Goldman Sachs launches proposed public offering of new Series AA preferred stock; may redeem Series U preferred

GOLDMAN SACHS GROUP INC

Proposed offering of depositary shares representing 1/25th interest in new Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
Intends to use net proceeds to redeem all outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U ($25,000 liquidation preference per share).
Offering subject to pricing and market conditions; no assurance of completion or redemption.
Preliminary prospectus supplement filed July 20, 2026; pricing not yet occurred.

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