高盛美股招股说明书(2026-06-23版)

The information in this preliminary prospectus supplement is not complete and may be changed. This preliminaryprospectus supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the Subject to Completion. June 22, 2026.GS Finance Corp. $ Autocallable Contingent Coupon Equity-Linked Notes dueguaranteed byThe Goldman Sachs Group, Inc. If the closing price ofany of an American depositary share of Taiwan Semiconductor Manufacturing CompanyLimited, representing five common shares of Taiwan Semiconductor Manufacturing Company Limited, thecommon stock of Oracle Corporation or the Class C common stock of Dell Technologies Inc. on anyobservation date isless than80% of its initial price, you will not receive a coupon on the applicable paymentdate.The amount that you will be paid on your notes is based on the performances of the index stocks. The notes willmature on the stated maturity date (expected to be July 1, 2031), unless automatically called on any observation date Observation dates are expected to be the 26th day of each month, commencing in July 2026 and ending in June 2031. Ifon any observation date the closing price of each index stock isgreater thanorequalto 80% of its initial price, you willreceive on the applicable payment date a coupon for each $1,000 face amount of your notes equal to (i) theproductof$6.667 (0.6667% monthly, or up to approximately 8% per annum)timesthe number of observation dates that have 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 S-19.The estimated value of yournotes at the time the terms of your notes are set on the trade date is expected to be between $885 and $925 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 followingpage. 100% of the face amount*% of the face amount Original issue date:Underwriting discount: expected to be June 30, 2026% of the face amount* * The original issue price will be% for certain investors; see “Supplemental Plan of Distribution” on page S-36foradditional 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 bank. Goldman Sachs & Co. LLC , 2026. Prospectus Supplement No. 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 prospectus supplement, at issue prices and with underwriting discounts andnet proceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investmentin 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 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 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 byreference to pricing models used by Goldman Sachs & Co. LLC (GS&Co.) and taking into account our credit spreads)is expected to be between $885 and $925 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 includingGS&Co.’s customary bid and ask spreads) at which GS&Co. would initially buy or sell notes (if it makes a market, 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-current estimated value of your notes (as determined by reference to GS&Co.’s pricing models) plus (b) anyremaining additional amount (the additional amount will decline to zero on a straight-line basis from the time of pricingthrough). On and after, the price (not including GS&Co.’s customary bid and ask spreads) at which About Your Prospectus The notes are part of the Medium-Term Notes, Series F program of GS Finance Corp. and are fully andunconditionally guaranteed by The Go