8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jul 1, 2011)

Filed July 1, 2011For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing from Goldman Sachs Group, Inc. (GS) on July 1, 2011, primarily serves to report the issuance of new debt securities. Specifically, the company issued $1.3 billion in Leveraged Index-Linked Notes due in 2012, which are linked to the performance of the S&P 500® Index. This issuance was conducted under the company's existing automatic shelf registration statement on Form S-3, indicating ongoing capital raising activities. For investors, this filing highlights Goldman Sachs' proactive capital management and its ability to access debt markets. The nature of the notes being index-linked suggests a strategy to potentially offer investors structured products with specific risk-return profiles tied to market performance. Investors should consider the implications of this new debt on the company's leverage and financial obligations, as well as the specific terms and risks associated with these index-linked notes.

Key Highlights

  • 1Goldman Sachs Group, Inc. issued $1.3 billion in Leveraged Index-Linked Notes due in 2012.
  • 2The notes are linked to the S&P 500® Index, indicating a structured product offering.
  • 3The debt issuance occurred on July 1, 2011.
  • 4The issuance was made under an existing automatic shelf registration statement on Form S-3.
  • 5The filing includes exhibits such as the opinion and consent of Sullivan & Cromwell LLP.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of $1.3 billion in Leveraged Index-Linked Notes due in 2012 by The Goldman Sachs Group, Inc. It formally announces this debt security offering to the market.

Leveraged Index-Linked Notes are debt securities whose returns are linked to the performance of an underlying index, in this case, the S&P 500® Index. The term 'leveraged' suggests that the return on the notes may be amplified, meaning both potential gains and losses could be magnified compared to a direct investment in the index.

The debt was issued pursuant to Goldman Sachs' automatic shelf registration statement on Form S-3 (File No. 333-154173), which allows well-known seasoned issuers to register securities for future sale without extensive pre-filing review.

The Leveraged Index-Linked Notes issued have a maturity date in 2012.