Goldman Sachs Group Inc SEC Filings

GS Finance Corp. is offering Goldman Sachs Momentum Builder® Focus ER Index‑Linked Notes due March 29, 2029 guaranteed by The Goldman Sachs Group, Inc.. The cash payment at maturity depends on the index return from the trade date to the determination date.

If the final index level is greater than the initial index level, holders receive $1,000 plus $1,000 × the upside participation rate × the index return (the upside participation rate is at least 320%). If the final index level is equal to or less than the initial index level, holders receive the face amount of $1,000. The index is subject to a 0.65% per annum deduction and may allocate substantial exposure to cash positions. Credit risk remains with the issuer and guarantor; trade date is March 26, 2026.

GS Finance Corp. is offering leveraged buffered EURO STOXX 50® index-linked notes due 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; cash at maturity depends on the EURO STOXX 50 performance from the trade date to the determination date.

Key economics shown: an upside participation rate of at least 160%, a buffer equal to 25% (buffer level at 75% of initial level) and a buffer rate of 100%. If the index ends below the buffer level, investors can lose a substantial portion of principal; purchasers are also exposed to issuer and guarantor credit risk.

GS Finance Corp. is offering Market Linked Securities — auto-callable, leveraged upside participation notes linked to the Class A common stock of CoreWeave, Inc. Each security has a $1,000 face amount; the original offering price is $1,000 and the estimated value at pricing is between $890 and $920 per $1,000 face amount. The starting price is $79.56 (set on the strike date February 27, 2026), the pricing date is March 3, 2026, the automatic call date is March 8, 2027, and the stated maturity is March 8, 2029.

The notes provide 170.00% upside participation if not called, an automatic call feature that pays at least a 50.00% call premium if the call threshold (69% of the starting price) is met on the call date, and a threshold price equal to 60% of the starting price (a 40% decline). If the ending price is below the threshold price, holders have 1-to-1 downside exposure and may lose up to 100% of principal. Payments are unsecured obligations of GS Finance Corp. and guaranteed by The Goldman Sachs Group, Inc.; all payments are subject to issuer/guarantor credit risk.

GS Finance Corp. issues callable S&P 500® index-linked notes due March 31, 2032, guaranteed by The Goldman Sachs Group, Inc. The notes have an expected trade date of March 26, 2026 and an original issue date of March 31, 2026. They pay no interest and participate at an upside participation rate of 100% in positive S&P 500 performance measured from the initial level on the trade date to the final level on the determination date.

At maturity each $1,000 face amount pays $1,000 plus the product of $1,000 and the index return if positive; otherwise $1,000. The issuer may redeem in whole on specified monthly call payment dates beginning March 31, 2027 at 100% plus a call premium set on the trade date as shown in the call premium table. The estimated value on the trade date is between $885 and $935 per $1,000 face amount. Payment is subject to the credit risk of GS Finance Corp. and its guarantor.

GS Finance Corp. is offering $ Buffered S&P 500® Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and have a stated maturity of March 11, 2031 with a determination date of March 6, 2031. For each $1,000 face amount, the cash settlement at maturity varies by S&P 500 performance: full participation in positive returns up to a maximum upside settlement amount of $2,020, an absolute positive return if the index declines up to the 20% buffer (buffer level = 80% of the initial level), and a proportional loss if the index falls more than the buffer. The initial underlier level, final underlier level, and exact issue price will be set on the trade date. Investors remain exposed to issuer and guarantor credit risk and may lose a substantial portion of principal if the final underlier level is below the buffer.

GS Finance Corp. offers autocallable S&P 500® Index-linked notes due March 13, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, carry a 125% upside participation rate, a 15% buffer (buffer level = 85% of the initial level) and an automatic-call feature on March 12, 2027. If automatically called, the payment would be $1,128 per $1,000 face amount. If not called, maturity payoff depends on final index performance and may result in a complete loss of principal; tax treatment is uncertain.

GS Finance Corp. is offering structured, non‑interest bearing notes with an aggregate face amount of $4,778,000 linked to the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF. The cash settlement at the stated maturity date of March 1, 2030 depends on the lesser performing underlier: full face amount is returned if both underliers finish at or above 85% of their initial levels; an upside payout applies if both finish above their initial levels (upside participation rate 206.3% times the lesser performing underlier return); if the lesser performing underlier finishes below its buffer level, investors lose 1% of face amount per 1% decline below the buffer (buffer amount 15%, buffer rate 100%). The notes do not pay interest and are senior unsecured obligations of GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc.

GS Finance Corp. is offering structured notes due March 2, 2028 linked to the S&P 500® Index, the SPDR® Gold Trust and the iShares® Silver Trust. Coupons of $14.792 per $1,000 (1.4792% monthly; ~17.75% annualized) are paid on a coupon payment date only if the closing level of each underlier is at least 60% of its initial level on the related coupon observation date. The notes are automatically called early if, on any quarterly call observation date, each underlier is at or above its initial level; call observation dates occur in 2027 and a call payment follows the observation. At maturity (if not called), the cash payment per $1,000 depends solely on the lesser performing underlier: if every underlier is >= 60% of its initial level you receive $1,000 plus any final coupon; if any underlier is 60% you receive $1,000 adjusted by the lesser performing underlier return and no coupon, which can result in a loss of principal (potentially all invested capital). The prospectus discloses the estimated value on the trade date is approximately $934 per $1,000 face amount and highlights the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. is offering principal-protected-style contingent notes tied to the common stock of Amazon.com, Inc. The offering aggregates $349,000 face amount in notes with a $1,000 face amount per note, original issue price 100% of face and net proceeds of 99.2% of face. The notes mature on March 2, 2028 (determination date February 28, 2028), pay no interest and are fully guaranteed by The Goldman Sachs Group, Inc. Cash at maturity depends on the underlier return: an upside participation rate of 150% subject to a maximum cash cap of $1,357.50 per $1,000; a 20% buffer (buffer level = 80% of initial level) such that declines up to 20% produce a positive absolute return, and declines beyond the buffer produce losses tied to the underlier decline. The initial underlier level is $207.92. Underwriting discount is 0.8%. Terms are subject to adjustment as described in the general terms supplement.