New Issue: Goldman prices $13 million notes exchangeable for Amgen to yield 1.5%, up 24.75%

New York, July 21 - The Goldman Sachs Group Inc. priced $13 million of five-year 1.5% notes exchangeable for the common stock of Amgen Inc. to yield 1.5% with a 24.75% 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:	Amgen Inc.
Amount:	$13 million
Maturity:	July 22, 2009
Coupon:	1.5%
Price:	Par
Yield:	1.5%
Exchange premium:	24.75%
Exchange price:	$70.0771
Exchange ratio:	14.27, in cash or stock, at Goldman's option
Call:	July 22, 2006 onwards at par, automatic exchange if stock more valuable
Payout at maturity:	Par in cash, automatic exchange if stock more valuable
Pricing date:	July 15
Settlement date:	July 22
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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