Goldman Sachs
 
GOLDMAN SACHS BANK USA    The Goldman Sachs Group, Inc.     GOLDMAN SACHS REALTY MANAGEMENT, LLC  he Goldman Sachs Group 2008 GOLDMAN SACHS GROUP 2010 court case   GOLDMAN SACHS TRUST II

 

Henry Goldman






Press Release

SEC Charges Former Goldman Sachs Executive With FCPA Violations

FOR IMMEDIATE RELEASE
2019-260
Washington D.C., Dec. 16, 2019 —


The Securities and Exchange Commission today announced charges against former Goldman Sachs Group Inc. executive Tim Leissner for engaging in a corruption scheme, by which he obtained millions of dollars by paying unlawful bribes to various government officials to secure lucrative contracts for Goldman Sachs. Leissner has agreed to a settlement of the alleged violations of the Foreign Corrupt Practices Act (FCPA) that includes a permanent bar from the securities industry.

According to the SEC's order, beginning in 2012, Leissner, as participating managing director of Goldman Sachs, used a third party intermediary to bribe high-ranking government officials in Malaysia and the Emirate of Abu Dhabi. The order finds that these bribes enabled Goldman Sachs to obtain lucrative business from 1Malaysia Development Berhard (1MDB), a Malaysian government owned investment fund, including underwriting $6.5 billion in bond offerings. The order further finds that Leissner personally received more than $43 million in illicit payments for his role in facilitating the bribe scheme.

"Individual conduct lies at the heart of all bribery schemes," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit. "Here, Leissner abused his leadership role at Goldman Sachs by engaging in a massive bribery scheme targeting the highest levels of two foreign governments in order to bring in lucrative business to the firm and enrich himself."

Leissner consented to the SEC's order finding that he violated the antibribery, internal accounting controls, and books and records provisions of the federal securities laws and agreed to be permanently barred from the securities industry. The SEC's order requires Leissner to pay disgorgement of $43.7 million, which will be offset by amounts paid pursuant to a forfeiture order as part of a resolution in a previously instituted parallel criminal action by the U.S. Department of Justice.

The SEC's investigation was conducted by Eric Heining and Paul G. Block of the FCPA Unit and Mark Albers and Martin Healey of the Boston Regional Office. The SEC appreciates the assistance of the Department of Justice Criminal Division’s Fraud and Money Laundering and Asset Recovery Sections, the U.S. Attorney's Office for the Eastern District of New York, and the Federal Bureau of Investigation, as well as the Board of Governors of the Federal Reserve System, Monetary Authority of Singapore, Securities Commission of Malaysia, and the Securities and Futures Commission of Hong Kong.

###



Related Materials
•SEC Order
https://www.sec.gov/litigation/admin/2019/34-87750.pdf

https://www.sec.gov/news/press-release/2019-260

 
The People From ‘Government Sachs’

In 1967, Sidney Weinberg celebrated his 60th year at Goldman Sachs.

By Dealbook
March 16, 2017

During World War II, President Franklin D. Roosevelt selected Sidney J. Weinberg, the chief executive of Goldman Sachs, to serve as the assistant director of the War Production Board. Mr. Weinberg was one of the few men on Wall Street to support Roosevelt in the 1932 election, and he went on to advise Presidents Harry S. Truman, Dwight D. Eisenhower and Lyndon B. Johnson.

Known as “Mr. Wall Street,” Mr. Weinberg began a tradition of Goldman executives taking leading roles in public service that is continuing under President Trump.

Goldman Sachs alumni also have influence in other branches of government and overseas. Mario Draghi, the president of the European Central Bank, was vice chairman for Goldman Sachs in Europe. And many current and previous senators and representatives spent years at the influential Wall Street firm.

Here is a look at some of the firm’s ties during recent administrations:

The Trump Administration

Stephen K. Bannon, chief strategist to the president and a former Goldman banker

Mr. Bannon is most closely associated with Breitbart News, the website that helped become an outlet for his right-wing, populist outlook that is suspicious of the established corporate and government elite.

But he was a Goldman Sachs mergers and acquisitions banker in the 1980s before he left to start his own boutique investment firm. There, he advised on a deal for the production company behind “Seinfeld,” and is said to have been paid for his services via cash as well as a share of the show’s profits.

Gary D. Cohn, director of the National Economic Council and Goldman Sachs president

Economic policy making will be influenced by the experiences of some key Goldman alumni in the Trump administration.

Mr. Cohn, a longtime second-in-command at Goldman Sachs, is now overseeing economic policy in the White House as director of the National Economic Council.

Steven T. Mnuchin, Treasury secretary and Goldman partner

Mr. Mnuchin, a financier with deep roots on Wall Street and in Hollywood but with no previous government experience, was the national finance chairman for Mr. Trump’s campaign. After leaving Goldman, he created his own hedge fund, moved to the West Coast and bankrolled hits like the “X-Men” franchise and “Avatar.”

James Donovan, nominee for deputy Treasury secretary and Goldman partner

Mr. Mnuchin’s pick to be his deputy also comes from Goldman Sachs. If confirmed, Mr. Donovan will play a substantial role in shaping some of the Trump administration’s biggest fiscal priorities, such as overhauling the tax code. Mr. Donovan has spent nearly 25 years at Goldman, where he worked with companies and individuals both as an investment banking adviser and as an investment management overseer.

Dina Powell, deputy national security adviser for strategy and longtime Goldman executive

Ms. Powell, who had been a senior counselor to the president, was named a deputy national security adviser for strategy this week. Although she does not have extensive experience on national security issues, Ms. Powell has spent 15 years in government.

Ms. Powell was recently the president of the Goldman Sachs Foundation. During her years at Goldman Sachs, she worked closely with Mr. Cohn.

The Obama Administration

William C. Dudley, partner at Goldman and president of the Federal Reserve Bank of New York

A Goldman economist with a knack for reading the markets, Mr. Dudley stepped into the spotlight in 2009 as the Fed’s senior statesman on Wall Street. He has navigated a painful recession while leading the Fed’s sweeping efforts to stabilize the nation’s troubled financial industry.

Gary Gensler, a partner at Goldman and chairman of the Commodity Futures Trading Commission

After minting a small fortune as one of the youngest partners in Goldman’s history, Mr. Gensler was named assistant secretary for financial markets in 1997 in the Clinton administration. At the Treasury Department, he helped enact legislation exempting broad portions of derivatives trading from oversight.

Under the Obama administration, Mr. Gensler developed a reputation for cracking down on Wall Street during his time at the agency. The day in 2010 that the Dodd-Frank financial overhaul became final, he stayed past 4 a.m. to put the finishing touches on the law. His aggressive streak thrust the once-backwater agency into the front lines of reform. The push by Mr. Gensler clashed with the staid culture of an agency once known as the “watchdog that didn’t bark.”

The George W. Bush Administration

Stephen Friedman, co-chairman of Goldman and White House chief economic adviser

Around Goldman, Mr. Friedman is remembered for having built the company’s lucrative practice of advising companies on mergers and acquisitions.

In 2002, President George W. Bush chose the tenacious Wall Street veteran as his chief economic adviser. Mr. Friedman’s co-chairman at Goldman, Robert E. Rubin, led President Clinton’s National Economic Council.

Mr. Friedman generated some controversy as chairman of the Federal Reserve Bank of New York during the financial crisis, when the Fed was helping put together a rescue plan for Wall Street. He stepped down from that role in 2009 after questions arose about his ties to Goldman.

Joshua B. Bolten, executive for Goldman Sachs International and White House chief of staff

The former Goldman executive grew up in establishment Washington, the son of a Central Intelligence Agency officer. Mr. Bolten was the White House legislative affairs director for part of the administration of the first President Bush.

Under the second President Bush, he was deputy White House chief of staff, then director of the Office of Management and Budget and finally chief of staff. Mr. Bolten played an important role in putting together the Bush tax plan and helped recruit another Goldman executive, Henry M. Paulson Jr., as Treasury secretary. In 2008, the House voted to issue contempt citations against Mr. Bolten and a former White House counsel for refusing to cooperate in an investigation into the mass firings of federal prosecutors.

Robert K. Steel, vice chairman of Goldman and under secretary of the Treasury

Before the financial crisis, Mr. Steel was co-chairman of one commission that claimed that heavy-handed regulation was hindering financial innovation and another that argued that hedge funds could police themselves. By April 2008, he was extolling the powers that a “superregulator” might wield over Wall Street one day.



“When you are driving fast down a slippery road, sometimes a regulator needs to tap lightly on the brakes to get you to slow down,” Mr. Steel told The New York Times. But to many on Wall Street and on Main Street, the car had already crashed.

Henry M. Paulson Jr., chief executive of Goldman and Treasury secretary

Before he became Treasury secretary in 2006, Mr. Paulson agreed to hold himself to a higher ethical standard than his predecessors. That plan did not survive the worst financial crisis since the Great Depression. The government propped up the teetering financial system with tens of billions of taxpayer dollars, including aid that directly benefited his former company. To deal with the financial crisis, Mr. Paulson tapped so many former Goldman executives that bankers coined the nickname “Government Sachs.”

“I operated very consistently within the ethic guidelines I had as secretary of the Treasury,” Mr. Paulson told lawmakers in 2009, adding that he asked for an ethics waiver for his interactions with his old company “when it became clear that we had some very significant issues with Goldman Sachs.”

Mr. Paulson helped decide the fates of a variety of financial companies, including two longtime Goldman rivals, Bear Stearns and Lehman Brothers, before his ethics waivers were granted. Ad hoc actions were taken by Mr. Paulson and officials at the Federal Reserve, like letting Lehman fail and compensating the trading partners of the American International Group.

Neel T. Kashkari, investment banker for Goldman and president of the Federal Reserve Bank of Minneapolis.

Mr. Kashkari arrived in Washington in 2006 after spending two years as a low-level technology investment banker for Goldman in San Francisco. Today, he runs the Federal Reserve Bank of Minneapolis and compares banking to the nuclear power industry.

The Clinton Administration

Robert E. Rubin, co-chairman of Goldman and Treasury secretary

Mr. Rubin amassed a fortune on Wall Street before heading the National Economic Council under President Bill Clinton. In 1994, Mr. Clinton selected him to become Treasury secretary. Mr. Rubin drew criticism just after his arrival in Washington when it was disclosed that he had sent farewell letters to hundreds of Goldman clients saying he was “looking forward to working with you in my new capacity.” He said that he was merely being polite.

Mr. Rubin played a role in arranging the compromise that led to the repeal of the Glass-Steagall Act. After leaving office, he joined a leadership triangle at Citigroup.

Kenneth D. Brody, management committee at Goldman and president of the Export-Import Bank

After running Goldman’s real estate division, Mr. Brody was appointed by President Clinton to the once-lethargic Ex-Im Bank. Critics have contended that the bank’s business is really a form of corporate welfare benefiting mainly giants like Boeing and General Electric.

When he arrived in Washington, he was astounded when an aide, told that it was difficult for the public to reach the agency on the telephone, replied that “those who need us know how to get us.” Mr. Brody said, “I went nuts” in response.


https://www.nytimes.com/2017/03/16/business/dealbook/goldman-sachs-goverment-jobs.html

 

In 1910, Walter Sachs becomes a partner of the firm founded by his grandfather Marcus Goldman, where he works alongside his father and brothers.

Walter Edward Sachs was born in New York City in 1884, the third son of Samuel Sachs and a grandson of Marcus Goldman. Many Saturday mornings as a young man, he accompanied his father from their home on New York’s Upper East Side downtown to the Goldman, Sachs & Co. office at 9 Pine Street. There, he would observe clerks with green eyeshades posting scores of entries into fat ledger books. Afterwards, Samuel Sachs would send his son home with pencils and pads from the office so he could practice his first lessons in figuring interest and discount.

Sachs attended Harvard College, from which he graduated in 1904 and where he was editor of The Crimson, part of a staff that included classmate Franklin D. Roosevelt. Following Harvard, he attended law school for one year, but ultimately found himself drawn back to the family business, joining his father and two older brothers, Paul and Arthur, at Goldman Sachs in 1908.

Shortly after joining the firm, Sachs was sent on the first of many trips Samuel Sachs would arrange to acquaint his son with the firm’s business across the country. His itinerary was to include Chicago, St. Paul, Minneapolis, Spokane, Seattle, Portland, San Francisco, Los Angeles, Denver, Kansas City, St. Joseph, and St. Louis. His mission, as described in Sachs’ 1979 autobiography, was “to call on prominent banks in those cities, and to attempt to make new contacts with important merchants and industrial concerns.” While the trip was cut short when Sachs was felled by smallpox, it was the beginning of his distinguished career traveling across the country and the world on behalf of the firm, forging relationships and playing an instrumental role in key financings.

Walter Sachs was named partner in 1910 and became a limited partner in 1959 at the age of 75. Over this time, he held directorships on more than two dozen corporate boards, including those of May Department Stores Co., Merck & Co., and Warner Brothers Pictures. In 1930, Walter Sachs became the president of the Goldman Sachs Trading Corporation and together with Sidney Weinberg took on the task of liquidating the investment trust’s assets.

Throughout his lifetime, Sachs was active in philanthropic and civic affairs. In 1911, he became one of five incorporators of the National Association for the Advancement of Colored People (NAACP), for which he served as Treasurer. Sachs was introduced to the organization, then in its infancy, by Oswald Garrison Villard, whom he met through the University Settlement Society, an organization that offered a variety of services to the poor, many of whom were immigrants, on New York City’s Lower East Side.

Sachs’ brother Paul played a formative role in another prominent African American organization, the National Urban League, of which Goldman Sachs client Julius Rosenwald, president of Sears, Roebuck & Co., was a financial backer. Discussions with Rosenwald, who was passionate about supporting leading African American colleges, and his work with the University Settlement Society, inspired Walter Sachs’ involvement with the incorporation of the NAACP.

Walter Sachs retired in 1959 and remained a limited partner of Goldman Sachs until his death in 1980 at the age of 96.

https://www.goldmansachs.com/our-firm/history/moments/1910-walter-sachs-partners.html

 

 Goldman Sachs Trading Corporation Bears Full Brunt of 1929 Crash


Theme: Clients



In December 1928, Waddill Catchings led the firm’s formation of an investment trust, Goldman Sachs Trading Corporation. By mid-1932, GSTC stock plummeted to virtually nothing.

In 1918, Waddill Catchings, a friend and Harvard classmate of Arthur Sachs, was asked to join the firm. The tall, charming lawyer from Tennessee had enjoyed success restructuring bankrupt companies following the Panic of 1907. Catchings joined Goldman Sachs as partner in charge of underwriting, helping to organize General Foods and National Dairy Products (later Kraft). By 1928, Catchings owned the largest stake in the firm and wielded increased power and influence.

In December 1928, Catchings led the formation of an investment trust, Goldman Sachs Trading Corporation (GSTC), managed by the partnership and listed on the New York Curb Exchange, with stocks trading at an initial price of US$104. This was to be the largest investment trust yet established, with capital of US$50 million, a cash surplus of an additional US$50 million and, ultimately, 42,000 stockholders.

In early 1929, GSTC announced its intention to merge with the Financial and Industrial Securities Corporation. The news was greeted enthusiastically by investors, who pushed shares of the corporation up over 70 percent above their December 1928 issue. Within three days, shares had more than doubled over their initial value.

The success of GSTC led the firm to plan an expansion, using the trading corporation stock to acquire American Trust Company of San Francisco. Catchings went further and in July and August 1929 formed two more trusts with an interlocking, highly leveraged ownership structure: the Shenandoah Corporation and the Blue Ridge Corporation

The trust would bear the full brunt of the Crash of 1929. By January 1930, the market capitalization of GSTC had fallen by over 50 percent to US$233 million and its share prices collapsed to US$40.94. By mid-1932, adjusted for splits, the stock ultimately fell to US$1.75 and capitalization was around US$40 million.

In May 1930, Catchings departed Goldman Sachs. Walter Sachs became the president of GSTC and together with Sidney Weinberg took on the task of liquidating the investment trust’s assets.

The consequences of the failure of GSTC were formidable, almost causing the firm’s demise and severely damaging its reputation. In the aftermath, Sidney Weinberg was entrusted with the leadership of the firm, and for nearly four decades, would steadily rebuild the firm’s reputation and position Goldman Sachs as a leader on Wall Street and beyond.




Explore More




Culture

Looking to Expand in Asia, Goldman Sachs Establishes Hong Kong Presence

Goldman Sachs opens an office in Hong Kong in 1983, recognizing the role of the port territory as a vital financial bridge for the entire Asian region.

READ MORE



Clients

Goldman Sachs Helps a French Utility Tap the US Commercial Paper Market

Just over a century after Goldman Sachs began dealing in commercial paper, the firm leads a commercial paper issuance for state-owned electric utility Électricité de France in 1974, the first ever in the United States on behalf of a foreign government entity.

READ MORE



Leadership

Sachs Family Legacy Continues as Walter Sachs Becomes Partner

In 1910, Walter Sachs becomes a partner of the firm founded by his grandfather Marcus Goldman, where he works alongside his father and brothers.

READ MORE

© 2019 Goldman Sachs
https://www.goldmansachs.com/our-firm/history/moments/1928-Goldman-Sachs-Trading-Corporation.html 

 

HSBC bank Also in 1984, the firm was asked to assist two of the most important organizations in Hong Kong at the time: The Hongkong and Shanghai Banking Corporation (HSBC) and Hongkong Land.

Marcus Goldman
Banker

Marcus Goldman was a German investment banker, businessman, and financier. He was born in Trappstadt, Bavaria and emigrated to the United States in 1848. He was the founder of Goldman Sachs, which has since become one of the world's largest investment banks.

Born: December 9, 1821, Trappstadt, Germany
Died: July 20, 1904, Elberon, Long Branch, NJ
Spouse: Bertha Goldman

Children: Henry Goldman, Rebecca Dreyfuss, Julius Sachs, Louisa Sachs, Rosa Sachs, Julius Goldman

Grandchild: Ernest Sachs


Henry Goldman was an American heir, banker, philanthropist and art collector. A member of the Goldman–Sachs family.

Born: September 21, 1857, Philadelphia, PA
Died: April 4, 1937, New York, NY
Resting place: Salem Fields Cemetery
Alma mater: Harvard University (did not graduate)
Parents: Marcus Goldman

Books: Advanced Check System for Locating Errors in Book-Keeping
Nationality: German

Marcus Goldman’s youngest son, Henry Goldman, joins the family business in 1885.

Henry Goldman was born in 1857 in Philadelphia, the youngest child of Marcus and Bertha Goldman. He attended Harvard but left without completing his degree. He spent several years travelling the West as a salesman for D. Rosenberg & Sons and worked in the mercantile firm of Dreyfus, Willer & Co. In 1885, his father invited him to join the firm. For the next three decades, Henry’s leadership and ingenuity helped transform Goldman Sachs into a leading financial institution.

Considered an innovative thinker by his colleagues, with a measured approach to risk, Henry sought to expand the firm’s business activities into new segments. He regularly traveled to Chicago, St. Louis, St. Paul and Kansas City to bolster the firm’s credentials in the Midwest. He was unintimidated by the biggest financial players of the era, and he encouraged his colleagues to compete for business that traditionally German-Jewish firms like Goldman Sachs had never before been granted.

Henry’s breakthrough came in 1906, when he started to focus on what was then a nascent industry: investment banking and securities dealing. At the time, most underwritings were in railroads and utilities. Henry sensed an opportunity in so-called industrial financings: funding privately-owned businesses, incorporating them and selling their equity to the public.

In 1906, seeking a way to obtain capital for the recently formed United Cigar, Henry developed the groundbreaking concept of using a company’s earning potential to attract long-term equity investments. The successful sale of United Cigar’s common shares became a model for future firm transactions, including the public offerings of Sears, Roebuck and Co. (also in 1906), Underwood Typewriter Co. (1910), B. F. Goodrich, and F. W. Woolworth (both in 1912), amidst many others. Henry served on the boards of most of the companies whose public offerings were underwritten by the firm. He retired from the firm in 1917 and died in 1937.

Culture

Looking to Expand in Asia, Goldman Sachs Establishes Hong Kong Presence

Goldman Sachs opens an office in Hong Kong in 1983, recognizing the role of the port territory as a vital financial bridge for the entire Asian region.

Clients

Goldman Sachs Helps a French Utility Tap the US Commercial Paper Market

Just over a century after Goldman Sachs began dealing in commercial paper, the firm leads a commercial paper issuance for state-owned electric utility Électricité de France in 1974, the first ever in the United States on behalf of a foreign government entity.

Leadership

Sachs Family Legacy Continues as Walter Sachs Becomes Partner

In 1910, Walter Sachs becomes a partner of the firm founded by his grandfather Marcus Goldman, where he works alongside his father and brothers.


© 2019 Goldman Sachs
https://www.goldmansachs.com/our-firm/history/moments/1885-henry-goldman-joins.html 

 

IPO of AIG’s Asian Unit is the Largest Ever of an Insurance Company

Theme: Clients

In 2010, Goldman Sachs serves as joint global coordinator and joint book runner for the US$20.5 billion initial public offering and effective privatization of publicly controlled AIG’s AIA Group unit, one of the largest and oldest life insurers in Asia.

Founded in 1919 in Shanghai, AIA Group (AIA) had been the main Asian subsidiary of American International Group (AIG) until 2010, when AIG decided to sell it as part of its efforts to repay U.S. taxpayers, who then owned 79.9% of the firm since its bailout during the 2008 global financial crisis. When AIA made its market debut in 2010 on the Hong Kong Stock Exchange, it was the third largest IPO globally and the largest-ever insurance IPO.

Goldman Sachs had been tapped as senior book runner for an AIA IPO earlier in the year, when the UK insurer Prudential stepped in with a private offer of US$35 billion for AIG’s Asian unit. When Prudential’s offer fell through, AIA promoted Goldman Sachs to joint global coordinator, joint book runner, joint sponsor, sole stabilization manager and settlement agent for the offering, which raised US$20.5 billion.

The AIA offering afforded investors the opportunity to make a direct investment in Asia’s fast-growing life insurance market, and it came at a time when global investors were eager to participate in the region’s growth. For the first three quarters of 2010, Asian IPOs raised US$90 billion, more than double the amount raised in the same period from the US, Europe, the Middle East, and Africa. Today, AIA is the world’s largest independent publicly listed pan-Asian life insurance group, serving 18 markets across the Asia-Pacific region.

The landmark AIA transaction attested to Goldman Sachs’ continued ability to successfully guide clients through the world’s capital markets and position them for long-term growth. It was one of several significant transactions the firm led and/or participated in that same year in Southeast Asia, among these a US$1.84 billion convertible bond offering for telecoms operator China Unicom and numerous real estate equity transactions, including the region’s third-largest real estate investment trust IPO.


https://www.goldmansachs.com/our-firm/history/moments/2010-aia-ipo.html



Goldman Sachs Partners with Kleinwort, Sons & Co. of London
ThemeS: Clients | Globalization

Goldman Sachs partners with Kleinwort, Sons & Co. of London in 1897, beginning a joint undertaking in international finance.

Near the turn of the 20th century, as the firm’s business continued to grow, Samuel Sachs sought overseas expansion into Europe. In addition to the market opportunities, he was enamored of the continent, traveling there frequently on holidays. In 1897, he arrived in London with a letter of introduction to the established merchant bankers Kleinwort, Sons & Co. The introduction came by way of one of the world’s leading coffee merchants, Herman Sielcken, the “Coffee King,” who was established in New York and London. Kleinwort, for its part, had roots in Havana, but in 1858, Alexander Kleinwort opened a London acceptance house named Drake, Kleinwort & Cohen.

Herman and Alexander Kleinwort knew little of the US firm but on the basis of an endorsement by financier August Belmont, the Kleinworts agreed to the joint endeavor. The relationship proved successful from the outset and thrived for decades. Goldman Sachs and Kleinwort worked closely together on joint accounts in London, Paris, Berlin, Amsterdam, and Budapest. They specialized in foreign exchange and stock arbitrage, both of which were regarded as profitable and growing businesses.

In 1911, to facilitate the placing of American securities in the French capital markets, Goldman Sachs established a private banking house in Paris, in association with Lehman Brothers, Kleinwort, Sons & Co., and Henri Hoechstaedter. The bank, known as Henri Hoechstaedter & Cie., was liquidated in 1921 due to the financial woes of interwar Europe.

Perhaps as a result of the venture’s long-term European success, Goldman Sachs found it unnecessary to open a London office until 1970, part of the beginning of a concerted international effort. Between 1976 and 1980, Goldman Sachs formed a joint investment management company with Kleinwort Benson, called Kleinwort Benson McCowan.

https://www.goldmansachs.com/our-firm/history/moments/1897-kleinwort.html  

 SC 13D/A 1 y46682sc13dza.htm AMENDMENT NO. 68 TO SCHEDULE 13D
Table of Contents

SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
File No. 005-56295


SCHEDULE 13D/A

(Rule 13d-101)

Amendment No. 68

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)

The Goldman Sachs Group, Inc.
(Name of Issuer)

Common Stock, par value $.01 per share
(Title of Class of Securities)

38141G 10 4
(CUSIP Number)

Kenneth L. Josselyn
Beverly L. O’Toole
The Goldman Sachs Group, Inc.
85 Broad Street
New York, New York 10004
Telephone: (212) 902-1000
(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications)

January 7, 2008


(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box o.

(Continued on following pages)


TABLE OF CONTENTS


ITEM 1. Security and Issuer
ITEM 2. Identity and Background
ITEM 3. Source and Amount of Funds or Other Consideration
ITEM 4. Purpose of Transactions
ITEM 5. Interest in Securities of the Issuer
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
SIGNATURES
EXHIBIT INDEX

Table of Contents



CUSIP No.

38141G 10 4
13D

1 NAMES OF REPORTING PERSONS:

Each of the persons identified on Appendix A.


2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP


As to a group consisting solely of Covered Persons1 (a) þ
As to a group consisting of persons other than Covered Persons (b) þ

3 SEC USE ONLY


4 SOURCE OF FUNDS:

OO and PF (Applies to each person listed on Appendix A.)

5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
(Applies to each person listed on Appendix A.)

o

6 CITIZENSHIP OR PLACE OF ORGANIZATION

United States unless otherwise indicated on Appendix A.

7 SOLE VOTING POWER:

NUMBER OF 0

SHARES 8 SHARED VOTING POWER (See Item 6) (Applies to each person listed on Appendix A.)
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON 25,787,165 Voting Shares2 held by Covered Persons
3,660 Shared Ownership Shares held by Covered Persons3
10,352,699 Sixty Day Shares held by Covered Persons4
3,758,008 Other Shares held by Covered Persons5

WITH 9 SOLE DISPOSITIVE POWER (See Item 6)

As to Voting Shares, less than 1%
As to Shared Ownership Shares, Sixty Day Shares and Other Shares, 0

10 SHARED DISPOSITIVE POWER (See Item 6):

As to Voting Shares, 0
As to Shared Ownership Shares, less than 0.01%
As to Sixty Day Shares and Other Shares, less than 1%.

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

39,901,532

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

o

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

9.75%

14 TYPE OF REPORTING PERSON:

IN as to Covered Persons; CO as to Reporting Entities1
that are corporations; OO as to Reporting Entities that are trusts


1 For a definition of this term, please see Item 2.

2 For a definition of this term, please see Item 6.

3 “Shared Ownership Shares” are shares of Common Stock (other than Other Shares, as defined below) of which a Covered Person shares beneficial ownership with someone other than the Covered Person’s spouse. Each Covered Person disclaims beneficial ownership of Shared Ownership Shares beneficially owned by each other Covered Person.

4 “Sixty Day Shares” are shares of Common Stock deemed to be beneficially owned under Rule 13d-3(d)(1) because a Covered Person has the right to acquire beneficial ownership within 60 days of the date hereof. See Annex D for a description of these shares. Upon acquisition by the Covered Person, these shares will become Voting Shares. Each Covered Person disclaims beneficial ownership of Sixty Day Shares beneficially owned by each other Covered Person.

5 “Other Shares” include: (i) 662,682 shares of Common Stock held by 32 private charitable foundations established by 32 Covered Persons; (ii) 2,436,055 shares of Common Stock held by certain family members of Covered Persons and by certain estate planning entities established by Covered Persons; (iii) 658,693 shares of Common Stock held in escrow for the benefit of certain Covered Persons; and (iv) 578 shares of Common Stock held by the trust underlying The Goldman Sachs Employees’ Profit Sharing Retirement Income Plan. Each Covered Person disclaims beneficial ownership of Other Shares beneficially owned by each other Covered Person, and each Covered Person disclaims beneficial ownership of all shares held by any private charitable foundation or any family member of a Covered Person.

-2-







Table of Contents




APPENDIX A



ITEM 6
Citizenship
(United States
ITEM 1 unless otherwise
Names of Reporting Persons indicated)

Peter C. Aberg


Mark E. Agne


Gregory A. Agran


Raanan A. Agus


Yusuf A. Aliredha
Bahrain

Philippe J. Altuzarra
France

John A. Ashdown
UK

Akio Asuke
Japan

Armen A. Avanessians


Dean C. Backer


Steven M. Barry


Christopher M. Barter


Stacy Bash-Polley


Jonathan A. Beinner


Driss Ben-Brahim
Morocco

Milton R. Berlinski
The Netherlands

Frances R. Bermanzohn


Paul D. Bernard


Stuart N. Bernstein


Elizabeth E. Beshel


Mark R. Beveridge


Leslie A. Biddle


Lloyd C. Blankfein


Dorothee Blessing
Germany

Johannes M. Boomaars
The Netherlands

Charles W.A. Bott
UK

Craig W. Broderick


Jason M. Brown
UK

Melissa R. Brown


Steven M. Bunson


Nicholas F. Burgin


Mary D. Byron


Jin Yong Cai
China/Hong Kong

Richard M. Campbell-Breeden
UK

Gerald J. Cardinale


Mark M. Carhart


Valentino D. Carlotti


Anthony H. Carpet


Michael J. Carr


Lik Shuen David Chan
Hong Kong

Amy L. Chasen


R. Martin Chavez


Andrew A. Chisholm
Canada

Jane P. Chwick


James B. Clark


Abby Joseph Cohen


Alan M. Cohen


Gary D. Cohn


Christopher A. Cole


Peter H. Comisar


Laura C. Conigliaro


William J. Conley Jr.


Thomas G. Connolly
Ireland/USA

Linnea K. Conrad


Karen R. Cook
UK

Edith W. Cooper


Colin J. Corgan


Thomas W. Cornacchia


Henry Cornell


E. Gerald Corrigan


Frank L. Coulson, Jr.


Randolph L. Cowen


Brahm S. Cramer
Canada

Matthew H. Cyzer
UK

Michael D. Daffey
Australia

John S. Daly
Ireland

Stephen D. Daniel
Canada

Diego De Giorgi
Italy

Michael G. De Lathauwer
Belgium

François-Xavier de Mallmann
France/Switzerland

Jean A. De Pourtales
France/UK

Giorgio De Santis
Italy

Daniel L. Dees


Mark Dehnert


Juan A. Del Rivero
Spain

Martin R. Devenish
UK

Salvatore Di Stasi
Italy

Alexander C. Dibelius
Germany

Simon P. Dingemans
UK

Joseph P. DiSabato


Katinka I. Domotorffy


Suzanne O. Donohoe


Donald J. Duet


Michael L. Dweck


Gordon E. Dyal


Isabelle Ealet
France

Glenn P. Earle
UK

Kenneth M. Eberts III


Edward K. Eisler
Austria

Jason H. Ekaireb
UK

Kathleen G. Elsesser


Peter C. Enns
Canada

James P. Esposito


Michael P. Esposito


J. Michael Evans
Canada

Carl Faker
France/Lebanon

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ITEM 6
Citizenship
(United States
ITEM 1 unless otherwise
Names of Reporting Persons indicated)

Fenglei Fang
China

Elizabeth C. Fascitelli


Douglas L. Feagin


Steven M. Feldman


Gregg J. Felton


Luca D. Ferrari
Italy

Stephen C. Fitzgerald
Australia

Pierre-Henri Flamand
France

Mark B. Florian


Timothy B. Flynn


Elisabeth Fontenelli


Silverio Foresi
Italy

Edward C. Forst


Colleen A. Foster


Orit Freedman
Israel

Matthew T. Fremont-Smith


Christopher G. French
UK

Richard A. Friedman


Enrico S. Gaglioti


James R. Garman
UK

Kevin S. Gasvoda


Robert R. Gheewalla


Gary T. Giglio


H. John Gilbertson, Jr.


Joseph H. Gleberman


Justin G. Gmelich


Richard J. Gnodde
Ireland/South Africa

Jeffrey B. Goldenberg


Gregg A. Gonsalves


Andrew M. Gordon


Lorenzo Grabau
Italy

Michael J. Graziano


Stefan Green
Australia

David J. Greenwald


Douglas C. Grip


Peter Gross


Vishal Gupta
India

Celeste A. Guth


Jana Hale Doty


Rumiko Hasegawa
Japan

Keith L. Hayes
UK

David B. Heller


Robert D. Henderson


Bruce A. Heyman


Stephen P. Hickey


Melina E. Higgins


Kenneth L. Hirsch


Kenneth W. Hitchner


Maykin Ho


Simon N. Holden
UK

Margaret J. Holen


Peter Hollmann
Germany

Philip Holzer
Germany

Robert Howard


Zu Liu Frederick Hu
China

Alastair J. Hunt
UK/USA

Edith A. Hunt


Phillip S. Hylander
UK

Timothy J. Ingrassia


Zubin P. Irani
UK/India

Raymond J. Iwanowski


William L. Jacob III


Andrew J. Jonas


Adrian M. Jones
Ireland

Robert C. Jones


Andrew J. Kaiser


Toshinobu Kasai
Japan

James C. Katzman


Carsten Kengeter
Germany

Kevin W. Kennedy


Thomas J. Kenny


Richard A. Kimball Jr.


Robert C. King, Jr.


Timothy M. Kingston


Shigeki Kiritani
Japan

Koji Kotaka
Japan

John D. Kramer


Peter S. Kraus


Eric S. Lane


Jonathan A. Langer


John J. Lauto


George C. Lee


Gregory D. Lee
Australia

Ronald Lee


Tim Leissner
Brazil/Germany

Todd W. Leland


Gregg R. Lemkau


Hughes B. Lepic
France

Johan Leven
Sweden

Allan S. Levine


Brian T. Levine


Jack Levy


George C. Liberopoulos
Canada/USA

Gwen R. Libstag


Mitchell J. Lieberman


Ryan D. Limaye


Anthony W. Ling
UK

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ITEM 6
Citizenship
(United States
ITEM 1 unless otherwise
Names of Reporting Persons indicated)

Robert Litterman


Victor M. Lopez-Balboa


Antigone Loudiadis
UK

Peter J. Lyon


Peter B. MacDonald
UK

Mark G. Machin
UK

Paula B. Madoff


John A. Mahoney


Puneet Malhi
UK

Charles G. R. Manby
UK

Simon I. Mansfield
UK

Robert J. Markwick
UK

Serge Marquie
France

Allan S. Marson
UK

Alison J. Mass


David J. Mastrocola


Kathy M. Matsui


George N. Mattson


Theresa E. McCabe


Ian R. McCormick
UK

Stephen J. McGuinness


John W. McMahon


James A. McNamara


Robert A. McTamaney


Sanjeev K. Mehra
USA/India

Bernard A. Mensah
UK

Julian R. Metherell
UK

Michael J. Millette


Masanori Mochida
Japan

Timothy H. Moe


Philip J. Moffitt
Australia

William C. Montgomery


J. Ronald Morgan III


Simon P. Morris
UK

Thomas C. Morrow


Jeffrey M. Moslow


Sharmin Mossavar-Rahmani
UK

Donald R. Mullen


Ken N. Murphy


Arjun N. Murti


Marc O. Nachmann
Germany

Kenichi Nagasu
Japan

Jeffrey P. Nedelman


Anthony J. Noto


Gavin G. O’Connor


L. Peter O’Hagan
Canada

Terence J. O’Neill
UK

Timothy J. O’Neill


Richard T. Ong
Malaysia

Taneki Ono
Japan

Peter C. Oppenheimer
UK

Fumiko Ozawa
Japan

Robert J. Pace


Gregory K. Palm


Konstantinos N. Pantazopoulos
Greece

James R. Paradise
UK

Sanjay H. Patel
India

Sheila H. Patel


Arthur J. Peponis


David B. Philip


Stephen R. Pierce


Kenneth A. Pontarelli


Ellen R. Porges


Richard H. Powers


Kevin A. Quinn


Jean Raby
Canada

John J. Rafter
Ireland

Dioscoro-Roy I. Ramos
Philippines

Charlotte P. Ransom
UK

Krishna S. Rao
India

Buckley T. Ratchford


Joseph Ravitch


Sara E. Recktenwald


Gene Reilly


Jeffrey A. Resnick


William M. Roberts


John F. W. Rogers


Eileen P. Rominger


Ivan Ross


Stuart M. Rothenberg


Paul M. Russo


Richard M. Ruzika


David C. Ryan


David M. Ryan
Australia

Katsunori Sago
Japan

Ankur A. Sahu
India

Guy E. Saidenberg
France

Pablo J. Salame
Ecuador

Muneer A. Satter


Peter Kevin Scaturro


Susan J. Scher


Gary B. Schermerhorn


Stephen M. Scherr


Clare R. Scherrer


Howard B. Schiller


Jeffrey W. Schroeder


Harvey M. Schwartz


Steven M. Scopellite


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ITEM 6
Citizenship
(United States
ITEM 1 unless otherwise
Names of Reporting Persons indicated)

John A. Sebastian


Karen D. Seitz


Peter D. Selman
UK

Lisa M. Shalett


David G. Shell


Michael S. Sherwood
UK

David A. Shiffman


Kunihiko Shiohara
Japan

Ravi M. Singh


Ravi Sinha
India/USA

Edward M. Siskind


Jeffrey S. Sloan


Sarah E. Smith
UK

Jonathan S. Sobel


David M. Solomon


Theodore T. Sotir


Daniel L. Sparks


Marc A. Spilker


Christoph W. Stanger
Austria

Esta E. Stecher


Laurence Stein
South Africa

Chase O. Stevenson


Steven H. Strongin


Jonathan R. Symonds
UK

Gene T. Sykes

Morgan C. Sze
Shahriar Tadjbakhsh
Roland W. Tegeder
Germany

Thomas D. Teles
Daisuke Toki
Japan

Peter K. Tomozawa
Byron D. Trott
Michael A. Troy
Donald J. Truesdale
Irene Y. Tse
Hong Kong

Eiji Ueda
Japan

Kaysie P. Uniacke
Lucas van Praag
UK

Ashok Varadhan
John J. Vaske
Andrea Vella
Italy

Robin A. Vince
UK

David A. Viniar
Alejandro Vollbrechthausen
Mexico

David H. Voon
Casper W. Von Koskull
Finland

John E. Waldron
Theodore T. Wang
China

Alan S. Waxman
Nicholas H. Weber
David M. Weil
John S. Weinberg
Gregg S. Weinstein
George W. Wellde, Jr.
Martin M. Werner
Mexico
Matthew Westerman
UK

William Wicker
Elisha Wiesel
C. Howard Wietschner
Susan A. Willetts
Todd A. Williams
John S. Willian
Andrew F. Wilson
New Zealand

Kendrick R. Wilson III
Jon Winkelried
Samuel J. Wisnia
France

Andrew E. Wolff
Tracy R. Wolstencroft
Jon A. Woodruff
Neil J. Wright
UK

Shinichi Yokote
Japan

W. Thomas York, Jr.
Wassim G. Younan
UK/Lebanon

Paul M. Young
William J. Young
Sanaz Zaimi
UK

Paolo Zannoni
Italy

Yoel Zaoui
France

Kevin Zhang
China

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Reporting Entities



ITEM 1 ITEM 6 Name of Establishing
Name of Entity Type of Entity Place of Organization Covered Person

Anahue Limited
Corporation Jersey Andrew A. Chisholm

Bott 2004 Settlement
Trust UK Charles W.A. Bott

Campbell-Breeden 2004 Settlement
Trust UK Richard M. Campbell-Breeden

Devenish 2004 Settlement
Trust UK Martin R. Devenish

Dingemans 2004 Settlement
Trust UK Simon P. Dingemans

Drayton 2004 Settlement
Trust UK Karen R. Cook

French 2004 Settlement
Trust UK Christopher G. French

Ling 2004 Settlement
Trust UK Anthony W. Ling

Manby 2004 Settlement
Trust UK Charles G.R. Manby

Markwick 2004 Settlement
Trust UK Robert J. Markwick

O’Neill 2004 Trust
Trust UK Terence J. O’Neill

Ransom 2004 Settlement
Trust UK Charlotte P. Ransom

RJG Holding Company
Corporation Cayman Islands Richard J. Gnodde

Sherwood 2004 Settlement
Trust UK Michael S. Sherwood

Westerman 2004 Settlement
Trust UK Matthew Westerman

Zurrah Limited
Corporation Jersey Yoel Zaoui

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This Amendment No. 68 to a Statement on Schedule 13D amends and restates in its entirety such Schedule 13D (as so amended and restated, this “Schedule”). This Amendment No. 68 is being filed primarily because the number of shares of Common Stock (as defined in Item 1 below) beneficially owned by Covered Persons (as defined in Item 2 below) has decreased by an amount in excess of one percent of the total number of shares of Common Stock outstanding.



ITEM 1. Security and Issuer

This Schedule relates to the Common Stock, par value $.01 per share (the “Common Stock”), of The Goldman Sachs Group, Inc. (“GS Inc.”), a Delaware corporation. The address of the principal executive offices of GS Inc. is 85 Broad Street, New York, New York 10004.



ITEM 2. Identity and Background

(a), (b), (c), (f) The cover page to this Schedule and Appendix A hereto contain the names of the individuals (“Covered Persons”) who are parties to a Shareholders’ Agreement, dated as of May 7, 1999 and amended and restated as of June 22, 2004 (as amended from time to time, the “Shareholders’ Agreement”). This filing is being made on behalf of all of the Covered Persons, and their agreement that this filing may be so made is contained in the Shareholders’ Agreement.

Appendix A hereto also provides the citizenship of each Covered Person. Each Covered Person is a Participating Managing Director (as defined in Item 6 below) employed by GS Inc. or one of its affiliates. GS Inc. is a global investment banking and securities firm. The business address of each Covered Person for purposes of this Schedule is 85 Broad Street, New York, New York 10004.

Each entity listed on Appendix A under “Reporting Entities” (each a “Reporting Entity”) is a trust or corporation created by or for a Covered Person for estate planning purposes. Each Reporting Entity is controlled by a Covered Person. The name, citizenship, business address and present principal occupation or employment of each of the directors and executive officers of each Reporting Entity that is a corporation (other than the Covered Person that established the Reporting Entity) are set forth in Annex A hereto. The business address of each Reporting Entity for purposes of this Schedule is: (i) in the case of entities organized in Jersey or under the laws of the United Kingdom, 26 New Street, St. Helier, Jersey, JE2 3RA; and (ii) in the case of entities organized in the Cayman Islands, P.O. Box 309, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands.

(d), (e) Except as described in Annex A or Annex B, during the last five years no Covered Person and, to the best knowledge of the Covered Persons, no executive officer or director of a Reporting Entity, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding or a judicial or administrative body of competent jurisdiction resulting in such Covered Person or executive officer or director being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.



ITEM 3. Source and Amount of Funds or Other Consideration

The Covered Persons have acquired and will acquire shares of Common Stock in the following manners: (i) the former profit participating limited partners active in the business of The Goldman Sachs Group, L.P. (“Group L.P.”) (the “IPO PMDs”) acquired certain shares of Common Stock in exchange for their interests in Group L.P. and certain of its affiliates and investee corporations; (ii) the former owners (the “Acquisition Covered Persons”) of Hull and Associates, L.L.C. (“Hull”) acquired certain shares of Common Stock in exchange for their interests in Hull; and (iii) certain Covered Persons have acquired and will acquire beneficial ownership of certain shares of Common Stock in connection with GS Inc.’s initial public offering and/or pursuant to GS Inc.’s employee compensation, benefit or similar plans. The Reporting Entities have acquired and may in the future acquire beneficial ownership of shares of Common Stock as contributions or gifts made by Covered Persons.

Covered Persons may from time to time acquire shares of Common Stock for investment purposes. Such Common Stock may be acquired with personal funds of or funds borrowed by such Covered Person.

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ITEM 4. Purpose of Transactions

The Covered Persons, other than the Acquisition Covered Persons, acquired certain shares of Common Stock in connection with the succession of GS Inc. to the business of Group L.P. and GS Inc.’s initial public offering and/or through certain employee compensation, benefit or similar plans of GS Inc. The Acquisition Covered Persons acquired certain shares of Common Stock in connection with the acquisition by GS Inc. of Hull and through certain employee compensation, benefit or similar plans of GS Inc. The Reporting Entities acquired shares of Common Stock as contributions or gifts made by Covered Persons.

Covered Persons may from time to time acquire shares of Common Stock for investment purposes. Except as described herein and in Annex C and except for the acquisition by Covered Persons or their Reporting Entities of Common Stock pursuant to employee compensation, benefit or similar plans of GS Inc. in the future or as described above, none of the Covered Persons has any plans or proposals which relate to or would result in the acquisition of additional Common Stock by them or their Reporting Entities or any of the other events described in Item 4(a) through 4(j).

Each Covered Person is expected to evaluate on an ongoing basis GS Inc.’s financial condition and prospects and his or her interests in and with respect to GS Inc. Accordingly, each Covered Person may change his or her plans and intentions at any time and from time to time. In particular, each Covered Person or Reporting Entity may at any time and from time to time acquire or dispose of shares of Common Stock.



ITEM 5. Interest in Securities of the Issuer

(a) Rows (11) and (13) of the cover page to this Schedule and Appendix A are hereby incorporated by reference. Each Covered Person hereby disclaims beneficial ownership of any shares of Common Stock held by any other Covered Person. Except as described in Annex D, none of the shares of Common Stock reported in rows (11) and (13) of the cover page to this Schedule and Appendix A are shares as to which there is a right to acquire exercisable within 60 days.

(b) Rows (7) through (10) of the cover page to this Schedule set forth for each Covered Person and Reporting Entity: the percentage range of Voting Shares, Shared Ownership Shares, Sixty Day Shares and Other Shares (each as defined on the cover page hereof) as to which there is sole power to vote or direct the vote or to dispose or direct the disposition or shared power to vote or direct the vote or to dispose or direct the disposition. The power to vote Voting Shares by Covered Persons is shared with each other Covered Person, as described below in response to Item 6. Each Covered Person hereby disclaims beneficial ownership of any shares of Common Stock held by any other Covered Person.

(c) Except as described in Annex E or previously reported on Schedule 13D, no Covered Person or Reporting Entity has effected any transactions in Common Stock in the past 60 days.

(d), (e) Not applicable.



ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Each Covered Person listed on the cover page to this Schedule and Appendix A hereto is a party to the Shareholders’ Agreement. The Shareholders’ Agreement and forms of the Counterparts to the Shareholders’ Agreement are filed as Exhibits to this Schedule and the following summary of the terms of the Shareholders’ Agreement is qualified in its entirety by reference thereto. The Shareholders’ Agreement was amended and restated effective as of the close of business on June 22, 2004. References to the “board of directors” are to the board of directors of GS Inc.

The Covered Persons under the Shareholders’ Agreement include all Managing Directors of GS Inc. who participate in the GS Inc. Partner Compensation Plan or Restricted Partner Compensation Plan (each as defined in the Shareholders’ Agreement) or any other employee benefit plan specified by the Shareholders’ Committee (the “Participating Managing Directors”).

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The “Voting Shares” include all of the shares of Common Stock of which a Covered Person is the sole beneficial owner (excluding shares of Common Stock held by the trust underlying The Goldman Sachs Employees’ Profit Sharing Retirement Income Plan). The interest of a spouse or domestic partner in a joint account, an economic interest of GS Inc. as pledgee, and the interest of certain persons in the Reporting Entities and other approved estate planning vehicles will be disregarded for the purposes of determining whether a Covered Person is the sole beneficial owner of shares of Common Stock.

TRANSFER RESTRICTIONS

Each Covered Person has agreed in the Shareholders’ Agreement, among other things, to retain sole beneficial ownership of a number of shares of Common Stock at least equal to 25% of such Covered Person’s Covered Shares (as defined below) (the “General Transfer Restrictions”). In addition, certain senior officers designated by the Shareholders’ Committee have each agreed to retain sole beneficial ownership of a number of shares of Common Stock at least equal to 75% of such Covered Person’s Covered Shares (the “Special Transfer Restrictions” and, together with the General Transfer Restrictions, the “Transfer Restrictions”). The same shares may be used to satisfy both the Special Transfer Restrictions and the General Transfer Restrictions. The Transfer Restrictions applicable to a Covered Person terminate upon the death of the Covered Person. Shares beneficially owned by a Covered Person through a Reporting Entity or certain other approved estate planning vehicles established by Covered Persons, are generally deemed to count toward the satisfaction of the Transfer Restrictions.

For these purposes, “Covered Shares,” with respect to a Covered Person, will be recalculated each time the Covered Person receives Common Stock underlying an award of restricted stock units, exercises a stock option (not including, in each case, awards in connection with GS Inc.’s initial public offering) or receives an award of restricted stock. The calculation of Covered Shares will include the gross number of shares underlying such restricted stock units or stock options or the gross number of shares of restricted stock, in each case less (i) a number of shares determined by reference to tax rates specified by the Shareholders’ Committee and (ii) the number of shares necessary to cover the option exercise price, if applicable (all as calculated pursuant to a formula set out in the Shareholders’ Agreement). The calculation of Covered Shares will only take into account awards that occurred after the Covered Person became a Participating Managing Director.

WAIVERS

The Shareholders’ Committee, described below under “Information Regarding the Shareholders’ Committee,” has the power to waive the Transfer Restrictions to permit Covered Persons to: participate as sellers in underwritten public offerings of, and stock repurchase programs and tender and exchange offers by GS Inc. for, Common Stock; transfer Common Stock to charities, including charitable foundations; transfer Common Stock held in employee benefit plans; and transfer Common Stock in particular situations (such as transfers to family members, partnerships or trusts), but not generally.

In the case of a third-party tender or exchange offer, the Transfer Restrictions may be waived or terminated: if the board of directors is recommending acceptance or is not making any recommendation with respect to acceptance of the tender or exchange offer, by a majority of the outstanding Covered Shares; or if the board of directors is recommending rejection of the tender or exchange offer, by 66 2/3% of the outstanding Covered Shares.

In the case of a tender or exchange offer by GS Inc., a majority of the outstanding Covered Shares may also waive or terminate the Transfer Restrictions.

VOTING

Prior to any vote of the shareholders of GS Inc., the Shareholders’ Agreement requires a separate, preliminary vote of substantially all Voting Shares on each matter upon which a vote of the shareholders is proposed to be taken (the “Preliminary Vote”). Each Voting Share will be voted in accordance with the majority of the votes cast by the Voting Shares in the Preliminary Vote. In elections of directors, each Voting Share will be voted in favor of the election of those persons, equal in number to the number of such positions to be filled, receiving the highest numbers of votes cast by the Voting Shares in the Preliminary Vote.

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OTHER RESTRICTIONS

The Shareholders’ Agreement also prohibits Covered Persons from engaging in certain activities relating to any securities of GS Inc. with any person who is not a Covered Person or a director, officer or employee of GS Inc. (“Restricted Persons”). Among other things, a Covered Person may not: participate in a proxy solicitation to or with a Restricted Person; deposit any shares of Common Stock in a voting trust or subject any shares of Common Stock to any voting agreement or arrangement that includes any Restricted Person; form, join or in any way participate in a “group” with any Restricted Person; or together with any Restricted Person, propose certain transactions with GS Inc. or seek the removal of any directors of GS Inc. or any change in the composition of the board of directors.

TERM, AMENDMENT AND CONTINUATION

The Shareholders’ Agreement is to continue in effect until the earlier of January 1, 2050 and the time it is terminated by the vote of 66 2/3% of the outstanding Covered Shares. The Shareholders’ Agreement may generally be amended at any time by a majority of the outstanding Covered Shares.

Unless otherwise terminated, in the event of any transaction in which a third party succeeds to the business of GS Inc. and in which Covered Persons hold securities of the third party, the Shareholders’ Agreement will remain in full force and effect as to the securities of the third party, and the third party shall succeed to the rights and obligations of GS Inc. under the Shareholders’ Agreement.

INFORMATION REGARDING THE SHAREHOLDERS’ COMMITTEE

The Shareholders’ Committee constituted pursuant to the Shareholders’ Agreement (the “Shareholders’ Committee”) shall at any time consist of each of those individuals who are both Covered Persons and members of the board of directors and who agree to serve as members of the Shareholders’ Committee. If there are less than three individuals who are both Covered Persons and members of the board of directors and who agree to serve as members of the Shareholders’ Committee, the Shareholders’ Committee shall consist of each such individual plus such additional individuals who are Covered Persons and who are selected pursuant to procedures established by the Shareholders’ Committee as shall assure a Shareholders’ Committee of not less than three members who are Covered Persons. Currently, Lloyd C. Blankfein, Gary D. Cohn and Jon Winkelried are the members of the Shareholders’ Committee.

EMPLOYEE BENEFIT PLAN TRANSFER RESTRICTIONS

Shares of Common Stock delivered to Covered Persons pursuant to certain GS Inc. employee compensation plans and arrangements are subject to restrictions on transfer. These restrictions lapse at various times depending on the terms of the grant or award.

PLEDGE AGREEMENTS

Certain Covered Persons have pledged in the aggregate 1,588,638 shares of Common Stock to banks as collateral for loans. A portion of these pledged shares may be sold from time to time with the consent of the third-party lending institution.

REGISTRATION RIGHTS INSTRUMENT FOR CHARITABLE DONATIONS

In connection with the donations of shares of Common Stock by certain Covered Persons to certain charitable organizations on December 13, 1999, December 22, 2000, December 26, 2001, January 9, 2002, December 23, 2002, January 8, 2003, December 22, 2003 and January 8, 2004, GS Inc. entered into a Registration Rights Instrument and five substantially similar Supplemental Registration Rights Instruments (the “Charitable Supplements”). The following is a description of the Registration Rights Instrument, as supplemented by the Charitable Supplements. The Registration Rights Instrument and the Charitable Supplements are filed as Exhibits to this Schedule, and the following summary of these agreements is qualified in its entirety by reference thereto.

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Pursuant to the Registration Rights Instrument and the Charitable Supplements, GS Inc. has agreed to register the donated shares of Common Stock for resale by charitable foundations and public charities. GS Inc. has agreed in the Registration Rights Instrument and the Charitable Supplements to pay all of the fees and expenses relating to the offering by the charitable organizations, other than any agency fees and commissions or underwriting commissions or discounts or any transfer taxes incurred by the charitable organizations in connection with their resales. GS Inc. also has agreed to indemnify the charitable organizations against certain liabilities, including those arising under the Securities Act.

GS Inc. may amend the Registration Rights Instrument and the Charitable Supplements in any manner that it deems appropriate, without the consent of any charitable organization. However, GS Inc. may not make any amendment that would cause the shares of Common Stock to fail to be “qualified appreciated stock” within the meaning of Section 170 of the Internal Revenue Code. In addition, GS Inc. may not make any amendment that would materially and adversely affect the rights of any charitable organization without the consent of a majority of the materially and adversely affected charitable organizations.

REGISTRATION RIGHTS INSTRUMENT FOR FORMER EMPLOYEE MANAGING DIRECTORS

In connection with the sale by certain Covered Persons (the “Former Employee Managing Directors”) of shares of Common Stock acquired from GS Inc. pursuant to the terms of restricted stock units, GS Inc. entered into a Supplemental Registration Rights Instrument (the “EMD Supplement”), which supplements the Registration Rights Instrument referred to above. The following is a description of the Registration Rights Instrument, as supplemented by the EMD Supplement. The Registration Rights Instrument and the EMD Supplement are filed as Exhibits to this Schedule, and the following summary of these agreements is qualified in its entirety by reference thereto.

Pursuant to the Registration Rights Instrument and the EMD Supplement, GS Inc. has agreed to pay all of the fees and expenses relating to the registered offering of shares of Common Stock held by the Former Employee Managing Directors, other than any agency fees and commissions or underwriting commissions or discounts or any transfer taxes incurred by the Former Employee Managing Directors in connection with the sales. GS Inc. also has agreed to indemnify the Former Employee Managing Directors against certain liabilities, including those arising under the Securities Act.

DERIVATIVE INSTRUMENTS

Certain Covered Persons have entered into derivative transactions with regard to shares of Common Stock as described in Annex F.

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Material to be Filed as Exhibits           Exhibit Description


A.
Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit G to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)).


B.
Supplemental Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit H to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)).


C.
Form of Counterpart to Shareholders’ Agreement for former profit participating limited partners of The Goldman Sachs Group, L.P. (incorporated by reference to Exhibit I to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)).


D.
Form of Counterpart to Shareholders’ Agreement for non-individual former owners of Hull and Associates, L.L.C. (incorporated by reference to Exhibit K to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




E.
Form of Counterpart to Shareholders’ Agreement for non-U.S. corporations (incorporated by reference to Exhibit L to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




F.
Form of Counterpart to Shareholders’ Agreement for non-U.S. trusts (incorporated by reference to Exhibit M to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




G.
Supplemental Registration Rights Instrument, dated as of June 19, 2000 (incorporated by reference to Exhibit R to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)).




H.
Power of Attorney (incorporated by reference to Exhibit X to Amendment No. 14 to the Initial Schedule 13D, filed March 29, 2001 (File No. 005-56295)).




I.
Supplemental Registration Rights Instrument, dated as of December 21, 2000 (incorporated by reference to Exhibit AA to Amendment No. 12 to the Initial Schedule 13D, filed January 23, 2001 (File No. 005-56295)).




J.
Supplemental Registration Rights Instrument, dated as of December 21, 2001 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-74006) filed by The Goldman Sachs Group, Inc.).




K.
Supplemental Registration Rights Instrument, dated as of December 20, 2002 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-101093) filed by The Goldman Sachs Group, Inc.).




L.
Form of Written Consent Relating to Sale and Purchase of Common Stock (incorporated by reference to Exhibit FF to Amendment No. 35 to the Initial Schedule 13D, filed January 8, 2003 (File No. 005-56295)).




M.
Supplemental Registration Rights Instrument, dated as of December 19, 2003 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-110371) filed by The Goldman Sachs Group, Inc.).

-13-


Table of Contents

Exhibit Description


N.
Amended and Restated Shareholders’ Agreement, effective as of the close of business on June 22, 2004 (incorporated by reference to Exhibit M to Amendment No. 54 to the Initial Schedule 13D, filed June 22, 2004 (File No. 005-56295)).

-14-



Table of Contents

ANNEX A

INFORMATION REQUIRED AS TO EXECUTIVE OFFICERS AND DIRECTORS OF CORPORATE
REPORTING ENTITIES.



Convictions or Beneficial
Violations of Ownership of the
Federal or State Common Stock of The
Laws within the Goldman Sachs
Name Citizenship Business Address Present Employment Last Five Years Group, Inc.

Steven M. Bunson
USA 85 Broad Street
New York, NY
10004 Managing Director,
The Goldman Sachs
Group, Inc. None Less than 1% of the outstanding shares of Common Stock.


Michael H. Richardson
UK 26 New Street,
St. Helier, Jersey,
JE4 3RA Partner,
Bedell Cristin None None

Anthony J. Dessain
UK 26 New Street,
St. Helier, Jersey,
JE4 3RA Partner,
Bedell Cristin None None

-15-


Table of Contents

ANNEX B



ITEMS 2(D) AND 2(E). INFORMATION REQUIRED AS TO CERTAIN PROCEEDINGS.

None.

-16-


Table of Contents

ANNEX C



ITEM 4. PLANNED DISPOSITION OF SECURITIES OF THE ISSUER BY COVERED PERSONS OR REPORTING ENTITIES.

None.

-17-



Table of Contents




ANNEX D



ITEM 5(A). DESCRIPTION OF SHARES AS TO WHICH THERE IS A RIGHT TO ACQUIRE EXERCISABLE WITHIN 60 DAYS.

An aggregate of 10,352,699 shares of Common Stock are deliverable to Covered Persons upon the exercise of stock options, all of which have vested and are exercisable. This share amount includes the gross number of shares of Common Stock underlying these options, which are included in the aggregate number of shares beneficially owned by the Covered Persons under Rule 13d-3(d)(1) because they represent a right to acquire beneficial ownership within 60 days of the date hereof. Upon the exercise of stock options, a net amount of shares will be actually delivered to the Covered Person, with some shares withheld for tax payments, to fund the option strike price or for other reasons. The net shares delivered to the Covered Person will continue to be included in aggregate number of shares beneficially owned by the Covered Persons. The withheld shares will cease to be beneficially owned by any Covered Person, and will no longer be included in the aggregate number of shares beneficially owned by Covered Persons.

Prior to delivery, the shares are included in Sixty Day Shares because the Covered Persons do not have the right to vote the shares. Upon delivery, the shares become Voting Shares.

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Table of Contents


ANNEX E



ITEM 5(C). DESCRIPTION OF ALL TRANSACTIONS IN THE COMMON STOCK EFFECTED BY COVERED PERSONS OR REPORTING ENTITIES IN THE PAST 60 DAYS AND NOT PREVIOUSLY REPORTED ON SCHEDULE 13D.

On November 30, 2007, pursuant to the terms under the firm’s equity compensation programs, 869,299 shares were delivered to an escrow account for the benefit of certain Covered Persons and became Other Shares; 146,618 shares were delivered to Covered Persons and became Voting Shares. On January 7, 2008, 199,911 Other Shares that were formerly held in escrow for the benefit of certain Covered Persons were delivered to Covered Persons and became Voting Shares. In addition, on January 7, 2008, 5,195,572 shares of Common Stock were delivered to Covered Persons pursuant to the terms of restricted stock units and became Voting Shares.

The following sales of Voting Shares were made by the following Covered Persons or Reporting Entities through one or more subsidiaries of GS Inc. for cash on the New York Stock Exchange:



Covered Person Trade Date Number of Shares Price Per Share (in $)

Gregg R. Lemkau
December 19, 2007 595 204.85

James A. McNamara
December 19, 2007 215 204.42

Robert Litterman
December 19, 2007 25,000 202.01

Timothy H. Moe
December 19, 2007 2,160 202.00

Rumiko Hasegawa
December 31, 2007 1,000 213.00

Rumiko Hasegawa
December 31, 2007 1,000 215.00

Rumiko Hasegawa
January 4, 2008 327 202.00

Allan S. Marson
January 7, 2008 5,143 198.50

Colin J. Corgan
January 7, 2008 12,944 196.96

David B. Heller
January 7, 2008 3,925 198.29

David B. Philip
January 7, 2008 5,000 195.59

Ivan Ross
January 7, 2008 750 193.54

Jeffrey B. Goldenberg
January 7, 2008 2,000 197.05

Jonathan A. Beinner
January 7, 2008 14,835 198.47

Juan A. Del Rivero
January 7, 2008 100 193.93

Juan A. Del Rivero
January 7, 2008 100 194.02

Juan A. Del Rivero
January 7, 2008 200 193.97

Juan A. Del Rivero
January 7, 2008 245 194.03

Juan A. Del Rivero
January 7, 2008 300 193.90

Juan A. Del Rivero
January 7, 2008 1,200 193.98

Juan A. Del Rivero
January 7, 2008 2,000 194.00

Juan A. Del Rivero
January 7, 2008 2,800 193.91

Luca D. Ferrari
January 7, 2008 1,825 198.50

Marc O. Nachmann
January 7, 2008 3,000 197.77

Margaret J. Holen
January 7, 2008 3,359 198.18

Mark E. Agne
January 7, 2008 5,518 194.67

Michael L. Dweck
January 7, 2008 2,000 193.79

Peter C. Oppenheimer
January 7, 2008 3,000 194.05

Raanan A. Agus
January 7, 2008 8,000 192.56

Raymond J. Iwanowski
January 7, 2008 1,000 192.68

Robert Litterman
January 7, 2008 25,944 195.43

Rumiko Hasegawa
January 7, 2008 536 198.50

Stacy Bash-Polley
January 7, 2008 7,000 195.62

Stephen J. McGuinness
January 7, 2008 16,790 193.25

Stephen M. Scherr
January 7, 2008 3,800 198.59

Steven M. Barry
January 7, 2008 2,814 198.50

Steven M. Bunson
January 7, 2008 1,003 198.50

O’Neill 2004 Trust
January 7, 2008 29,042 197.66

Thomas D. Teles
January 7, 2008 4,715 196.73

-19-


Table of Contents

The following sales of Voting Shares were made by the following Covered Persons through an affiliate of Mellon Investor Services LLC for cash on the New York Stock Exchange:

Covered Person Trade Date Number of Shares Price Per Share (in $)

Andrew F. Wilson
January 7, 2008 1,667 194.60

Antigone Loudiadis
January 7, 2008 769 194.60

Carl Faker
January 7, 2008 266 194.60

Carsten Kengeter
January 7, 2008 415 194.60

Casper W. Von Koskull
January 7, 2008 504 194.60

Christoph W. Stanger
January 7, 2008 493 194.60

Christopher M. Barter
January 7, 2008 282 194.60

Diego De Giorgi
January 7, 2008 453 194.60

Driss Ben Brahim
January 7, 2008 2,509 194.60

Edward K. Eisler
January 7, 2008 4,813 194.60

Edward M. Siskind
January 7, 2008 2,344 194.60

Frantois-Xavier de Mallmann
January 7, 2008 531 194.60

Gordon E. Dyal
January 7, 2008 739 194.60

Hughes B. Lepic
January 7, 2008 7,874 194.60

Jean A. De Pourtales
January 7, 2008 3,589 194.60

Johannes M. Boomaars
January 7, 2008 581 194.60

John J. Rafter
January 7, 2008 150 194.60

Juan A. Del Rivero
January 7, 2008 1,114 194.60

Lorenzo Grabau
January 7, 2008 1,234 194.60

Michael G. De Lathauwer
January 7, 2008 660 194.60

Nicholas H. Weber
January 7, 2008 32 194.60

Paolo Zannoni
January 7, 2008 1,540 194.60

Philippe J. Altuzarra
January 7, 2008 1,056 194.60

Richard H. Powers
January 7, 2008 1,341 194.60

Richard J. Gnodde
January 7, 2008 2,040 194.32

Salvatore Di Stasi
January 7, 2008 1,262 194.60

Samuel J. Wisnia
January 7, 2008 290 194.60

Sanaz Zaimi
January 7, 2008 1,143 194.60

Stephen C. Fitzgerald
January 7, 2008 1,216 194.60

Theodore T. Sotir
January 7, 2008 8 194.60

Yoel Zaoui
January 7, 2008 2,947 194.60

Yusuf A. Aliredha
January 7, 2008 1,073 194.60

Zubin P. Irani
January 7, 2008 502 194.60

The following purchases of Voting Shares were made by the following Covered Persons through one or more subsidiaries of GS Inc. for cash on the New York Stock Exchange:



Covered Person Trade Date Number of Shares Price Per Share (in $)

Jonathan S. Sobel
December 19, 2007 5,000 202.00

Richard T. Ong
January 4, 2008 18,116 202.00

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Table of Contents

The following purchases and sales of Other Shares were made by family members of the following Covered Persons or by estate planning entities (which are not Reporting Entities) established by the following Covered Persons through one or more subsidiaries of GS Inc. for cash on the New York Stock Exchange:

Number of Price Per Share
Covered Person Purchase or Sale Trade Date Shares (in $)

Enrico S. Gaglioti
Purchase January 4, 2008 150 200.62

Ryan D. Limaye
Sale January 7, 2008 2,000 198.50

David G. Shell
Sale January 7, 2008 3,093 198.50

The following cashless exercises of stock options were effected by the following Covered Persons, with the indicated number of underlying shares sold through an affiliate of Mellon Investor Services LLC for cash on the New York Stock Exchange:



Number Strike Sales Number Number
of Price Price of Shares of Shares
Covered Person Date of Exercise Options (in $) (in $) Sold Retained

H. John Gilbertson, Jr.
December 21, 2007 1,000 78.87 209.80 1,000 0

H. John Gilbertson, Jr.
December 21, 2007 22,763 91.61 209.85 22,763 0

H. John Gilbertson, Jr.
December 21, 2007 7,315 78.87 209.78 4,565 2,750

Keith L. Hayes
December 21, 2007 4,107 78.87 209.43 4,107 0

Keith L. Hayes
December 21, 2007 4,410 96.08 209.09 4,410 0

Keith L. Hayes
December 21, 2007 5,784 82.875 209.15 5,784 0

Keith L. Hayes
December 21, 2007 6,132 91.61 209.06 6,132 0

Nicholas F. Burgin
December 26, 2007 11,172 91.61 215.00 11,172 0

The following charitable contributions and other transfers of shares in transactions for which no consideration was received were made by the following Covered Persons:

Acquisition or
Covered Person Transfer Date Number of Shares Disposition

Margaret J. Holen
December 13, 2007 980 Acquisition

Kendrick R. Wilson III
December 19, 2007 5,000 Disposition

Mark B. Florian
December 19, 2007 465 Disposition

Paul D. Bernard
December 19, 2007 887 Disposition

Peter S. Kraus
December 19, 2007 492 Disposition

Arthur J. Peponis
December 20, 2007 74 Disposition

Melissa R. Brown
December 20, 2007 150 Disposition

Robert C. King Jr.
December 20, 2007 346 Disposition

Silverio Foresi
December 20, 2007 49 Disposition

Joseph H. Gleberman
December 21, 2007 10,000 Disposition

Peter S. Kraus
December 21, 2007 4,820 Disposition

John F.W. Rogers
December 24, 2007 3,804 Disposition

Paul M. Russo
December 26, 2007 47 Disposition

James C. Katzman
December 28, 2007 1,805 Disposition

Lloyd C. Blankfein
December 28, 2007 2,400 Disposition

Linnea K. Conrad
December 31, 2007 168 Disposition

Robert J. Pace
December 31, 2007 732 Disposition

Robert J. Pace
January 2, 2008 1,014 Disposition

-21-


Table of Contents

ANNEX F



ITEM 6. DESCRIPTION OF POSITIONS IN DERIVATIVE INSTRUMENTS OF COVERED PERSONS OR REPORTING ENTITIES.

The following Covered Persons or Reporting Entities have written American-style standardized call options or purchased American-Style standardized put options on Voting Shares with the following terms:



Call Written Strike
or Put Number of Price
Covered Person Purchased Shares (in $) Transaction Date Maturity Date

Jean A. De Pourtales
Call Written 5,400 150 May 14, 2007 January 19, 2008

Christopher A. Cole
Call Written 10,000 250 May 15, 2007 January 19, 2008

Stephen R. Pierce
Call Written 6,000 250 May 15, 2007 January 19, 2008

David M. Ryan *
Call Written 30,000 270 June 21, 2007 January 19, 2008

David H. Voon
Call Written 1,000 240 July 2, 2007 January 19, 2008

William C. Montgomery
Call Written 4,300 220 September 25, 2007 January 19, 2008

Peter K. Tomozawa
Call Written 4,500 230 September 27, 2007 January 19, 2008

Jack Levy
Call Written 60,000 230 October 1, 2007 April 19, 2008

Christopher A. Cole
Call Written 5,000 300 October 9, 2007 January 17, 2009

Ransom 2004 Settlement
Call Written 2,600 240 October 16, 2007 January 19, 2008

Ransom 2004 Settlement
Call Written 2,600 250 October 16, 2007 January 19, 2008

Michael J. Carr
Call Written 11,000 250 October 25, 2007 April 19, 2008

Tracy R. Wolstencroft
Call Written 50,000 300 October 26, 2007 April 19, 2008

C. Howard Wietschner
Call Written 200 210 December 19, 2007 January 19, 2008

Jeffrey M. Moslow
Call Written 4,900 230 December 21, 2007 April 19, 2008

C. Howard Wietschner
Call Written 1,200 200 January 4, 2008 February 16, 2008

C. Howard Wietschner
Call Written 800 210 January 4, 2008 February 16, 2008

C. Howard Wietschner
Call Written 500 195 January 7, 2008 February 16, 2008

Enrico S. Gaglioti
Call Written 4,500 210 January 7, 2008 April 19, 2008

Enrico S. Gaglioti
Call Written 3,000 220 January 7, 2008 April 19, 2008


* This option is held through an entity.

-22-



Table of Contents

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 15, 2008

By: /s/ Beverly L. O’Toole
Name: Beverly L. O’Toole
Title: Attorney-in-Fact

-23-

Table of Contents

EXHIBIT INDEX

Exhibit Description


A.
Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit G to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)).

B.
Supplemental Registration Rights Instrument, dated as of December 10, 1999 (incorporated by reference to Exhibit H to Amendment No. 1 to the Initial Schedule 13D, filed December 17, 1999 (File No. 005-56295)).

C.
Form of Counterpart to Shareholders’ Agreement for former profit participating limited partners of The Goldman Sachs Group, L.P. (incorporated by reference to Exhibit I to Amendment No. 2 to the Initial Schedule 13D, filed June 21, 2000 (File No. 005-56295)).

D.
Form of Counterpart to Shareholders’ Agreement for non-individual former owners of Hull and Associates, L.L.C. (incorporated by reference to Exhibit K to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




E.
Form of Counterpart to Shareholders’ Agreement for non-U.S. corporations (incorporated by reference to Exhibit L to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




F.
Form of Counterpart to Shareholders’ Agreement for non-U.S. trusts (incorporated by reference to Exhibit M to Amendment No. 3 to the Initial Schedule 13D, filed June 30, 2000 (File No. 005-56295)).




G.
Supplemental Registration Rights Instrument, dated as of June 19, 2000 (incorporated by reference to Exhibit R to Amendment No. 5 to the Initial Schedule 13D, filed August 2, 2000 (File No. 005-56295)).




H.
Power of Attorney (incorporated by reference to Exhibit X to Amendment No. 14 to the Initial Schedule 13D, filed March 29, 2001 (File No. 005-56295)).




I.
Supplemental Registration Rights Instrument, dated as of December 21, 2000 (incorporated by reference to Exhibit AA to Amendment No. 12 to the Initial Schedule 13D, filed January 23, 2001 (File No. 005-56295)).




J.
Supplemental Registration Rights Instrument, dated as of December 21, 2001 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-74006) filed by The Goldman Sachs Group, Inc.).




K.
Supplemental Registration Rights Instrument, dated as of December 20, 2002 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-101093) filed by The Goldman Sachs Group, Inc.).




L.
Form of Written Consent Relating to Sale and Purchase of Common Stock (incorporated by reference to Exhibit FF to Amendment No. 35 to the Initial Schedule 13D, filed January 8, 2003 (File No. 005-56295)).




M.
Supplemental Registration Rights Instrument, dated as of December 19, 2003 (incorporated by reference to Exhibit 4.4 to the registration statement on Form S-3 (File No. 333-110371) filed by The Goldman Sachs Group, Inc.).

Table of Contents
Exhibit Description


N.
Amended and Restated Shareholders’ Agreement, effective as of the close of business on June 22, 2004 (incorporated by reference to Exhibit M to Amendment No. 54 to the Initial Schedule 13D, filed June 22, 2004 (File No. 005-56295)).

-25-
https://www.sec.gov/Archives/edgar/data/886982/000095012308000450/y46682sc13dza.htm
Goldman Sachs Leads Historic Equity Offering in India

In 2007, Goldman Sachs serves as lead manager of ICICI Bank Limited’s US$4.9 billion equity offering, the largest in history by an Indian issuer.

Goldman Sachs Takes an Equity Stake in Sanyo Electric and Sanyo Electric Credit

In December 2005, the firm becomes the largest shareholder in Sanyo Electric Credit, the finance unit of the Japanese conglomerate Sanyo. One month later, the firm invests in Sanyo Electric.
Clients

Goldman Sachs Blazes New Trail With Debt Restructuring of Over US$5 Billion for Provincial Investment Trust in China

The 2000 completion of US$5.59 billion in debt restructuring of Guangdong Enterprises is the first for a Chinese state-owned enterprise. Goldman Sachs is the first foreign investment bank to be hired by one of China’s provincial governments.
Clients

Goldman Sachs is One of the “100 Best Companies to Work For” in the United States

Goldman Sachs is named to Fortune’s list of “100 Best Companies to Work For” in 1998, the ranking’s inaugural year in the magazine.
Culture


China Issues US$1 billion in Sovereign Bonds

Despite turbulence in Asian markets, China issues US$1 billion in a 1998 sovereign bond offering.
Clients

Goldman Sachs Acquires Spear, Leeds & Kellogg, a Leader in Securities Clearing and Execution

Building on its own leadership in market making and clearing, Goldman Sachs acquires Spear, Leeds & Kellogg in 2000 to become one of the leading market makers of equities and options in the US marketplace.
Clients
Universal Studios Japan Sold to Comcast NBCUniversal

In 2005, Goldman Sachs invests in Osaka theme park, selling its stake to Comcast NBCUniversal ten years later.
Clients

Goldman Sachs Announces It Will Become a Bank Holding Company

In September 2008, days after the dawn of the global financial crisis, the firm transitions to a bank holding company, regulated primarily by the Federal Reserve, strengthening its capital, liquidity and competitive position.
Clients

Third Leg of Australian Telco Privatization is a Success

In 2006, Goldman Sachs is one of four global joint coordinators in the third leg of the Australian government’s privatization of national telecommunications company Telstra in a challenging market environment.
Clients

Reshaping Research: SEC Settlement Seeks to Eliminate Conflicts; Goldman Sachs is Ahead of the Curve

A US$1.4 billion settlement is reached in 2003 between the Securities and Exchange Commission and ten of the nation’s largest investment firms, including Goldman Sachs, compelling them to address conflicts of interest between the firms’ securities and investment banking businesses. At Goldman Sachs, efforts to ensure research independence are already underway.

https://www.goldmansachs.com/our-firm/history/themes/index.html 


Sachs Family Legacy Continues as Walter Sachs Becomes Partner

Theme: Leadership

Harvard Crimson staff, circa 1904. Walter Sachs is seated in the second row, second from left.


In 1910, Walter Sachs becomes a partner of the firm founded by his grandfather Marcus Goldman, where he works alongside his father and brothers.

Walter Edward Sachs was born in New York City in 1884, the third son of Samuel Sachs and a grandson of Marcus Goldman. Many Saturday mornings as a young man, he accompanied his father from their home on New York’s Upper East Side downtown to the Goldman, Sachs & Co. office at 9 Pine Street. There, he would observe clerks with green eyeshades posting scores of entries into fat ledger books. Afterwards, Samuel Sachs would send his son home with pencils and pads from the office so he could practice his first lessons in figuring interest and discount.

Sachs attended Harvard College, from which he graduated in 1904 and where he was editor of The Crimson, part of a staff that included classmate Franklin D. Roosevelt. Following Harvard, he attended law school for one year, but ultimately found himself drawn back to the family business, joining his father and two older brothers, Paul and Arthur, at Goldman Sachs in 1908.

Shortly after joining the firm, Sachs was sent on the first of many trips Samuel Sachs would arrange to acquaint his son with the firm’s business across the country. His itinerary was to include Chicago, St. Paul, Minneapolis, Spokane, Seattle, Portland, San Francisco, Los Angeles, Denver, Kansas City, St. Joseph, and St. Louis. His mission, as described in Sachs’ 1979 autobiography, was “to call on prominent banks in those cities, and to attempt to make new contacts with important merchants and industrial concerns.” While the trip was cut short when Sachs was felled by smallpox, it was the beginning of his distinguished career traveling across the country and the world on behalf of the firm, forging relationships and playing an instrumental role in key financings.

Walter Sachs was named partner in 1910 and became a limited partner in 1959 at the age of 75. Over this time, he held directorships on more than two dozen corporate boards, including those of May Department Stores Co., Merck & Co., and Warner Brothers Pictures. In 1930, Walter Sachs became the president of the Goldman Sachs Trading Corporation and together with Sidney Weinberg took on the task of liquidating the investment trust’s assets.

Throughout his lifetime, Sachs was active in philanthropic and civic affairs. In 1911, he became one of five incorporators of the National Association for the Advancement of Colored People (NAACP), for which he served as Treasurer. Sachs was introduced to the organization, then in its infancy, by Oswald Garrison Villard, whom he met through the University Settlement Society, an organization that offered a variety of services to the poor, many of whom were immigrants, on New York City’s Lower East Side.

Sachs’ brother Paul played a formative role in another prominent African American organization, the National Urban League, of which Goldman Sachs client Julius Rosenwald, president of Sears, Roebuck & Co., was a financial backer. Discussions with Rosenwald, who was passionate about supporting leading African American colleges, and his work with the University Settlement Society, inspired Walter Sachs’ involvement with the incorporation of the NAACP.

Walter Sachs retired in 1959 and remained a limited partner of Goldman Sachs until his death in 1980 at the age of 96.

https://www.goldmansachs.com/our-firm/history/moments/1910-walter-sachs-partners.html 

Goldman Sachs Helps a French Utility Tap the US Commercial Paper Market

ThemeS: Clients | Innovation

Électricité de France power plant.

Just over a century after Goldman Sachs began dealing in commercial paper, the firm leads a commercial paper issuance for state-owned electric utility Électricité de France in 1974, the first ever in the United States on behalf of a foreign government entity.

The commercial paper market in the United States was large and rapidly growing in the high-interest-rate environment of the 1970s. In 1974, the volume of commercial paper issued exceeded past highs, as short-term borrowers found commercial paper rates as much as two percentage points below the prime rate charged by commercial banks. At the time, Goldman Sachs was the world’s largest commercial paper dealer and held approximately 40 percent of the domestic market.

When French state-owned utility Électricité de France (ÉdF) sought funds for a nuclear power construction program that year to lessen its dependence on foreign oil, Goldman Sachs—along with Crédit Lyonnais and Morgan Guaranty Trust Co.—privately arranged a 10-year US$500 million Eurodollar revolving credit line for ÉdF.

A few months after the loan was underwritten, ÉdF began issuing commercial paper in New York. Goldman Sachs managed the commercial paper sale for ÉdF—the first ever in the United States on behalf of a foreign government entity. The paper, which carried French government backing, offered ÉdF a lower short-term borrowing cost than the prevailing Eurodollar rate (near 12.5 percent versus around 13.75 percent for 90-day paper).

The ÉdF issuance underscored Goldman Sachs’ leadership position in the commercial paper market globally and served as another example of the firm’s innovative financing approaches. Goldman Sachs also helped several US companies issue commercial paper for the first time in 1974, among them Carrier Corporation, Federated Department Stores, Inc., and Minnesota Mining and Manufacturing Company (now 3M).

Goldman Sachs would go on to work with ÉdF in the years that followed on other financings, including a twelve-year syndicated bank loan for US$1.1 billion in 1979.

https://www.goldmansachs.com/our-firm/history/moments/1974-electricite-de-france.html


Looking to Expand in Asia, Goldman Sachs Establishes Hong Kong Presence

ThemeS: Culture | Globalization

Interior of Hong Kong office, circa 2000.

Goldman Sachs opens an office in Hong Kong in 1983, recognizing the role of the port territory as a vital financial bridge for the entire Asian region.

The colony of Hong Kong, a territory in southeastern China, had first been ceded to the British by China under the Treaty of Nanking in 1842. The vibrant port quickly became an important center of commerce and banking, and served as a commercial gateway to China and the rest of Asia. 1984 marked a landmark agreement between Great Britain and China in which British Prime Minister Margaret Thatcher committed to the UK’s surrender of Hong Kong to China in 1997 under a “one country, two systems” formula proposed by Chinese leader Deng Xiaoping, whereby Hong Kong would continue to operate under a capitalist system for 50 years.

Goldman Sachs opened an office in Hong Kong in October of 1983, with an initial focus on investment banking activities and an overarching objective of establishing the Goldman Sachs name in the region. The same month, the firm’s Tokyo representative office (first opened in 1974) was converted into a full-service, multi-divisional office. At the time, the firm had a substantial fixed income sales presence in Tokyo that encompassed accounts across Asia.

Within a year, and with only two employees, Goldman Sachs reaped the benefits of an on-the-ground presence in Hong Kong. The firm offered the commercial paper notes of the Mass Transit Railway Corporation in 1984, the first time a Hong Kong corporation issued commercial paper in the United States. Also in 1984, the firm was asked to assist two of the most important organizations in Hong Kong at the time: The Hongkong and Shanghai Banking Corporation (HSBC) and Hongkong Land.

By late 1989, the office had grown to 15 employees. A year later, the equities division was established and investment banking activities expanded. In 1992, both research and principal investment activities were initiated, and in 1993 a specialized capital markets group was formed and the firm’s J. Aron division established substantial commodities, currency and derivatives operations in the Hong Kong office.

That same year, Goldman Sachs completed a block trade of more than six million American Depositary Shares of News Corporation on behalf of Hong Kong’s Hutchison Whampoa Limited and the Li Family. The US$290 million transaction was one of the largest block trades ever executed in Asia. The firm also advised Hutchison Whampoa Limited in the sale of an interest in StarTV to News Corporation that year. By the end of 1993, Hong Kong served as the regional hub for Goldman Sachs’ rapidly growing presence in other parts of Asia. (The firm had opened a Singapore office in 1989 and would open two offices in Mainland China—in Beijing and Shanghai—in 1994.)

In 1999, Goldman Sachs advised the Hong Kong government on the initial disposal of shares it purchased in August 1998 to deter the attack on the region’s financial markets following the 1997 Asian Financial Crisis. The firm was then joint global coordinator for the US$4.3 billion IPO of the Tracker Fund of Hong Kong (TraHK), an innovative exchange-traded investment fund tracking the Hang Seng index. In 2000, Goldman Sachs also served as joint financial advisor and joint underwriter in the IPO of a 23 percent stake of the Mass Transit Railway Corporation.

In 2010, the firm served crucial roles in the largest-ever Hong Kong IPO (US$20.5 billion), that of insurer AIA Group Limited, the main Asian subsidiary of American International Group (AIG). The Hong Kong office continues to be a critical conduit between the firm’s Chinese and other Asian clients and global investors and is the largest office in the Asia Pacific region. In 2018 alone, the firm raised US$110 billion for these clients through the Hong Kong office.

https://www.goldmansachs.com/our-firm/history/moments/1983-hong-kong.html

We invest primarily in US middle market companies, which we believe require tailored financing solutions for their businesses.

Our dedicated team of professionals has extensive experience in middle market credit. In addition, we are able to draw upon the vast resources of Goldman Sachs to assist in the evaluation of potential investment opportunities and to provide a range of value-added services to our portfolio companies.

We have elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940.

GSBD is managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser.
https://www.goldmansachsbdc.com/content/gsam/us/en/bdc/about-goldman-sachs-bdc.html

Goldman Sachs BDC, Inc. (0001572694)

State location: NY | State of Inc.: DE | Fiscal Year End: 1231
formerly: Goldman Sachs Liberty Harbor Capital, LLC (until 2013-03-29)


Business Address
200 WEST STREET
ATT: PRIVATE CREDIT GROUP
NEW YORK NY 10282
1-212-902-0328
Mailing Address
200 WEST STREET
ATT: PRIVATE CREDIT GROUP
NEW YORK NY 10282


Ownership Reports for Issuers: (Click on issuer name to see other owners for the issuer, or CIK for issuer filings.)


Issuer Filings Transaction Date Type of Owner
Elah Holdings, Inc.
Current Name:ELAH Holdings, Inc. 0000038984 2018-05-09 10 percent owner

https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001572694
 
The Team

Goldman Sachs Asset Management (GSAM) serves as investment adviser to Goldman Sachs BDC, Inc.

The GSAM Private Credit Group is responsible for identifying investment opportunities, conducting research and due diligence on prospective investments, structuring investments and monitoring and servicing investments.

We benefit from Goldman Sachs’ extensive network of relationships, leading institutional infrastructure and a tremendous amount of in-house industry knowledge and experience.

Our business and affairs are managed under the direction of our independent Board of Directors.

Executives
Board of Directors

Brendan McGovern
Chief Executive Officer and President

Mr. McGovern was appointed as our chief executive officer and president in March 2013. Mr. McGovern heads GSAM’s Private Credit Group and also serves as co-head and senior portfolio manager of the GSAM Credit Alternatives portfolio management team. He is also the Chair and a voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. Mr. McGovern joined the firm in 2006. Prior to joining the firm, Mr. McGovern served as a managing director in the Global Investment Group at Amaranth Advisors, where he co-headed the fund’s private placement efforts for both debt and equity linked products in the United States. He is also on the Board of Directors for the Oxalosis and Hyperoxaluria Foundation.

Jon Yoder
Chief Operating Officer

Mr. Yoder was appointed as our chief operating officer in March 2013. Mr. Yoder is a member of GSAM’s Private Credit Group with a focus on sourcing, structuring and executing privately negotiated debt financings. He is also a voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. Mr. Yoder joined the firm in 2005. Prior to joining the firm, he was a member of the mergers and acquisitions and private equity groups at Paul, Weiss, Rifkind, Wharton & Garrison, LLP.


Jonathan Lamm
Chief Financial Officer and Treasurer

Mr. Lamm was appointed as our chief financial officer and treasurer in March 2013. Mr. Lamm is also chief operating officer of the GSAM Credit Alternatives portfolio management team, responsible for the operations of the business, including business financials, infrastructure support, and IT project management, as well as the continuous improvement of the control environment. Mr. Lamm is secretary and a non-voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. He joined the firm in 1999. Prior to joining the firm, Mr. Lamm worked in the securities audit practice at Deloitte and Touche LLP.

Mike Mastropaolo
Executive Vice President

Mr. Mastropaolo was appointed as an executive vice president of the Company in February 2019. Mr. Mastropaolo is a member of the GSAM Credit Alternatives team with a focus on sourcing, structuring and executing privately negotiated debt financings. He is also a voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. Mr. Mastropaolo joined the firm in 2016. Prior to joining the firm, Mr. Mastropaolo was a Director at Golub Capital where he originated and managed middle market debt and equity investments. Mr. Mastropaolo has been investing in middle market credit for his entire career which started at General Electric in the Investment Analyst training program at GE Capital.

Julien Yoo
Chief Compliance Officer

Ms. Yoo was appointed as our chief compliance officer in June 2019. Ms. Yoo is Vice President of GSAM Compliance, Head of US Regulatory Compliance and Private Investing Compliance teams within GSAM Compliance, and Chief Compliance Officer of the GS Mutual Funds, Closed End Funds and Exchange-Traded Funds. Ms. Yoo joined the firm in 2013. Prior to joining the firm, Julien was a Vice President in the legal department of Morgan Stanley Investment Management for 5 years. Prior to joining Morgan Stanley, she was an associate at Shearman & Sterling, LLP and at Swidler Berlin Shereff Friedman, LLP from 1996-2004.


Jordan Walter
Executive Vice President

Mr. Walter was appointed as an executive vice president of the Company in February 2018. Mr. Walter is a member of the GSAM Credit Alternatives team with a focus on sourcing, structuring and executing privately negotiated debt financings. He is also a voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. Mr. Walter joined the firm in 2014. Prior to joining the firm, Mr. Walter was a vice president at MCG Capital where he originated and managed middle market debt and equity investments. Prior to joining MCG Capital, Mr. Walter was in the Financial Management Program at General Electric.

David Yu
Executive Vice President and Head of Research

Mr. Yu was appointed as an executive vice president of the Company in March 2013. Mr. Yu is a member of the GSAM Private Credit Group with a focus on sourcing, structuring and executing privately negotiated debt financings and serves as its Head of Research. Mr. Yu is a voting member of the Private Credit Group’s Investment Committee, which is responsible for evaluating and approving all of the Company’s investments. Mr. Yu joined the firm in 2006. Prior to joining the firm, Mr. Yu was an associate in the Global Investments Group at Amaranth Advisors, where he similarly worked with public and private issuers to structure and execute debt and equity financings. Prior to joining Amaranth, he worked in the Leveraged Finance and Sponsor Coverage Group at CIBC World Markets.

https://www.goldmansachsbdc.com/content/gsam/us/en/bdc/about-goldman-sachs-bdc/team/the-team-executives.html 

 

Timeline: Goldman Sachs through good times and bad

Charting the rise of Goldman Sachs, the bonuses, bailouts, and the one-room office in New York where it all started.

Goldman Sachs began in New York City when a German immigrant, Marcus Goldman, opened a one-room office on Pine Street. Photo: GETTY IMAGES
2:33PM GMT 19 Nov 2010

September 2010: Vince Cable refers to bankers as "spivs and gamblers" at the Liberal Democrat's party conference.

April 28, 2010 - Mr Blankfein admits he believed Goldman Sachs had no moral obligation to tell clients it was betting against a product it is asking them to buy.

April 16, 2010 - SEC sues Goldman Sachs for fraudulently selling collateralised debt obligation tied to sub-prime mortgages.

January 13, 2010 - Mr Blankfein testifies before the Financial Crisis Inquiry Commission, that he considers Goldman Sachs’ role as primarily a market maker, not a creator of subprime mortgage-related securities.


November 2009 - Mr Blankfein says he, and fellow bankers, are “doing God’s work”.


Related Articles
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19 Nov 2010
Goldman Sachs just won't learn when it comes to bankers' pay
19 Nov 2010
Goldman in quotes: 'Vampire Squid' to 'Fabulous Fab'
25 Mar 2011
Michael Sherwood - the UK's golden Goldman boy
19 Nov 2010


2009 - Forbes magazine names Mr Blankfein “the most outrageous chief executive” of the year, while the Financial Times names him “person of the year”.

June 2009 - Goldman pays back bail-out money plus 23pc interest. Prompts outrage when it almost immediately announces it will set aside $6.65bn for staff compensation that year.

October 2008 - Goldman receives a $10bn taxpayer bailout from the US Government's Troubled Asset Relief Program.

2008 - As the financial downturn finally catches up, Goldman becomes a bank holding company so it can access federal funds more easily.

2007 - While many of its rivals were struggling, reports that Goldman had profited from the sub-prime mortgage crisis emerge, with traders bets that securities backed by risky home loans would fall in value reportedly generating $4bn of profits, erasing $1.5bn to $2bn of mortgage-related losses elsewhere in the firm. Goldman would later deny it made any profit from the sub-prime crisis.

May 31 2006 - Following Henry Paulson's resignation to become US Treasury Secretary, Lloyd Blankfein is appointed chief executive of Goldman Sachs. He earned a total of $53.4m, including a cash bonus of $27.3m, in 2006, making him one of the highest paid executives on Wall Street.

1956 - After slowing shifting away from its trading business and more towards investment banking, Goldman is rewarded with the title of lead adviser on Ford's IPO in 1956.

1928 - The company launches the Goldman Sachs Trading Corp, a closed-end fund which failed after the stock market crash of 1929, harming its reputation for several years.

1869 - Goldman Sachs begins in New York City when a German immigrant, Marcus Goldman, opens a one-room office on Pine Street. Goldman is joined in 1882 by his son-in-law, Samuel Sachs. Goldman Sachs is born.

https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8146839/Timeline-Goldman-Sachs-through-good-times-and-bad.html

 

SC 13D/A 1 d23637sc13dza.htm AMENDMENT TO SCHEDULE 13D

OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 2005
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hours per response...15

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 4)*


Grubb & Ellis Company


(Name of Issuer)


Common Stock, $0.01 par value

(Title of Class of Securities)

400095204

(CUSIP Number)


David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street, New York, New York 10004

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

March 9, 2005

(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 400095204 Page 2 of 12


1. Name of Reporting Person:
Archon Group, L.P. I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) o
(b) o


3. SEC Use Only:

4. Source of Funds (See Instructions):
Not Applicable

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

6. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0

8. Shared Voting Power:
60,155

9. Sole Dispositive Power:
0

10. Shared Dispositive Power:
60,155

11. Aggregate Amount Beneficially Owned by Each Reporting Person:
60,155

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o

13. Percent of Class Represented by Amount in Row (11):
0.4%

14. Type of Reporting Person (See Instructions):
PN

CUSIP No. 400095204 Page 3 of 12

1. Name of Reporting Person:
Archon Gen-Par, Inc. I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) o
(b) o

3. SEC Use Only:

4. Source of Funds (See Instructions):
Not Applicable


5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o


6. Citizenship or Place of Organization:
Delaware


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0

8. Shared Voting Power:
60,155

9. Sole Dispositive Power:
0

10. Shared Dispositive Power:
60,155

11. Aggregate Amount Beneficially Owned by Each Reporting Person:
60,155

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o


13. Percent of Class Represented by Amount in Row (11):
0.4%


14. Type of Reporting Person (See Instructions):
CO

CUSIP No. 400095204 Page 4 of 12

1. Name of Reporting Person:
The Goldman Sachs Group, Inc. I.R.S. Identification Nos. of above persons (entities only):

2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) o
(b) o


3. SEC Use Only:

4. Source of Funds (See Instructions):
Not Applicable

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o

6. Citizenship or Place of Organization:
Delaware

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0


8. Shared Voting Power:
859,355


9. Sole Dispositive Power:
0


10. Shared Dispositive Power:
859,355


11. Aggregate Amount Beneficially Owned by Each Reporting Person:
859,355


12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o


13. Percent of Class Represented by Amount in Row (11):
5.7%


14. Type of Reporting Person (See Instructions):
HC/CO

CUSIP No. 400095204 Page 5 of 12


1. Name of Reporting Person:
Goldman, Sachs & Co. I.R.S. Identification Nos. of above persons (entities only):



2. Check the Appropriate Box if a Member of a Group (See Instructions):
(a) o
(b) o


3. SEC Use Only:


4. Source of Funds (See Instructions):
Not Applicable


5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): þ


6. Citizenship or Place of Organization:
Delaware


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
7. Sole Voting Power:
0


8. Shared Voting Power:
859,355


9. Sole Dispositive Power:
0


10. Shared Dispositive Power:
859,355


11. Aggregate Amount Beneficially Owned by Each Reporting Person:
859,355


12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):
o


13. Percent of Class Represented by Amount in Row (11):
5.7%


14. Type of Reporting Person (See Instructions):
PN/BD/IA

Page 6 of 12 Pages

Archon Group, L.P., Archon Gen-Par, Inc., The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. hereby amend the Schedule 13D dated January 24, 1997 (the “Schedule 13D”) filed by such reporting persons with the Securities and Exchange Commission in respect of shares of common stock, par value $0.01 per share, of Grubb & Ellis Company, a Delaware corporation (the “Company”), as amended by Amendment No. 1 to the Schedule 13D dated December 4, 2000, Amendment No. 2 to the Schedule 13D dated February 1, 2001 and Amendment No. 3 to the Schedule 13D dated March 9, 2005. Except as otherwise expressly provided herein, all Items of the Schedule 13D remain unchanged. Capitalized terms used but not defined herein shall have the meaning attributed to such terms in the Schedule 13D.

Item 2. Identity and Background.

Schedule 2A to the Schedule 13D is hereby amended to read in its entirety in the form attached hereto.

Page 7 of 12 Pages

Signature

Each Reporting Person certifies that, after reasonable inquiry and to the best of such Reporting Person’s knowledge and belief, the information set forth in this statement is true, complete and correct.

Dated: March 21, 2005 ARCHON GROUP, L.P.
By: /s/ Edward T. Joel
Name: Edward T. Joel
Title: Attorney-in-Fact

Dated: March 21, 2005 ARCHON GEN-PAR, INC.
By: /s/ Edward T. Joel
Name: Edward T. Joel
Title: Attorney-in-Fact

Dated: March 21, 2005 GOLDMAN, SACHS & CO.
By: /s/ Edward T. Joel
Name: Edward T. Joel
Title: Attorney-in-Fact

Dated: March 21, 2005 THE GOLDMAN SACHS GROUP, INC.
By: /s/ Edward T. Joel
Name: Edward T. Joel
Title: Attorney-in-Fact

Page 8 of 12 Pages

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC. (the “Company”) does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel, Saskia Brookfield Martin and Ted Chang, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 12, 2003.

THE GOLDMAN SACHS GROUP, INC.

By: /s/ Gregory K. Palm
Name: Gregory K. Palm
Title: Executive Vice President and General Counsel

Page 9 of 12 Pages

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the “Company”) does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel, Saskia Brookfield Martin and Ted Chang, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of November 19, 2003.

GOLDMAN, SACHS & CO.
By: /s/ Gregory K. Palm
Name: Gregory K. Palm
Title: Managing Director

Page 10 of 12 Pages

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that ARCHON GROUP, L.P. (the “Company”) does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel and Ted Chang, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, as amended, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted ceases to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of August 19, 2004.

ARCHON GROUP, L.P.
By: Archon Gen-Par, Inc.
By:/s/ Elizabeth M. Burban
Name: Elizabeth M. Burban
Title: Vice President

Page 11 of 12 Pages

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that ARCHON GEN-PAR, INC. (the “Company”) does hereby make, constitute and appoint each of Roger S. Begelman, Edward T. Joel and Ted Chang, (and any other employee of The Goldman Sachs Group, Inc. or one of its affiliates designated in writing by one of the attorneys-in-fact), acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company under the Securities Exchange Act of 1934, (as amended, the “Act”), with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until either revoked in writing by the undersigned or until such time as the person or persons to whom power of attorney has been hereby granted cease(s) to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of August 19, 2004.

ARCHON GEN-PAR, INC.
By:/s/ Elizabeth M. Burban
Name: Elizabeth M. Burban
Title: Vice President

Page 12 of 12 Pages

Schedule 2A

The names and principal occupations of each of the executive officers of AGP are set forth below:

Name Present Principal Occupation
Stuart M. Rothenberg
Managing Director of Goldman, Sachs & Co.

Todd A. Williams
Managing Director of Goldman, Sachs & Co.

Edward M. Siskind
Managing Director of Goldman Sachs International

Kevin D. Naughton
Managing Director of Goldman, Sachs & Co.

Esta E. Stecher
Managing Director of Goldman, Sachs & Co.

David A. Viniar
Managing Director of Goldman, Sachs & Co.

The directors of AGP are set forth below:

Name Present Principal Occupation

Stuart M. Rothenberg
Managing Director of Goldman, Sachs & Co.

James L. Lozier, Jr.
President and Chief Executive Officer of Archon Group, L.P.

Todd A. Williams
Managing Director of Goldman, Sachs & Co.

Edward M. Siskind
Managing Director of Goldman, Sachs & Co.

Esta E. Stecher
Managing Director of Goldman, Sachs & Co.

Brian M. Ainsworth
Vice President of Archon Group, L.P.

Ken N. Murphy
Vice President and Chief Operating Officer of Archon Group, L.P.

David A. Viniar
Managing Director of Goldman, Sachs & Co.

The business address of all the executive officers and directors listed above except Edward M. Siskind, Brian M. Ainsworth, James L. Lozier, Jr., Ken N. Murphy and Todd A. Williams is 85 Broad Street, New York, NY 10004. The business address of Edward M. Siskind is Peterborough Court, 133 Fleet Street, London EC4A 2BB, England. The business address of Brian M. Ainsworth is 53, rue de Chateaudun, 75009, Paris, France. The business address of James L. Lozier, Jr. and Ken N. Murphy is 600 East Las Colinas Blvd., Suite 400, Irving, TX 75039. The business address of Todd A. Williams is 100 Crescent Court, Suite 1000, Dallas, TX 75201.

Each person listed above is a citizen of the United States of America.

https://www.sec.gov/Archives/edgar/data/216039/000095013405005539/d23637sc13dza.htm
 

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Documents

Form 424B2 Goldman Sachs Group Inc

Prospectus [Rule 424(b)(2)]

SEC.report
/ GOLDMAN SACHS GROUP INC
/ Form 424B2
/ (Filer)

SEC.report
/ GS Finance Corp.
/ Form 424B2
/ (Filer)

Published: 2019-10-08 16:28:25
Submitted: 2019-10-08

gs-424b2.htm 424B2

Zoom In Zoom Out

gs-424b2.htm


Filed Pursuant to Rule 424(b)(2)

Registration Statement No. 333-219206
GS Finance Corp.



$833,000

S&P 500® Index-Linked Trigger Notes due 2021

guaranteed by

The Goldman Sachs Group, Inc.


The notes do not bear interest.

The amount that you will be paid on your notes on the stated maturity date (April 8, 2021) is based on the performance of the S&P 500® Index as measured from the trade date (October 4, 2019) to each of the averaging dates (March 29, March 30, March 31, April 1 and April 5, 2021).


If the final index level, which is the arithmetic average of the closing levels of the index on each of the averaging dates, is equal to or greater than 82.24% of the initial index level of 2,952.01, then the return on your notes will equal the greater of (i) 0% and (ii) the index return (the percentage increase or decrease in the final index level from the initial index level).

If the final index level is less than 82.24% of the initial index level, then the return on your notes will equal the index return

Therefore, you could receive less than the face amount of your notes on the stated maturity date and you will lose your entire investment in the notes if the final index level is zero.

On the stated maturity date, for each $1,000 face amount of your notes you will receive an amount in cash equal to:




if the final index level is
equal to
or
greater than
82.24% of the initial index level, the
sum
of (a) $1,000
plus
(b) the
greater
of:




the
product
of the index return
times
$1,000; and




the
product
of 0%
times
$1,000; or


if the final index level is
less than
82.24% of the initial index level, the
sum
of (a) $1,000
plus
(b) the
product
of the index return
times
$1,000

.You should read the disclosure herein to better understand the terms and risks of your investment, including the credit risk of GS Finance Corp. and The Goldman Sachs Group, Inc. See page PS-11.

The estimated value of your

notes at the time the terms of your notes are set on the trade date is equal to approximately $981 per $1,000 face amount. For a discussion of the estimated value and the price at which Goldman Sachs & Co. LLC would initially buy or sell your notes, if it makes a market in the notes, see the following page.

Original issue date:
October 9, 2019

Original issue price:
100% of the face amount

Underwriting discount:
1.35% of the face amount1

Net proceeds to the issuer:
98.65% of the face amount

1 This includes a selling concession of up to 1.25%.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.

Goldman Sachs & Co. LLC

JPMorgan

Placement Agent

Pricing Supplement No. 6,731 dated October 4, 2019.


The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. We may decide to sell additional notes after the date of this pricing supplement, at issue prices and with un

derwriting discounts and net proceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for such notes.


GS Finance Corp. may use this prospectus in the initial sale of the notes. In addition, Goldman Sachs & Co. LLC or any other affiliate of GS Finance Corp. may use this prospectus in a market-making transaction in a note after its initial sale.

Unless GS Finance Corp. or its agent informs the purchaser otherwise in the confirmation of sale, this prospectus is being used in a market-making transaction.

Estimated Value of Your Notes

The estimated value of your


notes at the time the terms of your notes are set on the trade date (as determined by reference to pricing models used by Goldman Sachs & Co. LLC (GS&Co.) and taking into account our credit spreads) is equal to approximately $981 per $1,000 face amount, which is less than the original issue price. The value of your notes at any time will reflect many factors and cannot be predicted; however, the price (not including GS&Co.

s customary bid and ask spreads) at which GS&Co. would initially buy or sell notes (if it makes a market, which it is not obligated to do) and the value that GS&Co. will initially use for account statements and otherwise is equal to approximately the estimated value of your notes at the time of pricing, plus an additional amount (initially equal to $14 per $1,000 face amount).

Prior to April 4, 2020, the price (not including GS&Co.’s customary bid and ask spreads) at which GS&Co. would buy or sell your notes (if it makes a market, which it is not obligated to do) will equal approximately the sum of (a) the then-current estimated value of your notes (as determined by reference to GS&Co.’s pricing models) plus (b) any remaining additional amount (the additional amount will decline to zero on a straight-line basis from the time of pricing through April 3, 2020). On and after April 4, 2020, the price (not including GS&Co.’s customary bid and ask spreads) at which GS&Co. would buy or sell your notes (if it makes a market) will equal approximately the then-current estimated value of your notes determined by reference to such pricing models.

About Your Prospectus

The notes are part of the Medium-Term Notes, Series E program of GS Finance Corp. and are fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. This prospectus includes this pricing supplement and the accompanying documents listed below. This pricing supplement constitutes a supplement to the documents listed below and should be read in conjunction with such documents:


Product supplement no. 1,740 dated July 10, 2017


General terms supplement no. 1,734 dated July 10, 2017


Prospectus supplement dated July 10, 2017


Prospectus dated July 10, 2017


The information in this pricing supplement supersedes any conflicting information in the documents listed above. In addition, some of the terms or features described in the listed documents may not apply to your notes.


PS-2

SUMMARY INFORMATION




We refer to the notes we are offering by this pricing supplement as the “offered notes” or the “notes”. Each of the offered notes has the terms described below. Please note that in this pricing supplement, references to “GS Finance Corp.”, “we”, “our” and “us” mean only GS Finance Corp. and do not include its subsidiaries or affiliates, references to “The Goldman Sachs Group, Inc.”, our parent company, mean only The Goldman Sachs Group, Inc. and do not include its subsidiaries or affiliates and references to “Goldman Sachs” mean The Goldman Sachs Group, Inc. together with its consolidated subsidiaries and affiliates, including us. Also, references to the “accompanying prospectus” mean the accompanying prospectus, dated July 10, 2017, references to the “accompanying prospectus supplement” mean the accompanying prospectus supplement, dated July 10, 2017, for Medium-Term Notes, Series E, references to the “accompanying general terms supplement no. 1,734” mean the accompanying general terms supplement no. 1,734, dated July 10, 2017, and references to the “accompanying product supplement no. 1,740” mean the accompanying product supplement no. 1,740, dated July 10, 2017, in each case of GS Finance Corp. and The Goldman Sachs Group, Inc. The notes will be issued under the senior debt indenture, dated as of October 10, 2008, as supplemented by the First Supplemental Indenture, dated as of February 20, 2015, each among us, as issuer, The Goldman Sachs Group, Inc., as guarantor, and The Bank of New York Mellon, as trustee. This indenture, as so supplemented and as further supplemented thereafter, is referred to as the “GSFC 2008 indenture” in the accompanying prospectus supplement.

This section is meant as a summary and should be read in conjunction with the section entitled “General Terms of the Underlier-Linked Trigger Notes” on page S-36 of the accompanying product supplement no. 1,740 and “Supplemental Terms of the Notes” on page S-16 of the accompanying general terms supplement no. 1,734. Please note that certain features, as noted below, described in the accompanying product supplement no. 1,740 and general terms supplement no. 1,734 are not applicable to the notes. This pricing supplement supersedes any conflicting provisions of the accompanying product supplement no. 1,740 or the accompanying general terms supplement no. 1,734.


Key Terms



Issuer:

GS Finance Corp.


Guarantor:

The Goldman Sachs Group, Inc.


Underlier:

The S&P 500® Index

(Bloomberg symbol, “SPX Index”),
as published by S&P Dow Jones Indices LLC


Specified currency:

U.S. dollars (“$”)


Terms to be specified in accordance with the accompanying product supplement no. 1,740:

●type of notes: notes linked to a single underlier

●exchange rates: not applicable

●averaging dates: yes, as described below

●redemption right or price dependent redemption right: not applicable

●cap level: not applicable

●measurement period: not applicable




●buffer level: not applicable




●supplemental amount: not applicable


Face amount:

each note will have a face amount of $1,000; $833,000 in the aggregate for all the offered notes; the aggregate face amount of the offered notes may be increased if the issuer, at its sole option, decides to sell an additional amount of the offered notes on a date subsequent to the date of this pricing supplement


Denominations:

$10,000 and integral multiples of $1,000 in excess thereof


PS-3








Purchase at amount other than face amount:

the amount we will pay you at the stated maturity


date for your notes will not be adjusted based on

the issue price you pay for your notes,


so if you



acquire notes at a premium (or discount) to face



amount and hold them to the stated maturity



date, it could affect your investment in a number



of ways. The return on your investment in such



notes will be lower (or higher) than it would

have



been had you purchased the notes at face



amount. See “Additional



Risk Factors Specific to Your Notes



If You



Purchase Your Notes at a Premium to Face



Amount, the Return on Your Investment Will Be



Lower Than the Return on Notes Purchased at



Face Amoun

t and the Impact of Certain Key



Terms of the Notes Will be Negatively Affected”



on page PS-

13

of this pricing supplement.



Supplemental discussion of U.S. federal income tax consequences:

you will be obligated pursuant to the terms of the notes — in the absence of a change in law, an administrative determination or a judicial ruling to the contrary — to characterize each note for all tax purposes as a pre-paid derivative contract in respect of the underlier, as described under “Supplemental Discussion of Federal Income Tax Consequences” on page S-43 of the accompanying product supplement no. 1,740. Pursuant to this approach, it is the opinion of Sidley Austin

llp
that u
pon the sale, exchange or maturity of your notes, it would be reasonable for you to recognize capital gain or loss equal to the difference, if any, between the amount of cash you receive at such time and your tax basis in your notes.
Pursuant to Treasury regulations, Foreign Account Tax Compliance Act (FATCA) withholding (as described in “United States Taxation—Taxation of Debt Securities—Foreign Account Tax Compliance Act (FATCA) Withholding” in the accompanying prospectus) will generally apply to obligations that are issued on or after July 1, 2014; therefore, the notes will generally be subject to the FATCA withholding rules. Pursuant to recently proposed regulations, the Treasury Department has indicated its intent to eliminate the requirements under FATCA of withholding on gross proceeds from the sale, exchange, maturity or other disposition of relevant financial instruments. The Treasury Department has indicated that taxpayers may rely on these proposed regulations pending their finalization.


Cash settlement amount (on the stated maturity date):

for each $1,000 face amount of your notes, we will pay you on the stated maturity date an amount in cash equal to:

●if a trigger event does not occur, the

sum
of (i) $1,000
plus
(ii) the
greater
of:

●the

product
of the underlier return
times
the upside participation rate
times
$1,000; and

●the

product
of the contingent minimum return
times
$1,000; or

●if a trigger event occurs, the

sum
of (i) $1,000
plus
(ii) the
product
of the underlier return
times
$1,000


Initial underlier level:

2,952.01


Final underlier level:

the arithmetic average of the closing levels of the underlier on each of the averaging dates, except in the limited circumstances described under “Supplemental Terms of the Notes —Consequences of a Market Disruption Event or a Non-Trading Day” on page S-23 of the accompanying general terms supplement no. 1,734 and subject to adjustment as provided under “Supplemental Terms of the Notes — Discontinuance or Modification of an Underlier” on page S-27 of the accompanying general terms supplement no. 1,734


PS-4










Underlier return:


the

quotient
of (1) the final underlier level
minus
the initial underlier level
divided
by (2) the initial underlier level, expressed as a percentage


Upside participation rate:

100%


Trigger event:

the final underlier level has declined, as compared to the initial underlier level, by more than the trigger buffer amount


Trigger buffer amount:

17.76%


Contingent minimum return:

0%


Trade date:

October 4, 2019


Original issue date (settlement date):

October 9, 2019


Determination date:

the final averaging date, April 5, 2021, subject to adjustment as described under “Supplemental Terms of the Notes —Averaging Dates” on page S-18 of the accompanying general terms supplement no. 1,734


Stated maturity date:

April 8, 2021, subject to adjustment as described under “Supplemental Terms of the Notes — Stated Maturity Date” on page S-16 of the accompanying general terms supplement no. 1,734


Averaging dates:

March 29, 2021, March 30, 2021, March 31, 2021, April 1, 2021 and April 5, 2021, each subject to postponement as described under “Supplemental Terms of the Notes — Averaging Dates” on page S-18 of the accompanying general terms supplement no. 1,734


No interest:

the offered notes do not bear interest


No listing:

the offered notes will not be listed on any securities exchange or interdealer quotation system


No redemption:

the offered notes will not be subject to redemption right or price dependent redemption right


Closing level:

as described under “Supplemental Terms of the Notes — Special Calculation Provisions — Closing Level” on page S-31 of the accompanying general terms supplement no. 1,734


Business day:

as described under “Supplemental Terms of the Notes — Special Calculation Provisions — Business Day” on page S-30 of the accompanying general terms supplement no. 1,734


Trading day:

as described under “Supplemental Terms of the Notes — Special Calculation Provisions — Trading Day” on page S-31 of the accompanying general terms supplement no. 1,734


Use of proceeds and hedging:

as described under “Use of Proceeds” and “Hedging” on page S-41 of the accompanying product supplement no. 1,740


ERISA:

as described under “Employee Retirement Income Security Act” on page S-50 of the accompanying product supplement no. 1,740


Supplemental plan of distribution; conflicts of interest:

as described under “Supplemental Plan of Distribution” on page S-51 of the accompanying product supplement no. 1,740 and “Plan of Distribution — Conflicts of Interest” on page 94 of the accompanying prospectus; GS Finance Corp. estimates that its share of the total offering expenses, excluding underwriting discounts and commissions, will be approximately $15,000.


PS-5










GS Finance Corp. will sell to Goldman Sachs & Co. LLC (“GS&Co.”), and GS&Co. will purchase from GS Finance Corp., the aggregate


face amount of the offered notes specified on the front cover of this pricing supplement. GS&Co. proposes initially to offer the notes to the public at the original issue price set forth on th

e cover page of this pricing supplement, and to certain securities dealers at such price less a concession not in excess of

1.25

% of the face amount.

GS&Co. is an affiliate of GS Finance Corp. and The Goldman Sachs Group, Inc. and, as such, will have a “c

onflict of interest” in this offering of notes within the meaning of Financial Industry Regulatory Authority, Inc. (FINRA) Rule 5121. Consequently, this offering of notes will be conducted in compliance with the provisions of FINRA Rule 5121. GS&Co. will

not be permitted to sell notes in this offering to an account over which it exercises discretionary authority without the prior specific written approval of the account holder.

We have been advised that GS&Co. will also pay a fee in connection with the dis

tribution of the notes to SIMON Markets LLC, a broker-dealer affiliated with GS Finance Corp.







We will deliver the notes against payment therefor in New York, New York on October 9, 2019. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on any date prior to two business days before delivery will be required to specify alternative settlement arrangements to prevent a failed settlement.




We have been advised by GS&Co. that it intends to make a market in the notes. However, neither GS&Co. nor any of our other affiliates that makes a market is obligated to do so and any of them may stop doing so at any time without notice. No assurance can be given as to the liquidity or trading market for the notes.


Calculation agent:

GS&Co.


CUSIP no.:

40056XHL3


ISIN no.:

US40056XHL38


FDIC

:


the notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank





PS-6








Additional Terms Specific to Your Notes


You should read this pricing supplement together with the prospectus dated July 10, 2017, the prospectus supplement dated July 10, 2017, the general terms supplement no. 1,734 dated July 10, 2017


and the product supplement no. 1,740 dated July 10, 2017. You may access these documents on the SEC website at
sec.gov
as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):



Prospectus dated July 10, 2017:



https://sec.report/Document/886982/000119312517224447/d356650d424b2.htm




Prospectus supplement dated July 10, 2017:



https://sec.report/Document/886982/000119312517224493/d393410d424b2.htm




General terms supplement no. 1,734 dated July 10, 2017:



https://sec.report/Document/886982/000119312517224511/d420249d424b2.htm




Product supplement no. 1,740 dated July 10, 2017:



https://sec.report/Document/886982/000119312517224515/d393379d424b2.htm


PS-7


HYPOTHETICAL EXAMPLES


The following examples are provided for purposes of illustration only. They should not be taken as an indication or prediction of future investment results and are intended merely to illustrate the impact that the various hypothetical underlier levels on the averaging dates could have on the cash settlement amount at maturity assuming all other variables remain constant.

The examples below are based on a range of final underlier levels that are entirely hypothetical; no one can predict what the underlier level will be on any day throughout the life of your notes, and no one can predict what the underlier level will be on any averaging date. The underlier has been highly volatile in the past — meaning that the underlier level has changed considerably in relatively short periods — and its performance cannot be predicted for any future period.

The information in the following examples reflects hypothetical rates of return on the offered notes assuming that they are purchased on the original issue date at the face amount and held to the stated maturity date. If you sell your notes in a secondary market prior to the stated maturity date, your return will depend upon the market value of your notes at the time of sale, which may be affected by a number of factors that are not reflected in the examples below such as interest rates, the volatility of the underlier, the creditworthiness of GS Finance Corp., as issuer, and the creditworthiness of The Goldman Sachs Group, Inc., as guarantor. In addition, the estimated value of your notes at the time the terms of your notes are set on the trade date (as determined by reference to pricing models used by GS&Co.) is less than the original issue price of your notes. For more information on the estimated value of your notes, see “Additional Risk Factors Specific to Your Notes — The Estimated Value of Your Notes At the Time the Terms of Your Notes Are Set On the Trade Date (as Determined By Reference to Pricing Models Used By GS&Co.) Is Less Than the Original Issue Price Of Your Notes” on page PS-11 of this pricing supplement. The information in the examples also reflects the key terms and assumptions in the box below.



Key Terms and Assumptions


Face amount

$1,000


Upside participation rate

100%


Contingent minimum return

0%


Trigger buffer amount

17.76%


Neither a market disruption event nor a non-trading day occurs on any of the originally scheduled averaging dates


No change in or affecting any of the underlier stocks or the method by which the underlier sponsor calculates the underlier


Notes purchased on original issue date at the face amount and held to the stated maturity date




For these reasons, the actual performance of the underlier over the life of your notes, as well as the amount payable at maturity, if any, may bear little relation to the hypothetical examples shown below or to the historical underlier levels shown elsewhere in this pricing supplement. For information about the historical levels of the underlier during recent periods, see “The Underlier — Historical Closing Levels of the Underlier” below. Before investing in the offered notes, you should consult publicly available information to determine the levels of the underlier between the date of this pricing supplement and the date of your purchase of the offered notes.

Also, the hypothetical examples shown below do not take into account the effects of applicable taxes. Because of the U.S. tax treatment applicable to your notes, tax liabilities could affect the after-tax rate of return on your notes to a comparatively greater extent than the after-tax return on the underlier stocks.

The levels in the left column of the table below represent hypothetical final underlier levels and are expressed as percentages of the initial underlier level. The amounts in the middle column represent the hypothetical cash settlement amounts, based on the corresponding hypothetical final underlier level (expressed as a percentage of the initial underlier level), assuming that  a trigger event does not occur


PS-8

(

i.e.

, the final underlier level has not declined, as compared to the initial underlier level, by more

than the trigger buffer amount), and are expressed as percentages of the face amount of a note (rounded to the nearest one-thousandth of a percent). The amounts in the right column represent the hypothetical cash settlement amounts, based on the correspond

ing hypothetical final underlier level (expressed as a percentage of the initial underlier level), assuming that

a trigger event occurs

(

i.e.

, the final underlier level has declined, as compared to the initial underlier level, by more than the trigger buff

er amount),and are expressed as percentages of the face amount of a note (rounded to the nearest one-thousandth of a percent). Thus, a hypothetical cash settlement amount of 100.000% means that the value of the cash payment that we would deliver for each $

1,000 of the outstanding face amount of the offered notes on the stated maturity date would equal 100.000% of the face amount of a note, based on the corresponding hypothetical final underlier level (expressed as a percentage of the initial underlier level

) and the assumptions noted above.






Hypothetical Final Underlier Level

Hypothetical Cash Settlement Amount



(as Percentage of Face Amount)


(as Percentage of



Initial Underlier Level)

Trigger Event Has Not Occurred

Trigger Event Has Occurred


150.000%

150.000%

N/A


140.000%

140.000%

N/A


130.000%

130.000%

N/A


120.000%

120.000%

N/A


110.000%

110.000%

N/A


100.000%

100.000%

N/A


95.000%

100.000%

N/A


82.240%

100.000%

N/A


82.239%

N/A

82.239%


60.000%

N/A

60.000%


50.000%

N/A

50.000%


25.000%

N/A

25.000%


0.000%

N/A

0.000%




If, for example,

a trigger event has occurred
and the final underlier level were determined to be 50.000% of the initial underlier level, the cash settlement amount that we would deliver on your notes at maturity would be 50.000% of the face amount of your notes, as shown in the table above. As a result, if you purchased your notes on the original issue date at the face amount and held them to the stated maturity date, you would lose 50.000% of your investment (if you purchased your notes at a premium to face amount you would lose a correspondingly higher percentage of your investment).

If, for example,

a trigger event has not occurred
and the final underlier level were determined to be 95.000% of the initial underlier level, the cash settlement amount that we would deliver on your notes at maturity would be 100.000% of the face amount of your notes, as shown in the table above. Since a trigger event has not occurred and the hypothetical underlier return of -5.000% is less than the contingent minimum return of 0.000%, the cash settlement amount that we would deliver on your notes at maturity would be 100.000% of the face amount of your notes, as shown in the table above. If, however, the final underlier level were determined to be 110.000% of the initial underlier level, the cash settlement amount that we would deliver on your notes at maturity would be 110.000% of the face amount of your notes, as shown in the table above. Since a trigger event has not occurred and the hypothetical underlier return of 10.000% is greater than the contingent minimum return of 0.000%, the cash settlement amount that we would deliver on your notes at maturity would be 110.000% of the face amount of your notes as shown in the table above.

The cash settlement amounts shown above are entirely hypothetical; they are based on market prices for the underlier stocks that may not be achieved on the averaging dates and on assumptions that may prove to be erroneous. The actual market value of your notes on the stated maturity date or at any other time,

PS-9

including any time you may wish

to sell your notes, may bear little relation to the hypothetical cash settlement amounts shown above, and these amounts should not be viewed as an indication of the financial return on an investment in the offered notes. The hypothetical cash settlement

amounts on notes held to the stated maturity date in the examples above assume you purchased your notes at their face amount and have not been adjusted to reflect the actual issue price you pay for your notes. The return on your investment (whether positiv

e or negative) in your notes will be affected by the amount you pay for your notes. If you purchase your notes for a price other than the face amount, the return on your investment will differ from, and may be significantly lower than, the hypothetical ret

urns suggested by the above examples. Please read “Additional Risk Factors Specific to the Underlier-Linked Trigger Notes — The Market Value of Your Notes May Be Influenced by Many Unpredictable Factors” on page S-33 of the accompanying product supplement

no. 1,740.


Payments on the notes are economically equivalent to the amounts that would be paid on a combination of other instruments. For example, payments on the notes are economically equivalent to a combination of an interest-bearing bond bought by the holder and one or more options entered into between the holder and us (with one or more implicit option premiums paid over time). The discussion in this paragraph does not modify or affect the terms of the notes or the U.S. federal income tax treatment of the notes, as described elsewhere in this pricing supplement.

We cannot predict the actual final underlier level or what the market value of your notes will be on any particular trading day, nor can we predict the relationship between the underlier level and the market value of your notes at any time prior to the stated maturity date. The actual amount that you will receive, if any, at maturity and the rate of return on the offered notes will depend on the actual final underlier level determined by the calculation agent as described above. Moreover, the assumptions on which the hypothetical returns are based may turn out to be inaccurate. Consequently, the amount of cash to be paid in respect of your notes, if any, on the stated maturity date may be very different from the information reflected in the examples above.

PS-10

ADDITIONAL RISK FACTORS SPECIFIC TO YOUR NOTES

An investment in your notes is subject to the risks described below, as well as the risks and considerations described in the accompanying prospectus, in the accompanying prospectus supplement

,
under “Additional Risk Factors Specific to the Notes” in the accompanying general terms supplement no. 1,734 and under “Additional Risk Factors Specific to the Underlier-Linked Trigger Notes” in the accompanying product supplement no. 1,740. You should carefully review these risks and considerations as well as the terms of the notes described herein and in the accompanying prospectus, the accompanying prospectus supplement, the accompanying general terms supplement no. 1,734 and the accompanying product supplement no. 1,740. Your notes are a riskier investment than ordinary debt securities. Also, your notes are not equivalent to investing directly in the underlier stocks, i.e., the stocks comprising the underlier to which your notes are linked. You should carefully consider whether the offered notes are suited to your particular circumstances.


The Estimated Value of Your Notes At the Time the Terms of Your Notes Are Set On the Trade Date (as Determined By Reference to Pricing Models Used By GS&Co.) Is Less Than the Original Issue Price Of Your Notes

The original issue price for your notes exceeds the estimated value of your notes as of the time the terms of your notes are set on the trade date, as determined by reference to GS&Co.’s pricing models and taking into account our credit spreads. Such estimated value on the trade date is set forth above under “Estimated Value of Your Notes”; after the trade date, the estimated value as determined by reference to these models will be affected by changes in market conditions, the creditworthiness of GS Finance Corp., as issuer, and the creditworthiness of The Goldman Sachs Group, Inc., as guarantor, and other relevant factors. The price at which GS&Co. would initially buy or sell your notes (if GS&Co. makes a market, which it is not obligated to do), and the value that GS&Co. will initially use for account statements and otherwise, also exceeds the estimated value of your notes as determined by reference to these models. As agreed by GS&Co. and the distribution participants, this excess (i.e., the additional amount described under “Estimated Value of Your Notes”) will decline to zero on a straight line basis over the period from the date hereof through the applicable date set forth above under “Estimated Value of Your Notes”. Thereafter, if GS&Co. buys or sells your notes it will do so at prices that reflect the estimated value determined by reference to such pricing models at that time. The price at which GS&Co. will buy or sell your notes at any time also will reflect its then current bid and ask spread for similar sized trades of structured notes.

In estimating the value of your notes as of the time the terms of your notes are set on the trade date, as disclosed above under “Estimated Value of Your Notes”, GS&Co.’s pricing models consider certain variables, including principally our credit spreads, interest rates (forecasted, current and historical rates), volatility, price-sensitivity analysis and the time to maturity of the notes. These pricing models are proprietary and rely in part on certain assumptions about future events, which may prove to be incorrect. As a result, the actual value you would receive if you sold your notes in the secondary market, if any, to others may differ, perhaps materially, from the estimated value of your notes determined by reference to our models due to, among other things, any differences in pricing models or assumptions used by others. See “Additional Risk Factors Specific to the Underlier-Linked Trigger Notes — The Market Value of Your Notes May Be Influenced by Many Unpredictable Factors” on page S-33 of the accompanying product supplement no. 1,740.

The difference between the estimated value of your notes as of the time the terms of your notes are set on the trade date and the original issue price is a result of certain factors, including principally the underwriting discount and commissions, the expenses incurred in creating, documenting and marketing the notes, and an estimate of the difference between the amounts we pay to GS&Co. and the amounts GS&Co. pays to us in connection with your notes. We pay to GS&Co. amounts based on what we would pay to holders of a non-structured note with a similar maturity. In return for such payment, GS&Co. pays to us the amounts we owe under your notes.

In addition to the factors discussed above, the value and quoted price of your notes at any time will reflect many factors and cannot be predicted. If GS&Co. makes a market in the notes, the price quoted by GS&Co. would reflect any changes in market conditions and other relevant factors, including any deterioration in our creditworthiness or perceived creditworthiness or the creditworthiness or perceived

PS-11

creditworthiness of The Goldman Sachs

Group, Inc. These changes may adversely affect the value of your notes, including the price you may receive for your notes in any market making transaction. To the extent that GS&Co. makes a market in the notes, the quoted price will reflect the estimated

value determined by reference to GS&Co.’s pricing models at that time, plus or minus its then current bid and ask spread for similar sized trades of structured notes (and subject to the declining excess amount described above).


Furthermore, if you sell your notes, you will likely be charged a commission for secondary market transactions, or the price will likely reflect a dealer discount. This commission or discount will further reduce the proceeds you would receive for your notes in a secondary market sale.

There is no assurance that GS&Co. or any other party will be willing to purchase your notes at any price and, in this regard, GS&Co. is not obligated to make a market in the notes. See “Additional Risk Factors Specific to the Underlier-Linked Trigger Notes — Your Notes May Not Have an Active Trading Market” on page S-33 of the accompanying product supplement no. 1,740.

The Notes Are Subject to the Credit Risk of the Issuer and the Guarantor

Although the return on the notes will be based on the performance of the underlier, the payment of any amount due on the notes is subject to the credit risk of GS Finance Corp., as issuer of the notes, and the credit risk of The Goldman Sachs Group, Inc., as guarantor of the notes. The notes are our unsecured obligations. Investors are dependent on our ability to pay all amounts due on the notes, and therefore investors are subject to our credit risk and to changes in the market’s view of our creditworthiness. Similarly, investors are dependent on the ability of The Goldman Sachs Group, Inc., as guarantor of the notes, to pay all amounts due on the notes, and therefore are also subject to its credit risk and to changes in the market’s view of its creditworthiness. See “Description of the Notes We May Offer — Information About Our Medium-Term Notes, Series E Program — How the Notes Rank Against Other Debt” on page S-4 of the accompanying prospectus supplement and “Description of Debt Securities We May Offer — Guarantee by The Goldman Sachs Group, Inc.” on page 42 of the accompanying prospectus.

The Cash Settlement Amount on Your Notes Is Linked to the Closing Level of the Underlier on Five Averaging Dates

The underlier return will be based on the arithmetic average of the underlier closing levels on each of the five averaging dates (each of which is subject to postponement in the case of market disruption events or non-trading days), and therefore not the simple performance of the underlier over the life of your notes. For example, if the closing level of the underlier dramatically increased on the last averaging date (in other words, the determination date), the cash settlement amount for your notes may be significantly less than it would have been had the cash settlement amount been linked only to the closing level of the underlier on that last averaging date.

You May Lose Your Entire Investment in the Notes

You can lose your entire investment in the notes. The cash payment on your notes, if any, on the stated maturity date will be based on the performance of the S&P 500® Index as measured from the initial underlier level to the closing level on each of the averaging dates. If a trigger event has occurred, the amount in cash you will receive on your notes on the stated maturity date, if any, will be less than the face amount of your notes. Thus, you may lose your entire investment in the notes, which would include any premium to face amount you paid when you purchased the notes.

Also, the market price of your notes prior to the stated maturity date may be significantly lower than the purchase price you pay for your notes. Consequently, if you sell your notes before the stated maturity date, you may receive far less than the amount of your investment in the notes.

The Return on Your Notes May Change Significantly Despite Only a Small Change in the Underlier Level

If a trigger event occurs, you will receive less than the face amount of your notes and you could lose all or a substantial portion of your investment in the notes. This means that while an 17.76% drop between the initial underlier level and the final underlier level will not result in a loss of principal on the notes (since a trigger event will not have occurred), a decrease in the final underlier level to less than 82.24% of the initial underlier level may result in a loss of a significant portion of the principal amount of the notes despite only a small change in the underlier level.

PS-12








Your Notes

Do

Not Bear Interest


You will not receive any interest payments on your notes. As a result, even if the cash settlement amount payable for your notes on the stated maturity date exceeds the face amount of your notes, the overall return you earn on your notes may be less than you would have earned by investing in a non-indexed debt security of comparable maturity that bears interest at a prevailing market rate.

You Have No Shareholder Rights or Rights to Receive Any Underlier Stock

Investing in your notes will not make you a holder of any of the underlier stocks. Neither you nor any other holder or owner of your notes will have any rights with respect to the underlier stocks, including any voting rights, any right to receive dividends or other distributions, any rights to make a claim against the underlier stocks or any other rights of a holder of the underlier stocks. Your notes will be paid in cash and you will have no right to receive delivery of any underlier stocks.

We May Sell an Additional Aggregate Face Amount of the Notes at a Different Issue Price

At our sole option, we may decide to sell an additional aggregate face amount of the notes subsequent to the date of this pricing supplement. The issue price of the notes in the subsequent sale may differ substantially (higher or lower) from the original issue price you paid as provided on the cover of this pricing supplement.

If You Purchase Your Notes at a Premium to Face Amount, the Return on Your Investment Will Be Lower Than the Return on Notes Purchased at Face Amount and the Impact of Certain Key Terms of the Notes Will be Negatively Affected

The cash settlement amount will not be adjusted based on the issue price you pay for the notes. If you purchase notes at a price that differs from the face amount of the notes, then the return on your investment in such notes held to the stated maturity date will differ from, and may be substantially less than, the return on notes purchased at face amount. If you purchase your notes at a premium to face amount and hold them to the stated maturity date the return on your investment in the notes will be lower than it would have been had you purchased the notes at face amount or a discount to face amount.

Your Notes May Be Subject to an Adverse Change in Tax Treatment in the Future

The tax consequences of an investment in your notes are uncertain, both as to the timing and character of any inclusion of income in respect of your notes.

The Internal Revenue Service announced on December 7, 2007 that it is considering issuing guidance regarding the proper U.S. federal income tax treatment of an instrument such as your notes, and any such guidance could adversely affect the tax treatment and the value of your notes. Among other things, the Internal Revenue Service may decide to require the holders to accrue ordinary income on a current basis and recognize ordinary income on payment at maturity, and could subject non-U.S. investors to withholding tax. Furthermore, in 2007, legislation was introduced in Congress that, if enacted, would have required holders that acquired instruments such as your notes after the bill was enacted to accrue interest income over the term of such instruments even though there will be no interest payments over the term of such instruments. It is not possible to predict whether a similar or identical bill will be enacted in the future, or whether any such bill would affect the tax treatment of your notes. We describe these developments in more detail under “Supplemental Discussion of Federal Income Tax Consequences” on page S-43 of the accompanying product supplement no. 1,740. You should consult your tax advisor about this matter. Except to the extent otherwise provided by law, GS Finance Corp. intends to continue treating the notes for U.S. federal income tax purposes in accordance with the treatment described under “Supplemental Discussion of Federal Income Tax Consequences” on page S-43 of the accompanying product supplement no. 1,740 unless and until such time as Congress, the Treasury Department or the Internal Revenue Service determine that some other treatment is more appropriate.

United States Alien Holders Should Consider the Withholding Tax Implications of Owning the Notes

The Treasury Department has issued regulations under which amounts paid or deemed paid on certain financial instruments (“871(m) financial instruments”) that are treated as attributable to U.S.-source dividends could be treated, in whole or in part depending on the circumstances, as a “dividend equivalent”

PS-13







payment that is subject to tax at a rate of 30% (or a lower rate under an applicable treaty), which in the case of any amounts a Unite

d States alien holder receives upon the sale, exchange or maturity of the notes, could be collected via withholding. If these regulations were to apply to the notes, we may be required to withhold such taxes if any U.S.-source dividends are paid on the sto

cks included in the underlier during the term of the notes. We could also require a United States alien holder to make certifications (e.g., an applicable Internal Revenue Service Form W-8) prior to the



maturity of the notes in order to avoid or minimize

withholding obligations, and we could withhold accordingly (subject to the United States alien holder’s potential right to claim a refund from the Internal Revenue Service) if such certifications were not received or were not satisfactory. If withholding w

as required, we would not be required to pay any additional amounts with respect to amounts so withheld. These regulations generally will apply to 871(m) financial instruments (or a combination of financial instruments treated as having been entered into i

n connection with each other) issued (or significantly modified and treated as retired and reissued) on or after January 1, 2021, but will also apply to certain 871(m) financial instruments (or a combination of financial instruments treated as having been

entered into in connection with each other) that have a delta (as defined in the applicable Treasury regulations) of one and are issued (or significantly modified and treated as retired and reissued) on or after January 1, 2017. In addition, these regulat

ions will not apply to financial instruments that reference a “qualified index” (as defined in the regulations). We have determined that, as of the issue date of your notes, your notes will not be subject to withholding under these rules. In certain limi

ted circumstances, however, you should be aware that it is possible for United States alien holders to be liable for tax under these rules with respect to a combination of transactions treated as having been entered into in connection with each other even

when no withholding is required. You should consult your tax advisor concerning these regulations, subsequent official guidance and regarding any other possible alternative characterizations of your notes for U.S. federal income tax purposes.


Foreign Account Tax Compliance Act (FATCA) Withholding May Apply to Payments on Your Notes, Including as a Result of the Failure of the Bank or Broker Through Which You Hold the Notes to Provide Information to Tax Authorities

Please see the discussion under “United States Taxation — Taxation of Debt Securities — Foreign Account Tax Compliance Act (FATCA) Withholding” in the accompanying prospectus for a description of the applicability of FATCA to payments made on your notes. The discussion in that section is hereby modified to reflect regulations proposed by the Treasury Department indicating its intent to eliminate the requirements under FATCA of withholding on gross proceeds from the sale, exchange, maturity or other disposition of relevant financial instruments. The Treasury Department has indicated that taxpayers may rely on these proposed regulations pending their finalization.



PS-14








THE UNDERLIER


The S&P 500® Index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. The S&P 500® Index is calculated, maintained and published by S&P Dow Jones Indices LLC (“S&P”).



As of July 31, 2017, companies with multiple share class lines are no longer eligible for inclusion in the S&P 500

®

Index. Constituents of the S&P 500

®

Index prior to July 31, 2017 with multiple share class lines will be grandfathered in and continue to be included in the S&P 500

®

Index. If an S&P 500

®

Index constituent reorganizes into a multiple share class line structure, that company will be reviewed for continued inclusion in the S&P 500

®

Index at the discretion of the S&P Index Committee. Also as of July 31, 2017, the criteria employed by S&P for purposes of making additions to the S&P 500

®

Index were changed as follows

:
● with respect to the “U.S. company” criterion, (i) the IEX was added as an “eligible exchange” for the primary listing of the relevant company’s common stock and (ii) the former “corporate governance structure consistent with U.S. practice” requirement was removed; and
● with respect to constituents of the S&P MidCap 400® Index and the S&P SmallCap 600® Index that are being considered for addition to the S&P 500® Index, the financial viability, public float and/or liquidity eligibility criteria no longer need to be met if the S&P Index Committee decides that such an addition will enhance the representativeness of the S&P 500® Index as a market benchmark.

Effective February 20, 2019, company additions to the underlier should have an unadjusted company market capitalization of $8.2 billion or more (an increase from the previous requirement of an unadjusted company market capitalization of $6.1 billion or more). A company meeting the unadjusted company market capitalization criteria is also required to have a security level float-adjusted market capitalization that is at least $4.1 billion.

As of September 10, 2019, the 500 companies included in the S&P 500® Index were divided into eleven Global Industry Classification Sectors. The Global Industry Classification Sectors include (with the approximate percentage currently included in such sectors indicated in parentheses): Communication Services (10.50%), Consumer Discretionary (10.23%), Consumer Staples (7.47%), Energy (4.59%), Financials (13.03%), Health Care (13.65%), Industrials (9.35%), Information Technology (21.92%), Materials (2.69%), Real Estate (3.17%) and Utilities (3.40%). (Sector designations are determined by the underlier sponsor using criteria it has selected or developed. Index sponsors may use very different standards for determining sector designations. In addition, many companies operate in a number of sectors, but are listed in only one sector and the basis on which that sector is selected may also differ. As a result, sector comparisons between indices with different index sponsors may reflect differences in methodology as well as actual differences in the sector composition of the indices.) As of the close of business on September 21, 2018, S&P and MSCI, Inc. updated the Global Industry Classification Sector structure. Among other things, the update broadened the Telecommunications Services sector and renamed it the Communication Services sector. The renamed sector includes the previously existing Telecommunication Services Industry group, as well as the Media Industry group, which was moved from the Consumer Discretionary sector and renamed the Media & Entertainment Industry group. The Media & Entertainment Industry group contains three industries: Media, Entertainment and Interactive Media & Services. The Media industry continues to consist of the Advertising, Broadcasting, Cable & Satellite and Publishing sub-industries. The Entertainment industry contains the Movies & Entertainment sub-industry (which includes online entertainment streaming companies in addition to companies previously classified in such industry prior to September 21, 2018) and the Interactive Home Entertainment sub-industry (which includes companies previously classified in the Home Entertainment Software sub-industry prior to September 21, 2018 (when the Home Entertainment Software sub-industry was a sub-industry in the Information Technology sector)), as well as producers of interactive gaming products, including mobile gaming applications). The Interactive Media & Services industry and sub-industry includes companies engaged in content and information creation or distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements, and includes search engines, social media and networking platforms, online classifieds and online review companies. The Global Industry Classification Sector structure changes are effective for the S&P 500® Index as of the open of business on September 24, 2018 to coincide with the September 2018 quarterly rebalancing.

The above information supplements the description of the underlier found in the accompanying general terms supplement no. 1,734. This information was derived from information prepared by the underlier

PS-15







sponsor, however, the percentages we have listed abov

e are approximate and may not match the information available on the underlier sponsor’s website due to subsequent corporation actions or other activity relating to a particular stock. For more details about the underlier, the underlier sponsor and license

agreement between the underlier sponsor and the issuer, see “The Underliers - S&P 500

®

Index

” on page S-40 of the accompanying general terms supplement no. 1,734.


The S&P 500® Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by GS Finance Corp. (“Goldman”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Goldman. Goldman’s notes are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, Standard & Poor’s Financial Services LLC or any of their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, Standard & Poor’s Financial Services LLC or any of their respective affiliates make any representation regarding the advisability of investing in such notes.

Historical Closing Levels of the Underlier

The closing level of the underlier has fluctuated in the past and may, in the future, experience significant fluctuations. Any historical upward or downward trend in the closing level of the underlier during the period shown below is not an indication that the underlier is more or less likely to increase or decrease at any time during the life of your notes.

You should not take the historical levels of the underlier as an indication of the future performance of the underlier.

We cannot give you any assurance that the future performance of the underlier or the underlier stocks will result in your receiving an amount greater than the outstanding face amount of your notes on the stated maturity date.


Neither we nor any of our affiliates make any representation to you as to the performance of the underlier. Before investing in the offered notes, you should consult publicly available information to determine the levels of the underlier between the date of this pricing supplement and the date of your purchase of the offered notes.


The actual performance of the underlier over the life of the offered notes, as well as the cash settlement amount, may bear little relation to the historical closing levels shown below.

The graph below shows the daily historical closing levels of the underlier from January 1, 2014 through October 4, 2019.

As a result, the following graph does not reflect the global financial crisis which began in 2008, which had a materially negative impact on the price of most equity securities and, as a result, the level of most equity indices.
We obtained the closing levels in the graph below from Bloomberg Financial Services, without independent verification.

PS-16

Historical Performance of the S&P 500® Index

PS-17


VALIDITY OF THE NOTES AND GUARANTEE

In the opinion of Sidley Austin

llp

, as counsel to GS Finance Corp. and The Goldman Sachs Group, Inc., when the notes offered by this pricing supplement have been executed and issued by GS Finance Corp., the related guarantee offered by this pricing supplement has been executed and issued by The Goldman Sachs Group, Inc., and such notes have been authenticated by the trustee pursuant to the indenture, and such notes and the guarantee have been delivered against payment as contemplated herein, (a) such notes will be valid and binding obligations of GS Finance Corp., enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above and (b) such related guarantee will be a valid and binding obligation of The Goldman Sachs Group, Inc., enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of the date hereof and is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and the genuineness of signatures and certain factual matters, all as stated in the letter of such counsel dated July 10, 2017, which has been filed as Exhibit 5.6 to the registration statement on Form S-3 filed with the Securities and Exchange Commission by GS Finance Corp. and The Goldman Sachs Group, Inc. on July 10, 2017.

PS-18
 

We have not authorized anyone to provide any information or to make any representations other than those

contained or incorporated by reference in this pricing supplement, the accompanying product supplement no. 1,740

, the accompanying

general terms supplement no. 1,734

, the accompanying

prospectus supplement or the accompanying prospectus. We take no respo

nsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This pricing supplement, the accompanying product supplement no. 1,740

, the accompanying

general terms supplement no. 1,734

, the accompan

ying

prospectus supplement and the accompanying prospectus is an offer to sell only the notes offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this pricing supplement, the accompan

ying product supplement no. 1,740

, the accompanying

general terms supplement no. 1,734

, the accompanying

prospectus supplement and the accompanying prospectus is current only as of the respective dates of such documents.




TABLE OF CONTENTS
Pricing Supplement


Page

Summary Information
PS-3

Hypothetical Examples
PS-8

Additional Risk Factors Specific to Your Notes
PS-11

The Underlier
PS-15

Validity of the Notes and Guarantee
PS-18

Product Supplement No. 1,740 dated July 10, 2017

Summary Information
S-1

Hypothetical Returns on the Underlier-Linked Trigger Notes
S-10


Additional Risk Factors Specific to the Underlier-Linked Trigger Notes

S-31


General Terms of the Underlier-Linked Trigger Notes

S-36


Use of Proceeds

S-41


Hedging

S-41


Supplemental Discussion of Federal Income Tax Consequences

S-43


Employee Retirement Income Security Act

S-50


Supplemental Plan of Distribution

S-51


Conflicts of Interest

S-54

General Terms Supplement No. 1,734 dated July 10, 2017

Additional Risk Factors Specific to the Notes

S-1

Supplemental Terms of the Notes

S-16


The Underliers



S-36


S&P 500® Index



S-40


MSCI Indices
S-46


Hang Seng China Enterprises Index
S-55


Russell 2000® Index
S-61


FTSE® 100 Index
S-69


EURO STOXX 50® Index
S-75


TOPIX
S-82


The Dow Jones Industrial Average®
S-87


The iShares® MSCI Emerging Markets ETF
S-91


Use of Proceeds
S-94


Hedging
S-94


Employee Retirement Income Security Act
S-95


Supplemental Plan of Distribution
S-96


Conflicts of Interest
S-98

Prospectus Supplement dated July 10, 2017

Use of Proceeds
S-2


Description of Notes We May Offer
S-3

Considerations Relating to Indexed Notes
S-15


United States Taxation
S-18


Employee Retirement Income Security Act
S-19


Supplemental Plan of Distribution
S-20


Validity of the Notes and Guarantees
S-21

Prospectus dated July 10, 2017


Available Information
2

Prospectus Summary
4


Risks Relating to Regulatory Resolution Strategies and Long-Term Debt Requirements
8


Use of Proceeds
11


Description of Debt Securities We May Offer
12


Description of Warrants We May Offer
45


Description of Units We May Offer
60


GS Finance Corp.
65


Legal Ownership and Book-Entry Issuance
67

Considerations Relating to Floating Rate Debt Securities
72


Considerations Relating to Indexed Securities
73


Considerations Relating to Securities Denominated or Payable in or Linked to a Non-U.S. Dollar Currency
74


United States Taxation
77

Plan of Distribution
92

Conflicts of Interest
94

Employee Retirement Income Security Act
95

Validity of the Securities and Guarantees
95

Experts
96

Review of Unaudited Condensed Consolidated Financial Statements by Independent Registered Public Accounting Firm
96

Cautionary Statement Pursuant to the Private Securities Litigation Reform Act of 1995
96

$833,000

GS Finance Corp.

S&P 500® Index-Linked Trigger Notes due 2021

guaranteed by

The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC
JPMorgan

Placement Agent
Additional Files
File
Sequence
Description

Type

Size

0001564590-19-036663.txt Complete submission text file 253195
$SPX
© 2019 SEC.report
SEC CFR Title 17 of the Code of Federal Regulations.
https://sec.report/Document/0001564590-19-036663/

 

Investment Banking


Here are the 17 Goldman Sachs bankers charged over the 1MDB scandal

The Asian country's government wants prison sentences of up to 10 years if the individuals are convicted

Richard Gnodde of Goldman Sachs — Getty Images
.
By Paul Clarke and Dave Morris
August 9, 2019 2:06 pm GMT

The Malaysian government has charged 17 current and former Goldman Sachs executives as part of its sweeping probe into the bank’s alleged involvement in a multibillion-dollar financial scandal at 1MDB, the country’s state investment fund.

In a filing on August 9, Tommy Thomas, Malaysia’s attorney general, said he was seeking custodial sentences and fines against several senior figures at the bank’s European and Asian businesses.


“We believe the charges announced today, along with those against three Goldman Sachs entities announced in December last year, are misdirected and will be vigorously defended,” a Goldman spokesman said.

None of the allegations has been proven in court.

If the latest charges result in a conviction, the Malaysian government is recommending a punishment of up to 10 years in prison and a fine of at least 1 million Malaysian ringgit ($238,000) for each individual.

Here is the full list of current and former Goldman Sachs executives who have been charged:

Richard Gnodde, chief executive officer, Goldman Sachs International

Brian Griffiths, former board member, Goldman Sachs International

Michael Sherwood, the former co-chief executive of Goldman Sachs International. Currently a board member of Revolut, the fintech firm.

Robin Vince, chief risk officer of Goldman Sachs

Claes Dahlbäck, former member of the board of directors at Goldman Sachs

Oliver Bolitho, former chairman of Goldman Sachs Asset Management Asia Pacific

Matthew Fremont-Smith, former chief operating officer of Goldman Sachs Asia Pacific. Currently co-founder of 25Madison, the early-stage investor.

Frederick Towfigh, former chief executive of Goldman Sachs Singapore. Currently an operating partner at SoftBank Investment Advisers.

Archie Parnell, Goldman Sachs’s former head of Asia tax policy

Ronald Suk Bae Lee, former partner at Goldman Sachs’s investment management division in Hong Kong and head of private wealth management in Asia Pacific

Richard Campbell-Breeden, the former co-head of UK investment banking at Goldman Sachs, who was previously vice-chairman of the investment banking division in Asia Pacific, ex-Japan. Currently a board member at Julius Baer.

Keith Leslie Hayes, former director of research Asia at Goldman Sachs Hong Kong

Amol Sagun Naik, former Goldman Sachs partner in global treasury in New York, who was formerly head of Asia-Pacific operations, risk, finance and services divisions

John Michael Evans, the former chairman of Goldman Sachs Asia and current president of Alibaba

Dimitrios Kavvathas, the former co-head of Asia-Pacific securities division distribution at Goldman Sachs in Hong Kong. Now chief investment officer at Harmony Advisors.

Goh Boon Leng, Goldman Sachs’s head of operations division, Singapore and China

Liow Chang Lee, former Goldman Sachs managing director, securities Singapore. Currently, a managing director at JPMorgan’s global investment opportunities group in Singapore.

To contact the authors of this story with feedback or news, email Paul Clarke and Dave Morris


https://www.fnlondon.com/articles/here-are-the-17-goldman-sachs-bankers-charged-over-the-1mdb-scandal-20190809 

 

Goldman Sachs

2008: CEO, Goldman Sachs (GS)

Blankfein was by far the best paid banker during heady (and then trying) times for the industry. He earned $95 million in 2007 and 2008. He also landed arguably the best endorsement in September 2008 as all most major US banks were teetering on the edge of collapse. Berkshire Hathaway, the firm run by legendary investor Warren Buffett, spent $5 billion for a stake in Goldman.


Now: CEO, Goldman Sachs

Blankfein is one of just two big bank CEOs who survived the financial crisis. JPMorgan Chase's Jamie Dimon is the other. Despite the Berkshire investment, Goldman had a rough stretch after the crisis, culminating with the SEC charging the bank with fraudulently selling subprime mortgage securities in 2010.

Goldman eventually wound up settling the case for $550 million. And with JPMorgan in the hot seat recently, the public's dismay over Goldman's practices and pay. has died down.



First published September 17, 2013: 2:37 PM ET


https://money.cnn.com/gallery/investing/2013/09/13/financial-crisis-executives-now/7.html

 

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NEW YORK NY 10282

Business Address
200 WEST STREET

ATT: PRIVATE CREDIT GROUP

NEW YORK NY 10282

1-212-902-0328


Goldman Sachs BDC, Inc. CIK#: 0001572694 (see all company filings)

State location: NY | State of Inc.: DE | Fiscal Year End: 1231
formerly: Goldman Sachs Liberty Harbor Capital, LLC (filings through 2013-03-29)
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Items 1 - 40 0001572694 Filings RSS Feed

Filings  Format   Description   Filed/Effective      File/Film Number

8-K Documents Current report, items 2.02, 7.01, and 9.01
Acc-no: 0001193125-19-211028 (34 Act) Size: 183 KB 2019-08-01 814-00998
19993586
10-Q Documents Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001193125-19-210919 (34 Act) Size: 1 MB 2019-08-01 814-00998
19993072
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001193125-19-194158 (34 Act) Size: 36 KB 2019-07-16 814-00998
19955928
8-K Documents Current report, item 5.07
Acc-no: 0001193125-19-161451 (34 Act) Size: 22 KB 2019-05-30 814-00998
19867617
8-K Documents Current report, items 2.02, 7.01, and 9.01
Acc-no: 0001193125-19-143168 (34 Act) Size: 159 KB 2019-05-09 814-00998
19811760
10-Q Documents Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001193125-19-143069 (34 Act) Size: 1 MB 2019-05-09 814-00998
19811289
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001193125-19-109178 (34 Act) Size: 36 KB 2019-04-17 814-00998
19753413
N-2 Documents Registration statement for closed-end investment companies
Acc-no: 0001193125-19-102959 (33 Act) Size: 4 MB 2019-04-10 333-230801
19742379
DEF 14A Documents Other definitive proxy statements
Acc-no: 0001193125-19-080993 (34 Act) Size: 557 KB 2019-03-21 814-00998
19695399
8-K Documents Current report, items 2.02, 7.01, and 9.01
Acc-no: 0001193125-19-058628 (34 Act) Size: 183 KB 2019-03-01 814-00998
19646059
10-K Documents Annual report [Section 13 and 15(d), not S-K Item 405]
Acc-no: 0001193125-19-057955 (34 Act) Size: 2 MB 2019-02-28 814-00998
19644892
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001193125-19-028368 (34 Act) Size: 36 KB 2019-02-05 814-00998
19568581
40-17G Documents Fidelity Bond [Rule 17G-1(g)]
Acc-no: 0001193125-18-352661 (40 Act) Size: 248 KB 2018-12-19 814-00998
181242211
8-K Documents Current report, items 2.02, 7.01, and 9.01
Acc-no: 0001193125-18-316032 (34 Act) Size: 189 KB 2018-11-02 814-00998
181155089
10-Q Documents Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001193125-18-315859 (34 Act) Size: 1 MB 2018-11-01 814-00998
181154385
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001193125-18-293396 (34 Act) Size: 34 KB 2018-10-04 814-00998
181108433
8-K Documents Current report, items 1.01, 2.03, 8.01, and 9.01
Acc-no: 0001193125-18-275574 (34 Act) Size: 793 KB 2018-09-18 814-00998
181074491
8-K Documents Current report, items 1.01 and 9.01
Acc-no: 0001193125-18-257694 (34 Act) Size: 22 KB 2018-08-24 814-00998
181037295
8-K Documents Current report, items 2.02, 7.01, and 9.01
Acc-no: 0001193125-18-236807 (34 Act) Size: 182 KB 2018-08-02 814-00998
18989617
10-Q Documents Quarterly report [Sections 13 or 15(d)]
Acc-no: 0001193125-18-236764 (34 Act) Size: 1 MB 2018-08-02 814-00998
18989324
8-K Documents Current report, item 8.01
Acc-no: 0001193125-18-220662 (34 Act) Size: 14 KB 2018-07-18 814-00998
18958829
8-K Documents Current report, items 7.01 and 9.01
Acc-no: 0001193125-18-214841 (34 Act) Size: 35 KB 2018-07-10 814-00998
18945538
8-K Documents Current report, items 1.01 and 2.03
Acc-no: 0001193125-18-211619 (34 Act) Size: 20 KB 2018-07-02 814-00998
18934010
POS EX Documents Post-effective amendment adding exhibits to registration statement [Rule 462(d)]
Acc-no: 0001193125-18-211611 (33 Act) Size: 340 KB 2018-07-02 333-224296
18933944
497 Documents Definitive materials
Acc-no: 0001193125-18-207884 (33 Act) Size: 5 MB 2018-06-29 333-224296
18926517
497AD Documents Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Acc-no: 0001193125-18-206730 (33 Act) Size: 33 KB 2018-06-28 333-224296
18923390
497AD Documents Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Acc-no: 0001193125-18-206716 (33 Act) Size: 20 KB 2018-06-28 333-224296
18923342
497AD Documents Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Acc-no: 0001193125-18-205923 (33 Act) Size: 10 KB 2018-06-27 333-224296
18922609
497AD Documents Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
Acc-no: 0001193125-18-205899 (33 Act) Size: 20 KB 2018-06-27 333-224296
18922563
497 Documents Definitive materials
Acc-no: 0001193125-18-205869 (33 Act) Size: 5 MB 2018-06-27 333-224296
18922434
EFFECT Documents Notice of Effectiveness
Acc-no: 9999999995-18-001580 (33 Act) Size: 1 KB 2018-06-22 16:00:00 333-224296
18915884
CORRESP Documents [Cover]Correspondence
Acc-no: 0001193125-18-198016 Size: 5 KB 2018-06-20
CORRESP Documents [Cover]Correspondence
Acc-no: 0001193125-18-197155 Size: 16 KB 2018-06-19
8-K Documents Current report, items 8.01 and 9.01
Acc-no: 0001193125-18-195813 (34 Act) Size: 33 KB 2018-06-18 814-00998
18905500
DEFA14A Documents Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Acc-no: 0001193125-18-195272 (34 Act) Size: 20 KB 2018-06-18 814-00998
18903921
8-K Documents Current report, items 1.01, 5.07, 8.01, and 9.01
Acc-no: 0001193125-18-194501 (34 Act) Size: 75 KB 2018-06-15 814-00998
18902342
CORRESP Documents [Cover]Correspondence
Acc-no: 0001193125-18-186928 Size: 41 KB 2018-06-07
N-2/A Documents [Amend] Registration statement for closed-end investment companies
Acc-no: 0001193125-18-186915 (33 Act) Size: 4 MB 2018-06-07 333-224296
18887133
DEFA14A Documents Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Acc-no: 0001193125-18-182742 (34 Act) Size: 276 KB 2018-06-04 814-00998
18877179
DEF 14A Documents Other definitive proxy statements
Acc-no: 0001193125-18-171814 (34 Act) Size: 324 KB 2018-05-23 814-00998
18854760


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Form 3 - Initial statement of beneficial ownership of securities:

SEC Accession No. 0001140361-18-027367

Filing Date

2018-06-05

Accepted

2018-06-05 16:36:14

Documents

2

Period of Report

2018-06-01

Document Format Files

Seq

Description

Document

Type

Size

1 FORM 3 doc1.html 3
1 FORM 3 doc1.xml 3 2276
2 jw3-gsbdc_mcgee.htm EX-24 6970
Complete submission text file 0001140361-18-027367.txt 10653


Mailing Address
7900 CALLAGHAN ROAD
SAN ANTONIO TX 78229
Business Address


Susan B. McGee MCGEE SUSAN B (Reporting) CIK: 0001251825 (see all company filings)

Type: 3 | Act: 34 | File No.: 814-00998 | Film No.: 18881622

Mailing Address
200 WEST STREET
ATT: PRIVATE CREDIT GROUP
NEW YORK NY 10282

Business Address
200 WEST STREET
ATT: PRIVATE CREDIT GROUP
NEW YORK NY 10282
1-212-902-0328


Goldman Sachs BDC, Inc. (Issuer) CIK: 0001572694 (see all company filings)

IRS No.: 462176593 | State of Incorp.: DE | Fiscal Year End: 1231

https://www.sec.gov/Archives/edgar/data/1572694/000114036118027367/0001140361-18-027367-index.htm

 
Goldman Sachs Trust

Goldman Sachs Trust is an open-end, management investment company.



SECTOR

Financials


INDUSTRY

Institutional Financial Svcs


SUB-INDUSTRY

Institutional Brokerage


FOUNDED

02/06/1997


ADDRESS

71 South Wacker Drive Chicago, IL 60606 United States


PHONE

1-312-655-4400


WEBSITE

www.goldmansachs.com


NO. OF EMPLOYEES

--


Executives

Name/Title

James A McNamara
President/CEO


Gazala Khan
Chief Compliance Officer

Scott McHugh
Senior VP/Treasurer

Board Members

Name/Company

Ashok N Bakhru
Diana M Daniels
Richard P Strubel


https://www.bloomberg.com/profile/company/0216752D:US?in_source=PersonProfile

 

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