Published on 1/14/2004 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $10 million 2.75% notes exchangeable for BMC Software
New York, Jan. 14 - The Goldman Sachs Group Inc. priced $10 million of 2.75% six-month notes mandatorily exchangeable for the common stock of BMC Software 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: | BMC Software Inc.,
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| Amount: | $9.999 million
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| Maturity: | July 14, 2004
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| Coupon: | 2.75%, payable quarterly
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| Price: | Par of $20.5272
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| Exchange ratio: | 1, capped at $25.659 or 25% above initial price, in cash or stock at Goldman's option, at maturity
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| Pricing date: | Jan. 7
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| Settlement date: | Jan. 14
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| Underwriter: | Goldman, Sachs & Co.
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| Distribution: | Off shelf
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