Published on 11/12/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman sells $15.53 million 11.25% exchangeables linked to Cendant
New York, Nov. 12 - Goldman Sachs Group, Inc. priced $15.63 million of 11.25% mandatory exchangeable notes due 2003 linked to the common stock of Cendant Corp., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Mandatory exchangeable medium-term notes
|
| Amount: | $15,526,023.50
|
| Maturity: | Nov. 14, 2003
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| Coupon: | 11.25%, payable quarterly
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| Price: | Par of $12.218
|
| Exchange ratio: | 1, payable in cash, capped at $15.27, 25% above initial price of $12.218
|
| Cusip: | 38141G377
|
| Pricing date: | Nov. 5
|
| Settlement: | Nov. 13
|
| Underwriter: | Goldman, Sachs & Co.
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