Goldman Sachs Prices Preferred Securities
Ticker: GSCE · Form: 8-K · Filed: Oct 15, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | 8-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, debt-issuance, capital-markets
Related Tickers: GS
TL;DR
GS priced new preferred stock, check the terms.
AI Summary
Goldman Sachs Group Inc. announced on October 15, 2024, the pricing of its 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities, Series M, issued by Goldman Sachs Capital II. The filing also includes information on various preferred stock series and medium-term notes.
Why It Matters
This filing details the terms of new preferred securities, which can impact the company's capital structure and investor returns.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate operational or financial distress.
Key Numbers
- 5.793% — Fixed Rate (Initial interest rate on the preferred securities)
Key Players & Entities
- GOLDMAN SACHS GROUP INC (company) — Filer
- Goldman Sachs Capital II (company) — Issuer of securities
- 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities, Series M (dollar_amount) — Specific security issuance
FAQ
What is the specific maturity date for the 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities?
The filing does not explicitly state the maturity date for these specific securities, but it does mention Series F Medium-Term Notes callable fixed and floating rate notes due March 2031.
What is the purpose of issuing these Preferred Enhanced Capital Securities?
The filing does not explicitly state the purpose, but such issuances are typically for capital raising and strengthening the company's balance sheet.
Are there any specific redemption or call provisions mentioned for the Series M securities?
The filing mentions 'Normal Automatic Preferred Enhanced Capital Securities' which implies certain automatic features, but specific call provisions for Series M are not detailed in this excerpt.
What are the different series of preferred stock mentioned in the filing?
The filing mentions Series A, Series C, Series D, and Series M Floating Rate Preferred Stock.
What is the ticker symbol for Goldman Sachs Group Inc.?
The filing does not explicitly state the ticker symbol, but it is commonly known as GS.
Filing Stats: 863 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2024-10-15 07:32:34
Filing Documents
- d824176d8k.htm (8-K) — 44KB
- d824176dex991.htm (EX-99.1) — 605KB
- d824176dex992.htm (EX-99.2) — 35KB
- g824176ex99_2p10g1.jpg (GRAPHIC) — 333KB
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- g824176ex99_2p8g1.jpg (GRAPHIC) — 359KB
- g824176ex99_2p9g1.jpg (GRAPHIC) — 314KB
- g824176g39y44.jpg (GRAPHIC) — 3KB
- 0001193125-24-237206.txt ( ) — 8479KB
- gs-20241015.xsd (EX-101.SCH) — 5KB
- gs-20241015_def.xml (EX-101.DEF) — 16KB
- gs-20241015_lab.xml (EX-101.LAB) — 28KB
- gs-20241015_pre.xml (EX-101.PRE) — 17KB
- d824176d8k_htm.xml (XML) — 15KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits SIGNATURE Exhibit 99.1: PRESS RELEASE Exhibit 99.2: PRESENTATION Table of Contents Item2.02 Results of Operations and Financial Condition. On October 15, 2024, The Goldman Sachs Group, Inc. (Group Inc. and, together with its consolidated subsidiaries, the firm) reported its earnings for the third quarter ended September 30, 2024. A copy of Group Inc.'s press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference. Item7.01 Regulation FD Disclosure. On October 15, 2024, at 9:30 a.m. (ET), the firm will hold a conference call to discuss the firm's financial results, outlook and related matters. A copy of the presentation for the conference call is attached as Exhibit 99.2 to this Report on Form 8-K. Item9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release of Group Inc. dated October 15, 2024 containing financial information for its third quarter ended September 30, 2024. The quotation on page 1 of Exhibit 99.1 and the information under the caption "Quarterly Highlights" on the following page (Excluded Sections) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (Exchange Act) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Group Inc. under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Sections, shall be deemed "filed" for purposes of the Exchange Act. 99.2 Presentation of Group Inc. dated October 15, 2024, for the conference call on October 15, 2024. Exhibit 99.2 is being furnished pursuant to Item 7.01 of Form 8-K and the information included therein shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be