New Issue: Goldman prices $25 million 10.6% notes exchangeable for Pixar

By Jennifer Chiou

New York, July 15 - The Goldman Sachs Group, Inc. priced $25,008,684 of six-month 10.6% notes mandatorily exchangeable for the common stock of Pixar, according to a 424B3 filing with the Securities and Exchange Commission.

Based in Emeryville, Calif., Pixar creates and produces animated films.

Issuer:	The Goldman Sachs Group, Inc.
Issue:	Mandatory exchangeable medium-term series B notes
Underlying stock:	Pixar
Amount:	$25,008,684
Maturity:	Jan. 18, 2006
Coupon:	10.6%
Price:	Par of $42.3876, initial stock price
Payout at maturity:	1 share per $42.3876 principal amount, capped at $46.6264 per $42.3876 principal amount, an increase of 10%
Exchange price:	$42.3876
Pricing date:	July 11
Settlement date:	July 18
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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