New Issue: Goldman sells $15 million notes exchangeable for Colgate at 6-month Libor minus 200 bps, up 21.5%

New York, Sept. 27 - The Goldman Sachs Group Inc. priced $15 million of five-year floating-rate notes exchangeable for the common stock of Colgate-Palmolive Co. to yield six-month Libor minus 200 basis points with a 21.5% 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:	Colgate-Palmolive Co.
Amount:	$15 million
Maturity:	Sept. 28, 2009
Coupon:	Six-month Libor minus 200 basis points, not less than 0%
Price:	Par
Yield:	Six-month Libor minus 200 basis points
Exchange premium:	21.5% over initial price of $46.131
Exchange price:	$56.0492
Exchange ratio:	17.8415
Call:	Sept. 28, 2007 onwards at par, automatic exchange if stock more valuable
Payout at maturity:	Par, automatic exchange if stock more valuable
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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