The Goldman Sachs Group, Inc.
NYSE : GS

The Goldman Sachs Group, Inc.

September 08, 2005 15:30 ET

Goldman Sachs Identifies a Classification Issue for GS $ HYTop Index

NEW YORK--(CCNMatthews - Sep 8, 2005) -

The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has identified an issue in the selection of components for the GS $ HYTop index published on August 26, 2005. Due to a classification issue, a newly issued high yield bond by L3 Communications Corporation (6.375% LLL 15/10/15) replaced a high yield bond in the consumer sector (10.875% RH Donnelley Inc.15/12/12) rather than replacing an existing high yield L3 Communications Corporation bond (5.875% LLL 15/1/15) in the industrial sector, resulting in an overweight of L3 Communications Corporation bonds in the Index. Goldman Sachs will correct this issue at the October 1, 2005 rebalancing.

Contact Information

  • For The Goldman Sachs Group, Inc.
    Michael DuVally, 212-902-5400