New Issue: Goldman Sachs prices $31.05 million absolute return trigger notes linked to S&P 500

By Laura Lutz

Des Moines, Feb. 25 - Goldman Sachs Group, Inc. priced $31.05 million of 0% absolute return trigger notes due May 28, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays within 20.05% of its initial level during the life of the notes, the payout will be par plus the absolute value of the index return.

If the index ever closes above or below its initial level by more than 20.05%, the payout will be par.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Absolute return trigger notes
Underlying index:	S&P 500 index
Amount:	$31,051,000
Maturity:	May 28, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays within 20.05% of initial level, par plus absolute value of index return; otherwise, par
Initial level:	1,364.69
Lower barrier:	1,091.069, 79.95% of initial level
Upper barrier:	1,638.311, 120.05% of initial level
Pricing date:	Feb. 21
Settlement date:	March 6
Underwriter:	Goldman, Sachs & Co.
Fees:	0.1%

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