GOLDMAN SACHS GROUP INC (GS) SEC Filings, Mar 25, 2026

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., offers principal-protected-like callable notes linked to five stocks: Apple, NVIDIA, Walmart, Tesla and Exxon Mobil. The notes carry monthly observation dates, an automatic call feature beginning in March 2027, and an expected maturity of April 3, 2031.

Each $1,000 face amount pays either a $7.834 maximum monthly coupon (0.7834% monthly; ~9.4% annualized) if every index stock on an observation date is ≥ 75% of its initial price, or a minimum coupon of $0.209 (0.0209% monthly). Trade date is expected to be March 27, 2026. The estimated value at issuance is between $885 and $925 per $1,000 face amount and payments remain subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. is offering Buffered Digital Equity-Linked Notes due 2027, fully guaranteed by The Goldman Sachs Group, Inc. The notes are linked to the common stock of Caterpillar Inc. (ticker “CAT UN”) and do not pay interest.

Key terms: trade date March 26, 2026, original issue date March 31, 2026, determination date April 26, 2027, stated maturity date April 29, 2027. The notes provide a 20% buffer (buffer level = 80% of the initial underlier level) and a buffer rate of 125%. If the final underlier level is at or above the buffer level, holders receive a capped maximum settlement of at least $1,162.50 per $1,000 face amount. If the final underlier level is below the buffer level, losses are magnified by the buffer rate and investors could lose their entire investment.

GS Finance Corp. is offering Callable Contingent Coupon Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes reference the Russell 2000® Index and the S&P 500® Index and pay a contingent quarterly coupon of at least $18.375 per $1,000 (1.8375% quarterly; up to 7.35% per annum) only if each underlier is at or above 55% of its initial level on the related observation date. The issuer may redeem the notes, at its option, on each coupon payment date commencing in October 2026 through January 2031 (subject to the company’s redemption right). At maturity, payment (for each $1,000 face amount) is either $1,000 or $1,000 plus the lesser performing underlier return; investors could lose their entire investment if the lesser performing underlier declines below its 55% trigger buffer level.

The Goldman Sachs Group, Inc. proposes a primary issuance of fixed rate senior notes due 2036. The pricing supplement describes Fixed Rate Notes with an interest rate of 5.15% per annum, a trade date of April 15, 2026, original issue date April 17, 2026, and stated maturity April 17, 2036. The notes will be issued in denominations of $1,000, will not be listed, and will be represented by a master global note (CUSIP 38151FXB4). The supplement states final terms will be set on the trade date and that the offering may terminate if there is a significant adverse movement in the issuer's credit spread prior to the trade date.

GS Finance Corp. offers contingent quarterly coupon, buffered, auto-callable notes linked to NVIDIA Corporation stock, guaranteed by The Goldman Sachs Group, Inc. The notes have a $1,100,000 aggregate face amount, an 100% original issue price, and pay contingent quarterly coupons if the underlier closes at or above 60% of the initial level on observation dates. The notes are callable if the underlier closes at or above the initial level on any call observation date and mature on March 28, 2029. The cash settlement at maturity caps returns at 100% of face amount and can decline to as little as the final underlier return (potentially 0%), meaning investors could lose their entire investment if the final underlier level is sufficiently low.

GS Finance Corp. is offering autocallable EURO STOXX 50® index-linked notes due 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, have an upside participation rate of 150% and a trigger buffer level of 80%. If the closing level of the underlier on the call observation date is greater than or equal to the initial level, the notes will be automatically called and pay at least $1,208 per $1,000 on the call payment date. If not called, maturity payoff depends on the final underlier level: above initial level pays $1,000 + $1,000×150%×underlier return; between 80% and 100% pays $1,000; below 80% pays $1,000 + $1,000×underlier return, which can result in a total loss. Key dates: trade date April 17, 2026, original issue date April 22, 2026, call observation date April 19, 2027, determination date April 17, 2029, stated maturity April 20, 2029.

GS Finance Corp. is offering structured notes linked to the S&P 500® Index that mature in March 2033. The notes pay no interest and return at maturity depends on the final index level versus a buffer level of 85% of the initial index. If the final level is ≥ the buffer level, each $1,000 face amount pays the capped $1,598. If the final level is below the buffer level, holders lose 1% of face for each 1% decline below the buffer (subject to the stated formula), exposing investors to substantial principal loss. Trade date was March 23, 2026, original issue date March 26, 2026, stated maturity date March 31, 2033. The offering aggregate face amount shown is $1,347,000, the underwriting discount is 4.25%, and net proceeds to issuer are 95.75% of face. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by The Goldman Sachs Group, Inc., so investors bear the credit risk of both entities.

GS Finance Corp. is offering S&P 500® Index-Linked Notes due 2030, fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and on the stated maturity will deliver for each $1,000 face amount either the face amount or a cash payment equal to $1,000 plus the underlier return, capped at a $1,465 maximum settlement amount. The trade date is April 17, 2026, the original issue date is April 22, 2026, the determination date is October 17, 2030 and the stated maturity date is October 22, 2030. The underlier is the S&P 500® Index (Bloomberg: "SPX Index"). The pricing supplement highlights that the original issue price exceeds the model-estimated value (reflecting underwriting discounts and a structuring fee) and that holders bear the credit risk of the issuer and guarantor, potential illiquidity, capped upside and complex U.S. tax treatment as a contingent payment debt instrument.

GS Finance Corp. is offering Autocallable Participation Notes linked to the S&P 500® Index. The notes trade in $10 principal units, have an approximate three-year term to April, 2029, and may be automatically called on an observation roughly one year after pricing (Call Observation Date around April, 2027).

The notes pay no periodic interest, provide a 100.00% participation rate above a 90.00% Threshold Value, and, if called, would pay a Call Payment of approximately $10.95 to $11.10 per unit. Estimated initial value is between $9.25 and $9.55 per $10 principal amount. Minimum initial purchase is $100,000, and payments are subject to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc.