Published on 2/14/2005 in the Prospect News Convertibles Daily.
New Issue: Goldman Sachs prices $10 million exchangeables for Newell Rubbermaid at 2%, up 16%
New York, Feb. 14 - The Goldman Sachs Group Inc. priced $10 million of seven-year 2% notes exchangeable for the common stock of Newell Rubbermaid Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The initial exchange premium is 16%.
| Issuer: | Goldman Sachs Group Inc.
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| Underlying stock: | Newell Rubbermaid Inc.
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| Issue: | Exchangeable medium-term notes
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| Amount: | $10 million
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| Maturity: | Feb. 15, 2012
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| Coupon: | 2%
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| Price: | Par
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| Payout at maturity: | Par in cash, automatic exchange if stock more valuable
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| Exchange premium: | 16%
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| Exchange price: | $26.1499
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| Exchange ratio: | 38.241, in cash or stock at Goldman's option
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| Call: | Feb. 15, 2007 onwards at par, automatic exchange if stock more valuable
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 15
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| Underwriter: | Goldman, Sachs & Co.
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