Bond Goldman Sachs 1.706% ( US38147Q6P64 ) in USD

Goldman Sachs

100 % ▼

United States

US38147Q6P64 ( in USD )

1.706% per year ( payment 2 times a year)

28/05/2026

Prospectus brochure of the bond Goldman Sachs US38147Q6P64 en USD 1.706%, maturity 28/05/2026

1 000 USD

3 770 000 USD

38147Q6P6

BBB+ ( Lower medium grade - Investment-grade )

A2 ( Upper medium grade - Investment-grade )

28/05/2025 ( In 94 days )

Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to corporations, governments, and high-net-worth individuals.

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147Q6P64, pays a coupon of 1.706% per year.
The coupons are paid 2 times per year and the Bond maturity is 28/05/2026

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147Q6P64, was rated A2 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147Q6P64, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement No. 2906 dated May 22, 2014
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424B2 1 d731645d424b2.htm PROSPECTUS SUPPLEMENT NO. 2906 DATED MAY 22, 2014
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

$3,770,000
Floating Rate Notes due 2026

Interest wil be payable quarterly on February 28, May 28, August 28 and November 28 of each year, commencing
on August 28, 2014 to, and including, the stated maturity date (May 28, 2026) at a floating rate equal to the
then-applicable 3-month USD LIBOR rate plus the spread of 1.45% per annum, subject to the maximum interest rate of
7.50% per annum. The notes wil mature on the stated maturity date. On the stated maturity date, you wil receive
$1,000, plus any accrued and unpaid interest, for each $1,000 of the face amount of your notes.
The interest on your notes for each quarterly interest period wil be a rate equal to:

·
if the 3-month USD LIBOR rate on the interest determination date plus the spread is less than the maximum

interest rate, the 3-month USD LIBOR rate on such interest determination date plus the spread; or

·
if the 3-month USD LIBOR rate on the interest determination date plus the spread is equal to or greater than

the maximum interest rate, the maximum interest rate.
Even if the 3-month USD LIBOR rate on an interest determination date plus the spread is greater than the
maximum interest rate of 7.50% per annum, the notes will accrue only 7.50% per annum in the applicable
interest period.
Your investment in the notes involves certain risks, including, among other things, our credit risk. See
page S-5.
You should read the additional disclosure herein so that you may better understand the terms and risks of your
investment.

Original issue date:
May 28, 2014
Original issue price:
100.00% of the face amount
Underwriting discount:
1.125% of the face amount
Net proceeds to the issuer: 98.875% of the face amount
Neither the Securities and Exchange Commission nor any other regulatory body has approved or
disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement, the
accompanying prospectus supplement or the accompanying prospectus. Any representation to the contrary is
a criminal offense. The notes are not bank deposits and are not insured by the Federal Deposit Insurance
Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
Prospectus Supplement No. 2906 dated May 22, 2014.
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The issue price, underwriting discount and net proceeds listed on the cover page hereof relate to the notes we sel
initial y. We may decide to sel additional notes after the date of this prospectus supplement, at issue prices and with
underwriting discounts and net proceeds that differ from the amounts set forth above. The return (whether positive or
negative) on your investment in notes wil depend in part on the issue price you pay for such notes.
Goldman Sachs may use this prospectus supplement in the initial sale of the offered notes. In addition, Goldman,
Sachs & Co., or any other affiliate of Goldman Sachs may use this prospectus supplement in a market-making
transaction in a note after its initial sale. Unless Goldman Sachs or its agent informs the purchaser otherwise in
the confirmation of sale, this prospectus supplement is being used in a market-making transaction.

About Your Notes
The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. This prospectus
supplement constitutes a supplement to the documents listed below and should be read in conjunction with such
documents:

·
Prospectus supplement dated September 19, 2011

·
Prospectus dated September 19, 2011
The information in this prospectus supplement supersedes any conflicting information in the documents listed above. In
addition, some of the terms or features described in the listed documents may not apply to your notes.
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SPECIFIC TERMS OF YOUR NOTES

We refer to the notes we are offering by this prospectus supplement as the "offered notes" or the "notes". Please
note that in this prospectus supplement, references to "The Goldman Sachs Group, Inc.", "we", "our" and "us" mean
only The Goldman Sachs Group, Inc. and do not include its consolidated subsidiaries. Also, references to the
"accompanying prospectus" mean the accompanying prospectus, dated September 19, 2011, as supplemented by
the accompanying prospectus supplement, dated September 19, 2011, relating to Medium-Term Notes, Series D, of
The Goldman Sachs Group, Inc. Please note that in this section entitled "Specific Terms of Your Notes", references
to "holders" mean those who own notes registered in their own names, on the books that we or the trustee maintain
for this purpose, and not those who own beneficial interests in notes registered in street name or in notes issued in
book-entry form through The Depository Trust Company. Please review the special considerations that apply to
owners of beneficial interests in the accompanying prospectus, under "Legal Ownership and Book-Entry Issuance".
References to the "indenture" in this prospectus supplement mean the senior debt indenture, dated July 16, 2008,
between The Goldman Sachs Group, Inc. and The Bank of New York Mellon, as trustee.
Key Terms
Issuer: The Goldman Sachs Group, Inc.
Specified currency: U.S. dol ars ("$")
Face amount: each note wil have a face amount equal to $1,000, or integral multiples of $1,000 in excess thereof;
$3,770,000 in the aggregate for all the offered notes; the aggregate face amount of the offered notes may be increased
if the issuer, at its sole option, decides to sel an additional amount of the offered notes on a date subsequent to the date
of this prospectus supplement
Stated maturity date: May 28, 2026
Trade date: May 22, 2014
Original issue date (settlement date): May 28, 2014
Form of Notes: global form only
Supplemental discussion of U.S. federal income tax consequences: The notes wil be treated as variable rate debt
instruments for U.S. federal income tax purposes. Under this characterization, it is the opinion of Sidley Austin LLP that
you should include the interest payments on the notes in ordinary income at the time you receive or accrue such
payments, depending on your regular method of accounting for tax purposes. Any gain or loss you recognize upon the
sale or maturity of your notes should be capital gain or loss. Please see "Supplemental Discussion of Federal Income
Tax Consequences" below for a more detailed discussion.
Interest rate: a rate per annum equal to the base rate plus the spread, subject to the maximum interest rate; for the
initial interest period, the base rate shall be the initial base rate
Maximum interest rate: 7.50% per annum
Base rate: 3-month USD LIBOR (as described in the accompanying prospectus supplement under "Description of the
Notes We May Offer -- Interest Rates -- LIBOR Notes")
Initial base rate: 3-month USD LIBOR in effect on May 23, 2014
Reuters screen LIBOR page: LIBOR01
Index maturity: 3 months
Index currency: U.S. dol ar
Spread: 1.45% per annum
Interest payment dates: quarterly; on each February 28, May 28, August 28 and November 28, commencing on
August 28, 2014 to and ending on the stated maturity date

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Interest periods: quarterly; the periods from and including an interest payment date (or the original issue date, in the
case of the initial interest period) to but excluding the next succeeding interest payment date (or the stated maturity date,
in the case of the final interest period) are each an interest period
Business day convention: modified fol owing unadjusted; applicable to interest payment dates and interest reset dates
Interest determination dates: for each interest period, the second London business day preceding the interest reset
date
Interest reset dates: every February 28, May 28, August 28 and November 28, commencing on August 28, 2014
Day count convention: 30/360 (ISDA)
Regular record dates: the scheduled business day immediately preceding each interest payment date
No listing: the notes wil not be listed or displayed on any securities exchange or interdealer market quotation system
No redemption: the notes wil not be subject to redemption right or price dependent redemption right
London business day: any day on which commercial banks are open for general business (including dealings in U.S.
dol ars) in London
Business day: New York business day.
Calculation agent: Goldman, Sachs & Co.
CUSIP no.: 38147Q6P6
ISIN no.: US38147Q6P64
FDIC: the notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other
governmental agency; nor are they obligations of, or guaranteed by, a bank

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HYPOTHETICAL EXAMPLES
The fol owing table is provided for purposes of il ustration only. It should not be taken as an indication or prediction of
future investment results and is intended merely to il ustrate the method we wil use to calculate the amount of interest
accrued during each interest period.
The table below is based on 3-month USD LIBOR rates that are entirely hypothetical; no one can predict what the
3-month USD LIBOR rate wil be on any day, and no one can predict the interest that wil accrue on your notes in any
interest period.
For these reasons, the actual 3-month USD LIBOR rates, as wel as the interest payable on each interest payment
date, may bear little relation to the hypothetical table shown below or to the historical 3-month USD LIBOR rates shown
elsewhere in this prospectus supplement. For information about the 3-month USD LIBOR rates during recent periods,
see "Historical 3-Month USD LIBOR Rates" on page S-9. Before investing in the offered notes, you should consult
publicly available information to determine the 3-month USD LIBOR rates between the date of this prospectus
supplement and the date of your purchase of the offered notes.
The fol owing table il ustrates the method we wil use to calculate the interest rate at which interest wil accrue on
each day included in each interest period, subject to the key terms and assumptions below.
The percentage amounts in the left column of the table below represent hypothetical final 3-month USD LIBOR rates
on a given interest determination date. The right column of the table below represents the hypothetical interest rate per
annum that would be payable on a given interest payment date, based on the corresponding hypothetical 3-month USD
LIBOR rate. The information in the table also reflects the key terms and assumptions in the box below.

Key Terms and Assumption
Face amount

$1,000
Maximum interest rate

7.50% per annum
Spread

1.45%
Also, the hypothetical examples shown below do not take into account the effects of applicable taxes.

Hypothetical 3-month USD
Hypothetical interest rate per annum payable on an interest
LIBOR Rate

payment date (including the spread).
-1.45%

0.00%
-1.00%

0.45%
0.00%

1.45%
1.00%

2.45%
2.00%

3.45%
3.00%

4.45%
4.00%

5.45%
5.00%

6.45%
6.00%

7.45%
6.05%

7.50%
7.00%

7.50%*
8.00%

7.50%*
9.00%

7.50%*
* Interest is capped at the maximum interest rate of 7.50% per annum
Payments on the notes are economically equivalent to the amounts that would be paid on a combination of other
instruments. For example, payments on the notes are economically equivalent to the amounts that would be paid on a
combination of an interest-bearing bond bought, and an option bought, by the holder (with an implicit option premium paid
over time by the holder). The discussion in this paragraph does not modify or affect the terms of the notes or the United
States income tax treatment of the notes, as described elsewhere in this prospectus supplement.

We cannot predict the actual 3-month USD LIBOR rate on any day or the market value of your notes, nor can we
predict the relationship between the 3-month USD LIBOR rate and the market value of your notes at any time prior to
the stated maturity date. The actual interest payment that a holder of the offered notes will receive on each interest
payment date and the rate of return on the offered notes will depend on the actual 3-month USD LIBOR rates
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determined by the calculation agent over the life of your notes. Moreover, the assumptions on which the hypothetical
table is based may turn out to be inaccurate. Consequently, the interest amount to be paid in respect of your notes on
each interest payment date may be very different from the information reflected in the table above.

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ADDITIONAL RISK FACTORS SPECIFIC TO YOUR NOTES

An investment in your notes is subject to the risks described below as well as the risks described under
"Considerations Relating to Floating Rate Debt Securities" in the accompanying prospectus dated September 19,
2011. Your notes are a riskier investment than ordinary debt securities. You should carefully review these risks as
well as the terms of the notes described herein and in the accompanying prospectus, dated September 19, 2011,
as supplemented by the accompanying prospectus supplement, dated September 19, 2011, of The Goldman
Sachs Group, Inc. You should carefully consider whether the offered notes are suited to your particular
circumstances.

The Notes Are Subject to the Credit Risk of the Issuer
Although the return on the notes wil be based in part on the performance of the 3 month-USD LIBOR, the payment
of any amount due on the notes is subject to our credit risk. The notes are our unsecured obligations. Investors are
dependent on our ability to pay all amounts due on the notes, and therefore investors are subject to our credit risk and to
changes in the market's view of our creditworthiness. See "Description of the Notes We May Offer -- Information About
Our Medium-Term Notes, Series D Program -- How the Notes Rank Against Other Debt" on page S-4 of the
accompanying prospectus supplement.
The Amount of Interest Payable On The Notes In Each Interest Period Is Capped
For each interest period, on the applicable interest determination date, the 3-month USD LIBOR rate plus the
spread wil be subject to the maximum interest rate of 7.50% per annum, which wil limit the amount of interest you may
receive on each interest payment date. Thus, you wil not benefit from any increases in the 3-month USD LIBOR rate
plus the spread above the maximum interest rate. Accordingly, the notes may provide more or less interest income than
an investment in a similar instrument.
We May Sell an Additional Aggregate Face Amount of the Notes at a Different Issue Price
At our sole option, we may decide to sel an additional aggregate face amount of the notes subsequent to the date of
this prospectus supplement. The issue price of the notes in the subsequent sale may differ substantial y (higher or lower)
from the issue price you paid as provided on the cover of this prospectus supplement.
The Amount of Interest Payable on Your Notes Will Not Be Affected by the 3-Month USD LIBOR Rate on Any
Day Other Than an Interest Determination Date
For each interest period, the amount of interest payable on each interest payment date is calculated based on the
3-month USD LIBOR rate on the applicable interest determination date plus the spread. Although the actual 3-month
USD LIBOR rate on an interest payment date or at other times during an interest period may be higher than the 3-month
USD LIBOR rate on the applicable interest determination date, you wil not benefit from the 3-month USD LIBOR rate at
any time other than on the interest determination date for such interest period.
Increased Regulatory Oversight and Changes in the Method Pursuant to Which the LIBOR Rates Are
Determined May Adversely Affect the Value of Your Notes
Beginning in 2008, concerns were raised that some of the member banks surveyed by the British Bankers'
Association (the "BBA") in connection with the calculation of LIBOR across a range of maturities and currencies may
have been under-reporting or otherwise manipulating the inter-bank lending rate applicable to them. A number of BBA
member banks have entered into settlements with their regulators and law enforcement agencies with respect to al eged
manipulation of LIBOR, and investigations were instigated by regulators and governmental authorities in various
jurisdictions (including in the United States, United Kingdom, European Union, Japan and Canada). If manipulation of
LIBOR or another inter-bank lending rate occurred, it may have resulted in that rate being artificial y lower (or higher)
than it otherwise would have been.
In September 2012, the U.K. government published the results of its review of LIBOR (commonly referred to as the
"Wheatley Review"). The Wheatley Review made a number of recommendations for changes with respect to LIBOR
including the introduction of statutory regulation of LIBOR, the transfer of responsibility for LIBOR from the BBA to an
independent administrator, changes to the method of compilation of lending rates and new regulatory oversight and
enforcement mechanisms for rate-setting. Based on the Wheatley Review, final rules for the regulation and supervision
of LIBOR by the Financial Conduct Authority (the "FCA") were published and came into effect on April 2, 2013 (the "FCA
Rules"). In particular, the FCA Rules include requirements that (1) an independent LIBOR administrator monitor and
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survey LIBOR submissions to identify breaches of practice standards and/or potentially manipulative behavior, and
(2) firms submitting data to LIBOR establish and maintain a clear conflicts of interest policy and appropriate systems and
controls. In addition, in response to the Wheatley Review recommendations, ICE Benchmark Administration Limited (the
"ICE Administration") has been appointed as the independent LIBOR administrator, effective February 1, 2014.

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It is not possible to predict the effect of the FCA Rules, any changes in the methods pursuant to which the LIBOR
rates are determined and any other reforms to LIBOR that wil be enacted in the U.K. and elsewhere, which may
adversely affect the trading market for LIBOR-based securities. In addition, any changes announced by the FCA, the
ICE Administration or any other successor governance or oversight body, or future changes adopted by such body, in the
method pursuant to which the LIBOR rates are determined may result in a sudden or prolonged increase or decrease in
the reported LIBOR rates. If that were to occur and to the extent that the value of your securities is affected by reported
LIBOR rates, the level of interest payments and the value of the securities may be affected. Further, uncertainty as to
the extent and manner in which the Wheatley Review recommendations wil continue to be adopted and the timing of
such changes may adversely affect the current trading market for LIBOR-based securities and the value of your notes.
The Historical Levels of the 3-Month USD LIBOR Rate Are Not an Indication of the Future Levels of the 3-Month
USD LIBOR Rate
In the past, the level of the 3-month USD LIBOR rate has experienced significant fluctuations. You should note that
historical levels, fluctuations and trends of the 3-month USD LIBOR rate are not necessarily indicative of future levels.
Any historical upward or downward trend in the 3-month USD LIBOR rate is not an indication that the 3-month USD
LIBOR rate is more or less likely to increase or decrease at any time during an interest period, and you should not take
the historical levels of the 3-month USD LIBOR rate as an indication of its future performance.
The Market Value of Your Notes May Be Influenced by Many Unpredictable Factors
When we refer to the market value of your notes, we mean the value that you could receive for your notes if you
chose to sel it in the open market before the stated maturity date. A number of factors, many of which are beyond our
control, wil influence the market value of your notes, including:

·
the 3-month USD LIBOR rate;

·
the volatility -- i.e., the frequency and magnitude of changes -- in the level of the 3-month USD LIBOR

rate;

·
economic, financial, regulatory, political, military and other events that affect LIBOR rates general y;

·
other interest rates and yield rates in the market;

·
the time remaining until your notes mature; and

·
our creditworthiness, whether actual or perceived, and including actual or anticipated upgrades or

downgrades in our credit ratings or changes in other credit measures.
These factors, and many other factors, wil influence the price you wil receive if you sel your notes before maturity,
including the price you may receive for your notes in any market making transaction. If you sell your notes before
maturity, you may receive less than the face amount of your notes.
You cannot predict the future performance of the 3-month USD LIBOR rate based on its historical performance. The
actual performance of the 3-month USD LIBOR rate, as wel as the interest payable on each interest payment date, may
bear little or no relation to the hypothetical levels of the 3-month USD LIBOR rate or to the hypothetical examples shown
elsewhere in this prospectus supplement.
If the 3-Month USD LIBOR Rate Changes, the Market Value of Your Notes May Not Change in the Same Manner
The price of your notes may move differently than the 3-month USD LIBOR rate. Changes in the 3-month USD
LIBOR rate may not result in a comparable change in the market value of your notes. We discuss some of the reasons
for this disparity under "-- The Amount of Interest Payable on Your Notes Wil Not Be Affected by the 3-Month USD
LIBOR Rate on Any Day Other Than an Interest Determination Date" and "-- The Market Value of Your Notes May Be
Influenced by Many Unpredictable Factors" above.
Goldman Sachs' Anticipated Hedging Activities May Negatively Impact Investors in the Notes and Cause our
Interests and Those of Our Clients and Counterparties to be Contrary to Those of Investors in the Notes
Goldman Sachs expects to hedge our obligations under the notes by purchasing futures and/or other instruments
linked to 3-month USD LIBOR. We also expect to adjust our hedge by, among other things, purchasing or selling any of
the foregoing, and perhaps other instruments linked to the 3-month USD LIBOR, at any time and from time to time, and
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