Goldman Sachs creates 6.850% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series Z

GOLDMAN SACHS GROUP INC

On Jan 21, 2025, filed Certificate of Designations for Series Z Preferred Stock, liquidation preference $25,000 per share.
Series Z carries a 6.850% Fixed-Rate Reset rate, non-cumulative.
If Goldman fails to pay Series Z dividends, it cannot declare dividends on or repurchase common stock.
Depositary shares representing interests in Series Z offered under existing Form S-3 registration (File No. 333-269296).

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 Z Preferred Stock (effective 2025-01-21).

Change: charter amendment
Effective: 2025-01-21

Exact text from the filing

On January 21, 2025, 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 6.850% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series Z

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13 governance changes filed in the last 30 days. Browse all governance changes →

GOLDMAN SACHS GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-25-012226

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