Published on 4/29/2003 in the Prospect News Convertibles Daily.
New Issue: Goldman prices $15.4 million 11.25% notes exchangeable for TECO
New York, April 29 - The Goldman Sachs Group, Inc. priced $15.4 million 11.25% notes mandatorily exchangeable for the common stock of TECO Energy, Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | The Goldman Sachs Group, Inc.
|
| Issue: | Mandatorily exchangeable medium-term notes
|
| Amount: | $15,399,779.78
|
| Maturity: | April 30, 2004
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| Coupon: | 11.25%, payable quarterly
|
| Price: | Par of $10.7114
|
| Payout at maturity: | Value of 1 share of TECO Energy, Inc., capped at $13.07 (22% above initial stock price of $10.7114), payable in cash or stock
|
| Underwriter: | Goldman, Sachs & Co.
|
| Pricing date: | April 22
|
| Settlement: | April 29
|
| Cusip: | 38141G229
|
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