Published on 7/21/2005 in the Prospect News Biotech Daily and Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $100 million 6.25% notes mandatorily exchangeable for Wyeth
By Jennifer Chiou
New York, July 21 - The Goldman Sachs Group, Inc. priced $100 million of 6.25% mandatory exchangeable notes due July 31, 2006 exchangeable for the common stock of Wyeth, according to a 424B3 filing with the Securities and Exchange Commission.
Wyeth is a Madison, N.J., company that develops and sells pharmaceuticals, vaccines and biotechnology products.
Issuer: | The Goldman Sachs Group, Inc.
|
Issue: | Mandatorily exchangeable series B medium-term notes
|
Underlying stock: | Wyeth
|
Amount: | $100,002,500
|
Maturity: | July 31, 2006, unless extended up to six days
|
Coupon: | 6.25%, payable quarterly
|
Price: | Par of $45.25
|
Exchange ratio: | 1, capped at $49.775, equivalent to 110% of stock price at issue
|
Threshold price: | $49.775
|
Lead manager: | Goldman, Sachs & Co.
|
Pricing date: | July 15
|
Settlement: | July 22
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.