New Issue: Goldman prices $2 million notes tied to S&P 500 and Russell 2000

By Jennifer Chiou

New York, July 3 - Goldman Sachs Group, Inc. priced $2 million of 0% notes due July 2, 2015 tied to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the closing level of either index declines by more than 50% during the life of the notes, the payout at maturity will be par plus the return of the lesser-performing index, which could be positive or negative.

Otherwise, the payout will be par plus the greater of the return of the lesser-performing index and the fixed return of 29%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Medium-term notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2 million
Maturity:	July 2, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If closing level of either index declines by more than 50% during the life of the notes, par plus return of the lesser-performing index; otherwise, par plus the greater of the return of the lesser-performing index and the fixed return of 29%
Initial index level:	1,362.16 for S&P; 798.49 for Russell
Pricing date:	June 29
Settlement date:	July 5
Underwriter:	Goldman Sachs & Co.
Fees:	3.175%
Cusip:	38143U4L2

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