Goldman Sachs Group 6.375% Fixed to Floating Non Cumulative Preferred Stock

By: ,

Date of Issue 4/21/2014

Shares Sold  28,000,000 with 4,200,000 for overallotment

S&P Rating   BB+   Moodys Rating   Ba1


Security Ticker Symbol   GS-K    OTC Temp Ticker   GSSCL

Market Traded ON   NYSE

Dividend Payment Paid on the 10th of February, May, August and November beginning on 08/10/2014

Quarterly Dividend   .399  Annual Dividend   1.593 (Fixed Until 5/10/2024)

Floating Dividend Starting 5/10/2024  3 month Libor plus 3.55%

Securities may be redeemed, at the issuers option, as early as 05/10/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None



Company Investor Relations Page for Goldman Sachs

Below you can find the offering Prospectus and Final Pricing Document


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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