GOLDMAN SACHS GROUP INC (GS) SEC Filings, Mar 26, 2026

GS Finance Corp. offers structured, S&P 500®-linked medium-term notes with an aggregate face amount of $2,886,390. The notes pay no interest, provide a 300% upside participation rate in positive scenarios capped by a $11.52 maximum settlement amount per $10 face amount, and expose investors to full downside (you could lose your entire investment).

The notes are guaranteed by The Goldman Sachs Group, Inc., priced at 100% of face with a 1.65% underwriting discount; tax treatment is uncertain and FATCA withholding generally applies.

GS Finance Corp. is offering leveraged buffered S&P 500® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. Each $1,000 note returns: either a capped upside (participation × index gain up to a maximum settlement amount), the face amount if losses do not exceed a 15% buffer, or a pro rata loss beyond that buffer. Key terms include a 200% upside participation rate, a 15% buffer (buffer level 85%), a minimum maximum settlement amount of $1,250 per $1,000 face, trade date Apr 29, 2026, original issue date May 4, 2026, determination date Jan 29, 2029, and stated maturity Feb 1, 2029. The notes pay no interest, are subject to issuer/guarantor credit risk, may trade illiquidly, and have uncertain U.S. federal tax treatment.

GS Finance Corp. offers Market Linked Medium‑Term Notes (Series F) guaranteed by The Goldman Sachs Group, Inc. The securities are equity ETF linked, auto‑callable with a contingent quarterly coupon and downside principal at risk, tied to the lowest performing of three State Street Select Sector ETFs. Each security has a face amount and original offering price of $1,000. The contingent coupon (set on the pricing date) will equal at least $33.75 per $1,000 face amount (equivalent to 13.50% per annum) if the lowest performing underlier on a quarterly calculation day is >= its coupon threshold (75% of starting price). Automatic calls occur if the lowest performing underlier on a call date is >= its starting price (call opportunity begins October 2026). If not called, maturity is April 27, 2029; at maturity you receive $1,000 only if the lowest performing underlier's ending price >= its downside threshold (70% of starting price), otherwise the maturity payment equals $1,000 × performance factor and you may lose more than 30% or all principal. Estimated value at pricing is between $925 and $955 per $1,000 face amount; underwriting discount up to $25.75, proceeds to issuer $974.25 per security.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due 2031, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Bank of America, Micron Technology and NVIDIA. Coupons of $7.75 per $1,000 (0.775% monthly; up to 9.3% per annum) are paid only when each underlier is at or above a coupon trigger level equal to 75% of its initial underlier level on the related observation date. The notes are auto‑callable on observation dates if each underlier is at or above its initial level; if called, holders receive $1,000 per $1,000 face amount plus any coupon then due. Trade date is April 9, 2026 and stated maturity is April 16, 2031. Goldman Sachs & Co. LLC is the calculation agent. GS&Co. estimates the notes' value on the trade date at $885 to $925 per $1,000, which is below the original issue price.

The issuer, GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.), is offering principal-at-risk structured notes linked to the lesser-performing of three ETFs: State Street Technology Select Sector SPDR ETF (initial level $136.95), Invesco QQQ, Series 1 (initial level $588.00) and iShares Semiconductor ETF (initial level $336.59). The notes mature on expected April 4, 2033 with a determination date expected to be March 28, 2033. For each $1,000 face amount, holders receive either $1,000 plus 1.961× the lesser performing ETF return if all ETF returns are ≥0%, or $1,000 plus the lesser performing ETF return if any ETF return is negative. The notes pay no interest, carry issuer and guarantor credit risk, and have an estimated value on the trade date of $885–$935 per $1,000 face amount.

The pricing supplement describes Contingent Income Auto-Callable Securities issued by GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., linked to the Class A common stock of Vertiv Holdings Co. Each security has a $1,000 stated principal amount, an expected original issue date of April 8, 2026 and an expected stated maturity date of April 5, 2029. Investors may receive a contingent quarterly coupon (set at a product that uses at least $46.75) only if the underlying stock's closing price on coupon observation dates is at or above a downside threshold equal to 50.00% of the initial share price. Securities are automatically called if the closing price on any call observation date is at or above the initial share price; if not called, payment at maturity equals $1,000 if the final share price is at or above the downside threshold, or $1,000 multiplied by the share performance factor if below, exposing investors to potential substantial principal loss.

GS Finance Corp. offers $1,120,000 aggregate face amount of notes due March 27, 2029. The notes pay contingent monthly coupons of $6.334 per $1,000 (0.6334% monthly, ~7.6% annualized) only if each underlier equals or exceeds 50% of its initial level on coupon observation dates; otherwise no coupon is paid. At maturity the cash payment (per $1,000) is $1,000 if each final underlier level is at least 50% of its initial level, or otherwise $1,000 plus the lesser performing underlier return times $1,000, which can result in a substantial loss. Goldman Sachs (GS&Co.) is the calculation agent; GS Finance Corp. is the issuer and The Goldman Sachs Group, Inc. is guarantor. The estimated value at pricing was approximately $966 per $1,000 face amount; original issue price was 100% with a 1% underwriting discount (net proceeds 99%).

The Goldman Sachs Group, Inc. proposes a primary offering of Callable Fixed Rate Notes due April 17, 2028 that pay interest at 4.50% per annum from and including the original issue date (expected April 17, 2026) to but excluding maturity. Interest is payable on each interest payment date (expected April 17 and October 17), with the first payment expected on October 17, 2026.

The notes are callable at the issuer’s option, in whole but not in part, on each redemption date (expected quarterly on the 17th of January, April, July and October beginning on or after October 17, 2026) at a price equal to 100% of principal plus accrued interest, with at least five business days’ prior notice. The notes will be issued in book-entry form through DTC. Pricing, underwriting discounts, and the initial public price vary by investor type as described in the supplemental plan of distribution.

GS Finance Corp. is offering Autocallable Index-Linked Notes due March 28, 2030 (guaranteed by The Goldman Sachs Group, Inc.) with an aggregate face amount of $4,823,000. The notes pay no interest, may be automatically called beginning March 24, 2027 if three equity indices each close at or above 80% of their initial levels, and at maturity pay an amount tied to the performance of the lesser performing index. The maturity date premium is 36.4%, the estimated value at pricing was approximately $977 per $1,000 face amount, and the notes are unsecured obligations subject to issuer and guarantor credit risk.