Published on 7/28/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $15 million 5.5% notes exchangeable for Abbott
New York, July 28 - The Goldman Sachs Group, Inc. priced $15.00 million 5.5% notes mandatorily exchangeable for the common stock of Abbott Laboratories, according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Mandatory exchangeable medium-term notes
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| Amount: | $15.000 million
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| Maturity: | July 29, 2004
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| Coupon: | 5.5%, payable quarterly
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| Price: | Par of $41.30 (equivalent to initial stock price)
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| Exchange ratio: | 1, payable in cash or stock, at maturity, capped at $47.495, 115% of initial price
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| Underwriter: | Goldman, Sachs & Co.
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| Pricing date: | July 21
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| Settlement: | July 28
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| Cusip: | 38143U507
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