Goldman Sachs launches proposed public offering of Series AA preferred depositary shares
GS•Proposed preferred depositary share offering
Goldman Sachs launched a proposed public offering of depositary shares tied to its new Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
Pricing has not occurred.
Net proceeds, if the deal prices and closes, may fund redemption of all outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U.
Redemption remains conditional on market conditions and a final decision; no redemption notice has been issued.
