New Issue: Goldman prices $100 million 7% notes exchangeable for Tyco

By Jennifer Chiou

New York, Sept. 19 - The Goldman Sachs Group Inc. priced $100,011,120 of 7% notes due Sept. 28, 2006 mandatorily exchangeable for the stock of Tyco International Ltd., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	The Goldman Sachs Group Inc.
Issue:	Exchangeable medium-term notes, series B
Underlying stock:	Tyco International Ltd.
Amount:	$100,011,120
Maturity:	Sept. 28, 2006
Coupon:	7%, payable quarterly
Price:	Par of $29.073
Yield:	7%
Payout at maturity:	One share of Tyco stock per $29.073 face amount, capped at $32.7071, 112.5% of par, in cash or stock at Goldman's option
Exchange price:	$29.073
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.