Published on 4/27/2006 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $103 million 8% notes mandatorily exchangeable for KLA-Tencor
By Angela McDaniels
Seattle, April 27 - The Goldman Sachs Group Inc. priced $102,913,230 of 8% notes due May 14, 2007 mandatorily exchangeable for KLA-Tencor Corp. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
Payout at maturity will be payable in stock or cash at Goldman Sachs' option.
| Issuer: | Goldman Sachs Group Inc.
|
| Issue: | Mandatory exchangeable medium-term series B notes
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| Underlying stock: | KLA-Tencor Corp.
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| Amount: | $102,913,230
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| Maturity: | May 14, 2007
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| Coupon: | 8%, payable quarterly
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| Price: | Par of $49.0063
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| Exchange ratio: | 1, capped at $56.9698, equivalent to 116.25% of stock price at issue
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| Pricing date: | April 21
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| Settlement date: | April 28
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| Agent: | Goldman, Sachs & Co.
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