Published on 9/21/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $17.5 million notes exchangeable for Cisco
By Jennifer Chiou
New York, Sept. 21 - Goldman Sachs Group, Inc. priced $17,500,031.40 of one-year 4% notes mandatorily exchangeable for the common stock of Cisco Systems, Inc., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Mandatory exchangeable medium-term series B notes
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| Underlying stock: | Cisco Systems, Inc.
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| Amount: | $17,500,031.40
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| Maturity: | Sept. 25, 2006
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| Coupon: | 4%, payable quarterly
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| Price: | Par of $18.006
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| Payout at maturity: | 1 share per $18.006 principal amount, capped at threshold price of $21.4272
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| Threshold price: | $21.4272, 119% of initial price of $18.006
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| Underwriter: | Goldman, Sachs & Co.
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 22
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