NEW YORK, NY, April 16, 2024 - The Goldman Sachs Group, Inc. (NYSE: GS) has announced its plan to redeem all outstanding shares of its 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K ("Series K Preferred Stock") and the corresponding 28,000,000 depositary shares ("Depositary Shares") on May 17, 2024.

According to The Goldman Sachs Group, Inc., "The Depositary Shares will be redeemed for a redemption price equal to $25 per Depositary Share (equivalent to $25,000 per share of Series K Preferred Stock) plus an amount equal to any dividends that have accrued but not been paid for the then-current dividend period to but excluding the Redemption Date attributable to 1/1000th of a share of Series K Preferred Stock (together, the 'Redemption Payment')."

Investors holding the Depositary Shares have been advised to "contact the bank or broker through which they hold a beneficial interest in the Depositary Shares for information about obtaining the Redemption Payment for the Depositary Shares in which they have a beneficial interest."

The Goldman Sachs Group, Inc. is a renowned global financial institution providing a wide range of financial services to a diverse client base including corporations, financial institutions, governments, and individuals. Established in 1869, the firm is headquartered in New York and operates in major financial centers worldwide.

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