New Issue: Goldman sells $25.175 million 2% exchangeable notes linked to Waste Management

New York, Feb. 12 - The Goldman Sachs Group, Inc. sold $25.175 million of 2% exchangeable equity-linked notes due 2009 linked to Waste Management, Inc. common stock, according to a filing with the Securities and Exchange Commission.

The notes, sold from Goldman's medium-term note program priced on Feb. 5 through Goldman, Sachs & Co.

They are exchangeable at any time unless called first. In addition, they automatically exchange at maturity or when called if the value of the stock exceeds the principal and interest payable. Automatic and voluntary exchanges are paid in cash.

Issuer:	Goldman Sachs Group, Inc.
Amount:	$25.175 million
Maturity:	Feb. 12, 2009
Coupon:	2% payable semi-annually beginning Aug. 12, 2002
Price:	Par
Payout at maturity:	Par in cash
Call:	Feb. 12, 2004 onwards at par
Exchange ratio:	29.9803 payable in cash
Reference price:	$24.892
Settlement:	Feb. 12 flat
Cusip:	38141GBZ6

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