New Issue: Goldman Sachs prices $300 million enhanced-participation notes linked to S&P 500

By Jennifer Chiou

New York, Feb. 21 - Goldman Sachs Group Inc. priced a $300 million issue of 0% enhanced-participation notes due Feb. 26, 2009 linked to the S&P 500 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 double the return on the index, capped at 17.32%, in addition to a supplemental return equal to 2.15%. In all, the maximum return is 19.47%. Investors will receive par for losses up to 2% and will share in losses beyond 2% plus the supplemental return.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group Inc.
Issue:	Enhanced-participation medium-term notes, series B
Underlying index:	S&P 500
Amount:	$300 million
Maturity:	Feb. 26, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any positive return on the index plus a 2.15% supplemental return, for a maximum return of 19.47%; par for losses up to 2%; investors share in losses beyond 2% plus supplemental return
Initial index level:	1,348.78
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Underwriter:	Goldman, Sachs & Co.
Fees:	0.2%

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