Published on 5/19/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman sells $10 million 5.5% notes mandatorily exchangeable for Cendant
New York, May 19 - The Goldman Sachs Group, Inc sold $10.01 million 5.5% notes mandatorily exchangeable for the common stock of Cendant 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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Amount: | $10,006,915
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Maturity: | May 20, 2004
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Coupon: | 5.5%, payable quarterly
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Price: | Par of $15.185
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Payout at maturity: | Value of one share of Cendant Corp. stock in cash or stock, capped at $18.9813, or 25% above initial price of $15.185
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Pricing date: | May 12, 2003
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Settlement: | May 19, 2003
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Underwriter: | Goldman, Sachs & Co.
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Cusip: | 38141G187
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