Goldman Sachs launches proposed public offering of Series AA preferred depositary shares

Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc.

GS

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  • Goldman Sachs launched a proposed public offering of depositary shares tied to its new Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
  • Pricing has not occurred.
  • Net proceeds, if the deal prices and closes, may fund redemption of all outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U.
  • Redemption remains conditional on market conditions and a final decision; no redemption notice has been issued.


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