Published on 2/17/2006 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $49.4 million 9.05% trigger notes mandatorily exchangeable for Suncor
By Jennifer Chiou
New York, Feb. 17 - The Goldman Sachs Group, Inc. priced $49,438,788 of 9.05% trigger mandatory exchangeable notes due Aug. 17, 2006 exchangeable for Suncor Energy Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
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| Issue: | Trigger mandatorily exchangeable medium-term series B notes
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| Underlying stock: | Suncor Energy Inc.
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| Amount: | $49,438,788
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| Maturity: | Aug. 17, 2006, unless extended for up to six business days
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| Coupon: | 9.05%, payable quarterly
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| Price: | Par of $72.7041
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| Payout at maturity: | If Suncor Energy stock does not fall below the threshold price of $54.5281 at any time, one Suncor Energy share for each $72.7041 principal amount, capped at $83.6097, equivalent to 115% of initial stock price, minimum of par; if Suncor Energy stock falls below the threshold price at any time, one share for each $72.7041 principal amount, capped at $83.6097
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| Threshold price: | $54.5281, 75% of initial price of $72.7041
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 17
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| Lead manager: | Goldman, Sachs & Co.
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