GOLDMAN SACHS GROUP INC (GS) SEC Filings, Mar 10, 2026

The issuer, GS Finance Corp. is offering notes linked to the S&P 500® Index, the State Street® Utilities Select Sector SPDR® ETF and the iShares® U.S. Real Estate ETF. The notes mature on March 12, 2029 unless redeemed earlier by the company.

Each $1,000 face amount may pay a monthly coupon of $6.167 (0.6167% monthly, ~7.4% annually) on a coupon payment date only if the closing level of each underlier on the related coupon observation date is >= 60% of its initial level. At maturity, if the lesser performing underlier is >= 60% of its initial level, holders receive $1,000 plus any final coupon; if below 60%, payoff equals $1,000 plus the lesser performing underlier return times $1,000, exposing holders to principal loss.

GS Finance Corp. is offering $7,812,000 of Contingent Income Auto-Callable Securities guaranteed by The Goldman Sachs Group, Inc., linked to the common stock of GE Vernova Inc. (initial share price $789.23). The securities were priced on March 6, 2026, issued on March 11, 2026, and mature on March 9, 2029, but may be automatically called earlier if the underlying stock closes at or above the initial share price on any call observation date.

The securities pay a contingent quarterly coupon per $1,000 principal that is payable only when the closing price on a coupon observation date is at or above the downside threshold price of $394.615 (50.00% of the initial share price). If the final share price on the determination date is below the downside threshold price, principal is reduced on a 1:1 basis by share performance; if the final share price is at or above the downside threshold price, principal is returned (plus any final contingent coupon). The offering includes a 2.25% underwriting discount and an estimated value of $964 per security as of the pricing date.

GS Finance Corp. is offering principal-protected-conditional structured notes linked to the Invesco QQQ, Series 1 ETF with guaranty by The Goldman Sachs Group, Inc. Trade date is March 13, 2026, original issue date expected March 18, 2026, and stated maturity expected March 18, 2031.

The notes do not pay interest. They feature an automatic call observation on March 22, 2027: if the ETF closing level on that date is >= the initial ETF level, each $1,000 face amount will be redeemed for $1,150 on the call payment date. If not called, the maturity payoff is linked to ETF performance: upside participation is 161% (i.e., 1.61x the ETF return if positive); if the ETF declines, losses equal the ETF return and you could lose your entire investment. The estimated value at pricing is between $885 and $925 per $1,000 face amount. Credit risk rests with GS Finance Corp. and The Goldman Sachs Group, Inc.

GS Finance Corp. offers S&P 500® Index‑Linked Notes due March 31, 2031, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount, does not pay interest, and will pay at maturity either the face amount or a cash settlement tied to the S&P 500® return measured from the trade date to the determination date. The trade date is March 26, 2026 and the determination date is March 26, 2031. If the final underlier level exceeds the initial level, holders receive $1,000 plus the index return, capped at a maximum settlement amount of at least $1,380. If the final level is equal to or below the initial level, holders receive the $1,000 face amount. Investors remain exposed to the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc., limited upside due to the cap, no interest payments, and potential secondary‑market illiquidity.

GS Finance Corp. is offering $ Buffered S&P 500® Index-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return on each $1,000 face amount at maturity depends on the S&P 500® performance between the March 17, 2026 trade date and the March 17, 2028 determination date. If the final underlier level is above the initial level, investors receive the underlier return capped at a $1,200 maximum settlement amount per $1,000 face. If the final level is between 80% (the buffer level) and the initial level, investors receive the face amount. If the final level is below the buffer level, losses occur on a 1:1 basis below the buffer, so principal can be substantially reduced. Key economics: 100% original issue price, underwriting discount 1.75%, net proceeds 98.25%. Cash-flow treatment and tax characterization are discussed, with US federal tax treatment described as uncertain.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering principal-at-risk notes linked to the S&P 500® Futures Excess Return Index that mature on March 11, 2031. For each $1,000 face amount, you receive no interest and the cash settlement at maturity equals either the threshold settlement amount of $1,655 or $1,000 plus $1,000 times the underlier return when the final underlier level is greater than or equal to the initial level; if the final underlier level is lower, you lose 1% of face amount for each 1% decline (you could lose your entire investment).

The notes reference the E-mini S&P 500 futures (Bloomberg: SPXFP Index), have an aggregate face amount of $933,000, trade date March 6, 2026, original issue date March 11, 2026, determination date March 6, 2031, and an underwriting discount of 1.2% (net proceeds 98.8% of face). The offering is exposed to issuer/guarantor credit risk, futures-specific risks (negative roll yield, contango), market‑disruption provisions, and uncertain U.S. federal income tax treatment.

GS Finance Corp. is offering Buffered Digital S&P 500® Index-Linked Notes due 2033, fully guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest and return at maturity depends on S&P 500 performance measured from the April 9, 2026 trade date to the April 11, 2033 determination date.

Key terms include a 10% buffer (buffer level = 90% of the initial level), a buffer rate of 100%, and a capped maximum settlement amount of $1,650 per $1,000 face amount. If the final underlier level is below the buffer level, principal losses occur proportionally; if at or above the buffer level, payment is capped at the maximum settlement amount. The notes are subject to issuer and guarantor credit risk and may have limited secondary-market liquidity.

GS Finance Corp. offers autocallable Russell 2000® Index-linked notes due March 30, 2029, guaranteed by The Goldman Sachs Group, Inc. The notes pay no interest, may be automatically called on annual observation dates and provide cash payoffs tied to the Russell 2000® performance.

If automatically called, investors receive principal plus a call premium (examples: 12.25% on the first call, 24.5% on the second). If held to maturity and not called, the cash settlement is capped at 36.75% above principal for strong underlier performance, but can decline to a full loss if the final underlier level falls to 0.00%. Original issue price is 100% of face amount with a distribution concession of 2.25%.

GS Finance Corp. priced $6,063,000 of Buffered Performance Leveraged Upside Securities ("PLUS") linked to the MSCI EAFE Index. Each PLUS has a $1,000 stated principal, $6,063,000 aggregate initial principal, pricing date March 6, 2026, original issue date March 11, 2026, valuation date September 7, 2027, and stated maturity September 10, 2027.

The notes provide 200% leveraged upside of positive index returns subject to a cap of $1,167.50 per PLUS (116.75% of principal), a 5.00% buffer on initial losses, and a minimum payment of $50.00 per PLUS (5.00% of principal). The estimated initial model value was approximately $956 per PLUS; original issue price equals stated principal. All payments are subject to issuer and guarantor credit risk.