Published on 11/18/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $4.5 million 5.125% notes exchangeable for Motorola
New York, Nov. 18 - The Goldman Sachs Group Inc. priced $4.5 million of 5.125% one-year notes that are exchangeable for the common stock of Motorola Inc., according to a filing with the Securities and Exchange Commission.
Terms of the deal are as follows:
Issuer: | The Goldman Sachs Group Inc.
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Issue: | Mandatory exchangeable medium-term notes
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Underlying stock: | Motorola Inc.
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Amount: | $4.5 million
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Maturity: | Nov. 19, 2004
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Coupon: | 5.125%, payable quarterly
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Price: | Par of $13.3447
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Exchange ratio: | 1, capped at $17.2147 or 29% above initial price, in cash or stock at Goldman's option, at maturity
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Pricing date: | Nov. 11
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Settlement: | Nov. 18
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Underwriter: | Goldman, Sachs & Co.
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Cusip: | 38143U796
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Distribution: | Off shelf
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