Published on 8/25/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $13 million 1% notes exchangeable for Lockheed
New York, Aug. 25 - The Goldman Sachs Group, Inc. priced $13 million 1% notes exchangeable for the common stock of Lockheed Martin 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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Underlying stock: | Lockheed Martin Corp.
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Amount: | $13 million
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Maturity: | Aug. 25, 2010
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Coupon: | 1%
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Price: | Par
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Exchange ratio: | 16.6207, in cash or stock
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Exchange price: | $60.1658
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Exchange premium: | 16.75% over closing price of $51.5339
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Call: | Aug. 25, 2006 onwards at par
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Pricing date: | Aug. 18
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Settlement: | Aug. 25
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Underwriter: | Goldman, Sachs & Co.
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Cusip: | 38141GDN1
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Distribution: | Off shelf
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