Published on 5/12/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman prices $74.99 million 6.5% notes mandatorily exchangeable for AOL Time Warner
New York, May 12 - The Goldman Sachs Group, Inc. issued $74.99 million 6.5% notes mandatorily exchangeable for 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: | Mandatorily exchangeable medium-term notes
|
| Amount: | $74,994,067.20
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| Maturity: | Nov. 13, 2004
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| Coupon: | 6.5%, payable quarterly
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| Price: | Par of $13.2288
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| Payout at maturity: | Value of one share of AOL Time Warner Inc. stock in cash or stock, capped at $16.536, 25% above initial price of $13.2288
|
| Pricing date: | May 6
|
| Settlement: | May 13
|
| Underwriter: | Goldman, Sachs & Co.
|
| Cusip: | 38141G211
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