Published on 3/9/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $5 million notes exchangeable for Commonwealth Telephone
New York, March 9 - The Goldman Sachs Group Inc. priced $5 million of one-year 2% notes mandatorily exchangeable for the common stock of Commonwealth Telephone Enterprises, Inc., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Goldman Sachs Group Inc.
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| Underlying stock: | Commonwealth Telephone Enterprises, Inc.
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| Issue: | Mandatory exchangeable medium-term notes
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| Amount: | $4.999 million
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| Maturity: | March 13, 2006
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| Coupon: | 2%
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| Price: | Par
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| Payout at maturity: | 1 share per $49.25 principal amount, capped at $54.175 per $49.25 principal amount or 10% above initial price of $49.25, in cash or stock at Goldman's option
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| Exchange price: | $49.25
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| Pricing date: | March 4
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| Settlement date: | March 11
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| Underwriter: | Goldman, Sachs & Co.
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