New Issue: Goldman prices $100 million notes exchangeable for Sony at 0%, up 32.5%

By Jennifer Chiou

New York, Aug. 12 - The Goldman Sachs Group, Inc. priced $100 million of 0% notes due Aug. 3, 2009 exchangeable for the ordinary shares of Sony Corp., according to a 424B3 filing with the Securities and Exchange Commission. The initial conversion premium is 32.5%.

At maturity the notes exchange into Sony stock if the final stock price is above the conversion price of ¥3,851.225. The foreign exchange rate at the time is used. Holders may not exchange before maturity.

Issuer:	The Goldman Sachs Group, Inc.
Issue:	Mandatory exchangeable medium-term series B notes
Underlying stock:	Sony Corp.
Amount:	$100 million
Maturity:	Aug. 3, 2009, unless extended up to six days
Coupon:	0%
Price:	Par
Payout at maturity:	If final stock price is above conversion price of ¥3,851.225, then notes are converted using foreign exchange rate at the time, otherwise par in cash
Exchange rate:	28.8869
Conversion price:	¥3,851.225
Conversion premium:	32.5% over ¥3,730.00 initial stock price
Pricing date:	Aug. 5
Settlement date:	Aug. 12
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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