Published on 6/16/2004 in the Prospect News Convertibles Daily.
New Issue: Goldman prices $10 million notes exchangeable for Navistar
New York, June 16 - The Goldman Sachs Group Inc. priced $10 million of six-month 2.875% notes mandatorily exchangeable for the common stock of Navistar International Corp., according to a 424B3 filing with the Securities and Exchange Commission.
Terms of the deal are as follows:
| Issuer: | The Goldman Sachs Group Inc.
|
| Issue: | Exchangeable medium-term notes
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| Underlying stock: | Navistar International Corp.
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| Amount: | $10 million
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| Maturity: | Dec. 17, 2004
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| Coupon: | 2.875%, payable quarterly
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| Price: | Par of $39.00
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| Yield: | 2.875%
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| Payout at maturity: | One share of Navistar per $39.00 face amount, capped at 125% of par, in cash or stock at Goldman's option
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| Exchange price: | $39.00
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| Pricing date: | June 10
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| Settlement date: | June 17
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| Underwriter: | Goldman, Sachs & Co.
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| Distribution: | Off shelf
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