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BRIEF-Goldman Sachs announces launch of proposed public offering
October 18, 2017 / 11:50 AM / 3 months ago

BRIEF-Goldman Sachs announces launch of proposed public offering

Oct 18 (Reuters) - Goldman Sachs:

* Goldman Sachs - ‍on October 18, co announced launch of a proposed public offering of depositary shares - SEC filing​

* Says offering ‍of depositary shares​ is subject to pricing, which has not yet occurred​

* Goldman Sachs - ‍each depositary share represents 1/25(th)interest in share of co’s new series of fixed-to-floating rate non-cumulative preferred stock, series P​

* Goldman Sachs - intends to use proceeds from offering to redeem 5.95% non-cumulative preferred stock, series I, $25,000 liquidation preference/share​ Source text: (bit.ly/2zxxTiR) Further company coverage:

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