Published on 4/24/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $10 million 7% notes exchangeable for Motorola
New York, April 24 - The Goldman Sachs Group, Inc. sold $10 million 7% notes due 2004 mandatorily exchangeable for the common stock of Motorola, Inc., 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: | $10,000,380
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| Maturity: | April 26, 2004
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| Coupon: | 7.0%, payable quarterly
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| Price: | Par of $7.80
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| Payout at maturity: | 1 share of Motorola, Inc. stock per note, capped at a value of $11.115, 42.5% above initial price of $7.80
|
| Underwriter: | Goldman, Sachs & Co.
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| Pricing date: | April 16
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| Settlement: | April 24
|
| Cusip: | 38141G237
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