New Issue: Goldman Sachs prices $5.53 million autocallable notes linked to S&P 500

By Jennifer Chiou

New York, June 21 - Goldman Sachs Group, Inc. priced $5.53 million of 0% autocallable index-linked notes due July 1, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial index level on either call observation date, the notes will be automatically called at par plus an annualized call premium of 12.3%.

The call observation dates are Dec. 27, 2010 and March 24, 2011.

If the notes are not called, the payout at maturity will be par as long as the final index level is at least 80% of the initial level. Otherwise, the payout will be par plus the index return.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500
Amount:	$5,525,000
Maturity:	July 1, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final index level is at least 80% of initial level; otherwise, full exposure to the decline
Call:	At par plus 12.3% per year if index closes at or above initial level on Dec. 27, 2010 and March 24, 2011
Initial index level:	1,114.44
Pricing date:	June 17
Settlement date:	June 24
Underwriter:	Goldman, Sachs & Co.
Fees:	0.1%
Cusip:	38145W220

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