New Issue: Goldman prices $10 million 4.4% notes exchangeable for Cendant

By Jennifer Chiou

New York, Sept. 19 - The Goldman Sachs Group Inc. priced $10,000,001.80 of 4.4% notes due March 20, 2006 mandatorily exchangeable for the stock of Cendant Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	The Goldman Sachs Group Inc.
Issue:	Exchangeable medium-term notes, series B
Underlying stock:	Cendant Corp.
Amount:	$10,000,001.80
Maturity:	March 20, 2006
Coupon:	4.4%, payable quarterly
Price:	Par of $20.27
Yield:	4.4%
Payout at maturity:	One share of Cendant stock per $20.27 face amount, capped at $23.3105, 115% of par, in cash or stock at Goldman's option
Exchange price:	$20.27
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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