Goldman Sachs (NYSE: GS) mulls new Series AA preferred and possible Series U redemption
Rhea-AI Filing Summary
The Goldman Sachs Group, Inc. announced a proposed public offering of depositary shares, each representing a 1/25th interest in a new series of Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA. The offering has not yet been priced and is subject to market conditions and other considerations.
If the offering is priced and closes, Goldman Sachs currently intends to use a portion of the net proceeds to redeem all outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, which has a $25,000 liquidation preference per share. No decision to redeem has been made and no notice of redemption has been issued. The proposed offering is described in a preliminary prospectus supplement dated July 20, 2026.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Depositary share interest: 1/25th interest per depositary share
Series U dividend rate: 3.65%
Series U liquidation preference: $25,000 per share
+1 more
4 metrics
Depositary share interest
1/25th interest per depositary share
Each depositary share represents a 1/25th interest in a share of Series AA preferred stock
Series U dividend rate
3.65%
Series U Fixed-Rate Reset Non-Cumulative Preferred Stock dividend rate referenced in potential redemption
Series U liquidation preference
$25,000 per share
Liquidation preference per share of Series U preferred stock that may be redeemed
Prospectus supplement date
July 20, 2026
Date of the preliminary prospectus supplement describing the proposed offering
Key Terms
Depositary Shares, Fixed-Rate Reset Non-Cumulative Preferred Stock, liquidation preference, preliminary prospectus supplement, +1 more
5 terms
Fixed-Rate Reset Non-Cumulative Preferred Stock financial
"new series of Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA"
liquidation preference financial
"Series U Preferred Stock, $25,000 liquidation preference per share"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
preliminary prospectus supplement regulatory
"The Offering is described in the Company’s preliminary prospectus supplement dated July 20, 2026"
A preliminary prospectus supplement is an initial document that provides important details about a new stock or bond offering before it is finalized. It helps investors understand what is being sold and why, so they can decide whether to invest. Think of it as a preview before the full sales brochure is ready.
forward-looking statements regulatory
"contains “forward-looking statements” within the meaning of the safe harbor provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Goldman Sachs (GS) announce regarding a new securities offering?
Goldman Sachs announced a proposed public offering of depositary shares, each representing a 1/25th interest in a new series of Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA. The transaction is not yet priced and remains subject to market conditions and other considerations.
How might the proposed Series AA offering affect Goldman Sachs (GS) Series U preferred stock?
If the Series AA offering is priced and closes, Goldman Sachs currently intends to use a portion of the net proceeds to redeem all outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, which carries a $25,000 liquidation preference per share.
Is the redemption of Goldman Sachs (GS) 3.65% Series U preferred stock already approved?
No. Goldman Sachs states there is no assurance the offering will price and close or that it will decide to redeem the Series U preferred stock, and it emphasizes that no notice of redemption has been issued at this time.
What are the key features of the new Series AA preferred stock for Goldman Sachs (GS)?
The new Series AA preferred stock is described as Fixed-Rate Reset Non-Cumulative Preferred Stock, and investors will purchase depositary shares, each representing a 1/25th interest in a share of this preferred series, according to the company’s description.
Where can investors in GS find more details on the proposed Series AA offering?
Further details are provided in a preliminary prospectus supplement dated July 20, 2026, which describes the proposed offering of depositary shares representing interests in the Series AA preferred stock and discusses the potential use of proceeds.