Published on 1/22/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman sells $7.325 million 2% notes exchangeable for Waste Management
New York, Jan. 22 - Goldman Sachs Group, Inc. priced $7.325 million of 2% notes due 2008 exchangeable for the common stock of Waste Management, Inc. on Jan. 14, according to a filing with the Securities and Exchange Commission.
The securities, sold off Goldman's medium-term note program, are exchangeable at any time unless called first. In addition, they automatically exchange at maturity or when called if the value of the stock exceeds the principal and interest payable.
They were priced via Goldman, Sachs & Co.
| Issuer: | Goldman Sachs Group, Inc.
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| Amount: | $7.325 million
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| Maturity: | Sept. 4, 2008
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| Coupon: | 2% payable semi-annually beginning March 4, 2002
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| Price: | 102.8
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| Call: | Sept. 4, 2003 onwards
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| Exchange ratio: | 27.338 shares per $1,000 note, in cash or stock at Goldman's option
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| Reference price: | $30.9246
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| Settlement: | Jan. 22
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| Cusip: | 38141GBX1
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| End
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