Published on 5/10/2006 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $29.94 million 0% trigger notes mandatorily exchangeable for Google
By Jennifer Chiou
New York, May 10 - The Goldman Sachs Group Inc. priced $29,940,307.50 of 0% trigger notes due Nov. 10, 2006 mandatorily exchangeable for Google Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | The Goldman Sachs Group Inc.
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Underlying stock: | Google Inc.
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Issue: | Trigger mandatorily exchangeable medium-term series B notes
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Amount: | $29,940,307.50
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Maturity: | Nov. 10, 2006, unless extended for up to six business days
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Coupon: | 0%
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Price: | Par of $399.2041
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Payout at maturity: | 1 Google share for each $399.2041 principal amount, capped at $499.0051, equivalent to 125% of initial stock price; if Google stock does not fall below the threshold price of $293.415 at any time, floor of par
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Initial stock price: | $399.2041
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Cap price: | $499.0051, 125% of initial stock price
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Threshold price: | $293.415, 73.5% of initial stock price
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Pricing date: | May 3
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Settlement date: | May 10
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Lead manager: | Goldman, Sachs & Co.
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