New Issue: Goldman Sachs prices $20 million notes exchangeable for Medtronic at 1%, up 14.25%

New York, June 29 - The Goldman Sachs Group, Inc. priced $20 million 1% notes exchangeable for the common stock of Medtronic, Inc. with a 14.25% initial exchange premium, according to a 424B3 filing with the Securities and Exchange Commission.

Medtronic is a Minneapolis-based medical technology company.

Issuer:	The Goldman Sachs Group, Inc.
Issue:	Exchangeable medium-term series B notes
Underlying stock:	Medtronic, Inc.
Amount:	$20 million
Maturity:	June 29, 2012
Coupon:	1%
Price:	Par
Exchange premium:	14.25%
Exchange price:	$59.313 (at any time)
Exchange ratio:	16.8597 payable in cash or stock at maturity
Call:	June 29, 2008 onwards at par, automatic exchange if more valuable
Underwriter:	Goldman, Sachs & Co.
Pricing date:	June 22
Settlement:	June 29

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