8-KExhibits & Filings

GOLDMAN SACHS GROUP INC 8-K Report, Exhibit Filing (Jun 25, 2012)

Filed June 25, 2012For Securities:GSGS-PAGS-PCGS-PDGSCE

Summary

This 8-K filing by The Goldman Sachs Group, Inc. (GS) on June 25, 2012, primarily announces the issuance of $100,000,000 in GS ConnectTM S&P GSCI® Enhanced Commodity Total Return Strategy Index ETNs, which are index-linked notes due in 2037. These notes are linked to the performance of the S&P GSCI Enhanced Commodity Index Total Return. The issuance is made under the company's existing automatic shelf registration statement on Form S-3. This filing is significant for investors as it indicates the company's continued activity in offering structured financial products tied to specific market indices. The ETN structure means it's a debt security, and its performance is directly correlated with the underlying commodity index, offering investors exposure to commodity markets with a specific maturity date. Investors should note that this is a debt issuance, not an equity offering, and carries the credit risk of Goldman Sachs.

Key Highlights

  • 1Goldman Sachs issued $100 million in GS ConnectTM S&P GSCI® Enhanced Commodity Total Return Strategy Index ETNs.
  • 2The ETNs are index-linked notes with a maturity date in 2037.
  • 3The performance of these notes is tied to the S&P GSCI Enhanced Commodity Index Total Return.
  • 4The issuance was made under an existing automatic shelf registration statement (Form S-3).
  • 5This filing indicates Goldman Sachs' ongoing activity in offering structured products.
  • 6The ETNs represent a debt issuance by Goldman Sachs.

Frequently Asked Questions

These are exchange-traded notes (ETNs) issued by Goldman Sachs. They are debt securities whose returns are linked to the performance of the S&P GSCI Enhanced Commodity Index Total Return. They are designed to provide investors with exposure to commodity markets.

The maturity date for these specific ETNs is 2037.

The ETNs were issued under Goldman Sachs' automatic shelf registration statement on Form S-3, filed with the SEC.

It means that the principal amount and any potential return paid to the investor at maturity are dependent on the performance of the specified index, in this case, the S&P GSCI Enhanced Commodity Index Total Return. If the index performs well, the investor receives a return; if it performs poorly, the investor may receive less than their initial investment or even lose principal, subject to the credit risk of the issuer.