GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. is offering indexed, non‑interest‑bearing notes linked to an equally weighted basket of CrowdStrike (CRWD), Palantir (PLTR) and Palo Alto Networks (PANW). The notes mature on March 30, 2028 and include an automatic call on March 29, 2027 that pays $1,210 per $1,000 if the basket’s closing level is at or above the initial level. At maturity, holders receive cash tied to the basket return with a 125% upside participation, a 15% buffer (buffer level = 85%), and downside exposure below the buffer. The estimated value at pricing was approximately $954 per $1,000, original issue price was 100% and underwriting discount was 1.75%.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering indexed, auto-callable notes linked to the Goldman Sachs Momentum Builder® Focus ER Index. The notes have a $1,000 face amount, aggregate face amount of $44,319,000, an original issue price equal to face amount and include an automatic call feature on annual observation dates. If not called, maturity cash is based on index performance with a 100% upside participation rate and a principal floor of $1,000. The index applies a 0.65% p.a. deduction, multi‑layer volatility and momentum controls, and may allocate substantially to hypothetical cash positions. Estimated trade‑date model value was $898 per $1,000, below issue price; an additional amount of $59.914 declines to zero on June 25, 2026. Tax treatment: notes are contingent payment debt instruments; issuer’s comparable yield is 5.14% p.a..

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non-interest-bearing notes linked to the S&P 500Futures Excess Return Index with a stated maturity of March 31, 2031. Payment at maturity depends on the underlier return versus a 15% buffer and an 85% buffer level. If the final underlier level equals or exceeds the initial level, holders receive the greater of a $1,475 threshold settlement amount or $1,000 plus $1,000 times the underlier return. If the final level declines but stays above the buffer level, holders receive $1,000 plus the absolute value of the underlier return. If the final level falls below the buffer level, holders suffer a pro rata loss tied to the underlier decline; examples show large principal losses are possible. The notes are issued at 100% of face, carry an underwriting discount of 3.55%, aggregate face amount is $334,000, and the issue is subject to issuer and guarantor credit risk.

GS Finance Corp. offers structured, cash‑settled notes tied to the S&P 500 Index with an automatic call feature and no periodic interest. The offering has an aggregate face amount of $787,000 and an upside participation rate of 110%. If the call observation date level is greater than or equal to the initial underlier level, the notes will be automatically called on the call payment date and pay $1,072.50 per $1,000 face amount. If not called, at maturity the cash payment per $1,000 depends on the S&P 500 performance: investors receive $1,000 + $1,000 × 110% × underlier return for a positive return, and $1,000 if the underlier return is zero or negative. The notes carry issuer and guarantor credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., do not bear interest, and have complex U.S. tax treatment as contingent payment debt instruments; the issuer’s calculated comparable yield is 4.90% with a projected payment of $1,278.26 based on a $1,000 investment.

GS Finance Corp. is offering structured notes (aggregate face amount $29,137,000) linked to the Goldman Sachs Momentum Builder Focus ER Index (GSMBFC5 Index). The notes have a 100% upside participation rate, an initial index level of 110.61, a stated maturity of March 31, 2033, and an automatic-call schedule with increasing call levels and call premiums through April 6, 2032.

The pricing supplement shows an original issue price of 100%, an underwriting discount of 4.625% and net proceeds to issuer of 95.375%. GS&Co.’s estimated value on the trade date was $895 per $1,000 face amount, below the issue price; an additional amount of $60.331 declines to zero by June 25, 2026. Payments at maturity are cash-settled and limited: if the final index level is equal to or below the initial level, holders receive only the face amount.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering $13,100,000 of medium-term notes linked to the S&P 500® Index. The notes pay no interest, carry an upside participation rate of 163.75% and include an 85% buffer level. If the call observation condition is met, each $1,000 note will be automatically called and pay $1,090 on the call payment date. If not called, final payment at maturity depends on the S&P 500 closing level on the determination date and may result in a total loss of principal. The notes are subject to issuer and guarantor credit risk and have an original issue price of 100% of face amount.

GS Finance Corp. offers structured, S&P 500®-linked notes with a $2,027,000 aggregate face amount. The notes pay no interest and return at maturity depends on the S&P 500 index performance between the trade date and the determination date, subject to a 15% buffer and a $1,215 maximum payout. Payments are cash-settled per $1,000 face amount and the notes are fully guaranteed by The Goldman Sachs Group, Inc.

The notes cap upside at $1,215 per $1,000 and provide an unusual buffer feature that converts modest underlier declines into positive returns up to a 15% decline; losses beyond the buffer are magnified by a buffer rate of approximately 117.65%, potentially resulting in a total loss of principal. The prospectus supplement and referenced documents contain additional terms and risks.

GS Finance Corp. priced two separate tranches of Buffered Index‑Linked Notes guaranteed by The Goldman Sachs Group, Inc., linked one-to-one to the S&P 500® and Russell 2000®. The trade date for setting terms is March 26, 2026 and the stated maturity is March 31, 2031. Each $1,000 face amount pays at maturity based on index performance versus its initial level, with a 15% buffer, 100% participation up to a capped payout ($1,650 for SPX, $1,850 for RTY). Aggregate original face amounts are $3,264,000 (SPX) and $551,000. The original issue price is 100% of face; underwriting discount is 4.125%.

Notes do not bear interest, are unsecured obligations subject to GS Finance Corp. and Goldman Sachs credit risk, and are characterized for U.S. federal income tax purposes as a pre-paid derivative contract.

GS Finance Corp. is offering callable, principal-at-risk notes linked to three underliers: the S&P 500® Index, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF. The notes mature on April 2, 2031 but are subject to automatic redemption beginning on March 29, 2027 if each underlier's closing level is ≥ its initial level. Call payments are capped by stated call premiums; the maturity payout is determined by the lesser performing underlier with a 65% maturity cap and a 70% trigger buffer. The estimated value on the trade date is approximately $938 per $1,000 face amount; original issue price is 100% with an underwriting discount of 4.125%. The notes are unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and involve significant market, ETF-specific and issuer credit risk.