Published on 12/31/2004 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $20 million 4% notes exchangeable for EchoStar
New York, Dec. 29 - The Goldman Sachs Group, Inc. priced $20 million of one-year 4% notes mandatorily exchangeable for the common stock of EchoStar Communications Corp., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Goldman Sachs Group, Inc.
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| Underlying stock: | EchoStar Communications Corp.
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| Issue: | Mandatory exchangeable medium-term notes
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| Amount: | $20 million
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| Maturity: | Dec. 30, 2005
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| Coupon: | 4%, payable quarterly
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| Price: | Par of $33.57
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| Payout at maturity: | 1 share of EchoStar stock per $33.57 principal amount, capped at $40.284 or 120% above initial stock price of $33.57, in cash or stock at Goldman's option
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| Call: | Non-callable
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 29
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