Goldman Sachs creates new Series X preferred stock with 7.50% fixed-rate reset

GOLDMAN SACHS GROUP INC

Filed Certificate of Designations for 7.50% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series X, liquidation preference $25,000 per share.
If preferred dividends not paid, common stock dividends and buybacks will be restricted.
Depositary shares representing interests in Series X preferred stock offered under existing shelf registration.
No offering size or proceeds amount disclosed in the filing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GOLDMAN SACHS GROUP INC: Filed Certificate of Designations establishing terms of Series X Preferred Stock, amending the Restated Certificate of Incorporation (effective 2024-04-18).

Change: charter amendment
Effective: 2024-04-18

Exact text from the filing

On April 18, 2024, the Registrant filed a Certificate of Designations to its Restated Certificate of Incorporation with the Secretary of State of the State of Delaware setting forth the terms of its 7.50% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series X, liquidation preference $25,000 per share (the “Series X Preferred Stock”).

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Source: SEC EDGAR

accession 0001193125-24-107053

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