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Published on 5/10/2006 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs sells $29.94 million 0% trigger notes mandatorily exchangeable for Google

By Jennifer Chiou

New York, May 10 - The Goldman Sachs Group Inc. priced $29,940,307.50 of 0% trigger notes due Nov. 10, 2006 mandatorily exchangeable for Google Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:The Goldman Sachs Group Inc.
Underlying stock:Google Inc.
Issue:Trigger mandatorily exchangeable medium-term series B notes
Amount:$29,940,307.50
Maturity:Nov. 10, 2006, unless extended for up to six business days
Coupon:0%
Price:Par of $399.2041
Payout at maturity:1 Google share for each $399.2041 principal amount, capped at $499.0051, equivalent to 125% of initial stock price; if Google stock does not fall below the threshold price of $293.415 at any time, floor of par
Initial stock price:$399.2041
Cap price:$499.0051, 125% of initial stock price
Threshold price:$293.415, 73.5% of initial stock price
Pricing date:May 3
Settlement date:May 10
Lead manager:Goldman, Sachs & Co.

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