New Issue: Goldman Sachs prices $10 million floaters exchangeable for Medtronic

New York, May 20 - The Goldman Sachs Group Inc. priced $10 million of 10-year floating-rate notes exchangeable for the common stock of Medtronic Inc. to yield six-month Libor minus 200 basis points with a 23.25% initial conversion premium, according to a 424B3 filing with the Securities and Exchange Commission.

Terms of the deal are as follows:

Issuer:	The Goldman Sachs Group Inc.
Issue:	Exchangeable medium-term notes
Underlying stock:	Medtronic Inc.
Amount:	$10 million
Maturity:	May 20, 2014
Coupon:	Six-month Libor minus 200 basis points, 0% floor
Price:	Par
Yield:	Six-month Libor minus 200 basis points, 0% floor
Exchange premium:	23.25%
Exchange price:	$62.8575
Exchange ratio:	15.9090, in cash or stock, at Goldman's option
Call:	May 20, 2006 onwards at par, automatic exchange if stock more valuable
Payout at maturity:	Par in cash, automatic exchange if stock more valuable
Pricing date:	May 13
Settlement date:	May 20
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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