New Issue: Goldman Sachs prices $346.8 million autocallable notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 17 - Goldman Sachs Group, Inc. priced $346.8 million of 0% autocallable index-linked notes due Aug. 19, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 7% if the index closes at or above 107% of its initial level on any Monday during the life of the notes, including the final valuation date.

If the notes are not called and the index closes below 85% of its initial level on any day during the life of the notes, the payout at maturity will be par plus the index return. Otherwise, the payout will be par plus the greater of 6.6% and the index return.

Goldman, Sachs & Co. is the underwriter with J.P. Morgan Securities Inc. as co-agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500
Amount:	$346,803,000
Maturity:	Aug. 19, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return if index ever closes below 85% of its initial level; otherwise, par plus greater of index return and 6.6%
Call:	Automatically at par plus 7% if index closes at or above 107% of initial index level on any Monday, including final valuation date
Initial index level:	1,093.48
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Underwriter:	Goldman, Sachs & Co. with J.P. Morgan Securities Inc. as co-agent
Fees:	0.8%

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