Goldman Sachs Issues New Series AA Preferred Stock with Dividend Restrictions

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issued new 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA, with a liquidation preference of $25,000 per share. This issuance is subject to certain restrictions on the company's ability to pay dividends on its common stock if it fails to pay dividends on the Series AA Preferred Stock, as detailed in the Certificate of Designations. The terms of the Series AA Preferred Stock are set forth in the Certificate of Designations, which is filed as Exhibit 3.1 to this Report on Form 8-K.

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About Goldman Sachs Group Inc.

Goldman Sachs Group Inc. is a leading global investment banking, securities, and investment management firm. Its primary function is to provide a wide array of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Notable for its extensive involvement in merger and acquisition advisory, underwriting securities, asset management, and trading, Goldman Sachs plays a crucial role in the financial markets. The firm operates through four main business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. Each segment specializes in delivering tailored financial solutions and strategic advisory services. Founded in 1869 and headquartered in New York City, Goldman Sachs is renowned for its influence in international financial services, where it helps drive market trends and capital flows, impacting various industries worldwide. Its expertise and extensive network have made it a pivotal player in facilitating global capital movements and economic growth.