8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jun 22, 2011)

Filed June 22, 2011For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing by The Goldman Sachs Group, Inc. (GS) on June 22, 2011, primarily reports on the issuance of various debt securities on June 22, 2011, under its automatic shelf registration statement. The issuance includes a mix of fixed and floating rate notes with maturities ranging from 2013 to 2041, as well as several note series linked to specific market indices (EURO STOXX 50, FTSE 100, TOPIX, and S&P 500). The aggregate principal amounts for these issuances are detailed, indicating substantial new debt financing. For investors, this filing signals Goldman Sachs' ongoing activity in capital markets and its strategy to raise funds through diverse debt instruments. The inclusion of indexed-linked notes suggests an approach to cater to specific investor appetites for market-linked returns. While the filing does not disclose the use of proceeds, the issuance itself is a standard operational event for a large financial institution seeking to manage its balance sheet and fund its various business activities. Investors should note the specific terms and maturities of the issued notes, which would be detailed in accompanying prospectus supplements not included in this 8-K.

Key Highlights

  • 1Goldman Sachs Group, Inc. issued multiple series of debt securities on June 22, 2011.
  • 2The issuances were conducted under the company's automatic shelf registration statement on Form S-3.
  • 3The debt securities include Fixed and Floating Rate Notes due 2013 with a principal amount of $25,000,000.
  • 4Several notes are linked to market indices, including Leveraged Buffered Basket-Linked Notes (EURO STOXX 50, FTSE 100, TOPIX) due 2012 and Leveraged Index-Linked Notes (S&P 500) due 2012.
  • 5Other issued debt includes 5.10% Notes due 2024 ($23,037,000), 5.50% Notes due 2033 ($7,567,000), 5.75% Notes due 2041 ($19,223,000), and Callable Step-Up Fixed Rate Notes due 2018 ($26,000,000).
  • 6The filing also includes legal opinions and consents from Sullivan & Cromwell LLP as exhibits.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of various debt securities by The Goldman Sachs Group, Inc. on June 22, 2011. These issuances were made under the company's existing shelf registration statement.

Goldman Sachs issued several types of debt securities, including $25,000,000 in Fixed and Floating Rate Notes due 2013, various index-linked notes (Leveraged Buffered Basket-Linked Notes and Leveraged Index-Linked Notes) due in 2012, and several fixed-rate notes with longer maturities (due 2024, 2033, 2041) and a callable step-up note due 2018.

No, this 8-K filing does not detail the specific use of proceeds from the debt issuances. It serves to formally report that the debt was issued under the established registration statement.

These are structured debt products where the return is linked to the performance of specific market indices or baskets of indices (e.g., EURO STOXX 50, FTSE 100, TOPIX, S&P 500). The 'leveraged' aspect suggests potential for amplified gains (or losses), and 'buffered' implies some level of protection against initial losses up to a certain point, though the exact terms would be in the accompanying prospectus supplement.