8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jan 6, 2012)

Filed January 6, 2012For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This Form 8-K filing by The Goldman Sachs Group, Inc. (GS) on January 5, 2012, announces the issuance of new debt securities. Specifically, the company issued $15,000,000 in Commodity-Linked Notes due 2013, which are linked to the price of gold. This issuance was made under the company's automatic shelf registration statement on Form S-3, filed previously. For investors, this filing signals Goldman Sachs' continued access to capital markets and its strategy of diversifying its funding sources. The commodity-linked nature of these notes suggests an offering designed to attract a specific investor base interested in gold price exposure, potentially hedging against inflation or seeking returns tied to commodity performance. The relatively small principal amount indicates this is likely a targeted or structured finance offering rather than a broad-based debt issuance.

Key Highlights

  • 1Goldman Sachs Group, Inc. issued $15,000,000 in Commodity-Linked Notes.
  • 2The notes mature in 2013 and are linked to the price of gold.
  • 3The issuance occurred on January 5, 2012.
  • 4The debt was issued under the company's automatic shelf registration statement on Form S-3.
  • 5Key legal exhibits, including an opinion and consent from Sullivan & Cromwell LLP, are filed with this report.
  • 6This filing indicates continued access to debt capital markets for Goldman Sachs.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the issuance of $15,000,000 in Commodity-Linked Notes due 2013 by Goldman Sachs Group, Inc. and to file related documentation, such as legal opinions.

This means the return or principal repayment of these notes is tied to the performance of gold prices. Investors would receive a return based on how gold prices fluctuate, rather than a traditional fixed or floating interest rate.

A Form S-3 is a registration statement that allows well-known seasoned issuers, like Goldman Sachs, to register securities offerings quickly and efficiently. Mentioning it indicates that the company has a pre-established framework for issuing securities, streamlining the process.

A $15 million issuance is relatively small in the context of a global financial institution like Goldman Sachs. It suggests this was likely a specific, structured financing or a targeted offering rather than a large-scale debt raise.