SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
November 20, 1998
GS FINANCIAL PRODUCTS U.S., L.P.
--------------------------------
(Exact Name of Registrant as Specified in Charter)
CAYMAN ISLANDS No. 000-25178 No. 52-1919759
-------------- ------------- --------------
(State or Other Jurisdic- (Commission (IRS Employer
tion of Incorporation) File Number) Identification
No.)
P.O. BOX 896
HARBOUR CENTRE, NORTH CHURCH STREET
GRAND CAYMAN, CAYMAN ISLANDS
BRITISH WEST INDIES N/A
----------------------------------- ----------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (345)945-1326
--------------
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. OTHER EVENTS.
On November 20, 1998, GS Financial Products U.S., L.P. (the "Company")
repurchased from Goldman, Sachs & Co. and cancelled $72,000,000 aggregate face
amount of the Company's 3% Citicorp Exchangeable Notes due August 28, 2002 (the
"Notes"), representing 60% of the aggregate face amount of the Notes originally
issued, at a purchase price of $238,125 per $250,000 aggregate face amount of
each Note repurchased. The repurchase of the Notes was funded through the sale
of shares of Citigroup and exchange traded options as well as the early
termination of various derivative transactions with affiliates that the Company
entered into to hedge its obligations under the Notes and cash provided by
operations.
Goldman, Sachs & Co. acts as a market maker for the Notes, but may
cease such market making at any time without notice. The Notes are listed on the
American Stock Exchange under the symbol GSC.A.
-2-
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GS FINANCIAL PRODUCTS U.S., L.P.
(Registrant)
acting by its general partner GS
Financial Products US Co.
Date: November 23, 1998 By: /s/ Greg Swart
------------------------------------
Name: Greg Swart
Title: President, Principal
Financial Officer and
Principal Accounting
Officer
For and on behalf of GS
Financial Products US Co.,
managing partner of GS
Financial Products U.S. L.P.
-3-
