Published on 3/24/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman sells $5 million 9.55% mandatory exchangeables linked to SBC
New York, March 24 - The Goldman Sachs Group, Inc. sold $5.002 9.55% million mandatory exchangeable notes 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
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| Amount: | $5,001,850
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| Coupon: | 9.55% payable quarterly
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| Price: | Par of $21.70
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| Maturity: | March 25, 2004
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| Payout at maturity: | Value of 1 share of SBC Communications Inc. stock per note, in cash or stock, capped at $27.125 or 25% above initial value of $21.70
|
| Underwriter: | Goldman, Sachs & Co.
|
| Pricing date: | March 17
|
| Settlement: | March 24
|
| Cusip: | 38141G294
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