New Issue: Goldman Sachs prices $3.8 million 5.625% notes exchangeable for Intel

New York, March 17 - The Goldman Sachs Group Inc. priced $3.80 million of 5.625% one-year notes mandatorily exchangeable for the common stock of Intel Corp., 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:	Mandatory exchangeable medium-term notes
Underlying stock:	Intel Corp.
Amount:	$3.799 million
Maturity:	March 21, 2005
Coupon:	5.625%, payable quarterly
Price:	Par of $27.47
Payout at maturity:	Value of one share of Intel stock, capped at $32.964, 20% above initial price, in cash or stock at Goldman's option
Pricing date:	March 12
Settlement date:	March 19
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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