STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2 (GJS)
GJS 8-K filings, explained
Every material Form 8-K STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2 has filed with the SEC since October 10, 2007, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On November 16, 2020, Synthetic Fixed-Income Securities surrendered STRATS certificates with a $3,744,000 stated amount to the STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2, in exchange for $3,744,000 of The Goldman Sachs Group 6.125% Notes due February 15, 2033. After the exchange, the trust holds $27,156,000 of those notes and 1,086,240 certificates, representing $27,156,000 of outstanding certificate principal. This is a routine administrative exchange under the optional exchange provisions of the Series Supplement.
Certificates surrendered: 149,760, with an aggregate stated amount of $3,744,000
Exchanged for Goldman Sachs Group 6.125% Notes due February 15, 2033, principal balance $3,744,000
After the exchange, the trust holds $27,156,000 of the notes as of November 16, 2020
Outstanding certificates after the exchange: 1,086,240, representing $27,156,000 certificate principal
Standard & Poor's withdrew its rating on the STRATS Series 2006-2 certificates issued by the GJS trust, citing a risk of payment shortfalls if the certificates were redeemed together with termination of the swap agreement. S&P said the action is specific to this feature and does not affect its ratings on the underlying securities or the swap counterparty.
S&P announced on October 25, 2012 that it withdrew the rating on the Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS Certificates, Series 2006-2).
The withdrawal followed S&P's October 18, 2012 update to its rating methodology for repackaged securities, effective immediately.
The filing says the rating withdrawal is not a termination event under the certificates or swap agreement.
The filing warns the withdrawal may materially and adversely affect the secondary market price and liquidity of the certificates.
On October 5, 2007, Synthetic Fixed-Income Securities, Inc. surrendered STRATS Certificates with a stated amount of $8.1 million to the trust in exchange for Goldman Sachs Group 6.125% Capital Securities due 2033 of equal principal balance, under the optional exchange provisions of the Series Supplement. After the exchange, the trust holds $57.15 million of these securities, and 2,286,000 certificates representing $57.15 million remain outstanding. This is an administrative exchange under the trust's terms and does not change the outstanding certificate principal.
Exchange date: October 5, 2007
Certificates surrendered: 324,000 with aggregate stated amount of $8.1 million
Goldman Sachs 6.125% Capital Securities due February 15, 2033 received, principal balance $8.1 million
After exchange: trust holds $57.15 million of the securities; 2,286,000 certificates ($57.15 million) outstanding
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2 filing is on SEC EDGAR ↗. 8-K briefs of other companies →