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Published on 5/9/2006 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs sells $15.99 million 0% notes mandatorily exchangeable for Electronic Arts

By Jennifer Chiou

New York, May 9 - The Goldman Sachs Group Inc. priced $15,990,454.20 of 0% Trigger mandatory exchangeable notes due Nov. 10, 2006 exchangeable for Electronic Arts Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:The Goldman Sachs Group Inc.
Underlying stock:Electronic Arts Inc.
Issue:Trigger mandatorily exchangeable medium-term series B notes
Amount:$15,990,454.20
Maturity:Nov. 10, 2006, unless extended for up to six business days
Coupon:0%
Price:Par of $54.3893
Payout at maturity:If Electronic Arts stock does not fall below the threshold price of $44.599 at any time, one Electronic Arts share for each $54.3893 principal amount, capped at $67.443, equivalent to 124% of initial stock price, minimum of par; if Electronic Arts stock falls below the threshold price at any time, one share for each $54.3893 principal amount, capped at $67.443
Initial stock price:$54.3893
Cap price:$67.443, 124% of initial stock price
Threshold price:$44.599, 82% of initial stock price
Pricing date:May 3
Settlement date:May 10
Lead manager:Goldman, Sachs & Co.

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