New Issue: Goldman Sachs prices $7.17 million absolute return trigger notes linked to S&P 500

By Jennifer Chiou

New York, May 13 - Goldman Sachs Group, Inc. priced $7.17 million of 0% absolute return trigger notes due May 26, 2009 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays at or above the lower barrier and at or below the upper barrier throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. The payout is capped at $1,170 per note.

The upper barrier is 117% of the initial level. The lower barrier is 83% of the initial level.

If the index is ever outside the barrier range, 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
Amount:	$7,171,000
Maturity:	May 26, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays at or above lower barrier and at or below upper barrier, par plus absolute value of index return; otherwise, par
Maximum total return:	$1,170 per note
Initial level:	1,387.46
Lower barrier:	1,151.592, 83% of initial level
Upper barrier:	1,623.328, 117% of initial level
Pricing date:	May 9
Settlement date:	May 23
Underwriter:	Goldman, Sachs & Co.
Fees:	0.1%

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