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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.
Issue:Mandatorily exchangeable medium-term notes
Amount:$10,006,915
Maturity:May 20, 2004
Coupon:5.5%, payable quarterly
Price:Par of $15.185
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
Pricing date:May 12, 2003
Settlement:May 19, 2003
Underwriter:Goldman, Sachs & Co.
Cusip:38141G187

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