Published on 1/15/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $11.76 million 3.5% notes exchangeable for HCA
New York, Jan. 15 - The Goldman Sachs Group, Inc. sold $11.76 million of 3.5% notes due 2009 exchangeable for common stock of HCA Inc. on Jan. 8, according to a filing with the Securities and Exchange Commission.
The notes, sold from Goldman's medium-term note program, are exchangeable at any time unless called first. In addition, they automatically exchange at maturity or when called if the value of the stock exceeds the principal and interest payable.
They were brought to market by Goldman, Sachs & Co.
| Issuer: | Goldman Sachs Group, Inc.
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| Amount: | $11.76 million
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| Maturity: | Jan. 15, 2009
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| Coupon: | 3.5%, payable semi-annually beginning July 15, 2002
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| Price: | Par
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| Yield: | 3.5%
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| Call: | Jan. 15, 2004 onwards at par
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| Exchange ratio: | 17.2864 shares per $1,000 face amount note. Payable in cash or stock at Goldman's option
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| Reference price of HCA stock: | $38.9555
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| Settlement: | Jan. 15
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| Cusip: | 38141GBV5
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