Published on 4/4/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $14.5 million 4% notes exchangeable for GlobalSantaFe
New York, April 4 - The Goldman Sachs Group, Inc. priced $14.5 million 4% notes mandatorily exchangeable for the common stock of GlobalSantaFe Corp., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Mandatory exchangeable medium-term notes
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| Amount: | $14,496,815.32
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| Coupon: | 4.0%, payable quarterly
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| Price: | Par of $21.242
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| Pricing date: | March 28
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| Settlement: | April 4
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| Maturity: | April 5, 2004
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| Cusip: | 38141G252
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| Underwriter: | Goldman, Sachs & Co.
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| Payout at maturity: | One share of GlobalSantaFe Corp. common stock, capped at $31.863 per note (equivalent to 50% above initial stock price of $21.242)
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