New Issue: Goldman Sachs prices $3 million autocallable notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 18 - Goldman Sachs Group, Inc. priced $3 million of 0% autocallable index-linked notes due June 11, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial index level on any semiannual call observation date, the notes will be automatically called at par plus an annualized call premium of 10.5%.

The call observation dates are Nov. 29, 2010, May 31, 2011, Nov. 28, 2011, May 29, 2012, Nov. 28, 2012 and May 28, 2013.

If the notes are not called, the payout at maturity will be par as long as the final index level is at least 70% of the initial level. Otherwise, the payout will be par plus the index return.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	June 11, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final index level is at least 70% of initial level; otherwise, full exposure to the decline
Call:	At par plus 10.5% per year if index closes at or above initial level on Nov. 29, 2010, May 31, 2011, Nov. 28, 2011, May 29, 2012, Nov. 28, 2012 or May 28, 2013
Initial index level:	1,135.68
Pricing date:	May 14
Settlement date:	May 28
Underwriter:	Goldman, Sachs & Co.
Fees:	0.25%
Cusip:	38145W600

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