Bond Goldman Sachs 1.951% ( US38148TMZ92 ) in USD

Goldman Sachs

100 % ▲

United States

US38148TMZ92 ( in USD )

1.951% per year ( payment 2 times a year)

03/06/2026

Prospectus brochure of the bond Goldman Sachs US38148TMZ92 en USD 1.951%, maturity 03/06/2026

1 000 USD

1 665 000 USD

38148TMZ9

BBB+ ( Lower medium grade - Investment-grade )

A2 ( Upper medium grade - Investment-grade )

03/06/2025 ( In 100 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 US38148TMZ92, pays a coupon of 1.951% per year.
The coupons are paid 2 times per year and the Bond maturity is 03/06/2026

The Bond issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38148TMZ92, 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 US38148TMZ92, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
424B2 1 d192383d424b2.htm 10NC9YR FLOATING RATE PROSPECTUS SUPPLEMENT NO. 4426 DATED
MAY 31, 2016
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-198735

T he Goldm a n Sa c hs Group, I nc .
$1,665,000

Callable Floating Rate Notes due 2026

Subject to our redemption right described below, interest will be payable on the 3rd of each March, June, September and
December, commencing on September 3, 2016 to, and including, the stated maturity date (June 3, 2026). The interest rate for each
quarterly interest period will be a floating rate equal to the then-applicable 3-month USD LIBOR rate on the interest determination
date for the interest period plus the spread of 1.70% per annum, subject to the minimum interest rate of 0.00% per annum. The
notes will mature on the stated maturity date. On the stated maturity date, you will receive $1,000, plus any accrued and unpaid
interest, for each $1,000 of the face amount of your notes.
We m a y re de e m t he not e s a t our opt ion, in w hole but not in pa rt , on a ny int e re st pa ym e nt da t e on or
a ft e r J une 3 , 2 0 2 5 , upon five busine ss da ys' prior not ic e , a t a re de m pt ion pric e e qua l t o 1 0 0 % of t he
out st a nding fa c e a m ount plus a ny a c c rue d a nd unpa id int e re st t o but e x c luding t he re de m pt ion da t e .
Y our inve st m e nt in t he not e s involve s c e rt a in risk s, inc luding our c re dit risk . Se e pa ge S -5 .
You should read the disclosure herein to better understand the terms and risks of your investment.

Origina l issue da t e :
June 3, 2016
Origina l issue pric e :
100.000% of the face amount
U nde rw rit ing disc ount : 1.325% of the face amount
N e t proc e e ds t o t he issue r: 98.675% of the face amount
N e it he r t he Se c urit ie s a nd Ex c ha nge Com m ission nor a ny ot he r re gula t ory body ha s a pprove d or
disa pprove d of t he se se c urit ie s or pa sse d upon t he a c c ura c y or a de qua c y of t his prospe c t us. Any
re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse . T he not e s a re not ba nk de posit s a nd a re not insure d by
t he Fe de ra l De posit I nsura nc e Corpora t ion or a ny ot he r gove rnm e nt a l a ge nc y, nor a re t he y obliga t ions of,
or gua ra nt e e d by, a ba nk .

Goldm a n, Sa c hs & Co.

I nc a pit a l LLC
Prospectus Supplement No. 4426 dated May 31, 2016.
Table of Contents
The issue price, underwriting discount and net proceeds listed on the cover page hereof 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 offered 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.

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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
About Y our Prospe c t us
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 December 22, 2015

· Prospectus dated December 22, 2015
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.
Table of Contents
SPECI FI C T ERM S OF Y OU R N OT ES

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, while references to "Goldman
Sachs" mean The Goldman Sachs Group, Inc., together with its consolidated subsidiaries. Also, references to the
"accompanying prospectus" mean the accompanying prospectus, dated December 22, 2015, as supplemented by
the accompanying prospectus supplement, dated December 22, 2015, 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.
K e y T e rm s

I ssue r: The Goldman Sachs Group, Inc.
States Taxation" in the accompanying prospectus for a more
Spe c ifie d c urre nc y: U.S. dollars ("$")
detailed discussion. Pursuant to Treasury regulations, Foreign
Account Tax Compliance Act (FATCA) withholding (as
Fa c e a m ount : each note will have a face amount equal to
described in "United States Taxation--Taxation of Debt
$1,000, or integral multiples of $1,000 in excess thereof;
Securities--Foreign Account Tax Compliance Act (FATCA)
$1,665,000 in the aggregate for all the offered notes; the
Withholding" in the accompanying prospectus) will generally
aggregate face amount of the offered notes may be increased
apply to obligations that are issued on or after July 1, 2014;
if the issuer, at its sole option, decides to sell an additional
therefore, the notes will generally be subject to FATCA
amount of the offered notes on a date subsequent to the date
withholding. However, according to published guidance, the
of this prospectus supplement
withholding tax described above will not apply to payments of
St a t e d m a t urit y da t e : June 3, 2026
gross proceeds from the sale, exchange or other disposition of
the notes made before January 1, 2019.
T ra de da t e : May 31, 2016
I nt e re st ra t e : a rate per annum equal to the base rate plus
Origina l issue da t e (se t t le m e nt da t e ): June 3, 2016
the spread, subject to the minimum interest rate; for the initial
Form of not e s: global form only
interest period, the base rate shall be the initial base rate
Supple m e nt a l disc ussion of U .S. fe de ra l inc om e t a x
M inim um int e re st ra t e : 0.00% per annum
c onse que nc e s: It is the opinion of Sidley Austin LLP that
Ba se ra t e : 3-month USD LIBOR (as described in the
interest on a note will be taxable to a U.S. holder as ordinary
accompanying prospectus supplement under "Description of
interest income at the time it accrues or is received in
the Notes We May Offer--Interest Rates--LIBOR Notes")
accordance with the U.S. holder's normal method of
accounting for tax purposes. Upon the disposition of a note by
Re ut e rs sc re e n LI BOR pa ge : LIBOR01
sale, exchange, redemption, retirement or other disposition, a
I nde x m a t urit y: 3 months
U.S. holder will generally recognize capital gain or loss equal
to the difference, if any, between (i) the amount realized on
I nde x c urre nc y: U.S. dollar
the disposition (other than amounts attributable to accrued but
unpaid interest, which would be treated as such) and (ii) the
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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
U.S. holder's adjusted tax basis in the note. Please see
"United

S-2
Table of Contents
Spre a d: 1.70% per annum
fund that is, we will not deposit money on a regular basis
I nit ia l ba se ra t e : 3-month USD LIBOR in effect on June 1,
into any separate custodial account to repay your note. In
2016
addition, you will not be entitled to require us to buy your note
from you before its stated maturity.
I nt e re st pa ym e nt da t e s: the 3rd of each March, June,
September and December, commencing on September 3, 2016
We will have the right to redeem the notes at our option, in
and ending on the stated maturity date
whole but not in part, on any interest payment date on or after
June 3, 2025, at a redemption price equal to 100% of the
I nt e re st pe riods: quarterly; the periods from and including
outstanding face amount, plus accrued and unpaid interest to
an interest payment date (or the original issue date, in the
but excluding the redemption date. We will provide not less
case of the first interest period) to but excluding the next
than five business days' prior notice in the manner described
succeeding interest payment date (or the stated maturity date,
under "Description of Debt Securities We May Offer--Notices"
in the case of the final interest period)
in the attached prospectus. If the redemption notice is given
Busine ss da y c onve nt ion: modified following; applicable
and funds deposited as required, then interest will cease to
to interest payment dates and interest reset dates
accrue on and after the redemption date on the notes. If any
redemption date is not a business day, we will pay the
I nt e re st de t e rm ina t ion da t e s: for each interest period,
redemption price on the next business day without any interest
the second London business day preceding the interest reset
or other payment due to the delay.
date
N o list ing: the notes will not be listed or displayed on any
I nt e re st re se t da t e s: the 3rd of each March, June,
securities exchange or interdealer market quotation system
September and December, commencing on September 3, 2016
Busine ss da y: New York business day and London
Da y c ount c onve nt ion: actual/360 (ISDA)
business day
Re gula r re c ord da t e s: the day immediately prior to the day
Ca lc ula t ion a ge nt : Goldman, Sachs & Co.
on which the interest payment is to be made (as such payment
day may be adjusted under the applicable business day
CU SI P no.: 38148TMZ9
convention)
I SI N no.: US38148TMZ92
Re de m pt ion a t opt ion of issue r be fore st a t e d
FDI C: the notes are not bank deposits and are not insured by
m a t urit y da t e : We will be permitted to redeem the notes at
the Federal Deposit Insurance Corporation or any other
our option before their stated maturity, as described below.
governmental agency; nor are they obligations of, or
The notes will not be entitled to the benefit of any sinking
guaranteed by, a bank

S-3
Table of Contents
H Y POT H ET I CAL EX AM PLES
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 method we will 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 will be on any day, and no one can predict the interest that will accrue on your notes in any interest period.
For these reasons, the actual 3-month USD LIBOR rates, as well as the interest payable on each interest payment date, may
bear little relation to the hypothetical tables 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 following table illustrates the method we will use to calculate the interest rate at which interest will accrue on each day
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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
included in an interest period, subject to the key terms and assumptions below.
The percentage amounts in the left column of the table below represent hypothetical 3-month USD LIBOR rates on a given
interest determination date. The right column of the table below represents the hypothetical interest, as a percentage of the face
amount of each note, that would be payable on the applicable 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.

K e y T e rm s a nd Assum pt ions

Face amount

$1,000

Minimum interest rate
0.00% per annum

Spread
1.70% per annum

Also, the hypothetical examples shown below assume the notes are not called and do not take into account the effects of
applicable taxes.

H ypot he t ic a l 3 -M ont h U SD
H ypot he t ic a l I nt e re st Ra t e Pa ya ble on a n I nt e re st

LI BOR Ra t e

Pa ym e nt Da t e (I nc luding t he Applic a ble Spre a d)

-3.00%

0.00%*

-2.00%

0.00%*

-1.70%

0.00%*

-0.50%

1.20%

0.00%

1.70%

0.80%

2.50%

0.90%

2.60%

1.00%

2.70%

1.75%

3.45%

3.00%

4.70%

4.00%

5.70%

5.50%

7.20%

7.00%

8.70%
* Interest is floored at the minimum interest rate of 0.00% 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 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.

S-4
Table of Contents
ADDI T I ON AL RI SK FACT ORS SPECI FI C T O Y OU R N OT ES

An investment in your notes is subject to the risks described below, as well as the risks and considerations described in the
accompanying prospectus, dated December 22, 2015 and in the accompanying prospectus supplement, dated December 22,
2015. Your notes are a riskier investment than ordinary debt securities. You should carefully review these risks and
considerations as well as the terms of the notes described herein and in the accompanying prospectus, dated December 22,
2015, as supplemented by the accompanying prospectus supplement, dated December 22, 2015, of The Goldman Sachs Group,
Inc. Your notes are a riskier investment than ordinary debt securities. You should carefully consider whether the offered notes
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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
are suited to your particular circumstances.
T he N ot e s Are Subje c t t o t he Cre dit Risk of t he I ssue r
Although the return on the notes will 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.
We M a y Se ll a n Addit iona l Aggre ga t e Fa c e Am ount of t he N ot e s a t a Diffe re nt I ssue Pric e
At our sole option, we may decide to sell 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 substantially (higher or lower) from the issue
price you paid as provided on the cover of this prospectus supplement.
T he Am ount of I nt e re st Pa ya ble on Y our N ot e s Will N ot Be Affe c t e d by t he 3 -M ont h U SD LI BOR Ra t e on Any
Da y Ot he r T ha n a n I nt e re st De t e rm ina t ion Da t e
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 applicable 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 will not benefit from the 3-month USD LIBOR rate at any time other than on
the interest determination date for such interest period.
I nc re a se d Re gula t ory Ove rsight a nd Cha nge s in t he M e t hod Pursua nt t o Whic h t he LI BOR Ra t e s Are
De t e rm ine d M a y Adve rse ly Affe c t t he V a lue of Y our N ot e s
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 alleged 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 artificially 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 (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 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 (ICE Administration) has been appointed as the independent LIBOR administrator, effective February 1,
2014.
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 will 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

S-5
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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 will 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.
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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
We Are Able t o Re de e m Y our N ot e s a t Our Opt ion
On any interest payment date on or after June 3, 2025, we will be permitted to redeem your notes at our option. Even if we
do not exercise our option to redeem your notes, our ability to do so may adversely affect the value of your notes. It is our sole
option whether to redeem your notes prior to maturity and we may or may not exercise this option for any reason. Because of this
redemption option, the term of your notes will be between nine and ten years.
T he H ist oric a l Le ve ls of t he 3 -M ont h U SD LI BOR Ra t e Are N ot a n I ndic a t ion of t he Fut ure Le ve ls of t he 3 -
M ont h U SD LI BOR Ra t e
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.
T he M a rk e t V a lue of Y our N ot e s M a y Be I nflue nc e d by M a ny U npre dic t a ble Fa c t ors
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 sell
it in the open market before the stated maturity date. A number of factors, many of which are beyond our control, will 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 generally;

·
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, will influence the price you will receive if you sell 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 well 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.
I f t he 3 -M ont h U SD LI BOR Ra t e Cha nge s, t he M a rk e t V a lue of Y our N ot e s M a y N ot Cha nge in t he Sa m e
M a nne r
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 Will 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.
Ant ic ipa t e d H e dging Ac t ivit ie s by Goldm a n Sa c hs or Our Dist ribut ors M a y N e ga t ive ly I m pa c t I nve st ors in
t he N ot e s a nd Ca use Our I nt e re st s a nd T hose of Our Clie nt s a nd Count e rpa rt ie s t o be Cont ra ry t o T hose of
I nve st ors in t he N ot e s

Goldman Sachs expects to hedge our obligations under the notes by purchasing futures and/or other instruments linked to 3-
month USD LIBOR. Goldman Sachs also expects to adjust the hedge by, among other things, purchasing or selling any of the
foregoing, and perhaps other instruments linked to 3-month USD LIBOR, at any time and from time to time, and to unwind the
hedge by selling any of the foregoing on or before the final interest determination date for your notes. Alternatively, Goldman Sachs
may hedge all or part of our obligations under the notes with unaffilated distributors of the notes which we expect will undertake
similar market activity. Goldman Sachs may also enter into, adjust and unwind hedging transactions relating to other 3-month USD
LIBOR-linked notes whose returns are linked to 3-month USD LIBOR.

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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
In addition to entering into such transactions itself, or distributors entering into such transactions, Goldman Sachs may
structure such transactions for its clients or counterparties, or otherwise advise or assist clients or counterparties in entering into
such transactions. These activities may be undertaken to achieve a variety of objectives, including: permitting other purchasers of
the notes or other securities to hedge their investment in whole or in part; facilitating transactions for other clients or counterparties
that may have business objectives or investment strategies that are inconsistent with or contrary to those of investors in the notes;
hedging the exposure of Goldman Sachs to the notes including any interest in the notes that it reacquires or retains as part of the
offering process, through its market-making activities or otherwise; enabling Goldman Sachs to comply with its internal risk limits or
otherwise manage firmwide, business unit or product risk; and/or enabling Goldman Sachs to take directional views as to relevant
markets on behalf of itself or its clients or counterparties that are inconsistent with or contrary to the views and objectives of the
investors in the notes.
Any of these hedging or other activities may adversely affect the levels of 3-month USD LIBOR--and therefore the market
value of your notes and the amount we will pay on your notes at maturity. In addition, you should expect that these transactions will
cause Goldman Sachs or its clients, counterparties or distributors to have economic interests and incentives that do not align with,
and that may be directly contrary to, those of an investor in the notes. Neither Goldman Sachs nor any distributor will have any
obligation to take, refrain from taking or cease taking any action with respect to these transactions based on the potential effect on
an investor in the notes, and may receive substantial returns on hedging or other activities while the value of your notes declines.
In addition, if the distributor from which you purchase notes is to conduct hedging activities in connection with the notes, that
distributor may otherwise profit in connection with such hedging activities and such profit, if any, will be in addition to the
compensation that the distributor receives for the sale of the notes to you. You should be aware that the potential to earn fees in
connection with hedging activities may create a further incentive for the distributor to sell the notes to you in addition to the
compensation they would receive for the sale of the notes.
As Ca lc ula t ion Age nt , Goldm a n, Sa c hs & Co. Will H a ve t he Aut horit y t o M a k e De t e rm ina t ions t ha t Could
Affe c t t he V a lue of Y our N ot e s a nd t he Am ount Y ou M a y Re c e ive On Any I nt e re st Pa ym e nt Da t e
As calculation agent for your notes, Goldman, Sachs & Co. will have discretion in making certain determinations that affect
your notes, including determining the 3-month USD LIBOR rate on any interest determination date, which we will use to determine
the amount we will pay on any applicable interest payment date. The exercise of this discretion by Goldman, Sachs & Co. could
adversely affect the value of your notes and may present Goldman, Sachs & Co. with a conflict of interest. We may change the
calculation agent at any time without notice and Goldman, Sachs & Co. may resign as calculation agent at any time upon 60 days'
written notice to Goldman Sachs.
Y our N ot e s M a y N ot H a ve a n Ac t ive T ra ding M a rk e t
Your notes will not be listed or displayed on any securities exchange or included in any interdealer market quotation system,
and there may be little or no secondary market for your notes. Even if a secondary market for your notes develops, it may not
provide significant liquidity and we expect that transaction costs in any secondary market would be high. As a result, the difference
between bid and asked prices for your notes in any secondary market could be substantial.
Ce rt a in Conside ra t ions for I nsura nc e Com pa nie s a nd Em ploye e Be ne fit Pla ns
Any insurance company or fiduciary of a pension plan or other employee benefit plan that is subject to the prohibited
transaction rules of the Employee Retirement Income Security Act of 1974, as amended, which we call "ERISA", or the Internal
Revenue Code of 1986, as amended, including an IRA or a Keogh plan (or a governmental plan to which similar prohibitions
apply), and that is considering purchasing the offered notes with the assets of the insurance company or the assets of such a plan,
should consult with its counsel regarding whether the purchase or holding of the offered notes could become a "prohibited
transaction" under ERISA, the Internal Revenue Code or any substantially similar prohibition in light of the representations a
purchaser or holder in any of the above categories is deemed to make by purchasing and holding the offered notes. This is
discussed in more detail under "Employee Retirement Income Security Act" below.
Fore ign Ac c ount T a x Com plia nc e Ac t (FAT CA) Wit hholding M a y Apply t o Pa ym e nt s on Y our N ot e s, I nc luding
a s a Re sult of t he Fa ilure of t he Ba nk or Brok e r T hrough Whic h Y ou H old t he N ot e s t o Provide I nform a t ion
t o T a x Aut horit ie s

Please see the discussion under "United States Taxation--Taxation of Debt Securities--Foreign Account Tax Compliance Act
(FATCA) Withholding" in the accompanying prospectus for a description of the applicability of FATCA to payments made on your
notes.

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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
U SE OF PROCEEDS
We will use the net proceeds we receive from the sale of the offered notes for the purposes we describe in the accompanying
prospectus under "Use of Proceeds".
H EDGI N G
In anticipation of the sale of the offered notes, we and/or our affiliates have entered into or expect to enter into hedging
transactions involving purchases of instruments linked to the 3-month USD LIBOR rate. In addition, from time to time, we and/or
our affiliates expect to enter into additional hedging transactions and to unwind those we have entered into, in connection with the
offered notes and perhaps in connection with other notes we issue, some of which may have returns linked to the 3-month USD
LIBOR rate. Consequently, with regard to your notes, from time to time, we and/or our affiliates:

·
expect to acquire or dispose of positions in over-the-counter options, futures or other instruments linked to the 3-

month USD LIBOR rate, and/or

·
may take short positions in securities of the kind described above--i.e., we and/or our affiliates may sell securities

of the kind that we do not own or that we borrow for delivery to purchaser, and/or

·
may take or dispose of positions in interest rate swaps, options swaps and treasury bonds.
We and/or our affiliates may also acquire a long or short position in securities similar to your notes from time to time and may,
in our or their sole discretion, hold or resell those securities.
In the future, we and/or our affiliates expect to close out hedge positions relating to the offered notes and perhaps relating to
other notes with returns linked to the 3-month USD LIBOR rate. These steps may also involve sales and/or purchases of some or
all of the listed or over-the-counter options, futures or other instruments linked to the 3-month USD LIBOR.

The hedging activity discussed above may adversely affect the market value of your notes from time to time and the amount
we will pay on your notes. See "Additional Risk Factors Specific to Your Notes" above for a discussion of these adverse effects.

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H I ST ORI CAL 3 -M ON T H U SD LI BOR RAT ES
The level of the 3-month USD LIBOR rate has fluctuated in the past and may, in the future, experience significant
fluctuations. Any historical upward or downward trend in the level of the 3-month USD LIBOR rate during the period shown below
is not an indication that the 3-month USD LIBOR rate is more or less likely to increase or decrease at any time during the interest
periods. See "Additional Risk Factors Specific to Your Notes--Increased Regulatory Oversight and Changes in the Method
Pursuant to Which the LIBOR Rates Are Determined May Adversely Affect the Value of Your Notes" for more information about
the 3-month USD LIBOR.
Y ou should not t a k e t he hist oric a l le ve ls of t he 3 -m ont h U SD LI BOR ra t e a s a n indic a t ion of fut ure
le ve ls of t he 3 -m ont h U SD LI BOR ra t e s. We cannot give you any assurance that the future levels of the 3-month USD
LIBOR rate will result in your receiving a return on your notes that is greater than the return you would have realized if you
invested in a debt security of comparable maturity that bears interest at a prevailing market rate.
In light of current market conditions, the trends reflected in the historical levels of the 3-month USD LIBOR rate may be less
likely to be indicative of the levels of the 3-month USD LIBOR rate during the interest periods.
Neither we nor any of our affiliates make any representation to you as to the performance of the 3-month USD LIBOR. The
actual levels of the 3-month USD LIBOR rate may bear little relation to the historical levels of the 3-month USD LIBOR rate shown
below.
The graph below shows the daily historical last levels of the 3-month USD LIBOR rate from May 31, 2006 through May 31,
2016. We obtained the last levels in the graph below from Reuters, without independent verification.

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EM PLOY EE RET I REM EN T I N COM E SECU RI T Y ACT
This section is only relevant to you if you are an insurance company or the fiduciary of a pension plan or an employee benefit
plan (including a governmental plan, an IRA or a Keogh Plan) proposing to invest in the notes.
The U.S. Employee Retirement Income Security Act of 1974, as amended ("ERISA") and the U.S. Internal Revenue Code of
1986, as amended (the "Code"), prohibit certain transactions ("prohibited transactions") involving the assets of an employee benefit
plan that is subject to the fiduciary responsibility provisions of ERISA or Section 4975 of the Code (including individual retirement
accounts, Keogh plans and other plans described in Section 4975(e)(1) of the Code) (a "Plan") and certain persons who are
"parties in interest" (within the meaning of ERISA) or "disqualified persons" (within the meaning of the Code) with respect to the
Plan; governmental plans may be subject to similar prohibitions unless an exemption applies to the transaction. The assets of a
Plan may include assets held in the general account of an insurance company that are deemed "plan assets" under ERISA or
assets of certain investment vehicles in which the Plan invests. Each of The Goldman Sachs Group, Inc. and certain of its affiliates
may be considered a "party in interest" or a "disqualified person" with respect to many Plans, and, accordingly, prohibited
transactions may arise if the notes are acquired by or on behalf of a Plan unless those notes are acquired and held pursuant to an
available exemption. In general, available exemptions are: transactions effected on behalf of that Plan by a "qualified professional
asset manager" (prohibited transaction exemption 84-14) or an "in-house asset manager" (prohibited transaction exemption 96-23),
transactions involving insurance company general accounts (prohibited transaction exemption 95-60), transactions involving
insurance company pooled separate accounts (prohibited transaction exemption 90-1), transactions involving bank collective
investment funds (prohibited transaction exemption 91-38) and transactions with service providers under Section 408(b)(17) of
ERISA and Section 4975(d)(20) of the Code where the Plan receives no less and pays no more than "adequate consideration"
(within the meaning of Section 408(b)(17) of ERISA and Section 4975(f)(10) of the Code). The person making the decision on
behalf of a Plan or a governmental plan shall be deemed, on behalf of itself and the plan, by purchasing and holding the notes, or
exercising any rights related thereto, to represent that (a) the plan will receive no less and pay no more than "adequate
consideration" (within the meaning of Section 408(b)(17) of ERISA and Section 4975(f)(10) of the Code) in connection with the
purchase and holding of the notes, (b) none of the purchase, holding or disposition of the notes or the exercise of any rights related
to the notes will result in a nonexempt prohibited transaction under ERISA or the Code (or, with respect to a governmental plan,
under any similar applicable law or regulation), and (c) neither The Goldman Sachs Group, Inc. nor any of its affiliates is a
"fiduciary" (within the meaning of Section 3(21) of ERISA) or, with respect to a governmental plan, under any similar applicable law
or regulation) with respect to the purchaser or holder in connection with such person's acquisition, disposition or holding of the
notes, or as a result of any exercise by The Goldman Sachs Group, Inc. or any of its affiliates of any rights in connection with the
notes, and no advice provided by The Goldman Sachs Group, Inc. or any of its affiliates has formed a primary basis for any
investment decision by or on behalf of such purchaser or holder in connection with the notes and the transactions contemplated
with respect to the notes.

If you are an insurance company or the fiduciary of a pension plan or an employee benefit plan (including a governmental
plan, an IRA or a Keogh plan), and propose to invest in the notes, you should consult your legal counsel.

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10NC9yr Floating Rate Prospectus Supplement No. 4426 dated May 31, 2016
Table of Contents
SU PPLEM EN T AL PLAN OF DI ST RI BU T I ON
The Goldman Sachs Group, Inc. and the underwriters for this offering named below have entered into a distribution agreement
with respect to the notes. Subject to certain conditions, each underwriter named below has severally agreed to purchase the
principal amount of notes indicated in the following table.

Princ ipa l Am ount
U nde rw rit e rs

of N ot e s

Goldman, Sachs & Co.

$
833,000
Incapital LLC

$
832,000

Total

$
1,665,000

Notes sold by the underwriters to the public will initially be offered at the initial price to public set forth on the cover of this
pricing supplement. The underwriters intend to purchase the notes from The Goldman Sachs Group, Inc. at a purchase price equal
to the initial price to public less a discount of 1.325% of the principal amount of the notes. Any notes sold by the underwriters to
securities dealers may be sold at a discount from the initial price to public of up to 0.875% of the principal amount of the notes. If
all of the offered notes are not sold at the initial price to public, the underwriters may change the offering price and the other selling
terms.
Please note that the information about the initial price to public and net proceeds to The Goldman Sachs Group, Inc. on the
front cover page relates only to the initial sale of the notes. If you have purchased a note in a market-making transaction by
Goldman, Sachs & Co. or any other affiliate of The Goldman Sachs Group, Inc. after the initial sale, information about the price
and date of sale to you will be provided in a separate confirmation of sale.
Each underwriter has represented and agreed that it will not offer or sell the notes in the United States or to United States
persons except if such offers or sales are made by or through FINRA member broker-dealers registered with the U.S. Securities
and Exchange Commission.
The Goldman Sachs Group, Inc. estimates that its share of the total offering expenses, excluding underwriting discounts and
commissions, whether paid to Goldman, Sachs & Co. or any other underwriter, will be approximately $15,000.
We will deliver the notes against payment therefor in New York, New York on June 3, 2016, which is the third scheduled
business day following the date of this prospectus supplement and of the pricing of the notes.
The notes are a new issue of securities with no established trading market. The Goldman Sachs Group, Inc. has been advised
by Goldman, Sachs & Co. and Incapital LLC that they may make a market in the notes. Goldman, Sachs & Co. and Incapital LLC
are not obligated to do so and may discontinue market-making at any time without notice. No assurance can be given as to the
liquidity of the trading market for the notes.
The Goldman Sachs Group, Inc. has agreed to indemnify the several underwriters against certain liabilities, including liabilities
under the Securities Act of 1933.
Certain of the underwriters and their affiliates have in the past provided, and may in the future from time to time provide,
investment banking and general financing and banking services to The Goldman Sachs Group, Inc. and its affiliates, for which they
have in the past received, and may in the future receive, customary fees. The Goldman Sachs Group, Inc. and its affiliates have in
the past provided, and may in the future from time to time provide, similar services to the underwriters and their affiliates on
customary terms and for customary fees. Goldman, Sachs & Co., one of the underwriters, is an affiliate of The Goldman Sachs
Group, Inc. Please see "Plan of Distribution--Conflicts of Interest" on page 121 of the accompanying prospectus.
In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a
"Relevant Member State") with effect from and including the date on which the Prospectus Directive is implemented in that
Relevant Member State (the "Relevant Implementation Date") an offer of the offered notes which are the subject of the offering
contemplated by this prospectus supplement in relation thereto may not be made to the public in that Relevant Member State
except that, with effect from and including the Relevant Implementation Date, an offer of such offered notes may be made to the
public in that Relevant Member State:

(a)
at any time to any legal entity which is a qualified investor as defined in the Prospectus Directive;

(b)
at any time to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus

Directive), subject to obtaining the prior consent of the relevant dealer or dealers nominated by the Issuer for any such
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