8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jun 16, 2011)

Filed June 16, 2011For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing from The Goldman Sachs Group, Inc., dated June 16, 2011, primarily serves to report the issuance of various debt securities under the company's automatic shelf registration statement. The filing details the aggregate principal amounts and maturities of several note series, including leveraged equity index-linked notes, CMS spread notes, callable range accrual notes, and fixed-rate notes. This issuance demonstrates Goldman Sachs' ongoing engagement in capital markets activities to fund its operations and potentially capitalize on market conditions for debt issuance. For investors, this filing signifies a capital raising event for Goldman Sachs. The specific types of notes issued suggest a strategy to diversify funding sources and potentially cater to different investor appetites for risk and return, including structured products linked to equity indices and interest rates. The presence of legal opinions from Sullivan & Cromwell LLP as exhibits provides assurance regarding the legality and validity of these debt offerings.

Key Highlights

  • 1Goldman Sachs issued multiple series of debt securities on June 16, 2011.
  • 2The issuance was conducted under the company's automatic shelf registration statement on Form S-3.
  • 3The total value of the reported debt issuances exceeds $50 million across various tranches.
  • 4The debt offerings include structured notes like Threshold Leveraged Equity Index-Linked Notes and CMS Spread Notes, indicating diversification in funding instruments.
  • 5Fixed-rate notes with maturities ranging from 2024 to 2040 were also part of the issuance.
  • 6Legal opinions and consents from Sullivan & Cromwell LLP are filed as exhibits, supporting the validity of these debt offerings.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of several series of debt securities by The Goldman Sachs Group, Inc. on June 16, 2011, as required by SEC regulations.

The company issued a variety of debt securities including $3 million in Threshold Leveraged Equity Index-Linked Notes, $5.25 million in 15-Year CMS Spread Notes, $5 million in 15-Year Callable Quarterly Range Accrual Notes, and several fixed-rate notes with varying amounts and maturities ($21.129M due 2024, $6.311M due 2032, and $16.986M due 2040).

The total principal amount of the disclosed debt issuances is approximately $57.676 million, which is a material amount and indicates active capital markets engagement by Goldman Sachs.

The exhibits include legal opinions and consents from Sullivan & Cromwell LLP, which provide assurance to investors and the SEC regarding the legality, validity, and due authorization of the debt securities being issued.