New Issue: Goldman Sachs prices $18.417 million enhanced participation notes linked to Topix

By Jennifer Chiou

New York, Feb. 20 - The Goldman Sachs Group Inc. priced an $18.417 million issue of 0% enhanced participation notes due Dec. 1, 2010 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

Payout at maturity will be determined according to the index value on the determination date. If the index value rises, investors will receive par plus 1.65 times the return on the index.

Investors will receive par if the index declines by 25% or less. If the index drops by more than 25%, investors will lose 1% for each 1% decline beyond 25%.

Issuer:	The Goldman Sachs Group Inc.
Issue:	Enhanced participation medium-term notes, series B
Underlying index:	Topix
Amount:	$18.417 million
Maturity:	Dec. 1, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.65 times the return on the index; par if the index declines by 25% or less; investors will lose 1% for each 1% decline beyond 25%
Initial index level:	1,765.31
Pricing date:	Feb. 14
Settlement date:	March 1
Agent:	Goldman, Sachs & Co.
Fees:	0.25%

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