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Published on 4/19/2021 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Goldman Sachs plans to redeem series N preferred stock

Chicago, April 19 – Goldman Sachs Group Inc. announced the potential upcoming redemption of all of its outstanding 6.3% series N non-cumulative preferred stock (NYSE: GSPrN), according to an 8-K filing with the Securities and Exchange Commission on Monday.

The company will redeem the preferreds with the proceeds from a new offering of series T fixed-rate reset non-cumulative preferred stock.

Should the new offering be successful, the bank will issue a notice of redemption.

Goldman Sachs Group is a New York-based banking, securities and investment management company.


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