GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. priced a primary offering of Buffered S&P 500® Index-Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes have an aggregate original face amount of $285,000, an original issue price of 100% of face, and a stated maturity of July 3, 2031. The notes reference the S&P 500® Index with an initial level of 7,440.43 (trade date June 29, 2026) and a participation rate of 90%. Positive index performance is paid at maturity multiplied by the participation rate; losses are buffered up to 10%, but declines beyond that produce proportional principal losses.

The pricing supplement discloses an estimated value of $951 per $1,000 face on the trade date and an underwriting discount of 4.1% (net proceeds ~95.9% of face). Payments are subject to the credit risk of GS Finance Corp. and the guarantor. Tax characterization, market disruption adjustments, calculation agent discretions, secondary-market illiquidity, and FATCA/withholding risks are highlighted.

GS Finance Corp. is offering Medium‑Term Notes, Series F: equity ETF‑linked, principal‑at‑risk securities due July 9, 2027 and linked to the Invesco QQQ Trust, Series 1. Each security has a face amount of $1,000, an upside participation rate of 100% capped at a 13.00% maximum return ($130 per security), and a 10% buffered downside: losses beyond the buffer are 1‑for‑1 (investors may lose up to 90% of face amount). The estimated value at pricing was approximately $964 per $1,000 face amount; the original offering price is $1,000 with an underwriting discount of $23.25 per $1,000. 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. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500 Index. Each $1,000 note returns at maturity either a capped upside, an absolute positive return if the index falls up to 10%, or a proportional loss if the index falls more than 10%. The upside participation rate is 200% with a maximum cash settlement of $1,180 per $1,000 face amount. The trade date is June 29, 2026, original issue date July 2, 2026, determination date June 29, 2028 and stated maturity July 5, 2028. The notes pay no interest and are subject to issuer/guarantor credit risk and limited liquidity.

GS Finance Corp. offers $1,029,000 aggregate callable notes linked to the Nasdaq-100 Index® due July 2, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an initial underlier level of 29,774.75, and return either the face amount or an index-linked upside at maturity, subject to issuer redemption on scheduled monthly call payment dates beginning in July 2027. The estimated value on the trade date was approximately $956 per $1,000 face amount, the original issue price is 100% and the underwriting discount is 3.25%.

GS Finance Corp. priced contingent monthly coupon, callable notes backed by a Goldman Sachs guarantee. The offering has an aggregate face amount of $9,001,000, an original issue price equal to 100% of face and pays a contingent monthly coupon of $20.834 per $1,000 (2.0834% monthly, potential up to approximately 25.00% per annum) when each underlier meets its 70% coupon trigger on observation dates.

Payments at maturity (if not automatically called) depend solely on the performance of the lesser performing underlier (Russell 2000, S&P 500 and the VanEck Semiconductor ETF). A final underlier level below 60% of its initial level can materially reduce principal and you could lose your entire investment. The notes are senior unsecured obligations of GS Finance Corp., fully guaranteed by The Goldman Sachs Group, Inc., and carry issuer and market‑liquidity risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured, non‑interest bearing notes linked to the S&P 500 Index. For each $1,000 face amount, investors receive either a capped cash payment of $1,155 if the final index level is at least 80% of the initial level, or a loss equal to the percentage decline of the index below its initial level multiplied by $1,000, potentially resulting in a total loss. The notes have a trade date of June 29, 2026, an original issue date of July 2, 2026, a determination date of June 29, 2028 and a stated maturity date of July 5, 2028. The offering lists an aggregate face amount of $204,000, an original issue price of 100% of face, an underwriting discount of 2.55% and net proceeds of 97.45% of face. These notes are unsecured senior obligations and are subject to the issuer and guarantor credit risk, limited upside by the maximum settlement amount, potential full principal loss if the underlier falls below the trigger buffer, and uncertain U.S. federal tax treatment.

GS Finance Corp. offers structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 4% Decrement Index (USD) ER. The notes have a face amount of $1,000 per note, an expected trade date of July 7, 2026, an expected original issue date of July 10, 2026, and an expected stated maturity of July 10, 2031. Coupons of up to 2% quarterly (up to 8% per annum) are payable on coupon payment dates only if the index closing level on the related coupon observation date is at or above 55% of the initial underlier level; the notes will be automatically called if the index closing level on any call observation date is at or above 92% of the initial underlier level. The underlier applies a 4.0% per annum daily decrement, a volatility target of 40%, and a maximum leverage of 500%, and may be substantially uninvested on some days. The estimated value at pricing is between $885 and $925 per $1,000 face amount.

The offered notes are GS Finance Corp.-issued, Goldman Sachs‑guaranteed, index‑linked notes tied to the Goldman Sachs Momentum Builder Focus ER Index with a stated maturity of July 7, 2033. For each $1,000 face amount the notes pay either an automatic call payment (if annual call observation levels are met) or a cash settlement at maturity based on the index return and a 100% upside participation rate. The notes have an aggregate face amount of $13,224,000, an estimated trade‑date model value of $897 per $1,000 (additional amount $103 declining to zero by September 28, 2026), and a no‑interest structure subject to issuer and guarantor credit risk.

The index methodology may allocate substantial exposure to hypothetical cash positions, includes a 5% realized volatility control and a momentum risk control, and charges a 0.65% per annum deduction (accruing daily). Call observation and premium schedule are specified annually beginning June 29, 2027. Tax treatment: the notes are treated as contingent payment debt instruments for U.S. federal income tax purposes.

The notes are non‑interest‑bearing, cash‑settled medium‑term notes issued by GS Finance Corp. and fully guaranteed by The Goldman Sachs Group, Inc. They have a $1,000 face amount per note and an aggregate face amount of $1,537,000. If the notes are automatically called (call observation date June 29, 2028), each $1,000 face amount pays $1,100 on the call payment date. If not called, at the stated maturity date July 9, 2029 each $1,000 will pay either $1,000 + $1,000 × 110% × underlier return if the final underlier level exceeds the initial level of 7,440.43, or $1,000 if the final level is equal to or below the initial level. The notes were priced at 100% of face with an underwriting discount of 2.25% (net proceeds 97.75%), and Goldman Sachs determined a comparable yield of 4.69% implying a projected payment of $1,152.60 for tax accrual purposes.