GS Finance Corp. Files 424B2 Prospectus for New Securities Offering

TL;DR

**GS Finance Corp. just filed a prospectus for a new securities offering, get ready for new investment options.**

AI Summary

GS Finance Corp. filed a 424B2 prospectus on March 24, 2026, under registration statement 333-284538-03, indicating a new offering of securities. This filing is a supplement to a previously filed registration statement, likely detailing the final terms of a specific security offering. For investors, this means new investment opportunities from GS Finance Corp., a subsidiary of Goldman Sachs Group Inc., which could impact the supply and demand dynamics of their existing securities or provide new avenues for investment in the company.

Why It Matters

This filing signals that GS Finance Corp. is actively raising capital, which can be used for various corporate purposes, potentially impacting future growth or financial stability.

Risk Assessment

Risk Level: medium — The risk level is medium because while a new offering provides investment opportunities, the specific terms and risks of the securities are not detailed in this summary filing.

Analyst Insight

Investors should look for the specific terms of the new securities offering from GS Finance Corp. to evaluate potential investment opportunities or impacts on existing holdings.

Key Numbers

• 2026-03-24 — Filing Date (The date the 424B2 prospectus was filed by GS Finance Corp.)
• 333-284538-03 — File Number (The specific registration statement under which GS Finance Corp.'s offering is made.)
• 0001419828 — CIK (The Central Index Key for GS Finance Corp., identifying it in SEC filings.)
• 0000886982 — CIK (The Central Index Key for Goldman Sachs Group Inc., the parent company.)

Key Players & Entities

• GS Finance Corp. (company) — Filer of the 424B2 prospectus
• Goldman Sachs Group Inc. (company) — Parent company of GS Finance Corp.
• March 24, 2026 (date) — Filing date of the 424B2 prospectus
• 333-284538-03 (dollar_amount) — File number for GS Finance Corp.'s registration statement
• 0001419828 (dollar_amount) — CIK for GS Finance Corp.

Forward-Looking Statements

• GS Finance Corp. will issue new securities in the near future. (GS Finance Corp.) — high confidence, target: 2026-06-24

FAQ

Key Financial Figures

• $738,000 — ent No. 333-284538 GS Finance Corp. $738,000 Dow Jones Industrial Average Futures
• $5 — x tracks the performance of E-mini Dow ($5) futures contracts, not the Dow Jones I
• $1,000 — tial index level. At maturity, for each $1,000 face amount of your notes, you will rec
• $971 — he trade date is equal to approximately $971 per $1,000 face amount. For a discussio
• $29 — n additional amount (initially equal to $29 per $1,000 face amount). Prior to Jul

Filing Documents

• gs-20260324.htm (424B2) — 233KB
• gs_exfilingfees.htm (EX-FILING FEES) — 6KB
• img262706491_0.jpg (GRAPHIC) — 6KB
• img262706491_1.jpg (GRAPHIC) — 72KB
• img262706491_2.jpg (GRAPHIC) — 53KB
• img262706491_3.jpg (GRAPHIC) — 6KB
• 0001193125-26-122221.txt ( ) — 524KB
• gs_exfilingfees_htm.xml (XML) — 3KB

From the Filing

424B2 Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-284538 GS Finance Corp. $738,000 Dow Jones Industrial Average Futures Excess Return Index-Linked Notes due 2029 guaranteed by The Goldman Sachs Group, Inc. The notes do not bear interest. The amount that you will be paid on your notes on the stated maturity date (March 23, 2029) is based on the performance of the Dow Jones Industrial Average Futures Excess Return Index as measured from the trade date (March 20, 2026) to and including the determination date (March 20, 2029). The index tracks the performance of E-mini Dow ($5) futures contracts, not the Dow Jones Industrial Average . Generally, the return on an investment in a futures contract is correlated with, but not the same as, the return on buying and holding the securities underlying such contract. If the final index level on the determination date is greater than the initial index level of 494.37 (which is an intra-day level or the closing level of the index on the trade date), the amount that you would have been paid on your notes at maturity had that amount been based solely on the positive performance of the index will be reduced by multiplying the index return by the participation rate of 95.1%. This adjustment will reduce any positive return on your investment resulting from an increase in the final index level from the initial index level. If the final index level is equal to or less than the initial index level, you will receive the face amount of your notes. To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decrease in the final index level from the initial index level. At maturity, for each $1,000 face amount of your notes, you will receive an amount in cash equal to: ● if the index return is positive (the final index level is greater than the initial index level), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the participation rate times (c) the index return; or ● if the index return is zero or negative (the final index level is equal to or less than the initial index level), $1,000. You should read the disclosure herein to better understand the terms and risks of your investment, including the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. See page PS- 10 . The estimated value of your notes at the time the terms of your notes are set on the trade date is equal to approximately $971 per $1,000 face amount. For a discussion of the estimated value and the price at which Goldman Sachs & Co. LLC would initially buy or sell your notes, if it makes a market in the notes, see the following page. Original issue date: March 25, 2026 Original issue price: 100% of the face amount Underwriting discount: 1.2% of the face amount* Net proceeds to the issuer: 98.8% of the face amount * See “Supplemental Plan of Distribution; Conflicts of Interest” on page PS- 17 for additional information regarding the fees comprising the underwriting discount. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank. Goldman Sachs & Co. LLC Pricing Supplement No. 23,289 dated March 20, 2026. The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. We may decide to sell additional notes after the date of this pricing supplement, at issue prices and with underwriting discounts and net proceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for such notes. GS Finance Corp. may use this prospectus in the initial sale of the notes. In addition, Goldman Sachs & Co. LLC or any other affiliate of GS Finance Corp. may use this prospectus in a market-making transaction in a note after its initial sale. Unless GS Finance Corp. or its agent informs the purchaser otherwise in the confirmation of sale, this prospectus is being used in a market-making transaction. Estimated Value of Your Notes The estimated value of your notes at the time the terms of your notes are set on the trade date (as determined by reference to pricing models used by Goldman Sachs & Co. LLC (GS&Co.) and taking into account our credit spreads) is equal to approximately $971 per $1,000 face amount, which is less than the original issue price. The value of your notes at any time will reflect many factors and cannot be predicted; however, the price (not including GS&Co. ’ s customary bid and ask spreads) at which GS&Co. would

View Full Filing

View this 424B2 filing on SEC EDGAR