New Issue: Goldman Sachs sells $50 million 25.8% reverse exchangeables linked to Apple

By Angela McDaniels

Seattle, Jan. 27 - The Goldman Sachs Group Inc. priced $50 million of 25.8% reverse exchangeable notes due July 27, 2006, linked to Apple Computer Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	The Goldman Sachs Group Inc.
Issue:	Reverse exchangeable medium-term series B notes
Underlying stock:	Apple Computer Inc.
Amount:	$50,000,411.56
Maturity:	July 27, 2006
Coupon:	25.8%
Price:	Par of $77.278 (closing price of Apple stock on pricing date)
Payout at maturity:	If Apple stock finishes at or above the initial price, payout is a number of shares or cash equal to the face value of the note; if stock finishes below the initial price, then payout is one share
Pricing date:	Jan. 20
Settlement date:	Jan. 27
Underwriter:	Goldman Sachs & Co.
Distribution:	Off shelf

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