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Published on 8/25/2004 in the Prospect News Convertibles Daily.

New Issue: Goldman prices $5.19 million notes exchangeable for Synopsys

New York, Aug. 24 - The Goldman Sachs Group Inc. priced $5.19 million of six-month 10.25% notes mandatorily exchangeable for the common stock of Synopsys Inc., 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:Synopsys Inc.
Amount:$5.192 million
Maturity:Feb. 26, 2005
Coupon:10.25%, payable monthly
Price:Par of $14.7369
Yield:10.25%
Payout at maturity:One share of Synopsys stock per $14.7369 face amount, capped at $17.6843, 120% of par, in cash or stock at Goldman's option
Exchange price:$14.7369
Pricing date:Aug. 19
Settlement date:Aug. 26
Underwriter:Goldman, Sachs & Co.
Distribution:Off shelf

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