GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering autocallable contingent coupon notes linked to the common stocks of Advanced Micro Devices, Inc., Apple Inc. and Western Digital Corporation. The notes have an expected trade date of April 14, 2026 and an expected original issue date of April 17, 2026, and a stated maturity date expected to be April 19, 2029, subject to adjustment.

The notes pay a potential monthly coupon equal to $15.834 per $1,000 face amount (1.5834% monthly, approximately 19% per annum) on coupon payment dates if each index stock’s closing price on the related coupon observation date is at least 50% of its initial index stock price. The notes are automatically called if, on any call observation date (commencing in April 2027), each index stock’s closing price is greater than or equal to its initial price; called notes pay the face amount plus accrued coupon. At maturity, if a trigger event occurs (each final index stock price is below its initial price) and the lesser performing index stock is below 50% of its initial price, holders may receive a reduced cash settlement tied to that lesser performing stock and could lose a substantial portion of principal. The estimated value on the trade date is expected to be between $925 and $955 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering leveraged, iShares MSCI EAFE ETF-linked notes due 2028, fully guaranteed by The Goldman Sachs Group, Inc. The notes (face amount shown per example: $1,000) pay no interest and provide payoff outcomes tied to the EFA ETF level between the trade date and the determination date. Key terms include an upside participation rate of 200% with a $1,200 maximum cash settlement, a trigger buffer level of 75% (25% buffer amount), trade date April 29, 2026, original issue date May 4, 2026, determination date October 30, 2028, and stated maturity November 2, 2028.

The notes use absolute return treatment when the final underlier level declines up to the trigger buffer (you could receive the absolute underlier return as a positive payment). If the final underlier level is below the trigger buffer, investors suffer a dollar-for-dollar loss below par and could lose their entire investment. The notes carry issuer and guarantor credit risk, limited secondary-market liquidity, tax uncertainty (including potential Section 1260 implications), and model/pricing differences vs. the original issue price.

The GS Finance Corp. offering prices structured, ETF-linked notes due November 2, 2028 that pay a cash settlement tied to the performance of the iShares MSCI EAFE ETF (EFA) as measured from the trade date to the determination date. The notes feature a 200% upside participation rate subject to a $1,250 maximum payout per $1,000 face amount, a 25% trigger buffer (trigger buffer level = 75% of the initial underlier level), trade date April 30, 2026, original issue date May 5, 2026, determination date October 30, 2028.

The notes do not pay interest and are unsecured senior obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc.; investors bear issuer/guarantor credit risk, foreign currency and EAFE market risks, potential loss of principal if the final underlier level is below the trigger buffer level, and tax uncertainties including possible application of Section 1260.

GS Finance Corp. is offering Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and may be automatically called on the call observation date if the underlier closes at or above its initial level; an automatic call would pay $1,100 per $1,000 face amount on the call payment date. If not called, the cash payment at maturity depends on the final S&P 500 level: participation is 250% of positive returns, principal is preserved if the final level is at or above an 80% trigger buffer, and losses occur if the final level is below that buffer (you could lose your entire investment). Trade date is April 14, 2026, original issue date April 17, 2026, determination date March 27, 2029, and stated maturity March 30, 2029. The notes are senior debt under GSFC's Medium-Term Notes program; pricing models show the estimated value is less than the original issue price.

GS Finance Corp. is offering leveraged buffered S&P 500 Index-linked notes due 2028, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity is tied to the S&P 500 level from the trade date to the determination date. If the final level exceeds the initial level, holders receive 200% participation in the upside subject to a maximum settlement amount of at least $1,261 per $1,000 face amount. If the final level is between the initial level and the buffer level (90%), holders receive the face amount. If the final level falls below the buffer level, holders suffer downside exposure calculated using a buffer rate of approximately 111.11%, and could lose their entire investment. Trade date is April 27, 2026, original issue date April 30, 2026, determination date April 27, 2028, and stated maturity date May 2, 2028. The original issue price is 100% of face amount; underwriting discount is 1.5%, net proceeds to issuer 98.5%. The notes are subject to the issuer and guarantor credit risk, limited upside by the maximum settlement amount, uncertain tax treatment, potential lack of liquid secondary market, and modeled estimated value that is lower than issue price.

GS Finance Corp. offers structured, autocallable notes linked to the Nasdaq-100, SPDR Gold Trust and the VanEck Semiconductor ETF. Trade date is expected to be April 2, 2026 with stated maturity expected to be April 9, 2029. Monthly coupon observation dates are expected on the 2nd of each month beginning May 2026; automatic calls may occur on observation dates beginning April 2027 through March 2029. Coupons accrue only if each underlier's closing level on a coupon observation date is at or above 60% of its initial level; a trigger buffer at 50% determines principal protection vs. loss. If any underlier finishes below 50% of its initial level at maturity, principal is reduced pro rata to the lesser performing underlier return. The estimated model value at pricing is $925–$955 per $1,000 face amount; original issue price is 100% of face amount.

GS Finance Corp. is offering leveraged, S&P 500® Futures Excess Return Index-linked notes due April 10, 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. For each $1,000 face amount, the cash payment at maturity will be either: (1) $1,000 plus $1,000 times the upside participation rate of 134.25% times the underlier return if the final underlier level exceeds the initial underlier level, or (2) $1,000 if the final underlier level is equal to or less than the initial underlier level. The underlier is the S&P 500® Futures Excess Return Index (Bloomberg: SPXFP Index), which tracks E‑mini S&P 500 futures rather than the S&P 500® Index. Trade date is April 7, 2026 and original issue date is April 10, 2026; the determination date is shown as April 7, 2031, each subject to adjustment. The notes pay no interest, are cash‑settled at maturity, are subject to issuer and guarantor credit risk, and may trade thinly or not at all.

GS Finance Corp. offers Autocallable S&P 500® Index-Linked Notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on the call observation date and provide a capped call payment of $1,120 per $1,000 if the underlier is at or above the initial level. If not called, maturity cash settlement is linked to S&P 500 performance with a 200% upside participation, a 10% buffer (buffer level at 90% of initial), and possible large principal losses if the final underlier level is below the buffer.

The trade date is April 9, 2026, original issue date April 14, 2026, call observation date April 14, 2027, and stated maturity April 19, 2029. Terms (including the initial underlier level and aggregate face amount) will be set on the trade date and the offering is subject to the general terms supplement and prospectus references.

GS Finance Corp. offers $1,000 face‑amount Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes can be automatically called on the call observation date with a capped call payment of $1,140 per $1,000. If not called, maturity payoff depends on the index return and a 300% upside participation rate, subject to index deductions including a 0.65% per annum accrual and potential large allocations to cash positions that earn zero excess return. Trade date is April 27, 2026, original issue date April 30, 2026, determination date April 28, 2031 and stated maturity May 5, 2031. GS&Co.’s estimated value on the trade date is $850 to $880 per $1,000, which is below the original issue price.