GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. is offering structured notes: Trigger Autocallable GEARS linked to the EURO STOXX 50® Index, guaranteed by The Goldman Sachs Group, Inc. Trade date is July 15, 2026 with an original issue date of July 17, 2026. The notes pay no coupons, have an autocall feature (call observation date July 22, 2027) and a final determination date of July 15, 2031 with stated maturity July 17, 2031.

Key economic terms set on the trade date include upside gearing expected between 1.45 and 1.67, a downside threshold of 75.00 of the initial index level, and a call return of 18.00. Estimated model value at pricing is $9.35–$9.65 per $10 face amount; original issue price is 100.00 of face with a distribution concession of 2.50.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering contingent income callable securities tied to the worst‑performing of the S&P 500®, Russell 2000® and Nasdaq‑100® with a stated maturity expected to be July 13, 2028. Each security has a $1,000 stated principal amount and may pay a contingent quarterly coupon (set at least $28.75 per $1,000 in the examples) only if each underlying index closes at or above a downside threshold equal to 70.00% of its initial index value on every index business day during the preceding quarterly coupon observation period. The issuer may redeem the securities at its option on coupon payment dates beginning with the coupon payment date expected to occur on October 15, 2026 through the coupon payment date expected to occur on April 13, 2028 at 100% of principal plus any coupon then due. If not redeemed, payment at maturity will be $1,000 if each final index value is greater than or equal to its downside threshold, or $1,000 multiplied by the worst performing index performance factor if any final index value is below its downside threshold.

GS Finance Corp. is offering callable S&P 500® Index-linked notes due August 2, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest, pay at maturity per the S&P 500® Index performance (100% participation if final level > initial level), and may be redeemed at issuer option on specified monthly call payment dates beginning August 2, 2027. The estimated value at trade date is between $885 and $935 per $1,000 face amount. The trade date is expected to be July 28, 2026 and the original issue date July 31, 2026. Purchasers are exposed to issuer and guarantor credit risk, limited upside at call dates (capped by the applicable call premium amounts), and U.S. tax rules treating the notes as contingent payment debt instruments.

The offering describes Autocallable Market-Linked Step Up Notes issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the EURO STOXX® Banks Index with a term of approximately two years if not called. Each unit has a $10 principal amount and a Call Payment of $12.00 per unit if automatically called on the Call Observation Date, roughly one year after pricing. If not called, redemption at maturity depends on the Ending Value versus a Threshold Value (to be set on pricing), with a Step Up Payment of $4.00 per unit (40%) and a Participation Rate of 100%. Estimated value at pricing is between $9.00 and $9.30 per $10 principal. The notes carry issuer/guarantor credit risk, limited secondary liquidity, no periodic interest, and a $100,000 minimum purchase.

GS Finance Corp. is offering Autocallable Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due 2033, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 100%, and may be automatically called on specified annual observation dates beginning July 28, 2027. If not called, the cash settlement at maturity on July 29, 2033 will pay $1,000 + $1,000 × (index return) when the final index level exceeds the initial level; if the final index level is equal to or below the initial level, the holder will receive the face amount of $1,000. The notes are linked to the Goldman Sachs Momentum Builder® Focus ER Index, which rebalances daily, applies a 5% realized volatility control, and subjects the index to a 0.65% per annum deduction. GS&Co.’s models price the notes on the trade date at an estimated value of $850 to $890 per $1,000 face amount, below the original issue price. Purchase involves issuer and guarantor credit risk and the possibility that index allocations may shift largely into hypothetical cash positions, which earn zero on an excess return basis before the deduction.

GS Finance Corp. is offering callable contingent coupon notes linked to the VanEck Semiconductor ETF (SMH). The notes pay a contingent quarterly coupon of $50 per $1,000 (at least 5% quarterly) when the underlier equals or exceeds 80% of the initial level. The issuer may redeem the notes on coupon payment dates beginning in February 2027.

At maturity (stated maturity May 3, 2029), each $1,000 face amount will pay either $1,000 if the final underlier level is at or above the 80% buffer, or a reduced cash settlement calculated using the 20% buffer and the underlier return, potentially causing substantial loss of principal. The notes are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., and are subject to issuer and guarantor credit risk, market‑value volatility, and tax uncertainties.

GS Finance Corp. is offering leveraged, buffered S&P 500® index-linked notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on S&P 500 performance measured from the trade date to the determination date.

Key terms include a 300% upside participation rate capped at a maximum upside settlement amount of at least $1,207.50 per $1,000, a 10% buffer (buffer level = 90% of the initial level), trade date July 31, 2026, original issue date August 5, 2026, determination date July 31, 2028, and stated maturity August 3, 2028. If the final underlier level falls below the buffer level, investors can lose a substantial portion of principal.

GS Finance Corp. is offering S&P 500® Index‑linked notes due 2030, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest. At maturity you receive either the face amount if the underlier return is zero or negative, or a cash payment tied to the S&P 500 return up to a maximum settlement amount of at least $1,284 per $1,000 face amount. Key dates disclosed include a trade date of July 28, 2026, original issue date July 31, 2026, determination date July 29, 2030, and stated maturity date August 1, 2030. The pricing supplement notes the original issue price will exceed the notes’ estimated model value and discusses market‑making, credit risk of the issuer and guarantor, U.S. tax treatment as a contingent payment debt instrument, and limited secondary market liquidity.

GS Finance Corp. is offering Autocallable Contingent Coupon Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Nasdaq-100, Russell 2000 and S&P 500 indices and pay contingent monthly coupons subject to observation triggers.

Each note has a $1,000 face amount and may be automatically called on specified quarterly call observation dates if each underlier is at or above its initial level. Coupons are payable only when each underlier is at or above 80% of its initial level; principal protection at maturity is limited and depends on the lesser performing underlier relative to a 70% trigger buffer. Trade date is July 2, 2026, original issue date July 8, 2026, and stated maturity July 7, 2028.