New Issue: Goldman Sachs prices $23.18 million 0% notes linked to two indexes, one ETF

By Angela McDaniels

Tacoma, Wash., June 3 - Goldman Sachs Group, Inc. priced $23.18 million of 0% medium-term notes, series B, due June 14, 2010 linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 65% weight, the MSCI EAFE index with a 30% weight and the iShares MSCI Emerging Markets index fund with a 5% weight.

The payout at maturity will be par plus 150% of any basket gain, subject to a maximum return of 31.575%. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Medium-term notes, series B
Underlying basket:	S&P 500 index (65% weight), MSCI EAFE index (30% weight) and iShares MSCI Emerging Markets index fund (5% weight)
Amount:	$23,177,000
Maturity:	June 14, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, capped at maximum payout equal to 131.575% of par; par if basket falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial levels:	1,401.15 for S&P 500; 2,146.00 for MSCI EAFE; $151.81 for iShares
Pricing date:	May 30
Settlement date:	June 13
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%

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