Published on 2/18/2004 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $11 million 11.5% notes exchangeable for Seagate
New York, Feb. 18 - The Goldman Sachs Group Inc. priced $11.03 million of 11.5% six-month notes mandatorily exchangeable for the common stock of Seagate Technology, according to a 424B3 filing with the Securities and Exchange Commission.
Terms of the deal are as follows:
| Issuer: | The Goldman Sachs Group Inc.
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| Issue: | Mandatory exchangeable medium-term notes
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| Underlying stock: | Seagate Technology
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| Amount: | $11.029 million
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| Maturity: | Aug. 19, 2004
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| Coupon: | 11.5%, payable quarterly
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| Price: | Par of $16.8593
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| Payout at maturity: | Value of one share of Seagate stock, capped at $20.2312, 20% above initial price, in cash or stock at Goldman's option
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 19
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| Underwriter: | Goldman, Sachs & Co.
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| Distribution: | Off shelf
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