event The Goldman Sachs Group, Inc. enters into a receivership, insolvency, liquidation or similar proceeding. In addition, we will generally be able to pay dividends and distributions upon
liquidation, dissolution or winding-up only out of lawfully available funds for such payment (i.e., after taking account of all indebtedness and other non-equity
claims). The Series V Preferred Stock will be fully paid and nonassessable when issued, which means that its holders will have paid their purchase price in full and that we may not ask them to surrender additional funds. Holders of Series V
Preferred Stock will not have preemptive or subscription rights to acquire more stock of The Goldman Sachs Group, Inc.
The Series V Preferred Stock
will not be convertible into, or exchangeable for, shares of any other class or series of stock or other securities of The Goldman Sachs Group, Inc. The Series V Preferred Stock has no stated maturity and will not be subject to any sinking fund or
other obligation of The Goldman Sachs Group, Inc. to redeem or repurchase the Series V Preferred Stock. The Series V Preferred Stock represents non-withdrawable capital, is not a bank deposit and is not
insured by the FDIC or any other governmental agency, nor is it the obligation of, or guaranteed by, a bank.
As of June 30, 2021, we have
29,999,400 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series A Preferred Stock, with an aggregate liquidation preference of $749,985,000, 8,000,000 depositary shares, each representing a 1/1,000th ownership
interest in a share of our Series C Preferred Stock, with an aggregate liquidation preference of $200,000,000, 53,999,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series D Preferred Stock, with an
aggregate liquidation preference of $1,349,975,000, 7,667 shares of our Series E Preferred Stock, with an aggregate liquidation preference of $766,748,000, 1,615 shares of our Series F Preferred Stock, with an aggregate liquidation preference of
$161,504,000, 40,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series J Preferred Stock, with an aggregate liquidation preference of $1,000,000,000, 28,000,000 depositary shares, each representing a
1/1,000th ownership interest in a share of our Series K Preferred Stock, with an aggregate liquidation preference of $700,000,000, 650,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series O Preferred Stock,
with an aggregate liquidation preference of $650,000,000, 1,500,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series P Preferred Stock, with an aggregate liquidation preference of $1,500,000,000, 500,000
depositary shares, each representing a 1/25th ownership interest in a share of our Series Q Preferred Stock, with an aggregate liquidation preference of $500,000,000, 600,000 depositary shares, each representing 1/25th ownership interest in a share
of our Series R Preferred Stock, with an aggregate liquidation preference of $600,000,000, 350,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series S Preferred Stock, with an aggregate liquidation preference
of $350,000,000 and 675,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series T Preferred Stock, with an aggregate liquidation preference of $675,000,000, issued and outstanding. On July 21, 2021 we
issued 750,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series U Preferred Stock with an aggregate liquidation preference of $750,000,000.
The Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series J Preferred
Stock, Series K Preferred Stock, Series O Preferred Stock, Series P Preferred Stock, Series Q Preferred Stock, Series R Preferred Stock, Series S Preferred Stock, Series T Preferred Stock and Series U Preferred Stock rank equally with the
Series V Preferred Stock as to dividends and distributions on liquidation and include the same provisions with respect to restrictions on declaration and payment of dividends and voting rights as apply to the Series V Preferred Stock.
Holders of Series A Preferred Stock are entitled to receive quarterly dividends when, as and if declared by our board of directors (or a duly authorized
committee of the board), at a rate per annum equal to the greater of (1) 0.75% above LIBOR on the related LIBOR determination date and (2) 3.75%. Holders of Series C Preferred Stock are entitled to receive quarterly dividends when, as and if
declared by our board of directors (or a duly authorized committee of the board), at a rate per annum equal to the greater of (1) 0.75% above LIBOR on the related LIBOR determination date and (2)
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