高盛美股招股说明书(2026-06-18版)

The information in this preliminary pricing supplement is not complete and may be changed. This preliminarypricing supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdictionwhere the offer or sale is not permitted. Subject to Completion. Dated June 17, 2026 GS Finance Corp. $ Leveraged Russell 2000Index-Linked Notes dueThe 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 (expectedto be June 29, 2029) is based on the performance of the Russell 2000®Index as measured from the trade date (expected to be June 26, 2026) to and including the determination date (expected to be June 26, 2029). If the final index level on the determination date isgreater thanthe initial index level (set on the trade date and will bean intra-day level or the closing level of the index on the trade date), the return on your notes will be positive and willequal 1.5timesthe indexreturn, subject to the maximum settlement amount of $1,315 for each $1,000 face amount of If the final index level isequal toorless thanthe initial index level, for each $1,000 face amount of your notes you willreceive thegreater of(i) the minimum settlement amount of $950 and (ii) $1,000plustheproductof $1,000timestheindex return.If the final index level isless thanthe initial index level, you will receive less than the face amountof your notes. To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decreasein the final index level from the initial index level. At maturity, for each $1,000 face amount of your notes, you willreceive an amount in cash equal to: ●if the index return ispositive(the final index level isgreater thanthe initial index level), thesumof (i) $1,000plus(ii)theproductof (a) $1,000times(b) 1.5times(c) the index return, subject to the maximum settlement amount; or●if the index return iszeroornegative(the final index level isequal toorless thanthe initial index level), thegreaterof(i) the minimum settlement amount and (ii) thesumof (a) $1,000plus(b) theproductof (1) $1,000times(2) theindex return. You should read the disclosure herein to better understand the terms and risks of your investment, includingthe 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 expected to bebetween $925 and $955 per $1,000 face amount. For a discussion of the estimated value and the price at whichGoldman Sachs & Co. LLC would initially buy or sell your notes, if it makes a market in the notes, see the following Original issue date: expected to be July 1, 2026 Underwriting discount:% of the face amount* * The original issue price will be% for certain investors; see “Supplemental Plan of Distribution; Conflicts of Interest”on page PS-19for additional information regarding the fees comprising the underwriting discount. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapprovedof these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to thecontrary is a criminal offense. The notes are not bank deposits and are not insured by the Federal DepositInsurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. We may decideto sell additional notes after the date of this pricing supplement, at issue prices and with underwriting discounts and netproceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investment in GS Finance Corp. may use this prospectus in the initial sale of the notes. In addition, Goldman Sachs & Co. LLC or anyother 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 Estimated Value of Your Notes The estimated value of yournotes at the time the terms of your notes are set on the trade date (as determined byreference to pricing models used by Goldman Sachs & Co. LLC (GS&Co.) and taking into account our credit spreads)is expected to be between $925 and $955 per $1,000 face amount, which is less than the original issue price. Thevalue of your notes at any time will reflect many factors and cannot be predicted; however, the price (not including Prior to, the price (not including GS&Co.’s customary bid and ask spreads) at which GS&Co. would buy or sellyour notes (if it makes a market, which it is not obligated to do) will equal approximately the sum of (a) the then-currentestimated value of your notes (as determined by reference to GS&Co.’s pricing models) plus (b) any remainingaddi