New Issue: Goldman Sachs prices $5 million 5.25% notes exchangeable for Baxter

New York, March 19 - The Goldman Sachs Group Inc. priced $5 million of 5.25% one-year notes mandatorily exchangeable for the common stock of Baxter International Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Terms of the deal are as follows:

Issuer:	The Goldman Sachs Group Inc.
Issue:	Mandatory exchangeable medium-term notes
Underlying stock:	Baxter International Inc.
Amount:	$5 million
Maturity:	March 24, 2005
Coupon:	5.25%, payable quarterly
Price:	Par of $29.53
Payout at maturity:	Value of one share of Baxter stock, capped at $33.9595, 15% above initial price, in cash or stock at Goldman's option
Pricing date:	March 16
Settlement date:	March 23
Underwriter:	Goldman, Sachs & Co.
Distribution:	Off shelf

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