8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Oct 4, 2011)

Filed October 4, 2011For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing from Goldman Sachs Group, Inc. (GS) dated October 4, 2011, primarily announces the issuance of new debt securities. Specifically, the company issued $43,939,000 in Currency-Linked Notes due in 2014, which are linked to an equally weighted basket of exchange rates. This issuance was conducted under the company's existing automatic shelf registration statement on Form S-3. For investors, this filing signals Goldman Sachs' ongoing activity in debt capital markets to manage its funding and capital structure. The nature of the notes, being currency-linked, suggests a strategy to potentially hedge currency exposures or to offer investors a specific type of return linked to foreign exchange movements. The relatively small size of this specific issuance ($43.9 million) indicates it's part of a broader, ongoing funding program rather than a significant capital raise event on its own.

Key Highlights

  • 1Goldman Sachs Group, Inc. (GS) issued $43,939,000 in new debt securities on October 4, 2011.
  • 2The newly issued debt consists of Currency-Linked Notes due in 2014.
  • 3The notes are linked to an equally weighted basket of exchange rates.
  • 4The issuance was made under the company's automatic shelf registration statement on Form S-3 (File No. 333-176914).
  • 5The filing includes legal opinions and consents from Sullivan & Cromwell LLP as exhibits.
  • 6This debt issuance is part of Goldman Sachs' ongoing capital markets activities.

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., specifically $43,939,000 in Currency-Linked Notes due 2014.

Currency-Linked Notes are debt instruments where the return to the investor, and potentially the principal repayment, is linked to the performance of one or more currencies. In this case, the notes are tied to an equally weighted basket of exchange rates.

Goldman Sachs might issue currency-linked notes for several reasons, including managing its own currency exposures, diversifying its funding sources, or offering investors products that provide exposure to foreign exchange markets. The specific strategy depends on the company's overall financial objectives at the time.

While any debt issuance contributes to the company's capital structure, $43,939,000 is a relatively modest amount for a global financial institution like Goldman Sachs. This suggests it's likely part of a routine funding program rather than a major capital raising event.