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Goldman Sachs Group Inc | Floating Rate Non-Cumulative Preferred Stock, Series C (GS.PRC)
Prospectus excerpt: Each of the 8,000,000 depositary shares offered hereby represents a 1/1,000th ownership interest in a share of perpetual Floating Rate Non-Cumulative Preferred Stock, Series C (ÙSeries C Preferred Stockˆ), $25,000 liquidation preference per share, of The Goldman Sachs Group, Inc., deposited with JPMorgan Chase Bank, N.A., as depositary. The depositary shares are evidenced by depositary receipts. As a holder of depositary shares, you are entitled to all proportional rights and preferences of the Series C Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. Holders of Series C Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors or a duly authorized committee of the board. Any such dividends will be payable from the date of original issue on a non-cumulative basis, quarterly in arrears on the 10th day of February, May, August and November of each year, commencing on February 10, 2006, at a rate per annum equal to the greater of (1) 0.75% above LIBOR on the related LIBOR determination date or (2) 4.00%. In the event dividends are not declared on Series C Preferred Stock for payment on any dividend payment date, then those dividends will not be cumulative and will cease to accrue and be payable. If we have not declared a dividend before the dividend payment date for any dividend period, we will have no obligation to pay dividends accrued for that dividend period, whether or not dividends on the Series C Preferred Stock are declared for any future dividend period. The Series C Preferred Stock is not redeemable prior to October 31, 2010. On and after that date, the Series C Preferred Stock will be redeemable at our option, in whole or in part, at a redemption price of $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends. The Series C Preferred Stock will not have voting rights, except as set forth under ÙDescription of Series C Preferred Stock ? Voting Rightsˆ on page S-16. Full Prospectus PDF », Secondary Prospectus PDF », GS Page »
Series: | C | Alternate symbology: | GS-C, GS-PC, GSprC | Redeemable?: | Yes | Call Date: | 10/31/2010 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 8,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $22.90 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-2.10 (-8.40%) | Annualized Dividend: | 1.54316 | Recent Ex-Date: | 4/24/2024 | Current Yield: | 6.74% | Original Coupon: | Greater of 0.75% above LIBOR on the related LIBOR determination date or 4.00%. | Pay Period: | Quarterly | Pay Dates: | 10-Feb, 10-May, 10-Aug, 10-Nov | CDx3 Compliance Rating: |
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Goldman Sachs Group is a bank holding company and financial holding company. Co. operates in four business segments: Investment Banking, which is engaged in financial advisory, underwriting and corporate lending activities; Global Markets, which consists of Fixed Income, Currency and Commodities and Equities, and engaged in intermediation and financing activities; Asset Management, which is engaged in the management, equity investments, lending and debt investments; and Consumer and Wealth Management, which consists of Wealth management and Consumer banking, and engaged in the management and other fees, incentive fees, private banking and lending, and consumer-oriented activities. Preferreds: JBK, PYT, GS.PRA, GS.PRB, GS.PRC, GS.PRD, GS.PRI, GS.PRJ, GS.PRK, GS.PRN Open the GS Information Page »
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