Bond Goldman Sachs 2.25% ( US38150A3T04 ) in USD

Goldman Sachs

100 % ▲

United States

US38150A3T04 ( in USD )

2.25% per year ( payment 2 times a year)

31/07/2022 - Bond has expired

Prospectus brochure of the bond Goldman Sachs US38150A3T04 in USD 2.25%, expired

1 000 USD

38150A3T0

N/A

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 US38150A3T04, pays a coupon of 2.25% per year.
The coupons are paid 2 times per year and the Bond maturity is 31/07/2022

Pricing Supplement No. 44 dated July 27, 2017
424B2 1 d431908d424b2.htm PRICING SUPPLEMENT NO. 44 DATED JULY 27, 2017
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-219206

$ 4 ,0 0 0 ,0 0 0

T he Goldm a n Sa c hs Group, I nc .

Callable Step-Up Fixed Rate Notes due 2022

We will pay you interest semi-annually on your notes at a rate of 2.25% per annum from and including July 31, 2017 to but
excluding July 31, 2020. We will pay you interest semi-annually on your notes at a rate of 3.00% per annum from and including
July 31, 2020 to but excluding July 31, 2021. We will pay you interest semi-annually on your notes at a rate of 4.00% per annum
from and including July 31, 2021 to but excluding the stated maturity date (July 31, 2022). Interest will be paid on each January 31
and July 31. The first such payment will be made on January 31, 2018.
I n a ddit ion, w e 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 e a c h J a nua ry 3 1 ,
April 3 0 , J uly 3 1 a nd Oc t obe r 3 1 on or a ft e r J uly 3 1 , 2 0 1 8 , 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 princ ipa l a m ount plus 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 . Alt hough t he int e re st ra t e w ill st e p up during t he life of your not e s, you m a y
not be ne fit from suc h inc re a se in t he int e re st ra t e if your not e s a re re de e m e d prior t o t he st a t e d m a t urit y
da t e .

Per Note Total
Initial price to public

100.00% $4,000,000
Underwriting discount

1.00% $40,000
Proceeds, before expenses, to The Goldman Sachs Group, Inc.

99.00% $3,960,000

The initial price to public set forth above does not include accrued interest, if any. Interest on the notes will accrue from
July 31, 2017 and must be paid by the purchaser if the notes are delivered after July 31, 2017. In addition to offers and sales at the
initial price to public, the underwriters 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.
The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for such
notes.
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 .

Goldman Sachs may use this prospectus in the initial sale of the notes. In addition, Goldman Sachs & Co. LLC or any other
affiliate of Goldman Sachs may use this prospectus in a market-making transaction in the notes after their 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.

Goldm a n Sa c hs & Co. LLC

I nc a pit a l LLC

Pricing Supplement No. 44 dated July 27, 2017.
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Pricing Supplement No. 44 dated July 27, 2017
Table of Contents
About Y our Prospe c t us
The notes are part of the Medium-Term Notes, Series N program of The Goldman Sachs Group, Inc. This prospectus includes this
pricing supplement and the accompanying documents listed below. This pricing supplement constitutes a supplement to the
documents listed below and should be read in conjunction with such documents:

· Prospectus supplement dated July 10, 2017

· Prospectus dated July 10, 2017
The information in this pricing 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.

PS-2
Table of Contents
SPECI FI C T ERM S OF T H E N OT ES

Please note that in this section entitled "Specific Terms of the Notes", references to "The Goldman Sachs Group, Inc.",
"we", "our" and "us" mean only The Goldman Sachs Group, Inc. and do not include any of its subsidiaries or affiliates.
Also, in this section, references to "holders" mean The Depository Trust Company (DTC) or its nominee and not indirect
owners who own beneficial interests in notes through participants in DTC. Please review the special considerations that
apply to indirect owners in the accompanying prospectus, under "Legal Ownership and Book-Entry Issuance".

This pricing supplement no. 44 dated July 27, 2017 (pricing supplement) and the accompanying prospectus dated July 10,
2017 (accompanying prospectus), relating to the notes, should be read together. Because the notes are part of a series of our debt
securities called Medium-Term Notes, Series N, this pricing supplement and the accompanying prospectus should also be read with
the accompanying prospectus supplement, dated July 10, 2017 (accompanying prospectus supplement). Terms used but not defined
in this pricing supplement have the meanings given them in the accompanying prospectus or accompanying prospectus supplement,
unless the context requires otherwise.
The notes are part of a separate series of our debt securities under our Medium-Term Notes, Series N program governed by
our Senior Debt Indenture, dated as of July 16, 2008, as amended, between us and The Bank of New York Mellon, as trustee. This
pricing supplement summarizes specific terms that will apply to your notes. The terms of the notes described here supplement those
described in the accompanying prospectus supplement and accompanying prospectus and, if the terms described here are
inconsistent with those described there, the terms described here are controlling.
T e rm s of t he Ca lla ble St e p-U p Fix e d Ra t e N ot e s due 2 0 2 2
I ssue r: The Goldman Sachs Group, Inc.
each year, commencing on January 31, 2018 and ending on
Princ ipa l a m ount : $4,000,000
the stated maturity date
Spe c ifie d c urre nc y: U.S. dollars ($)
Re gula r re c ord da t e s: for interest due on an interest
payment date, the day immediately prior to the day on which
T ype of N ot e s: Fixed rate notes (notes)
payment is to be made (as such payment day may be adjusted
De nom ina t ions: $1,000 and integral multiples of $1,000 in
under the applicable business day convention specified below)
excess thereof
Da y c ount c onve nt ion: 30/360 (ISDA), as further discussed
T ra de da t e : July 27, 2017
under "Additional Information About the Notes -- Day Count
Convention" on page PS-5 of this pricing supplement
Origina l issue da t e : July 31, 2017
Busine ss da y: New York
St a t e d m a t urit y da t e : July 31, 2022
Busine ss da y c onve nt ion: following unadjusted
I nt e re st ra t e : 2.25% per annum from and including
July 31, 2017 to but excluding July 31, 2020;
Re de m pt ion a t opt ion of issue r be fore st a t e d
3.00% per annum from and including July 31, 2020 to but
m a t urit y: We may redeem the notes at our option, in whole
excluding July 31, 2021; 4.00% per annum from and including
but not in part, on each January 31, April 30, July 31 and
July 31, 2021 to but excluding July 31, 2022
October 31 on or after July 31, 2018, upon five business days'
prior notice, at a redemption price equal to 100% of the
Supple m e nt a l disc ussion of U .S. fe de ra l inc om e t a x
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Pricing Supplement No. 44 dated July 27, 2017
outstanding principal amount plus accrued and unpaid interest
c onse que nc e s: Subject to the discussion set forth in the
to but excluding the redemption date
section referenced below regarding short-term debt securities, it
is the opinion of Sidley Austin LLP that interest on a note will
Lim it e d e ve nt s of de fa ult : The only events of default for
be taxable to a U.S. holder as ordinary interest income at the
the notes are (i) interest or principal payment defaults that
time it accrues or is received in accordance with the U.S.
continue for 30 days and (ii) certain insolvency events. No
holder's normal method of accounting for tax purposes
other breach or default under our senior debt indenture or the
(regardless of whether we call the notes). Upon the disposition
notes will result in an event of default for the notes or permit
of a note by sale, exchange, redemption or retirement (i.e., if
the trustee or holders to accelerate the maturity of any debt
we exercise our right to call the notes or otherwise) or other
securities that is, they will not be entitled to declare the
disposition, a U.S. holder will generally recognize capital gain
principal amount of any notes to be immediately due and
or loss equal to the difference, if any, between (i) the amount
payable. See "Risks Relating to Regulatory Resolution
realized on the disposition (other than amounts attributable to
Strategies and Long-Term Debt Requirements" and
accrued but unpaid interest, which would be treated as such)
"Description of Debt Securities We May Offer -- Default,
and (ii) the U.S. holder's adjusted tax basis in the note.
Remedies and Waiver of Default -- Securities Issued on or
After January 1, 2017 under the 2008 Indenture" in the
I nt e re st pa ym e nt da t e s: January 31 and July 31 of
accompanying prospectus for further details.
List ing: None

PS-3
Table of Contents
ERI SA: as described under "Employee Retirement Income
FDI C: The notes are not bank deposits and are not insured by
Security Act" on page 119 of the accompanying prospectus
the Federal Deposit Insurance Corporation or any other
CU SI P no.: 38150A3T0
governmental agency, nor are they obligations of, or
guaranteed by, a bank
I SI N no.: US38150A3T04
Ca lc ula t ion Age nt : Goldman Sachs & Co. LLC
Form of not e s: Your notes will be issued in book-entry form
and represented by a master global note. You should read the
Fore ign Ac c ount T a x Com plia nc e Ac t (FAT CA)
section "Legal Ownership and Book- Entry Issuance" in the
Wit hholding M a y Apply t o Pa ym e nt s on Y our N ot e s,
accompanying prospectus for more information about notes
I nc luding a s a Re sult of t he Fa ilure of t he Ba nk or
issued in book-entry form
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:
De fe a sa nc e a pplie s a s follow s:

Please see the discussion under "United States Taxation --
·
full defeasance -- i.e., our right to be relieved of all our
Taxation of Debt Securities -- Foreign Account Tax Compliance

obligations on the note by placing funds in trust for the
Act (FATCA) Withholding" in the accompanying prospectus for
holder: yes
a description of the applicability of FATCA to payments made

on your notes.
·
covenant defeasance -- i.e., our right to be relieved of

specified provisions of the note by placing funds in trust
for the holder: yes

PS-4
Table of Contents
ADDI T I ON AL I N FORM AT I ON ABOU T T H E N OT ES
Book-Entry System
We will issue the notes as a master global note registered in the name of DTC, or its nominee. The sale of the notes will settle
in immediately available funds through DTC. You will not be permitted to withdraw the notes from DTC except in the limited
situations described in the accompanying prospectus under "Legal Ownership and Book-Entry Issuance -- What Is a Global
Security? -- Holder's Option to Obtain a Non-Global Security; Special Situations When a Global Security Will Be Terminated".
Investors may hold interests in a master global note through organizations that participate, directly or indirectly, in the DTC system.
In addition to this pricing supplement, the following provisions are hereby incorporated into the global master note: the
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Pricing Supplement No. 44 dated July 27, 2017
description of New York business day appearing under "Description of Debt Securities We May Offer Calculations of Interest on
Debt Securities Business Days" in the accompanying prospectus, the description of the following unadjusted business day
convention appearing under "Description of Debt Securities We May Offer Calculations of Interest on Debt Securities Business
Day Conventions" in the accompanying prospectus and the section "Description of Debt Securities We May Offer Defeasance and
Covenant Defeasance" in the accompanying prospectus.
Day Count Convention
As further described under "Description of Debt Securities We May Offer Calculations of Interest on Debt Securities Interest
Rates and Interest" in the accompanying prospectus, for each interest period the amount of accrued interest will be calculated by
multiplying the principal amount of the note by an accrued interest factor for the interest period. The accrued interest factor will be
determined by multiplying the per annum interest rate by a factor resulting from the 30/360 (ISDA) day count convention. The factor
is the number of days in the interest period in respect of which payment is being made divided by 360, calculated on a formula basis
as follows:

[360 × (Y2 Y1)] + [30 × (M2 M1)] + (D2 D 1)

360

w he re :
"Y1" is the year, expressed as a number, in which the first day of the interest period falls;
"Y2" is the year, expressed as a number, in which the day immediately following the last day included in the interest period
falls;
"M1" is the calendar month, expressed as a number, in which the first day of the interest period falls;
"M2" is the calendar month, expressed as a number, in which the day immediately following the last day included in the
interest period falls;
"D1" is the first calendar day, expressed as a number, of the interest period, unless such number would be 31, in which case
D1 will be 30; and
"D2" is the calendar day, expressed as a number, immediately following the last day included in the interest period, unless
such number would be 31 and D1 is greater than 29, in which case D2 will be 30.
When We Can Redeem the Notes
We will be permitted to redeem the notes at our option before their stated maturity, as described below. The notes will not be
entitled to the benefit of any sinking fund that is, we will not deposit money on a regular basis into any separate custodial account
to repay your note. In addition, you will not be entitled to require us to buy your note from you before its stated maturity.
We will have the right to redeem the notes at our option, in whole but not in part, on each January 31, April 30, July 31 and
October 31 on or after July 31, 2018, at a redemption price equal to 100% of the outstanding principal amount plus accrued and
unpaid interest to but excluding the redemption date. We will provide not less than five business days' prior notice in the manner
described under "Description of Debt Securities We May Offer -- Notices" in the attached prospectus. If the redemption notice is
given and funds deposited as required, then interest will cease to accrue on and after the redemption date on the notes. If any
redemption date is not a business day, we will pay the redemption price on the next business day without any interest or other
payment due to the delay.
What are the Tax Consequences of the Notes
You should carefully consider, among other things, the matters set forth under "United States Taxation" in the

PS-5
Table of Contents
accompanying prospectus supplement and the accompanying prospectus. The following discussion summarizes certain of the
material U.S. federal income tax consequences of the purchase, beneficial ownership, and disposition of each of the notes. This
summary supplements the section "United States Taxation" in the accompanying prospectus supplement and the accompanying
prospectus and is subject to the limitations and exceptions set forth therein.
As of the original issue date, the notes should not be treated as issued with "original issue discount" ("OID") despite the fact
that the interest rate on the notes is scheduled to step-up over the term of the notes because Treasury regulations generally deem
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Pricing Supplement No. 44 dated July 27, 2017
an issuer to exercise a call option in a manner that minimizes the yield on the debt instrument for purposes of determining whether a
debt instrument is issued with OID. The yield on the notes would be minimized if we call the notes immediately before the increase
in the interest rate on July 31, 2020 and therefore the notes should be treated as maturing on such date for OID purposes. This
assumption is made solely for purposes of determining whether the notes are issued with OID for U.S. federal income tax purposes,
and is not an indication of our intention to call or not to call the notes at any time. If we do not call the notes prior to the increase in
the interest rate then, solely for OID purposes, the notes will be deemed to be reissued at their adjusted issue price on July 31,
2020. This deemed issuance should not give rise to taxable gain or loss to holders. The same analysis would apply to the increase
in the interest rate on July 31, 2021. If the notes are not called on the interest payment date occurring on July 31, 2021, then,
because the period between the interest payment date on July 31, 2021 and the stated maturity date of the notes is one year or
less, the notes, upon their deemed reissuance on July 31, 2021, could be treated as short-term debt securities for OID purposes (but
not for purposes of determining the holding period of your notes). For a discussion of the U.S. federal income tax consequences to a
U.S. holder of owning short-term debt securities, please review the section entitled "United States Taxation Taxation of Debt
Securities United States Holders Short-Term Debt Securities" in the accompanying prospectus.
Under this approach, and subject to the discussion above regarding short-term debt securities, interest on a note will be taxable
to a U.S. holder as ordinary interest income at the time it accrues or is received in accordance with the U.S. holder's normal method
of accounting for tax purposes (regardless of whether we call the notes). Upon the disposition of a note by sale, exchange,
redemption or retirement (i.e., if we exercise our right to call the notes or otherwise) or other disposition, a U.S. holder will generally
recognize capital gain or loss equal to the difference, if any, between (i) the amount realized on the disposition (other than amounts
attributable to accrued but unpaid interest, which would be treated as such) and (ii) the U.S. holder's adjusted tax basis in the note.
A U.S. holder's adjusted tax basis in a note generally will equal the cost of the note (net of accrued interest) to the U.S. holder. The
deductibility of capital losses is subject to significant limitations.
Foreign Account Tax Compliance Act (FATCA) Withholding. Pursuant to Treasury regulations, Foreign Account Tax Compliance
Act (FATCA) withholding (as described in "United States Taxation--Taxation of Debt Securities--Foreign Account Tax Compliance
Act (FATCA) Withholding" in the accompanying prospectus) will generally apply to obligations that are issued on or after July 1,
2014; therefore, the notes will generally be subject to FATCA withholding. However, according to published guidance, the withholding
tax described above will not apply to payments of gross proceeds from the sale, exchange, redemption or other disposition of the
notes made before January 1, 2019.

PS-6
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. LLC
$2,000,000
Incapital LLC
2,000,000

Total
$4,000,000

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 1.00% 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 0.65% 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. In addition to offers and sales at the initial price to public, the underwriters 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.
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. LLC 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.
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Pricing Supplement No. 44 dated July 27, 2017
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. LLC or any other underwriter, will be approximately
$10,000.
We will deliver the notes against payment therefor in New York, New York on July 31, 2017, which is the second scheduled
business day following the date of this pricing 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. LLC and Incapital LLC that they may make a market in the notes. Goldman Sachs & Co. LLC 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. LLC, one of the underwriters, is an affiliate of The Goldman Sachs
Group, Inc. Please see "Plan of Distribution--Conflicts of Interest" on page 118 of the accompanying prospectus.

PS-7
Table of Contents
Conflic t s of I nt e re st
GS&Co. is an affiliate of The Goldman Sachs Group, Inc. and, as such, will have a "conflict of interest" in this offering of notes
within the meaning of Financial Industry Regulatory Authority, Inc. (FINRA) Rule 5121. Consequently, this offering of notes will be
conducted in compliance with the provisions of FINRA Rule 5121. GS&Co. will not be permitted to sell notes in this offering to an
account over which it exercises discretionary authority without the prior specific written approval of the account holder.

PS-8
Table of Contents
V ALI DI T Y OF T H E N OT ES
In the opinion of Sidley Austin LLP, as counsel to The Goldman Sachs Group, Inc., when the notes offered by this pricing supplement
have been executed and issued by The Goldman Sachs Group, Inc. and authenticated by the trustee pursuant to the indenture, and
delivered against payment as contemplated herein, such notes will be valid and binding obligations of The Goldman Sachs Group,
Inc., enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors'
rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of
good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent
conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of
the date hereof and is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware as in
effect on the date hereof. In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution
and delivery of the indenture and the genuineness of signatures and certain factual matters, all as stated in the letter of such counsel
dated July 10, 2017, which has been filed as Exhibit 5.5 to The Goldman Sachs Group, Inc.'s registration statement on Form S-3
filed with the Securities and Exchange Commission by GS Finance Corp. on July 10, 2017.

PS-9
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Pricing Supplement No. 44 dated July 27, 2017
Table of Contents

We have not authorized anyone to provide any information or to make any
representations other than those contained or incorporated by reference in this
pricing supplement, the accompanying prospectus supplement or the

accompanying prospectus. We take no responsibility for, and can provide no
assurance as to the reliability of, any other information that others may give you.
This pricing supplement, the accompanying prospectus supplement and the
accompanying prospectus is an offer to sell only the notes offered hereby, but
$4,000,000
only under circumstances and in jurisdictions where it is lawful to do so. The
information contained in this pricing supplement, the accompanying prospectus
supplement and the accompanying prospectus is current only as of the respective
dates of such documents.

T he Goldm a n Sa c hs Group, I nc .
TABLE OF CONTENTS
Pricing Supplement

Callable Step-Up Fixed Rate

Pa ge
Specific Terms of the Notes

PS-3
Notes due 2022
Additional Information About the Notes

PS-5
Supplemental Plan of Distribution

PS-7
Conflicts of Interest

PS-8
Validity of the Notes

PS-9
Prospectus Supplement dated January 19, 2017

Use of Proceeds

S-2

Description of Notes We May Offer

S-3
Considerations Relating to Indexed Notes

S-20
United States Taxation

S-23
Employee Retirement Income Security Act

S-24
Supplemental Plan of Distribution

S-25

Validity of the Notes

S-27

Prospectus dated July 10, 2017

Available Information

2
Prospectus Summary

4
Risks Relating to Regulatory Resolution Strategies and Long-Term
Debt Requirements

8
Use of Proceeds

13
Description of Debt Securities We May Offer

14
Description of Warrants We May Offer

45
Description of Purchase Contracts We May Offer

61
Description of Units We May Offer

66

Description of Preferred Stock We May Offer

71

Description of Capital Stock of The Goldman Sachs Group, Inc.

79
Legal Ownership and Book-Entry Issuance

84
Considerations Relating to Floating Rate Securities

89
Considerations Relating to Indexed Securities

90
Considerations Relating to Securities Denominated or Payable in
or Linked to a Non-U.S. Dollar Currency

91
United States Taxation

94
Plan of Distribution

116
Conflicts of Interest

118
Employee Retirement Income Security Act

119
Validity of the Securities

120
Goldm a n Sa c hs & Co.
Experts

120
Review of Unaudited Condensed Consolidated Financial
LLC
Statements by Independent Registered Public Accounting Firm

121
Cautionary Statement Pursuant to the Private Securities Litigation
I nc a pit a l LLC
Reform Act of 1995

121

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Document Outline

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