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Published on 10/18/2002 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs sells $5 million 7.75% notes exchangeable for Take-Two

New York, Oct. 18 - The Goldman Sachs Group, Inc. sold $5 million of 7.75% notes due 2003 mandatorily exchangeable for the common stock of Take-Two Interactive Software, Inc.

Issuer:The Goldman Sachs Group, Inc.
Issue:Mandatorily exchangeable medium-term notes
Amount:$5,001,567.12
Coupon:7.75% payable quarterly
Maturity:Oct. 22, 2003
Price:Par of $30.2027
Exchange ratio:1 in cash or stock, capped at $45.30, 50% above initial price
Underwriter:Goldman, Sachs & Co.
Pricing date:Oct. 11
Settlement:Oct. 21
Cusip:38141G385

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