Goldman Sachs launches offering of new Series AA preferred depositary shares
Goldman Sachs announced a proposed public offering of depositary shares representing interests in a new series of fixed-rate reset preferred stock. The company says it may use part of the proceeds to redeem all of its outstanding 3.65% Series U preferred stock, but pricing has not occurred and there is no assurance the offering will close or that any redemption will happen.
Key points
- Offering of depositary shares, each representing 1/25th interest in a share of new Series AA Fixed-Rate Reset Non-Cumulative Preferred Stock
- Proceeds may be used to redeem all outstanding 3.65% Series U preferred stock, $25,000 liquidation preference per share
- Offering is subject to pricing and market conditions; described in preliminary prospectus supplement dated July 20, 2026
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.