Published on 9/27/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman prices $20 million notes exchangeable for GlobalSantaFe
By Jennifer Chiou
New York, Sept. 27 - The Goldman Sachs Group Inc. priced $20,000,328.30 of 7% notes due Oct. 2, 2006 mandatorily exchangeable for GlobalSantaFe Corp. stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group Inc.
|
| Issue: | Exchangeable medium-term notes, series B
|
| Underlying stock: | GlobalSantaFe Corp.
|
| Amount: | $20,000,328.30
|
| Maturity: | Oct. 2, 2006
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| Coupon: | 7%, payable quarterly
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| Price: | Par of $46.355
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| Yield: | 7%
|
| Payout at maturity: | One share of GlobalSantaFe stock per $46.355 face amount, capped at $55.626, 120% of par, in cash or stock at Goldman's option
|
| Exchange price: | $46.355
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Distribution: | Off shelf
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