Published on 12/14/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $15 million 10.7% notes mandatorily exchangeable for Massey Energy
By Jennifer Chiou
New York, Dec. 14 - The Goldman Sachs Group, Inc. priced $15 million of 10.7% notes due June 16, 2006 mandatorily exchangeable for Massey Energy Co. stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Mandatorily exchangeable series B medium-term notes
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| Underlying stock: | Massey Energy Co.
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| Amount: | $15,000,026.73
|
| Maturity: | June 16, 2006, unless extended up to six days
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| Coupon: | 10.7%
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| Price: | Par of $40.982
|
| Exchange ratio: | 1, capped at $49.1784, equivalent to 120% of stock price at issue
|
| Threshold price: | $49.1784
|
| Exchange price: | $40.982
|
| Exchange ratio: | 1
|
| Lead manager: | Goldman, Sachs & Co.
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 16
|
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