New Issue: Goldman Sachs prices $20 million 6.8% trigger notes exchangeable for Merck

New York, Feb. 15 - The Goldman Sachs Group Inc. priced $20 million of one-year 6.8% trigger notes mandatorily exchangeable for the common stock of Merck & Co. Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Goldman Sachs Group Inc.
Underlying stock:	Merck & Co. Inc.
Issue:	Trigger mandatory exchangeable medium-term notes
Amount:	$20.000 million
Maturity:	Feb. 17, 2006
Coupon:	6.8%, payable quarterly
Price:	Par of $28.733
Payout at maturity:	1 share of Merck stock per $28.733 principal amount, capped at $31.6063 or 110% above initial stock price of $28.733, in cash or stock at Goldman's option; if market price does not fall below threshold price, then payout has a floor of par, in cash or stock at Goldman's option
Threshold price:	$22.412, 78% of initial price of $28.733
Call:	Non-callable
Pricing date:	Feb. 9
Settlement date:	Feb. 16

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