New Issue: Goldman Sachs sells $822,000 of callable notes linked to S&P 500

By Toni Weeks

San Diego, Feb. 28 - Goldman Sachs Group, Inc. priced $822,000 of 0% callable index-linked notes due Feb. 28, 2017 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes may be called at par plus a premium on any of five call observation dates. The premium will be 10% if the notes are called on Feb. 28, 2012; 20% if they are called on Feb. 28, 2013; 30% if they are called on Feb. 28, 2014; 40% if they are called on Feb. 28, 2015 and 50% if they are called on Feb. 28, 2016.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index falls, the payout at maturity will be par.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable index-linked notes
Underlying index:	S&P 500
Amount:	$822,000
Maturity:	Feb. 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the index return; otherwise, par
Call option:	At par plus a premium of 10% if called on Feb. 28, 2012; 20% if called on Feb. 28, 2013; 30% if called on Feb. 28, 2014; 40% if called on Feb. 28, 2015 and 50% if called on Feb. 28, 2016
Initial level:	1307.40
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Underwriter:	Goldman Sachs & Co.
Fees:	3.875%
Cusip:	38143URJ2

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