GOLDMAN SACHS GROUP INC (GS) SEC Filings, Mar 23, 2026

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering cash-settled structured notes linked to the S&P 500® Futures 40% VT Adaptive Response 6% Decrement Index (USD) ER. The notes have a $1,000 face amount per note, an expected trade date of April 8, 2026, an expected original issue date of April 13, 2026, and an expected stated maturity date of April 15, 2031. The notes do not bear interest and include an automatic call feature beginning with call observation dates in October 2026. If not called, the maximum cash payment at maturity is $2,700 per $1,000 face amount; if called, payment equals $1,000 plus the applicable call premium listed for each call payment date.

The underlier applies leverage (up to 500%), a cap on daily leverage change (100%), and a daily 6.0% per annum decrement that reduces index performance. The estimated value at pricing is between $885 and $935 per $1,000 face amount. Payments depend on the underlier level on specified call observation dates or on the determination date; investors are exposed to issuer and guarantor credit risk and may lose their entire investment.

GS Finance Corp. is offering Autocallable Index-Linked Notes due 2029, fully guaranteed by The Goldman Sachs Group, Inc. The notes reference the MSCI EAFE and EURO STOXX 50 indices and have an upside participation rate of 200%.

The notes pay no interest, may be automatically called on the call observation date of April 2, 2027 (call payment April 7, 2027) if each underlier is >= its initial level, in which case the cash payment would be $1,183.50 per $1,000 face amount. If not called, final payoff at maturity (determination date April 3, 2029, stated maturity April 6, 2029) depends solely on the lesser performing underlier: full principal if that underlier is >= 50% of its initial level, or a proportionate loss to the extent it falls below that 50% trigger buffer, potentially resulting in a complete loss of principal. Credit risk is borne by GS Finance Corp. and its guarantor.

GS Finance Corp. is offering principal-at-risk, S&P 500®-linked notes with a $1,500,000 aggregate face amount. The notes pay no interest and mature on October 13, 2033 (determination date October 11, 2033), with settlement per $1,000 face amount capped at a maximum settlement amount of $1,755. If the final S&P 500 level is below the trigger buffer level (90% of the initial level), the holder loses 1% of face for each 1% decline below the initial level and could lose the entire investment. The notes are issued by GS Finance Corp. and unconditionally guaranteed by The Goldman Sachs Group, Inc.; initial issue price was 100% of face with a 3.75% underwriting discount.

GS Finance Corp. offers principal-at-risk notes linked to the Russell 2000®, the S&P 500® and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). The notes have a stated maturity of March 24, 2031 and may be automatically called on any observation date from September 2026 through February 2031.

Each $1,000 face amount pays a monthly coupon of $9.167 if, on a coupon observation date, the closing level of each underlier is ≥ 70% of its initial level. Initial levels are Russell 2000: 2,494.710, S&P 500: 6,606.49, XLP: $81.97. At maturity, if not called, the cash settlement depends on the lesser performing underlier with a 65% trigger buffer; losses occur if any underlier falls below 65% of its initial level. The aggregate original face amount shown is $2,000,000.

GS Finance Corp. offers principal-at-risk, non‑interest notes backed by a guarantee of The Goldman Sachs Group, Inc. The notes pay at maturity on March 22, 2029 based on the performance of the lesser performing of three stocks: NVIDIA, AMD and Qualcomm. For each $1,000 face amount, returns are linked to the lesser performing index stock return with an upside participation rate 353.75%, subject to a 25% trigger buffer (final price < 75% of initial price causes downside exposure). The prospectus discloses an estimated value of approximately $971 per $1,000 face amount at term pricing and an underwriting discount of 2.85%. The notes do not bear interest, are unsecured obligations, and are subject to issuer and guarantor credit risk and the calculation agent’s discretions.

GS Finance Corp. offers $2,475,000 aggregate face amount of market-linked notes guaranteed by The Goldman Sachs Group, Inc., linked to the S&P 500® Index. The notes pay no interest and mature on September 23, 2027 (determination date September 20, 2027).

On maturity each $1,000 face amount pays either: (1) $1,000 plus 150% of the underlier return up to a maximum of $1,212.70; (2) $1,000 if the final level is ≥ 90% of the initial level; or (3) a reduced amount if the final level is below 90%, producing proportional losses beyond the 10% buffer. The notes are unsecured obligations, not bank deposits, and are subject to the issuer/guarantor credit risk, limited liquidity, and uncertain U.S. federal tax treatment.

GS Finance Corp. is offering leveraged buffered EURO STOXX 50® index-linked notes due April 3, 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and the cash settlement per $1,000 face amount depends on the underlier performance measured from the trade date (March 31, 2026) to the determination date (March 31, 2031). If the final underlier level is at or above the initial level, the payoff equals 163.5% times the underlier return. If the final level is below the initial level but at or above 80% of the initial level, the payoff equals the absolute value of the underlier return. If the final level is below the 80% buffer level, investors suffer a pro rata loss of principal tied to the decline beyond the buffer; the notes can lose a substantial portion of principal.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering structured notes linked to the common stocks of Apple, Meta and Microsoft with an aggregate face amount of $300,000. The notes pay a contingent quarterly coupon of $50 per $1,000 (a 5% quarterly coupon, up to 20% per annum) only if each underlier closes at or above 75% of its initial level on the related coupon observation date. Each underlier’s buffer level equals 75% of its initial level and the buffer amount is 25%; the cash settlement at maturity is based solely on the lesser performing underlier. The issuer may redeem the notes on coupon payment dates beginning September 2026. Stated maturity is March 22, 2029. The terms warn investors they could lose their entire investment and that the original issue price exceeds the estimated value determined by GS&Co.’s pricing models.

GS Finance Corp. is offering Leveraged Buffered S&P 500® Futures Excess Return Index‑Linked Notes due 2031, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return on each $1,000 face amount depends on the S&P 500 Futures Excess Return Index performance from the March 31, 2026 trade date to the March 31, 2031 determination date. If the final underlier level is above the initial level, payment equals $1,000 plus the underlier return times an upside participation rate of 188.75%. If the final level is between the initial level and the buffer level of 80%, you receive the $1,000 face amount. If the final level is below the buffer, losses are linear below the buffer (buffer amount 20%, buffer rate 100%), and you could lose a substantial portion of principal. Trade date is March 31, 2026, original issue date April 3, 2026, and stated maturity date April 3, 2031.