New Issue: Goldman prices $10.72 million notes exchangeable for Chiron

New York, Nov. 19 - The Goldman Sachs Group Inc. priced $10.72 million of one-year 5% trigger notes mandatorily exchangeable for Chiron Corp. stock, 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:	Trigger mandatory exchangeable medium-term notes
Underlying stock:	Chiron Corp.
Amount:	$10.72 million
Maturity:	Nov. 21, 2005
Coupon:	5%, payable monthly
Price:	Par of $31.97
Yield:	5%
Payout at maturity:	One share of Chiron stock per $31.97 face amount, capped at $38.364, 120% of par, in cash or stock at Goldman's option
	If Chiron stock never drops below trigger level, then payout has a floor of par
Exchange price:	$31.97
Trigger level:	$25.576, 80% of initial price of $31.97
Pricing date:	Nov. 12
Settlement date:	Nov. 19
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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