New Issue: Goldman Sachs prices $360,000 absolute return trigger notes linked to S&P 500

By Laura Lutz

Des Moines, May 2 - The Goldman Sachs Group Inc. priced a $360,000 issue of 0% absolute return trigger notes due Nov. 4, 2008 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, investors will receive a 1% positive return for every 1% increase or decrease in the index, as long as the index trades within the index range during the life of the notes.

The index range is 1,210.20, 81% of the initial level, to 1,777.94, 119% of the initial level.

If, on any day during the life of the notes, the index closes outside of the index range, investors will receive par.

Goldman, Sachs & Co. is the agent.

Issuer:	The Goldman Sachs Group Inc.
Underlying index:	S&P 500
Issue:	Absolute return trigger notes
Amount:	$360,000
Maturity:	Nov. 4, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes within index range every trading day, investors will receive par plus the absolute value of the index return; if the index ends a day outside the range, investors will receive par
Initial index level:	1,494.07
Lower range limit:	1,210.20, 81% of 1,494.07
Upper range limit	:	1,777.94, 119% of 1,494.07
Pricing date:	April 27
Settlement date:	May 4
Lead manager:	Goldman, Sachs & Co.
Agent fees:	1.9%

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