Published on 8/20/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $10 million 3 1/16% notes mandatorily exchangeable for Valero
New York, Aug. 20 - The Goldman Sachs Group, Inc. priced $10.00 million 3 1/16% notes mandatorily exchangeable for the common stock of Valero Energy Corp., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Mandatorily exchangeable medium-term notes
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| Underlying stock: | Valero Energy Corp.
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| Amount: | $10.00 million
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| Maturity: | Aug. 23, 2004
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| Coupon: | 3 1/16%, payable quarterly
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| Price: | Par of $39.4814
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| Exchange ratio: | 1, capped at $49.3518 or 25% above initial value, in cash or stock, at maturity only
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| Pricing date: | Aug. 13
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| Settlement: | Aug. 20
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| Underwriter: | Goldman, Sachs & Co.
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| Cusip: | 38143U887
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| Distribution: | Off shelf
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