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Published on 11/28/2005 in the Prospect News Convertibles Daily.

New Issue: Goldman prices $24.51 million notes linked to European basket

New York, Nov. 25 - The Goldman Sachs Group Inc. priced $24.513 million of 0% notes due 2010 linked to a basket of European indexes, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying indexes are the FTSE 100 with a 39% weight, the Dow Jones Euro Stoxx 50 with a 50% weight and the Swiss Market Index with an 11% weight.

At maturity investors receive par plus 1.4 times any percentage increase in the basket. If the basket is flat or declines up to 25%, investors receive par. For bigger declines, the notes pay par minus 1.33333 times any loss over 25%.

Issuer:The Goldman Sachs Group Inc.
Issue:Basket-linked medium-term notes, series B
Underlying indexes:FTSE 100 (39% weight), Dow Jones Euro Stoxx 50 (50% weight), Swiss Market Index (11% weight)
Amount:$24.513 million
Maturity:March 25, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.4 times any gain in basket, par if basket is unchanged or declines up to 25%, par minus 1.33333 times any loss over 25% in basket
Pricing date:Nov. 23
Settlement date:Nov. 25
Underwriter:Goldman, Sachs & Co.
Distribution:Off shelf

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