Published on 5/9/2006 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $15.99 million 0% notes mandatorily exchangeable for Electronic Arts
By Jennifer Chiou
New York, May 9 - The Goldman Sachs Group Inc. priced $15,990,454.20 of 0% Trigger mandatory exchangeable notes due Nov. 10, 2006 exchangeable for Electronic Arts Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | The Goldman Sachs Group Inc.
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Underlying stock: | Electronic Arts Inc.
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Issue: | Trigger mandatorily exchangeable medium-term series B notes
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Amount: | $15,990,454.20
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Maturity: | Nov. 10, 2006, unless extended for up to six business days
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Coupon: | 0%
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Price: | Par of $54.3893
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Payout at maturity: | If Electronic Arts stock does not fall below the threshold price of $44.599 at any time, one Electronic Arts share for each $54.3893 principal amount, capped at $67.443, equivalent to 124% of initial stock price, minimum of par; if Electronic Arts stock falls below the threshold price at any time, one share for each $54.3893 principal amount, capped at $67.443
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Initial stock price: | $54.3893
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Cap price: | $67.443, 124% of initial stock price
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Threshold price: | $44.599, 82% of initial stock price
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Pricing date: | May 3
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Settlement date: | May 10
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Lead manager: | Goldman, Sachs & Co.
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