Published on 4/29/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $4.98 million exchangeables into AVX
New York, April 29 - Goldman Sachs Group, Inc. priced $4.98 million of one-year 6.5% notes mandatorily exchangeable for the common stock of AVX Corp., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Mandatory exchangeable medium-term notes
|
| Underlying stock: | AVX Corp.
|
| Amount: | $4.978 million
|
| Maturity: | May 4, 2006
|
| Coupon: | 6.5% (payable monthly)
|
| Price: | Par of $10.87
|
| Yield: | 6.5%
|
| Payout at maturity: | 1 share of AVX stock per $10.87 principal amount, capped at $12.5005, 15% above initial price of $10.87
|
| Underwriter: | Goldman, Sachs & Co.
|
| Pricing date: | April 26
|
| Settlement date: | May 3
|
|
|
© 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.
