Bond Goldman Sachs 0% ( US38148TJY64 ) in USD

Issuer Goldman Sachs
Market price 100 %  ▼ 
Country  United States
ISIN code  US38148TJY64 ( in USD )
Interest rate 0%
Maturity 26/12/2023 - Bond has expired



Prospectus brochure of the bond Goldman Sachs US38148TJY64 in USD 0%, expired


Minimal amount 1 000 USD
Total amount 1 078 000 USD
Cusip 38148TJY6
Standard & Poor's ( S&P ) rating N/A
Moody's rating A2 ( Upper medium grade - Investment-grade )
Detailed description 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 US38148TJY64, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/12/2023

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38148TJY64, was rated A2 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.







Prospectus Supplement No. 4290 dated December 18, 2015
Page 1 of 188
424B2 1 d104627d424b2.htm PROSPECTUS SUPPLEMENT NO. 4290 DATED DECEMBER 18, 2015
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-198735
The Goldman Sachs Group, Inc.
$1,078,000
GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due
2023
The notes do not bear interest. The amount that you will be paid on your notes on the stated maturity date (December
26, 2023) is based on the performance of the GS Momentum Builder® Multi-Asset 5 ER Index as measured from the
trade date (December 18, 2015) to and including the determination date (December 18, 2023). The return on your notes
will be positive if the index level on the determination date is greater than the initial level of the index. If the final index
level is less than the initial index level, you will receive the face amount of your notes.
The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange traded
funds and a money market position, which provide exposure to equities, fixed income, emerging markets, alternatives,
commodities, inflation, and cash equivalent asset classes) outperform the sum of 3-month USD LIBOR plus a daily index
fee of 0.50% per annum. The money market position reflects the returns accruing at a rate equal to the federal funds
effective rate on a hypothetical investment in a notional overnight money account denominated in U.S. dollars. The index
rebalances monthly (and sometimes daily) from among the 15 underlying assets. Each month the index is rebalanced by
calculating the combination of underlying assets with the highest return during the prior six months, subject to a (a) limit
of 5% on portfolio realized volatility over look-back periods of six months, three months and one month, and (b) maximum
weight for each underlying asset and each asset class. Realized volatility is the degree of variation in the daily closing
prices or levels of the aggregate of the underlying assets over the applicable look-back period. This results in a portfolio
for each of the three look-back periods. The weight of each underlying asset for each monthly rebalancing will equal the
average of the weight, if any, of such underlying asset in the three portfolios. During the term of your notes, as a result
of monthly rebalancing, the index may include as few as four underlying assets (as few as three ETFs) and may
never include some of the underlying assets or asset classes. Because the index measures the performance of
the selected underlying assets less the sum of 3-mo-LIBOR plus the fee of 0.50% per annum, the selected
underlying assets must outperform 3-mo-LIBOR plus the fee of 0.50% per annum for the index level to increase.
On each index business day the realized volatility of the index for the prior month is calculated and, if it exceeds 6%, the
index will be rebalanced for that day (but not for any subsequent index business day) by ratably reallocating a portion of
the exposure to the ETFs in the index to the money market position sufficient to reduce the prior month realized volatility
to 6%. As a result of a daily rebalancing, the index may not include any ETFs and may allocate its entire
exposure to the money market position, the return on which might not exceed 3-mo-LIBOR. Historically, a
significant portion of the index exposure has been to the money market position, the return on which has been
below 3-mo-LIBOR.
To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decrease
in the final index level from the initial index level of 105.92. At maturity, for each $1,000 face amount of your notes you
will receive an amount in cash equal to:

if the index return is positive (the final index level is greater than the initial index level), the sum of (i) $1,000
plus (ii) the product of (a) $1,000 times (b) 3.00 times (c) the index return; or

if the index return is zero or negative (the final index level is equal to or less than the initial index level), $1,000.
You should read the additional disclosure herein so that you may better understand the terms and risks of your
investment, including our credit risk. See page S-15. The estimated value of your notes at the time the terms of
your notes are set on the trade date is equal to approximately $932 per $1,000 face amount. For a discussion of
the estimated value and the price at which Goldman, Sachs & Co. would initially buy or sell your notes, if it
makes a market in the notes, see the following page.
Original issue date:
December 28, 2015
Original issue price:
100.00% of the face amount*
Underwriting discount:
3.90% of the face amount*
Net proceeds to the issuer:
96.10% of the face amount
* GS&Co. is paying a marketing fee in connection with the notes. See page S-160.
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. Any representation to the
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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.
Goldman, Sachs & Co.
Prospectus Supplement No. 4290 dated December 18, 2015.
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Table of Contents
The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. We may decide
to sell 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 will depend in part on the issue price you pay for such notes.
Goldman Sachs may use this prospectus in the initial sale of the notes. In addition, Goldman, Sachs & Co. or any other
affiliate of Goldman Sachs may use this prospectus 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 is
being used in a market-making transaction.
Estimated Value of Your Notes
The estimated value of your notes at the time the terms of your notes are set on the trade date (as determined
by reference to pricing models used by Goldman, Sachs & Co. (GS&Co.) and taking into account our credit
spreads) is equal to approximately $932 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; however, the price (not
including GS&Co.'s customary bid and ask spreads) at which GS&Co. would initially buy or sell notes (if it
makes a market, which it is not obligated to do) and the value that GS&Co. will initially use for account
statements and otherwise is equal to approximately $957 per $1,000 face amount, which exceeds the
estimated value of your notes as determined by reference to these models. The amount of the excess will
decline on a straight line basis over the period from the trade date through December 18, 2016.
About Your Prospectus
The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. This prospectus
includes this prospectus 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 15, 2014

Prospectus dated September 15, 2014
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.
S-2
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Table of Contents
The following is a list of the eligible underlying assets for the index, including the related asset classes, asset class
maximum weights and underlying asset maximum weights. The index is more fully described beginning on page S-45
herein.
ASSET
ASSET
UNDERLYING UNDERLYING
ELIGIBLE
ASSET
CLASS
CLASS
ASSET
ASSET
UNDERLYING
TICKER
CLASS
MINIMUM MAXIMUM
MINIMUM
MAXIMUM
ASSET
WEIGHT
WEIGHT
WEIGHT
WEIGHT
SPDR® S&P 500® ETF Trust
SPY
0%
20%
Equities
0%
50%
iShares® MSCI EAFE ETF
EFA
0%
20%
iShares® MSCI Japan ETF
EWJ
0%
10%
iShares® 20+ Year Treasury
TLT
0%
20%
Bond ETF
iShares® iBoxx $ Investment
Fixed Income
0%
50%
LQD
0%
20%
Grade Corporate Bond ETF
iShares® iBoxx $ High Yield
HYG
0%
20%
Corporate Bond ETF
iShares® MSCI Emerging
EEM
0%
20%
Markets ETF
Emerging
0%
25%
iShares® J.P. Morgan USD
Markets
Emerging Markets Bond
EMB
0%
20%
ETF
iShares® U.S. Real Estate
IYR
0%
20%
ETF
Alternatives
0%
25%
Alerian MLP ETF
AMLP
0%
10%
PowerShares® Senior Loan
BKLN
0%
10%
Portfolio
PowerShares® DB
Commodity Index Tracking
DBC
0%
20%
Commodities
0%
25%
Fund
SPDR® Gold Trust
GLD
0%
20%
Inflation
0%
25%
iShares® TIPS Bond ETF
TIP
0%
25%
Cash
0%
50%*
Money Market Position
N/A
0%
50%*
Equivalent
* With respect to the money market position, the related asset class maximum weight and underlying asset
maximum weight limitations do not apply to daily rebalancing and, therefore, as a result of daily rebalancing, the
index may allocate its entire exposure to the money market position.
S-3
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Table of Contents
Transaction Summary
GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023
The below is only a brief summary of the terms of your notes. You should read the detailed description thereof in "Summary
Information" on page S-10 and in "Specific Terms of Your Notes" on page S-39 as well as the accompanying prospectus supplement
and accompanying prospectus.
INVESTMENT THESIS
For investors who:
seek the opportunity to achieve a return at maturity based on the performance of an index that attempts to
track the positive price momentum in certain eligible underlying assets by varying exposure to those
eligible underlying assets, subject to limitations on volatility and a maximum weight for each underlying
asset and each asset class.
understand that the eligible underlying assets provide exposure to equities, fixed income, emerging
markets, alternatives, commodities, inflation, and cash equivalent asset classes.
seek to have their principal returned after a period of 96 months.
believe the index will increase during the period from the trade date to the determination date.
are willing to receive only their principal back at maturity if the index return is less than or equal to zero.
The index may include as few as four underlying assets (as few as three ETFs) and may not include some of
the underlying assets or assets classes during the entire term of your notes. Historically, a significant
portion of the index exposure has been to the money market position, the return of which has been below
3-month USD LIBOR.
PAYOUT DESCRIPTION
At maturity, for each $1,000 face amount of your notes, you will receive an amount in cash equal to:
if the index return is positive (the final index level is greater than the initial index level), the sum of
(i) $1,000 plus (ii) the product of (a) $1,000 times (b) 3.00 times (c) the index return; or
if the index return is zero or negative (the final index level is equal to or less than the initial index level),
$1,000.
S-4
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Table of Contents
Transaction Summary
GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023
THE INDEX
The GS Momentum Builder® Multi-Asset 5 ER Index (the index) measures the extent to which the performance of the exchange
traded funds and money market position included in the index outperform the notional interest rate, which is a rate equal to 3-month
USD LIBOR, plus a daily index maintenance fee of 0.50% per annum. The money market position reflects the returns accruing to a
hypothetical investor from an investment in a notional overnight money account denominated in U.S. dollars that accrues interest at a
rate equal to the federal funds effective rate. The index rebalances monthly (and sometimes daily) from among 15 underlying assets that
provide exposure to assets that have been categorized in the following asset classes: equities; fixed income; emerging markets;
alternatives; commodities; inflation; and cash equivalent. The index attempts to track the positive price momentum in the underlying
assets, subject to limitations on volatility and a maximum weight for each underlying asset and each asset class, each as described
below.
Features of the index include:
monthly rebalancing based on the combination of underlying assets that would have provided the highest historical return
during a return look-back period comprised of the prior six months, subject to:
o a limit of 5% on the degree of variation in the daily closing prices or closing level, as applicable, of the aggregate of
such underlying assets over three different realized volatility look-back periods (the prior six months, three months
and one month); and
o a maximum weight for each underlying asset and each asset class; and
the potential for daily rebalancing into the money market position, based on whether the realized volatility of the underlying
assets comprising the index exceeds the volatility cap of 6% for the applicable volatility cap period (the prior one month).
Analyzing realized volatility over three look-back periods results in a portfolio for each look-back period and the weight of each
underlying asset for each monthly rebalancing will equal the average of the weights of such underlying asset in the three portfolios.
Monthly rebalancing will be implemented over a base index rebalancing period comprised of five base index rebalancing days, which are
the first five index business days of each calendar month beginning on, and including, the base index observation day (the first index
business day of each month), subject to adjustment.
The value of the index is calculated on each index business day by reference to the performance of the total return index value net
of the sum of the return on the notional interest rate in effect at that time plus the daily index maintenance fee of 0.50% per annum. Any
cash dividend paid on an index ETF is deemed to be reinvested in such index ETF and subject to subsequent changes in the value of
the index ETF. In addition, any interest accrued on the money market position is similarly deemed to be reinvested on a daily basis in
such money market position and subject to subsequent changes in the federal funds effective rate. The total return index value on each
index business day is calculated by reference to the weighted performance of:
the base index, which is the weighted combination of underlying assets that comprise the index at the applicable time as a
result of the most recent monthly base index rebalancing (whether partially or fully implemented); and
any additional exposure to the money market position resulting from any daily total return index rebalancing that day.
The underlying assets that comprise the base index as the result of the most recent monthly base index rebalancing may include a
combination of ETFs and the money market position, or solely ETFs. A daily total return index rebalancing will occur on a daily total
return index rebalancing day, which is any index business day, if the realized volatility of the base index exceeds the volatility cap of 6%
for the volatility cap period applicable to such daily total return index rebalancing day. As a result of a daily total return index rebalancing,
the index will have exposure to the money market position even if the base index has no such exposure resulting from its most recent
monthly base index rebalancing.
For the purpose of this prospectus supplement:
an "eligible underlying asset" is one of the ETFs or the money market position that is eligible for inclusion in the index on a
monthly base index observation day;
an "eligible ETF" is one of the ETFs that is eligible for inclusion in the index on a monthly base index observation day (when we
refer to an "ETF" we mean an exchange traded fund, which for purposes of this prospectus supplement includes the following
exchange traded products: SPDR® S&P 500® ETF Trust, PowerShares® DB Commodity Index Tracking Fund and SPDR® Gold
Trust);
an "index underlying asset" is an eligible underlying asset with a non-zero weighting on any index business day;
an "index ETF" is an ETF that is an eligible ETF with a non-zero weighting on any index business day; and
an "index business day" is a day on which the New York Stock Exchange is open for its regular trading session on such day.
TERMS
Issuer
The Goldman Sachs Group, Inc.
Index
GS Momentum Builder® Multi-Asset 5 ER Index
Face Amount
$1,078,000 in the aggregate; each note will have a face amount of $1,000
Trade Date
December 18, 2015
Settlement Date
December 28, 2015
Determination Date
December 18, 2023
Stated Maturity Date
December 26, 2023
Initial Index Level
105.92
Final Index Level
The closing level of the index on the determination date
Upside Participation Rate
300.00%
Index Return
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The quotient of (i) the final index level minus the initial index level divided by (ii) the
initial index level, expressed as a percentage
CUSIP / ISIN
38148TJY6 / US38148TJY64
S-5
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Table of Contents
Transaction Summary
GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023
HYPOTHETICAL EXAMPLES
The following table is provided for purposes of illustration only. It should not be taken as an indication or prediction of future
investment results and is intended merely to illustrate the impact that various hypothetical closing levels of the index on the
determination date could have on the payment at maturity assuming all other variables remain constant. The actual performance
of the index over the life of your notes, particularly on the determination date, as well as the amount payable on the stated
maturity date, may bear little relation to the hypothetical examples shown below or on page S-12 or to the historical levels of the
index shown elsewhere in this prospectus supplement. You should also refer to the historical index performance
information and hypothetical performance data beginning on page S-55 of this prospectus supplement.
Hypothetical Cash
Hypothetical Final Index
Settlement Amount (as a
Level (as a Percentage of
Percentage of Face
the Initial Index Level)
Amount)
175.00%
325.00%
150.00%
250.00%
140.00%
220.00%
130.00%
190.00%
120.00%
160.00%
110.00%
130.00%
100.00%
100.00%
90.00%
100.00%
75.00%
100.00%
50.00%
100.00%
25.00%
100.00%
0.00%
100.00%
S-6
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Table of Contents
Transaction Summary GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023 REBALANCING Monthly Base Index Rebalancing Calculate the 6-month historical returns for each underlying asset combination, Calculate the 6-month, 3-month and 1-month realized volatility for each underlying asset combination (each a potential portfolio) Determine three potential portfolios (one for each realized volatility look-back period) by selecting underlying asset weights that both (i) would have provided the highest 6-month historical return and (ii) are within the underlying asset maximum weight, the asset class maximum weight and the applicable realized volatility constraint Determine the weighting of each index underlying asset by averaging the weights of each underlying asset in the three potential portfolios identified above Run the daily rebalancing test to determine if any further changes from this position are required Daily Total Return Index Rebalancing Calculate the realized volatility of the index underlying assets for the applicable 1-month volatility cap period Has the realized volatility for the applicable 1-month volatility cap period exceeded the volatility cap? Yes No The weightings of the index underlying assets wil be rebalanced in order to reduce the realized volatility for the applicable 1-month volatility cap period by ratably reallocating a portion of the exposure to the ETFs comprising the index to the money market position. The money market position reflects the notional returns accruing to a hypothetical investor from an investment in a notional overnight money account denominated in U.S. dollars that accrues interest at the overnight interest rate, which is a rate equal to the federal funds effective rate The index will not be rebalanced on such index business day
S-7
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Table of Contents
Transaction Summary
GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023
Historical Information and Hypothetical Data
The following chart and table provide a comparison between the index (using historical information and hypothetical data, as explained below) and
certain asset classes (in each case, represented by a benchmark ETF or a benchmark index) from December 3, 2007 to December 18, 2015.
Benchmark ETF data and benchmark index data is based on the historical levels of the benchmark ETFs and benchmark indices, respectively. The
historical index information from December 17, 2013 (the index launch date) to December 18, 2015 reflects the actual performance of the index. (In
the chart, this historical index information can be found to the right of the vertical solid line marker.) The hypothetical index data from March 3, 2011 to
December 16, 2013 is based on the historical levels of the eligible underlying assets using the same methodology that is used to calculate the index.
Hypothetical index data for the period from December 3, 2007 through March 2, 2011 was calculated using the same methodology that is used to
calculate the index, provided that a proxy was used for the following eligible ETFs, in each case for the period of time that such eligible ETF was not in
existence: iShares® J.P. Morgan USD Emerging Markets Bond ETF (not in existence prior to December 19, 2007), Alerian MLP ETF (not in existence
prior to August 25, 2010) and PowerShares® Senior Loan Portfolio (not in existence prior to March 3, 2011). As a result, due to the varying weights of
the eligible ETFs and proxies, at any time during this period as much as 100% of the hypothetical index performance data was derived from proxy
data. Please note that the benchmark ETFs and benchmark indices that are used to represent asset classes for purposes of the following table and
chart may not be eligible underlying assets for purposes of the index and in some cases differ from the eligible underlying assets that are used to
represent asset classes with the same or similar titles for purposes of the index. You should not take the historical index information,
hypothetical index data or historical benchmark ETF and benchmark index data as an indication of the future performance of the index.
Performance Since December 2007
GS Momentum
Global Equities
Commodities
Builder® Multi
US Bonds
(MSCI ACWI
(S&P GSCI
US Real Estate
As of 12/18/2015
Asset 5 ER
(AGG)
Excess Return
Excess Return
(IYR)
Index
Index)
Index)
(GSMBMA5)
Effective Performance (1 Month)
0.37%
0.09%
-3.38%
-10.13%
0.35%
Effective Performance (6 Month)
-3.60%
0.81%
-8.66%
-33.20%
0.28%
Annualized* Performance (since December 2007)
4.91%
3.61%
1.34%
-14.15%
4.83%
Annualized* Realized Volatility (since December
2007)**
5.22%
5.53%
18.53%
24.46%
36.09%
Return over Risk (since December 2007)***
0.94
0.65
0.07
-0.58
0.13
Maximum Peak-to-Trough Drawdown****
-11.05%
-13.19%
-58.27%
-80.77%
-68.32%
* Calculated on a per annum percentage basis.
** Calculated on the same basis as realized volatility used in calculating the index.
*** Calculated by dividing the annualized performance by the annualized realized volatility since December 3, 2007.
**** The largest percentage decline experienced in the relevant measure from a previously occurring maximum level.
S-8
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