New Issue: Goldman Sachs prices $13.06 million 0% notes tied to S&P GSCI Ultra-Light Energy strategy

By Angela McDaniels

Tacoma, Wash., May 15 - Goldman Sachs Group, Inc. priced $13.06 million of 0% medium-term notes, series B, due May 28, 2010 linked to the S&P GSCI Ultra-Light Energy Enhanced Strategy Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The strategy tracks the performance of a weighted basket of contracts on 24 energy-related physical commodities and is a variation of the S&P GSCI Ultra-Light Energy index.

The payout at maturity will be par plus 125% of any strategy gain, subject to a maximum return of 32%. Investors will receive par if the strategy declines by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Medium-term notes, series B
Underlying strategy:	S&P GSCI Ultra-Light Energy Enhanced Strategy Excess Return
Amount:	$13,058,000
Maturity:	May 28, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any strategy gain, capped at maximum payout equal to 132% of par; par if strategy declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial strategy level:	226.5
Pricing date:	May 13
Settlement date:	May 28
Underwriter:	Goldman, Sachs & Co.
Fees:	0.175%

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