New Issue: Goldman Sachs prices $8.83 million absolute return trigger notes linked to S&P 500

By Susanna Moon

Chicago, July 29 - Goldman Sachs Group, Inc. priced $8.83 million of 0% absolute return trigger notes due Jan. 29, 2010 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index stays within the barrier range throughout the life of the notes, the payout at maturity will be par plus the absolute value of the index return. The payment is capped at $1,352.50 per $1,000 note if the index return is positive and at $1,150.00 if the index return is negative.

The lower barrier is 85% of the initial level, and the upper barrier is 135.25% of the initial level. If the index is ever outside the range, the payout will be par.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Absolute return trigger notes
Underlying index:	S&P 500
Amount:	$8,825,000
Maturity:	Jan. 29, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays at or above lower barrier and at or below upper barrier, par plus absolute value of index return, capped at $1,352.50; otherwise, par
Initial level:	1,252.54
Lower barrier:	1,064.659, or 85% of initial level
Upper barrier:	1,694.061, or 135.25% of initial level
Pricing date:	July 24
Settlement date:	July 29
Underwriter:	Goldman, Sachs & Co.
Fees:	0.15% for $6,055,000 of notes; 0.25% for $2.77 million of notes

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