Bond Goldman Sachs 3.03% ( US38147QA894 ) in USD

Goldman Sachs

80.5 % ⇌

United States

US38147QA894 ( in USD )

3.03% per year ( payment 2 times a year)

26/06/2029

Prospectus brochure of the bond Goldman Sachs US38147QA894 en USD 3.03%, maturity 26/06/2029

1 000 USD

2 000 000 USD

38147QA89

BBB+ ( Lower medium grade - Investment-grade )

26/06/2025 ( In 123 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 US38147QA894, pays a coupon of 3.03% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/06/2029

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147QA894, was rated NR by Moody's credit rating agency.

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147QA894, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement No. 2944 dated June 23, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514249090/d747416d424b2.htm
424B2 1 d747416d424b2.htm PROSPECTUS SUPPLEMENT NO. 2944 DATED JUNE 23, 2014
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Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

$2,000,000
Cal able Quarterly CMS Spread-Linked Notes due 2029

The notes wil mature on the stated maturity date (June 26, 2029).
We may redeem your notes at 100% of their face amount plus any accrued and unpaid interest on any quarterly interest payment date on or after
December 26, 2014.
On the stated maturity date, we wil pay you an amount in cash equal to the face amount of your notes plus accrued and unpaid interest, if any. The notes
wil pay interest quarterly, beginning September 26, 2014. For each of the first four interest periods, interest wil be paid at a rate of 9.00% per annum. For each
interest period thereafter, the amount of interest you wil be paid each quarter wil be based on the product of 5.00 times the CMS spread (the difference
between the 30-year CMS rate minus the 5-year CMS rate on the relevant interest determination date, which wil be the second U.S. Government securities
business day preceding the respective interest period), subject to the maximum interest rate of 10.00% per annum.
For each quarterly interest period after the fourth interest period, the interest rate per annum for such interest period wil equal:

·
if (i) the CMS spread times (i ) 5.00 is greater than or equal to 10.00%, the maximum interest rate of 10.00%;

·
if (i) the CMS spread times (i ) 5.00 is less than 10.00% but greater than 0%, (i) the CMS spread times (i ) 5.00; or

·
if the CMS spread is equal to or less than 0%, 0%.
After the first four interest periods, if on any interest determination date the 30-year CMS rate does not exceed the 5-year CMS rate, you will
receive no interest on your notes for such interest period, even if the CMS spread on subsequent days is greater than 0%. Furthermore, after the
first four interest periods, the interest rate per annum will be subject to a maximum interest rate of 10.00%.
Your investment in the notes involves certain risks, including, among other things, our credit risk. See page S-4.
You should read the additional disclosure herein so that you may better understand the terms and risks of your investment.
The estimated value of your notes at the time the terms of your notes were set on the trade date (as determined by reference to pricing models
used by Goldman, Sachs & Co. and taking into account our credit spreads) was equal to approximately $897 per $1,000 face amount, which is less
than the original issue price. The value of your notes at any time will reflect many factors and cannot be predicted.

Original issue date: June 26, 2014
Original issue price: 100.00% of the face amount

Underwriting discount: 4.30% of the face amount

Net proceeds to issuer: 95.70% of the face amount
In addition to offers and sales at the initial price to public, the underwriters and/or dealers may offer the notes from time to time for sale in one or more
transactions at market prices prevailing at the time of sale, at prices related to market prices or at negotiated prices.
Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed
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upon the accuracy or adequacy of this 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. 2944 dated June 23, 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 Prospectus
The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. The prospectus includes this pricing supplement and the
accompanying documents listed below. 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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SUMMARY INFORMATION

We refer to the notes we are offering by this prospectus supplement as the "offered notes" or the "notes". Each of the offered notes, including your
notes, has the terms described below and under "Specific Terms of Your Notes" on page S-10. 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. 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.
sale, exchange, redemption or maturity of the notes wil be taxed as ordinary
interest income.
CMS spread: on any interest determination date, the difference of the
30-year CMS rate minus the 5-year CMS rate.
Trade date: June 23, 2014
30-year CMS rate: for any interest determination date, the 30-year U.S.
Original issue date (settlement date): June 26, 2014
dol ar interest rate swap rate (as described on page S-11) on such day,
subject to adjustment as described elsewhere in this prospectus supplement
Stated maturity date: June 26, 2029, subject to our early redemption right
and to adjustment as described under "Specific Terms of Your Notes --
5-year CMS rate: for any interest determination date, the 5-year U.S. dol ar
Payment of Principal on Stated Maturity Date -- Stated Maturity Date" on
interest rate swap rate (as described on page S-11) on such day, subject to
page S-11
adjustment as described elsewhere in this prospectus supplement
Specified currency: U.S. dol ars ("$")
Face amount: each note wil have a face amount equal to $1,000;
$2,000,000 in the aggregate for al the offered notes; the aggregate face
Denominations: $1,000 or integral multiples of $1,000 in excess thereof
amount of the offered notes may be increased if the issuer, at its sole option,
Interest payment dates: March 26, June 26, September 26 and
decides to sel an additional amount of the offered notes on a date
December 26 of each year, beginning on September 26, 2014, and
subsequent to the date of this prospectus supplement
ending on the stated maturity date, subject to adjustments as described
Supplemental discussion of U.S. federal income tax consequences: We
elsewhere in the prospectus supplement
intend to treat the notes as debt instruments subject to the special rules
Early redemption: we have the right to redeem your notes, in whole but not
governing contingent payment debt instruments for U.S. federal income tax
in part, at a price equal to 100% of the face amount plus accrued and unpaid
purposes. Under this treatment, it is the opinion of Sidley Austin LLP that if
interest, on each interest payment date on or after December 26, 2014,
you are a U.S. individual or taxable entity, you general y should be required to
subject to five business days' prior notice
pay taxes on ordinary income from the notes over their term based on the
comparable yield for the notes, subject to any positive and negative
Interest rate: for the first four interest periods, the interest rate wil be
adjustments based on the actual interest payments on the notes. In addition,
9.00% per annum. For each interest period thereafter, subject to our early
any gain you may recognize on the
redemption right, the interest rate wil be based upon the CMS spread on the
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relevant interest determination date for such interest period and wil be a rate
per annum equal to:

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· if (i) the CMS spread times (i ) 5.00 is greater than or equal to the
Interest determination dates: for each interest period after the first four

maximum interest rate: the maximum interest rate;
interest periods, the second U.S. Government securities business day

preceding such interest period
· if (i) the CMS spread times (i ) 5.00 is less than the maximum

interest rate but greater than 0%: (i) the CMS spread times
Interest period: the period from and including each interest payment date (or
(i ) 5.00; 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

· if the CMS spread is equal to or less than 0%: 0%
date, in the case of the final interest period)
Maximum interest rate: 10.00% per annum
FDIC: The notes are not bank deposits and are not insured by the Federal
Day count convention: 30/360 (ISDA)
Deposit Insurance Corporation (the "FDIC") or any other governmental
agency, nor are they obligations of, or guaranteed by, a bank
Business day convention: fol owing unadjusted
Calculation agent: Goldman, Sachs & Co.
Regular record dates: the scheduled business day immediately preceding
each interest payment date
CUSIP no.: 38147QA89
Defeasance: not applicable
ISIN no.: US38147QA894
No listing: the offered notes wil not be listed or displayed on any securities
exchange or interdealer market quotation system
Business day: as described on page S-13
U.S. Government securities business day: any day except for a Saturday,
Sunday or a day on which the Securities Industry and Financial Markets
Association recommends that the fixed income department of its members be
closed for the entire day for purposes of trading in U.S. government
securities

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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 Indexed Securities"
in the accompanying prospectus dated September 19, 2011. 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. Your notes are a riskier investment than ordinary debt securities. You should carefully consider whether the offered notes
are suited to your particular circumstances.

The Estimated Value of Your Notes At the Time the Terms of Your Notes
our models due to, among other things, any differences in pricing models or
Were Set On the Trade Date (as Determined By Reference to Pricing
assumptions used by others. See "-- The Market Value of Your Notes
Models Used By Goldman, Sachs & Co.) Was Less Than the Original
May Be Influenced by Many Factors That Are Unpredictable and Interrelated
Issue Price Of Your Notes
in Complex Ways" below.
The original issue price for your notes exceeds the estimated value of
The difference between the estimated value of your notes as of the time
your notes as of the time the terms of your notes were set on the trade date,
the terms of your notes were set on the trade date and the original issue
as determined by reference to Goldman, Sachs & Co.'s pricing models and
price is a result of certain factors, including principally the underwriting
taking into account our credit spreads. Such estimated value on the trade
discount and commissions, the expenses incurred in creating, documenting
date is set forth on the cover of this prospectus supplement; after the trade
and marketing the notes, and an estimate of the difference between the
date, the estimated value as determined by reference to these models wil be
amounts we pay to Goldman, Sachs & Co. and the amounts Goldman,
affected by changes in market conditions, our creditworthiness and other
Sachs & Co. pays to us in connection with your notes. We pay to Goldman,
relevant factors. If Goldman, Sachs & Co. buys or sel s your notes (if
Sachs & Co. amounts based on what we would pay to holders of a
Goldman, Sachs & Co. makes a market, which it is not obligated to do) it wil
non-structured note with a similar maturity. In return for such payment,
do so at prices that reflect the estimated value determined by reference to
Goldman, Sachs & Co. pays to us the amounts we owe under your notes.
such pricing models at that time. The price at which Goldman, Sachs & Co.
wil buy or sel your notes at any time also wil reflect its then current bid and
In addition to the factors discussed above, the value and quoted price of
ask spread for similar sized trades of structured notes.
your notes at any time wil reflect many factors and cannot be predicted. If
Goldman, Sachs & Co. makes a market in the notes, the price quoted by
In estimating the value of your notes as of the time the terms of your
Goldman, Sachs & Co. would reflect any changes in market conditions and
notes were set on the trade date, as disclosed on the front cover of this
other relevant factors, including any deterioration in our creditworthiness or
prospectus supplement, Goldman, Sachs & Co.'s pricing models consider
perceived creditworthiness. These changes may adversely affect the value of
certain variables, including principal y our credit spreads, interest rates
your notes, including the price you may receive for your notes in any market
(forecasted, current and historical rates), volatility, price-sensitivity analysis
making transaction. To the extent that Goldman, Sachs & Co. makes a
and the time to maturity of the notes. These pricing models are proprietary
market in the notes, the quoted price wil reflect the estimated value
and rely in part on certain assumptions about future events, which may prove
determined by reference to Goldman, Sachs & Co.'s pricing models at that
to be incorrect. As a result, the actual value you would receive if you sold
time, plus or minus its then current bid and ask spread for similar sized trades
your notes in the secondary market, if any, to others may differ, perhaps
of structured notes.
material y, from the estimated value of your notes determined by reference to

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Furthermore, if you sell your notes, you will likely be charged a
Because of the long-dated maturity of your notes, the expected future
commission for secondary market transactions, or the price wil likely reflect
performance of the CMS spread wil have a greater impact on the market
a dealer discount. This commission or discount wil further reduce the
value of your notes than if your notes had an earlier maturity date. In
proceeds you would receive for your notes in a secondary market sale.
particular, the expected future performance of the CMS spread may cause
the market value of your notes to decrease even though the CMS spread
There is no assurance that Goldman, Sachs & Co. or any other party wil
may be greater than 0% during some portion of the life of the offered
be wil ing to purchase your notes at any price and, in this regard, Goldman,
notes. Moreover, expectations about the performance of the CMS spread in
Sachs & Co. is not obligated to make a market in the notes. See "-- Your
the future are subject to a great degree of uncertainty and may be based on
Notes May Not Have an Active Trading Market" below.
assumptions about the future that may prove to be incorrect. Even if the
expected future performance of the CMS spread is favorable to your notes,
The Notes Are Subject to the Credit Risk of the Issuer
this uncertainty may result in market participants substantial y discounting this
future performance when determining the market value of your notes.
Although the return on the notes wil be based in part on the relationship
between the 5-year CMS rate and the 30-year CMS rate, the payment of any
If the CMS Spread Is Less than or Equal to 0% on the Relevant Interest
amount due on the notes is subject to our credit risk. The notes are our
Determination Date for Any Interest Period After the First Four Interest
unsecured obligations. Investors are dependent on our ability to pay all
Periods, No Interest Will Be Paid for that Interest Period
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
Because of the formula used to calculate the interest rate
"Description of the Notes We May Offer -- Information About Our
applicable to your notes, in the event that on the relevant interest
Medium-Term Notes, Series D Program -- How the Notes Rank Against
determination date for any interest period after the first four interest
Other Debt" on page S-4 of the accompanying prospectus supplement.
periods the 30-year CMS rate does not exceed the 5-year CMS rate,
no interest wil be paid for such interest period, even if the CMS spread
If the CMS Spread Changes, the Market Value of Your Notes May Not
on subsequent days is greater than 0%. Therefore, if the 30-year CMS
Change in the Same Manner
rate does not exceed the 5-year CMS rate for a prolonged period of
time over the life of your notes after the first four interest periods,
The price of your notes may move differently than the CMS spread. The
including interest determination dates, you wil receive no interest during
CMS spread wil vary during the term of the notes based on the relationship
the affected interest periods. In such case, even if you receive some
between the 5-year CMS rate and the 30-year CMS rate as wel as the
interest payments on some or al of the interest payment dates, the
market's expectation of this relationship in the future. Changes in the CMS
overal return you earn on your notes may be less than you would have
spread may not result in a comparable change in the market value of your
earned by investing in a non-indexed debt security of comparable
notes. Even if the CMS spread is greater than 0% during some portion of the
maturity that bears interest at a prevailing market rate.
life of the offered notes after the first four interest periods, the market value
of your notes may not increase in the same manner. We discuss some of the
Assuming circumstances where no interest payment is to be made on
reasons for this disparity under "-- The Market Value of Your Notes May Be
your notes after the fourth interest period, the present value of your notes as
Influenced by Many Factors That Are Unpredictable and Interrelated in
of the original issue date wil equal the present value of a bond that pays only
Complex Ways" below.
the coupons up to and including the fourth interest period, and with the same
maturity and face

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amount issued by us, in each case discounted using current interest rates and
for such year wil be less than 10.00% per annum, even if the interest rate is
credit spreads based on the discount method used by Goldman, Sachs &
10.00% per annum for the remaining interest periods during such year. Thus,
Co., which may be different from the methods used by others. On the original
the notes may provide less interest income than an investment in a similar
issue date such present value wil be approximately 59.4203% of the face
instrument.
amount of your notes (you should not base any tax characterization of your
notes on such present value).
The Historical Levels of the CMS Spread Are Not an Indication of the
Future Levels of the CMS Spread
The Amount of Interest Payable on Your Notes After the First Four
Interest Periods Will Not Be Affected by the CMS Spread on Any Day
In the past, the level of the CMS spread has experienced significant
Other Than the Interest Determination Date for the Applicable Interest
fluctuations. You should note that historical levels, fluctuations and trends of
Period
the CMS spread are not necessarily indicative of future levels. Any historical
upward or downward trend in the CMS spread is not an indication that the
For each interest period after the first four interest periods, the amount
CMS spread is more or less likely to increase or decrease at any time after
of interest payable on each interest payment date is calculated based on the
the first four interest periods, and you should not take the historical levels of
CMS spread on the interest determination date for the applicable interest
the CMS spread as an indication of its future performance.
period. Although the actual CMS spread on an interest payment date or at
other times after the first four interest periods may be higher than the CMS
Recent Regulatory Investigations Regarding Potential Manipulation of
spread on the interest determination date, you wil not benefit from the CMS
ISDAfix May Adversely Affect Your Notes
spread at any time other than on such interest determination date.
It has been reported that the U.K. Financial Conduct Authority and the
The Amount of Interest Payable On The Notes In Any Quarter Is Capped
U.S. Commodity Futures Trading Commission are working together to
investigate potential manipulation of ISDAfix. If such manipulation occurred, it
For each of the first four interest periods, interest wil be paid at a rate
may have resulted in this rate or the quarterly difference in such rate being
of 9.00% per annum (equal to a quarterly interest payment of $22.50 for
artificial y lower (or higher) than it would otherwise have been. Any changes
each $1,000 face amount of notes). After the first four interest periods, the
or reforms affecting the determination or supervision of ISDAfix in light of
interest rate wil be subject to the maximum interest rate of 10.00% per
these investigations, may result in a sudden or prolonged increase or
annum, which wil limit the amount of interest you may receive on each
decrease in reported ISDAfix or the quarterly difference in ISDAfix, which
interest payment date. Because of the formula used to calculate the interest
could have an adverse impact on the trading market for ISDAfix-benchmarked
rate on your notes, if (i) the CMS spread times (ii) 5.00 is greater than or
securities such as your notes, the value of your notes and any payments on
equal to 10.00% per annum, the interest rate after the first four interest
your notes.
periods wil be capped at 10.00% per annum (equal to a maximum quarterly
interest payment of $25.00 for each $1,000 face amount of notes). Thus, you
wil not benefit from any increases in the CMS spread above 2.00%.
If You Purchase Your Notes at a Premium to Face Amount, the Return
Furthermore, since the interest rate is determined quarterly, if the interest
on Your Investment Will Be Lower Than the Return on Notes Purchased
rate for at least one interest period after the first four interest periods during
at Face Amount and the Impact of Certain Key Terms of the Notes Will
any year is less than 10.00% per annum, your actual return
be Negatively Affected
The amount you wil be paid for your notes on the stated maturity date
wil not be adjusted based on the issue price you pay for the notes.
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