高盛美股招股说明书(2026-08-03版)

The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectussupplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is notpermitted. Subject to Completion. Dated July 30, 2026.GS Finance Corp. $ Autocallable Contingent Coupon Equity-Linked Notes due guaranteed byThe Goldman Sachs Group, Inc. If the closing price ofany of the common stock of Broadcom Inc., the common stock of Texas InstrumentsIncorporated or a common share of Celestica Inc. on any observation date isless than50% of its initial price, you willnot receive a coupon on the applicable payment date.The amount that you will be paid on your notes is based on theperformances of the index stocks. The notes will mature on the stated maturity date (expected to be August 14, 2029), unlessautomatically called on any observation date, commencing in August 2027 to and including July 2029. Your notes will beautomatically called if the closing price of each index stock on any such observation date isgreater thanorequal toits initialprice (set on the trade date (expected to be August 7, 2026) and will be an intra-day price or the closing price of one share ofsuch index stock on the trade date). If your notes are automatically called, you will receive a payment on the next payment date(the fifth business day after the relevant observation date) equal to the face amount of your notesplusa coupon (as describedbelow).Observation dates are expected to be the 7th day of each month, commencing in September 2026 and ending in August 2029. If on any observation date the closing price of each index stock isgreater thanorequalto 50% of its initial price, you will receiveon the applicable payment date a coupon for each $1,000 face amount of your notes equal to (i) theproductof $19.167(1.9167% monthly, or the potential for up to approximately 23% per annum)timesthe number of observation dates that haveoccurred up to and including the relevant observation dateminus(ii) thesumof all coupons previously paid, if any.If your notes have not been automatically called, your payment on the stated maturity date will depend on whether a trigger event has occurred. A trigger event will occur if the closing price of all of the index stocks are less than their respective initialprice on the determination date (the final observation date, expected to be August 7, 2029).If atrigger event has notoccurred, at maturity you will receive the face amount of your notes.Accordingly, if the closing price of any index stock on the determination date (its final price) is greater than its initial price, you will receive theface amount of your notes, regardless of the performance of the other index stocks.In addition, if the closing price ofeach index stock on the determination date isgreater thanorequal to50% of its initial price, you will also receive the finalcoupon.If atrigger event hasoccurred, at maturity you will receive an amount based on the performance of the index stock with the lowest index stock return (the percentage increase or decrease in the closing price of such index stock on the determinationdate from its initial price).This amount will not exceed the face amount of your notes and could be significantly less than the face amount of your notes.If the closing price of each index stock on the determination date isgreater thanorequal to50% of its initial price, you will also receive the final coupon.At maturity, for each $1,000 face amount of your notes, you will receive an amount in cash equal to: •if atrigger event hasnot occurred, $1,000, plus the final coupon if the final price of each index stock isgreater thanorequal to50% of its initial price; or•if atrigger event hasoccurred, either:oif the final price of each index stock isgreater than or equal to50% of its initial price, $1,000 plus a coupon calculatedas described above; oroif the final price ofany index stock isless than50% of its initial price, thesumof (i) $1,000plus(ii) theproductof (a) thelesser performing index stock returntimes(b)$1,000.You will receiveless than50% of the face amount of yournotes and no coupon.You should read the disclosure herein to better understand the terms and risks of your investment, including the credit The estimated value of yournotes at the time the terms of your notes are set on the trade date is expected to be between $925and $955 per $1,000 face amount. For a discussion of the estimated value and the price at which Goldman Sachs & Co. LLCwould initially buy or sell your notes, if it makes a market in the notes, see the following page.Original issue date:expected to be August 14, 2026Original issue price:100% of the face amount * See “Supplemental Plan of Distribution” on page S-41 for additional information regarding the fees comprising the underwritingNeither the Securities and Exchange Commission nor any other regulatory body has approved or d