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Published on 2/25/2003 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs sells $10.04 million 9.5% exchangeables linked to SBC

New York, Feb. 25 - The Goldman Sachs Group, Inc. priced $10.04 million of 9.5% mandatory exchangeable notes due 2004 linked to the common stock of SBC Communications Inc., according to a filing with the Securities and Exchange Commission.

Issuer:The Goldman Sachs Group, Inc.
Issue: Mandatorily exchangeable medium-term notes
Amount:$10,036,320
Maturity:Feb. 27, 2004
Coupon:9.5%, payable quarterly
Price:Par of $23.072
Payout at maturity:Cash value of one share of SBC Communications Inc. common stock per note, capped at $28.84 per note
Pricing date:Feb. 19
Settlement:Feb. 26
Cusip:38141G328
Underwriter:Goldman, Sachs & Co.

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