New Issue: Goldman prices $19 million notes exchangeable for Merrill Lynch to yield 0%, up 13.75%

New York, June 14 - The Goldman Sachs Group Inc. priced $19 million of five-year 0% notes exchangeable for the common stock of Merrill Lynch & Co. Inc. to yield 0% with a 13.75% initial conversion premium, 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:	Merrill Lynch & Co. Inc.
Amount:	$19 million
Maturity:	June 11, 2009
Coupon:	0%
Price:	Par
Yield:	0%
Exchange premium:	13.75%
Exchange price:	$56.696
Exchange ratio:	15.5095, in cash or stock, at Goldman's option
Call:	June 11, 2007 onwards at par, automatic exchange if stock more valuable
Payout at maturity:	Par in cash, automatic exchange if stock more valuable
Dividend protection:	Yes
Pricing date:	June 4
Settlement date:	June 11
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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