8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Oct 17, 2011)

Filed October 17, 2011For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing from Goldman Sachs Group, Inc. (GS) on October 17, 2011, primarily serves to report on the issuance of new debt securities. Specifically, the company announced the issuance of $18,252,000 in Commodity-Linked Notes due 2012, which are tied to the price of gold. This issuance occurred under the company's automatic shelf registration statement on Form S-3, indicating ongoing access to capital markets. For investors, this filing highlights Goldman Sachs' continued ability to raise funds through debt offerings, diversifying its funding sources. The commodity-linked nature of these notes suggests an active strategy in structured products or a method to manage exposure to specific market assets. While the principal amount is relatively small in the context of Goldman Sachs' overall balance sheet, it signals ongoing financial operations and market engagement.

Key Highlights

  • 1Goldman Sachs issued $18,252,000 in Commodity-Linked Notes due 2012.
  • 2The notes are linked to the price of gold.
  • 3The issuance took place on October 17, 2011.
  • 4The debt was issued under the company's Form S-3 automatic shelf registration statement (File No. 333-176914).
  • 5The filing includes legal opinions and consents from Sullivan & Cromwell LLP regarding the issuance.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the issuance of new debt securities by Goldman Sachs Group, Inc., specifically $18,252,000 in Commodity-Linked Notes due 2012.

These notes are a form of debt where the return or principal repayment is linked to the performance of an underlying commodity, in this case, gold. For investors, this suggests Goldman Sachs is either hedging against gold price fluctuations, engaging in structured finance products, or raising capital in a way tied to commodity markets.

While this filing indicates ongoing debt issuance, the principal amount of $18,252,000 is relatively modest compared to Goldman Sachs' overall balance sheet. It primarily signals the company's continued access to and utilization of capital markets for its funding needs.

A shelf registration statement allows a company to register securities it plans to issue over time in one go, making future issuances quicker and more efficient. For investors, it signifies that Goldman Sachs has pre-approved offerings available, enabling them to access capital markets promptly when needed.