GOLDMAN SACHS GROUP INC SEC Filings

GS Finance Corp. files Underlier Supplement No. 49 dated June 24, 2026 describing additional risk factors for notes or warrants that reference one or more indices ("underliers"). The supplement explains pricing-model estimated values versus original issue price, the unsecured credit exposure to GS Finance Corp. and The Goldman Sachs Group, Inc., market‑value drivers (including interest rates, volatility and dividend treatment), foreign‑currency conversion and sovereign intervention risks, and index‑specific risks for a range of indices and index methodologies (including Excess Return, Risk Control and Volatility Plus indices). It also discloses benchmark and methodology dates (for example, SOFR replacement on December 20, 2021) and states that the calculation agent (initially GS&Co.) has discretion to determine underlier levels if sponsors discontinue or modify an underlier.

GS Finance Corp. offers callable equity‑linked notes tied to Micron Technology common stock. The notes mature July 13, 2029 (expected) with a trade date expected July 10, 2026 and original issue price at 100% of face amount. Notes pay no interest, can be automatically called on scheduled call observation dates beginning in July 2027 if the Micron closing price is at least 70% of the initial index stock price, and provide a capped maximum settlement of $2,290 per $1,000 face amount at maturity. If not called, payoff at maturity is linked to the index stock return; declines below the 70% trigger expose holders to principal loss, including potential loss of the entire investment. The estimated model value on the trade date is between $925 and $965 per $1,000 face amount.

GS Finance Corp. is offering Autocallable Contingent Coupon Equity-Linked Notes due December 30, 2027, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Micron Technology, Inc. (ticker MU) with an initial underlier level of $1,051.77 (closing June 23, 2026). Coupon payments are contingent and paid quarterly only when the underlier equals or exceeds 50% of the initial underlier level. The notes feature an automatic call if the underlier equals or exceeds the initial underlier level on any call observation date; otherwise maturity cash settlement depends on final underlier performance and can result in a total loss of principal.

GS Finance Corp. offers Digital Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no interest; the cash payment at maturity depends on the performance of Micron Technology, Inc. stock between the June 30, 2026 trade date and the December 30, 2027 determination date. If the final underlier level is at or above a 60% trigger buffer level, holders receive at least a $1,680 threshold settlement amount, subject to a $2,000 maximum settlement amount. If the final underlier level is below the trigger buffer level, holders suffer losses proportional to the decline and could lose their entire investment. The notes are part of the Medium-Term Notes, Series F program and are book-entry obligations under a senior indenture; market liquidity and secondary pricing depend on GS&Co. market-making and other market factors.

GS Finance Corp. is offering Digital Equity-Linked Notes due 2028, guaranteed by The Goldman Sachs Group, Inc. The notes reference the common stock of Marvell Technology, Inc. (Bloomberg ticker "MRVL UW") and have a $1,000 face amount per note. If the final underlier level on the determination date is ≥ the trigger buffer level (50% of the initial level), holders receive the greater of a $1,480 threshold settlement amount or $1,000 plus $1,000 times the underlier return, subject to a $2,000 maximum settlement amount. If the final underlier level is below the trigger buffer level, holders incur a loss equal to $1,000 × the underlier return and could lose their entire investment. The notes do not bear interest. Trade date is June 30, 2026, original issue date July 6, 2026, determination date December 30, 2027 and stated maturity date January 4, 2028. The prospectus discloses model-derived estimated values that are lower than the original issue price and highlights credit risk of the issuer and guarantor and limited secondary market liquidity.

GS Finance Corp. is offering autocallable index-linked notes due July 6, 2033 guaranteed by The Goldman Sachs Group, Inc. Each note has a $1,000 face amount and pays no periodic interest; payoff depends on the Goldman Sachs Momentum Builder® Focus ER Index. Notes are subject to annual automatic calls if the index meets rising call levels; otherwise maturity payment equals $1,000 plus participation in positive index returns (100% upside participation) or $1,000 if the index return is zero or negative. The index applies a 0.65% per annum deduction and may allocate heavily to cash-like positions via volatility and momentum controls, which can materially limit index upside. Trade date is June 30, 2026; original issue date is July 7, 2026.

GS Finance Corp. is offering callable, Dow Jones Industrial Average®-linked notes due expected July 3, 2031, guaranteed by The Goldman Sachs Group, Inc.. Each note has a $1,000 face amount and will pay at maturity either $1,000 or $1,000 plus participation in positive index performance (the upside participation rate is at least 100%), measured from the trade date (expected June 30, 2026) to the determination date (expected June 30, 2031). The issuer may redeem the notes on specified quarterly call payment dates beginning July 2027 at cash amounts capped by preset call premium percentages. The estimated value on the trade date is between $885 and $915 per $1,000 face amount; the original issue price is 100% of face with a 2.5% underwriting discount. The notes do not bear interest and are subject to issuer and guarantor credit risk and U.S. tax rules for contingent payment debt instruments.

GS Finance Corp. offers market-linked, auto-callable medium-term notes (guaranteed by The Goldman Sachs Group, Inc.) linked to the common stock of Intel Corporation due June 29, 2029. Each security has a $1,000 face amount and pays a monthly contingent coupon only when the underlying stock meets a coupon threshold (50% of the starting price). The contingent coupon per $1,000 is at least $21.042 (about 25.25% per annum) as set on the pricing date. The notes can be automatically called on monthly call dates starting December 2026 if the stock closing price is greater than or equal to the starting price; if not called, repayment at maturity depends on whether the ending price is at or above the downside threshold (50% of the starting price). The estimated value at pricing is between $890 and $920 per $1,000 face amount, and all payments are subject to the issuer’s and guarantor’s credit risk.

GS Finance Corp. (guaranteed by The Goldman Sachs Group, Inc.) is offering capped, buffered monthly-coupon notes linked to the State Street Energy Select Sector SPDR ETF and Diamondback Energy, Inc. The notes pay a fixed coupon of $8.584 per $1,000 monthly (about 10.3% per annum) from July 2026 through the stated maturity on June 26, 2028. At maturity you receive the final coupon and a cash settlement tied to the lesser performing underlier measured from the initial levels set on June 18, 2026 to the determination date (June 21, 2028), with a 60% trigger buffer: if the lesser performing underlier finishes at or above 60% of its initial level, you receive $1,000 per $1,000 face amount; if below, you receive $1,000 plus $1,000 times the lesser performing underlier return, which can result in substantial loss of principal. The estimated value at pricing was approximately $990 per $1,000 face amount and the original issue price is 100% of face amount.