diff --git a/Lib/test/test_exception_group.py b/Lib/test/test_exception_group.py
index f79bfa4ae2d322..ec3b346a8db448 100644
--- a/Lib/test/test_exception_group.py
+++ b/Lib/test/test_exception_group.py
@@ -3,7 +3,7 @@
 import unittest
 from test.support import (skip_emscripten_stack_overflow,
                           skip_wasi_stack_overflow, run_with_limited_c_stack,
-                          exceeds_recursion_limit)
+                          exceeds_recursion_limit, nomemtest)
 
 class TestExceptionGroupTypeHierarchy(unittest.TestCase):
     def test_exception_group_types(self):
@@ -130,6 +130,15 @@ class MyBEG(BaseExceptionGroup):
             type(MyBEG("eg", [ValueError(12), KeyboardInterrupt(42)])),
             MyBEG)
 
+    @nomemtest
+    def test_no_memory(self):
+        import _testcapi
+        # A tuple of exceptions is not copied, so the first allocation
+        # is the one of the exception group itself.
+        excs = (ValueError(1),)
+        with self.assertRaises(MemoryError):
+            _testcapi.call_with_nomemory(0, 0, ExceptionGroup, "eg", excs)
+
 
 class StrAndReprTests(unittest.TestCase):
     def test_ExceptionGroup(self):
diff --git a/Misc/NEWS.d/next/Core_and_Builtins/2026-10-13-06-23-56.gh-issue-159294.9LTsNA.rst b/Misc/NEWS.d/next/Core_and_Builtins/2026-10-13-06-23-56.gh-issue-159294.9LTsNA.rst
new file mode 100644
index 00000000000000..9504f1f753cbec
--- /dev/null
+++ b/Misc/NEWS.d/next/Core_and_Builtins/2026-10-13-06-23-56.gh-issue-159294.9LTsNA.rst
@@ -0,0 +1,3 @@
+Fix a crash in a debug build when creating an :exc:`ExceptionGroup` or
+:exc:`BaseExceptionGroup` fails with :exc:`MemoryError`. Patch by Christian
+Aurich Zanettini Martins.
diff --git a/Objects/exceptions.c b/Objects/exceptions.c
index f262a1a52ab3d8..7849c1b840b473 100644
--- a/Objects/exceptions.c
+++ b/Objects/exceptions.c
@@ -990,11 +990,11 @@ BaseExceptionGroup_new(PyTypeObject *type, PyObject *args, PyObject *kwds)
          */
         cls = (PyTypeObject*)PyExc_BaseExceptionGroup;
     }
-    PyBaseExceptionGroupObject *self =
-        PyBaseExceptionGroupObject_CAST(BaseException_new(cls, args, kwds));
-    if (!self) {
+    PyObject *op = BaseException_new(cls, args, kwds);
+    if (!op) {
         goto error;
     }
+    PyBaseExceptionGroupObject *self = PyBaseExceptionGroupObject_CAST(op);
 
     self->msg = Py_NewRef(message);
     self->excs = exceptions;