Published on 7/26/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $22.5 million 9% notes mandatorily exchangeable for Schering
New York, July 26 - The Goldman Sachs Group, Inc. priced $22.5 million of 9% mandatory exchangeable notes due 2003 exchangeable for the common stock of Schering-Plough Corp., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Mandatorily exchangeable medium-term notes
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| Amount: | $22.498935 million
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| Maturity: | July 27, 2003
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| Coupon: | 9% payable as 7.625% on August 27, 2002 and 0.125% per month after that
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| Price: | Par of $22.387
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| Exchange ratio: | 1, capped at $27.984, equivalent to 125% of stock price at issue
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| Pricing date: | July 19, 2002
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| Lead manager: | Goldman, Sachs & Co.
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| Settlement: | July 26, 2002
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| Cusip: | 38141G468
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