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Published on 9/8/2004 in the Prospect News Convertibles Daily.

New Issue: Goldman prices $50.48 million notes exchangeable for Linear Technology

New York, Sept. 8 - The Goldman Sachs Group Inc. priced $50.48 million of one-year 7% notes mandatorily exchangeable for the common stock of Linear Technology 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:Exchangeable medium-term notes
Underlying stock:Linear Technology Corp.
Amount:$50.477 million
Maturity:Sept. 19, 2005
Coupon:7%
Price:Par of $36.0548
Yield:7%
Payout at maturity:One share of Linear Technology stock per $36.0548 face amount, capped at $43.1756, 119.75% of par, in cash or stock at Goldman's option
Exchange price:$36.0548
Pricing date:Sept. 2
Settlement date:Sept. 10
Underwriter:Goldman, Sachs & Co.
Distribution:Off shelf

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