Published on 2/11/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $13.1 million 0.5% notes exchangeable for CSX
New York, Feb. 11 - The Goldman Sachs Group, Inc. sold $13.1 million 0.5% seven-year notes exchangeable for the common stock of CSX Corp., according to a filing with the Securities and Exchange Commission.
Issuer: | The Goldman Sachs Group, Inc.
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Issue: | Exchangeable medium-term notes
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Maturity: | Feb. 11, 2010
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Coupon: | 0.5%
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Amount: | $13.1 million
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Price: | Par
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Exchange ratio: | 29.1816 payable in cash or stock at Goldman's option; automatic exchange at maturity if cash value of stock exceeds principal plus accrued interest
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Exchange price: | $34.2682
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Premium: | 23.25% over reference price of $27.8038
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Call: | Feb. 11, 2005 onwards at par
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Pricing date: | Feb. 4
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Settlement: | Feb. 11
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Underwriter: | Goldman, Sachs & Co.
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Cusip: | 38141GCT9
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