01—Abstract
Summary
Summary of the 8-K filed July 20, 2026. Cited figures are marked; the original filing is the authoritative source.
Goldman Sachs Group, Inc. (GS) has announced a proposed public offering of new Series AA Fixed-Rate Reset Non-Cumulative Preferred Stock.
This offering, structured as depositary shares, is designed to raise capital, with a significant portion of the net proceeds earmarked for the redemption of its outstanding Series U Fixed-Rate Reset Non-Cumulative Preferred Stock. The redemption of the Series U Preferred Stock is contingent upon the successful pricing and closing of the new offering, which is subject to prevailing market conditions and other factors. Investors should note that the offering and potential redemption are not guaranteed.
The company has filed a preliminary prospectus supplement detailing the offering, but this filing does not constitute a notice of redemption for the Series U Preferred Stock, nor an offer to sell the new securities. The decision to redeem and the exact terms will be communicated via press release and formal redemption notice if and when they are finalized.
02—Key points
Key Highlights
- Goldman Sachs announces a proposed public offering of new Series AA Fixed-Rate Reset Non-Cumulative Preferred Stock.
- A portion of the net proceeds from the new offering is intended for the redemption of outstanding Series U Fixed-Rate Reset Non-Cumulative Preferred Stock.
- The redemption of Series U Preferred Stock is contingent upon the successful pricing and closing of the new Series AA Preferred Stock offering.
- The offering and potential redemption are subject to market conditions and other factors, with no assurance of completion.
- A preliminary prospectus supplement for the offering has been filed with the SEC.
- This 8-K filing does not constitute a notice of redemption for the Series U Preferred Stock.
- The company will announce any decision to redeem Series U Preferred Stock via press release and formal notice.
03—Questions
Frequently Asked Questions
What is the main event being announced by Goldman Sachs in this filing?
Goldman Sachs announced a proposed public offering of its new Series AA Fixed-Rate Reset Non-Cumulative Preferred Stock. A key intention behind this offering is to use a portion of the proceeds to redeem its existing Series U Fixed-Rate Reset Non-Cumulative Preferred Stock.
Will the Series U Preferred Stock definitely be redeemed?
No, the redemption of the Series U Preferred Stock is not guaranteed. It is contingent on the successful pricing and closing of the proposed Series AA Preferred Stock offering, which depends on market conditions and other factors. There is no assurance that either the offering or the redemption will occur.
Where can I find more details about the proposed offering of Series AA Preferred Stock?
A preliminary prospectus supplement detailing the offering was filed with the Securities and Exchange Commission on July 20, 2026. This document should provide further information regarding the terms and conditions of the offering.
Does this filing mean my Series U Preferred Stock is being redeemed?
No, this filing is an announcement of a proposed offering and its intended use of proceeds. It is not a formal notice of redemption for the Series U Preferred Stock. If Goldman Sachs decides to redeem the Series U Preferred Stock, they will issue a press release and a formal notice of redemption.
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