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Published on 4/2/2003 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs sells $1.66 million 9.3% notes exchangeable for Hewlett-Packard

New York, April 2 - The Goldman Sachs Group, Inc. sold $1.66 million 9.3% notes mandatorily exchangeable for the common stock of Hewlett-Packard Co., according to a filing with the Securities and Exchange Commission.

Issuer:The Goldman Sachs Group, Inc.
Issue:Medium-term notes mandatorily exchangeable for common stock of Hewlett-Packard Co.
Amount:$1.66 million
Maturity:April 5, 2004
Coupon:9.3%, payable quarterly
Price:Par of $16.60
Payout at maturity:One share of Hewlett-Packard Co. stock per note, capped at $20.75, 25% over initial price of $16.60
Pricing date:March 26
Settlement:April 2
Underwriter:Goldman, Sachs & Co.
Cusip:38141G278

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