Summary
Goldman Sachs Group, Inc. (GS) filed a Form 8-K on June 14, 2011, to report on the issuance of new debt securities. The filing details the terms of two specific note issuances made under the company's automatic shelf registration statement. These issuances represent a routine capital markets transaction aimed at raising funds and managing the company's debt structure.
Key Highlights
- 1Goldman Sachs issued new debt securities on June 14, 2011.
- 2The issuances were made under the company's automatic shelf registration statement on Form S-3.
- 3Two types of notes were issued: Leveraged Buffered Index-Linked Notes and Callable Step-Up Fixed Rate Notes.
- 4The $6,795,000 in Index-Linked Notes are due in 2013 and linked to the Russell 2000® Index.
- 5The $60,025,000 in Callable Step-Up Fixed Rate Notes are due in 2020.
- 6Legal opinions and consents from Sullivan & Cromwell LLP are included as exhibits.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the issuance of new debt securities by Goldman Sachs Group, Inc. and to include necessary legal documentation related to these issuances.
Goldman Sachs issued two types of debt securities: $6,795,000 in Leveraged Buffered Index-Linked Notes due 2013 (linked to the Russell 2000® Index) and $60,025,000 in Callable Step-Up Fixed Rate Notes due 2020.
These debt securities were issued pursuant to the company's automatic shelf registration statement on Form S-3, filed with the SEC.
The filing includes legal opinions and consents from Sullivan & Cromwell LLP, serving as counsel for the debt issuances.