Published on 8/5/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $13.2 million 8% exchangeables linked to AOL
New York, Aug. 5 - The Goldman Sachs Group, Inc. priced $13.22 million 8% mandatory exchangeable notes due 2003 linked to the common stock of AOL Time Warner Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Mandatory exchangeable medium-term notes
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| Underwriter: | Goldman, Sachs & Co.
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| Amount: | $13,224,937.32
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| Coupon: | 8%, payable quarterly
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| Maturity: | Aug. 6, 2003
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| Price: | Par of $11.446
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| Exchange ratio: | 1, payable in cash, capped at $18.54 (62% above AOL stock level at pricing date)
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| Pricing date: | July 29
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| Settlement: | Aug. 5
|
| Cusip: | 38141G435
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