New Issue: Goldman Sachs prices $280,000 callable notes linked to S&P 500 index

By Jennifer Chiou

New York, April 28 - Goldman Sachs Group, Inc. priced $280,000 of 0% callable index-linked notes due April 29, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are callable on five redemption dates at par plus a redemption amount. The redemption amount is 10% of the face amount of the notes on April 29, 2012, 20% on April 29, 2013, 30% on April 29, 2014, 40% on April 29, 2015 and 50% on April 29, 2016.

If the notes are not called, the payout at maturity will be par plus any index return. Investors will receive a minimum of par if the index declines.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable index-linked notes
Underlying index: S&P 500
Amount:	$280,000
Maturity:	April 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in index; minimum of par
Initial index level: 1,347.24
Call option:	At par plus 10% on April 29, 2012, par plus 20% on April 29, 2013, par plus 30% on April 29, 2014, par plus 40% on April 29, 2015, par plus 50% on April 29, 2016
Pricing date:	April 26
Settlement date:	April 29
Underwriter:	Goldman Sachs & Co.
Fees:	3.875%
Cusip:	38143UTM3

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