GOLDMAN SACHS GROUP INC (GS) SEC Filings, Aug 26-27, 2026

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp as issuer and Goldman Sachs as guarantor, is offering index-linked Medium-Term Notes, Series F due October 5, 2028. The notes are linked to the Russell 2000 Index and the S&P 500 Index and are fully and unconditionally guaranteed by Goldman Sachs.

For each $1,000 face amount, investors receive at maturity the maximum settlement amount (at least $1,140) if on the determination date the final level of each index is greater than or equal to its initial level. If the final level of any index is below its initial level, the payment is limited to $1,000. The payoff is based solely on the “lesser performing underlier.”

The notes do not bear interest and are senior unsecured obligations subject to the credit risk of GS Finance Corp and Goldman Sachs. They are expected to be treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of ordinary income over the term. The notes will not be listed, and GS&Co. may, but is not obligated to, make a secondary market.

Goldman Sachs Group Inc. (GS), through subsidiary GS Finance Corp., is offering S&P 500® Daily Risk Control 5% USD Excess Return Index-linked notes due on the expected stated maturity date of October 4, 2029. The notes are senior unsecured obligations of GS Finance Corp., fully and unconditionally guaranteed by Goldman Sachs Group Inc.

The notes pay no interest. At maturity, for each $1,000 face amount you receive: (i) if the S&P 500® Daily Risk Control 5% USD Excess Return Index (the underlier) is at or above its initial level, $1,000 plus $1,000 × underlier return × an upside participation rate of at least 188%; or (ii) if the underlier return is negative, $1,000 plus $1,000 × the absolute underlier return, subject to a maximum downside settlement amount of $2,000 per $1,000 face amount.

The underlier is an excess return index: it reflects the S&P 500® Daily Risk Control 5% USD Total Return Index minus hypothetical borrowing costs at SOFR + 0.02963%. This structure can cause the underlier to underperform the S&P 500® Total Return Index and may reduce or increase losses versus the underlying equity market. Historical data after the December 20, 2021 switch from overnight U.S. dollar LIBOR to SOFR is very limited. The estimated value at pricing is expected to be $925–$965 per $1,000, below the 100% issue price, and the notes are subject to the credit risk of both GS Finance Corp. and Goldman Sachs Group Inc. For U.S. tax purposes, the notes are treated as contingent payment debt instruments, generally requiring accrual of ordinary income over their term.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp. as issuer and with a guarantee from The Goldman Sachs Group, Inc., is offering buffered S&P 500® Index-linked notes due in 2030. The notes pay no interest and return at maturity depends on S&P 500® performance between an expected trade date of August 28, 2026 and an expected determination date of August 28, 2030.

At maturity, for each $1,000 face amount, holders receive $1,000 plus 98.35% of any positive index return, so upside is participation at 98.35%, not 100%. If the index is flat or down by up to 10%, principal is returned in full. If the index falls more than 10%, losses match the index decline beyond that 10% buffer at a 100% buffer rate; for example, a 50% index level results in a 60% payout of face amount. The estimated value at pricing is expected to be $905–$945 per $1,000, below issue price, reflecting fees and dealer economics.

The notes are unsecured obligations of GS Finance Corp., subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and may have limited secondary liquidity. For U.S. tax purposes they are intended to be treated as a pre-paid derivative contract on the S&P 500® Index, with tax consequences described as uncertain.

GOLDMAN SACHS GROUP INC (symbol: GS) is the issuer of record for a Form 424B2 filing submitted to the SEC.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., provides an August 2026 index supplement for medium-term notes and warrants linked to the Nasdaq-100 Technology Sector Index (NDXT). The index tracks equal‑weighted technology companies from the Nasdaq‑100 Index, is USD‑denominated, price‑return only, and has been calculated since February 22, 2006 with a base value of 1,000.

The supplement shows historical performance through August 3, 2026. For that date, annualized returns were 45.06% over 1 year, 26.20% over 3 years, 13.18% over 5 years, and 15.42% since January 4, 2021, with annualized volatility between about 27% and 30%. Comparative data indicate higher recent returns for NDXT than the Nasdaq‑100 and S&P 500 over 1 and 3 years, with more similar performance over longer horizons.

The supplement emphasizes that past performance and volatility are not indicative of future results and highlights multiple risks of investing in securities linked to this index, including credit risk of GS Finance Corp. and The Goldman Sachs Group, index concentration in technology, lack of dividends and shareholder rights, potential differences between underlier moves and note pricing, foreign market exposure for some constituents, and Nasdaq’s broad discretion over index composition and methodology.

Goldman Sachs Group, Inc. (GS), through GS Finance Corp., is offering autocallable contingent coupon notes linked to the S&P 500 Index, State Street SPDR S&P Regional Banking ETF (KRE) and State Street Energy Select Sector SPDR ETF (XLE), maturing on September 7, 2029 and issued at $1,000 face amount per note. The notes pay a contingent monthly coupon of $11.042 per $1,000 (1.1042% per month, up to about 13.25% per year) only if on each observation date all underliers are at or above 70% of their initial levels; otherwise the coupon is zero. The notes are automatically called if, on any call observation date starting March 2, 2027, all underliers are at or above their initial levels, in which case investors receive $1,000 plus the applicable coupon and the notes terminate early. If not called, at maturity investors receive $1,000 per note if each underlier’s final level is at or above 70% of its initial level, but if any underlier finishes below this trigger buffer, repayment of principal is reduced one-for-one with the lesser performing underlier’s return, and up to 100% of principal can be lost. Payments are subject to the credit risk of GS Finance Corp. as issuer and The Goldman Sachs Group, Inc. as guarantor, and the estimated value determined by GS&Co.’s pricing models will be lower than the original issue price.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering medium-term notes (Series F) and warrants (Series G) linked to the S&P 500® Daily Risk Control 5% USD Excess Return Index. This index measures the return of a leveraged or deleveraged exposure to the S&P 500® Total Return Index with a 5% volatility target, minus a financing cost of SOFR + 0.02963%.

The index can hold more or less than 100% exposure to the S&P 500® Total Return Index, dynamically adjusting exposure and a hypothetical cash position that earns or pays interest at SOFR + 0.02963%. Since December 20, 2021, both the Excess Return and Risk Control indices have referenced SOFR instead of overnight U.S. dollar LIBOR, so only limited performance history exists under the new rate regime.

As of August 3, 2026, the Excess Return index showed annualized returns of 5.26% over 1 year and 3.30% since January 4, 2021, with annualized volatility around 5%. Over the same periods, the S&P 500® Total Return Index returned 23.31% (1 year) and 15.42% (since January 4, 2021), illustrating the trade-off between risk control and upside capture. Investments in the linked securities carry credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., do not pay dividends on index stocks, and are not insured by the FDIC or any government agency.

GOLDMAN SACHS GROUP INC (GS), through GS Finance Corp., is offering Medium-Term Notes, Series F that are equity index-linked "Market Linked Securities" guaranteed by The Goldman Sachs Group, Inc. Each security has a $1,000 face amount, no interest, and is designed to be held to maturity on March 4, 2032.

The maturity payment depends solely on the lowest performing of four underliers: the S&P 500® Index, Dow Jones Industrial Average®, Nasdaq-100 Index® and EURO STOXX 50® Index. If that lowest index is above its starting level, investors receive $1,000 plus the index gain times an upside participation rate of at least 172.90%. If it is down but not below a 70% threshold level (a 30% buffer amount), investors receive $1,000 plus the absolute value of the index decline, capped at a +30% return.

If the lowest underlier falls more than 30% from its starting level, investors have 1-to-1 downside exposure beyond the buffer and may lose up to 70% of principal. The securities are unsecured obligations subject to the credit risk of GS Finance Corp. and the guarantor, pay no dividends, have no exchange listing, and the initial estimated value is $885–$915 per $1,000, below the original offering price, reflecting fees, hedging and structuring costs.

GOLDMAN SACHS GROUP INC (GS), through its affiliate GS Finance Corp., is offering medium-term notes and warrants linked to the S&P 500® Volatility Plus Daily Risk Control Index, a leveraged index targeting S&P 500® volatility with exposure between 100% and 200% of the S&P 500® Index. The index, launched on March 21, 2022 with historical data back to December 31, 1991, aims to maintain a dynamic volatility target equal to the S&P 500® realized volatility plus 10%, though calculation lags mean it will not always match that target.

The supplement presents hypothetical and historical performance only. For the period ended August 3, 2026, the index shows strong backward-looking annualized returns, such as 37.08% over 1 year and 29.51% over 3 years, with annualized volatility of 23.13% and 25.31%, respectively. Comparative data show higher returns than the S&P 500® Index over the same horizons, but much of this is hypothetical and not indicative of future results. As of August 3, 2026, the index’s exposure to the S&P 500® Index is 170.55%. The supplement emphasizes multiple risks, including issuer and guarantor credit risk, leveraged exposure, limited operating history, potential underperformance versus the S&P 500® Index, and the fact that the “risk control” label does not prevent significant losses.