Published on 8/31/2004 in the Prospect News Convertibles Daily.
New Issue: Goldman prices $12 million notes exchangeable for Brinker to yield 1%, up 27.25%
New York, Aug. 31 - The Goldman Sachs Group Inc. priced $12 million of five-year 1% notes exchangeable for the common stock of Brinker International Inc., according to a 424B3 filing with the Securities and Exchange Commission.
Terms of the deal are as follows:
| Issuer: | The Goldman Sachs Group Inc.
|
| Issue: | Exchangeable medium-term notes
|
| Underlying stock: | Brinker International Inc.
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| Amount: | $12 million
|
| Maturity: | Sept. 1, 2009
|
| Coupon: | 1%
|
| Price: | Par
|
| Redemption price: | Par, automatic exchange for stock if more valuable
|
| Yield: | 1%
|
| Exchange premium: | 27.25%
|
| Exchange price: | $38.9856
|
| Exchange ratio: | 25.6505
|
| Call: | Sept. 1, 2006 onwards at par, automatic exchange for stock if more valuable
|
| Pricing date: | Aug. 25
|
| Settlement date: | Sept. 1
|
| Underwriter: | Goldman, Sachs & Co.
|
| Distribution: | Off shelf
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