Published on 10/25/2002 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs sells $14 million 3% notes exchangeable for Waste Management
New York, Oct. 25 - The Goldman Sachs Group, Inc. sold $14.039 million 3% exchangeable notes linked to the common stock of Waste Management, Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Exchangeable equity-linked medium-term notes
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| Amount: | $14.039 million
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| Coupon: | 3%
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| Maturity: | Oct. 28, 2012
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| Price: | Par
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| Pricing Date: | Oct. 21
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| Settlement: | Oct. 28
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| Exchange ratio: | 28.2965 shares of Waste Management, Inc., payable in cash
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| Exchange price: | $35.34 (50% above initial price of $23.56)
|
| Call: | Oct. 28, 2004 onwards
|
| Cusip: | 38141GCK8
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| Underwriter: | Goldman, Sachs & Co.
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