Published on 5/14/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $11.2 million 7% notes mandatorily exchangeable for AEP
New York, May 14 - The Goldman Sachs Group, Inc. issued $11.2 million 7% mandatorily exchangeable for the common stock of American Electric Power Co., Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Mandatorily exchangeable medium-term notes
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| Amount: | $11.2 million
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| Maturity: | May 17, 2004
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| Coupon: | 7% payable quarterly
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| Price: | Par of $25.4723
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| Payout at maturity: | 1 share of American Electric Power Co., Inc. stock in cash or stock capped at $30.57 or 20% over initial price of $25.4723
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| Pricing date: | May 7
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| Settlement: | May 14
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| Underwriter: | Goldman, Sachs & Co.
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| Cusip: | 38141G195
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