8-KExhibits & Filings

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

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

Summary

This Form 8-K filing by The Goldman Sachs Group, Inc. (GS) on November 4, 2011, primarily reports on the issuance of new debt securities. Specifically, the company announced the issuance of $6,618,000 in Commodity-Linked Notes due in 2012, which are linked to the price of gold. This issuance was conducted under the company's existing automatic shelf registration statement on Form S-3. For investors, this filing indicates ongoing capital markets activity and debt issuance by Goldman Sachs. The specific nature of the notes, being commodity-linked, suggests a strategy to potentially hedge against or gain exposure to commodity price fluctuations, in this case, gold. While the amount is relatively small in the context of Goldman Sachs' overall balance sheet, it demonstrates the company's ability to access diverse funding sources and cater to specific investor interests in structured products.

Key Highlights

  • 1Goldman Sachs Group, Inc. issued $6,618,000 in Commodity-Linked Notes due 2012.
  • 2The notes are directly linked to the price performance of gold.
  • 3The debt issuance occurred on November 4, 2011.
  • 4The issuance was made under the company's existing automatic shelf registration statement on Form S-3 (File No. 333-176914).
  • 5The filing includes supporting legal documentation, such as an opinion and consent from Sullivan & Cromwell LLP.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of new debt securities by The Goldman Sachs Group, Inc. and to provide the related legal documentation as exhibits.

Goldman Sachs issued $6,618,000 of Commodity-Linked Notes due in 2012. These notes are structured so their return is dependent on the price of gold.

The notes were issued pursuant to Goldman Sachs' automatic shelf registration statement on Form S-3, which was filed previously (File No. 333-176914).

Commodity-linked notes mean the principal or interest payments, or both, are tied to the performance of a specific commodity, in this case, gold. This structure offers investors exposure to gold price movements, and for the issuer, it can be a way to manage commodity price risk or tap into investor demand for such products.