New Issue: Goldman prices $13.5 million notes exchangeable for Marsh & McLennan

New York, Oct. 28 - The Goldman Sachs Group Inc. priced $13.5 million of six-month 11.2% notes mandatorily exchangeable for Marsh & McLennan Cos. Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Terms of the deal are as follows:

Issuer:	The Goldman Sachs Group Inc.
Issue:	Exchangeable medium-term notes
Underlying stock:	Marsh & McLennan Cos. Inc.
Amount:	$13.5 million
Maturity:	April 29, 2005
Coupon:	11.2%, payable monthly
Price:	Par of $27.00
Yield:	11.2%
Payout at maturity:	One share of Marsh & McLennan stock per $27.00 face amount, capped at $32.40, 120% of par, in cash or stock at Goldman's option
Exchange price:	$27.00
Pricing date:	Oct. 22
Settlement date:	Oct. 29
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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