Published on 2/14/2006 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $5 million 7% notes mandatorily exchangeable for Motorola
New York, Feb. 14 - The Goldman Sachs Group Inc. priced $5 million of 7% notes due Feb. 16, 2007, mandatorily exchangeable for Motorola, Inc. common stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Goldman Sachs Group
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| Issue: | Mandatory exchangeable series B medium-term notes
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| Underlying stock: | Motorola, Inc.
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| Amount: | $5,000,166.90
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| Maturity: | Feb. 16, 2007, unless extended up to six business days
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| Coupon: | 7%, payable quarterly
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| Price: | Par of $21.495
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| Exchange ratio: | 1, capped at $25.579, equivalent to 119% of stock price at issue
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| Threshold price: | $25.579
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| Exchange price: | $21.495
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| Lead manager: | Goldman, Sachs & Co.
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 15
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