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Published on 2/17/2006 in the Prospect News Convertibles Daily.

New Issue: Goldman Sachs prices $49.4 million 9.05% trigger notes mandatorily exchangeable for Suncor

By Jennifer Chiou

New York, Feb. 17 - The Goldman Sachs Group, Inc. priced $49,438,788 of 9.05% trigger mandatory exchangeable notes due Aug. 17, 2006 exchangeable for Suncor Energy Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:The Goldman Sachs Group, Inc.
Issue:Trigger mandatorily exchangeable medium-term series B notes
Underlying stock:Suncor Energy Inc.
Amount:$49,438,788
Maturity:Aug. 17, 2006, unless extended for up to six business days
Coupon:9.05%, payable quarterly
Price:Par of $72.7041
Payout at maturity:If Suncor Energy stock does not fall below the threshold price of $54.5281 at any time, one Suncor Energy share for each $72.7041 principal amount, capped at $83.6097, equivalent to 115% of initial stock price, minimum of par; if Suncor Energy stock falls below the threshold price at any time, one share for each $72.7041 principal amount, capped at $83.6097
Threshold price:$54.5281, 75% of initial price of $72.7041
Pricing date:Feb. 10
Settlement date:Feb. 17
Lead manager: Goldman, Sachs & Co.

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