Obbligazione Goldman Sachs 7.5% ( US38141EA257 ) in USD

Emittente Goldman Sachs
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US38141EA257 ( in USD )
Tasso d'interesse 7.5% per anno ( pagato 2 volte l'anno)
Scadenza 15/02/2019 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Goldman Sachs US38141EA257 in USD 7.5%, scaduta


Importo minimo 2 000 USD
Importo totale 3 000 000 000 USD
Cusip 38141EA25
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Descrizione dettagliata Goldman Sachs è una banca d'investimento multinazionale americana che offre servizi di investimento bancario, gestione patrimoniale e trading a clienti istituzionali e privati.

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38141EA257, pays a coupon of 7.5% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/02/2019







424B2
424B2 1 y74341e424b2.htm PRICING SUPPLEMENT DATED JANUARY 29, 2009
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-154173


Pricing Supplement to the Prospectus dated October 10, 2008 and the
Prospectus Supplement dated October 10, 2008 -- No. 70

$2,000,000,000

The Goldman Sachs Group, Inc.
7.50% Notes due 2019
Medium-Term Notes, Series D

The notes being purchased have the following terms:
Issuer: The Goldman Sachs Group, Inc.
Principal amount: $2,000,000,000
Stated maturity: February 15, 2019
Specified currency: U.S. dollars
· principal: U.S. dollars
· interest: U.S. dollars
· exchange rate agent: not applicable
Trade date: January 29, 2009
Original issue date: February 5, 2009
Original issue price: 98.078% ($1,961,560,000)
Underwriting discount: 0.45%
Net price/proceeds to The Goldman Sachs Group, Inc.: 97.628% ($1,952,560,000) (before
expenses)
CUSIP no.: 38141EA25
ISIN: US38141EA257
Common Code: 041251620
Original issue discount notes: no
· total amount of OID:
· yield to maturity:
· initial accrual period OID:
Form of notes:
· master global book-entry form only: yes
· non-global form available: no
Redemption before stated maturity: optional, but only if we become obligated to pay additional
amounts because of U.S. withholding tax requirements
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If interest rate is fixed: yes
· annual rate: 7.50%
· date interest starts accruing: February 5, 2009
· interest payment dates: February 15 and August 15, commencing on August 15, 2009
· regular record dates: February 1 and August 1
· denominations: $2,000 and integral multiples of $1,000 thereafter
· day count convention: 30/360 (ISDA)
· business day: New York
· business day convention: following unadjusted
Listing: application has been made to list the notes on the New York Stock Exchange; listing of the
notes is expected to be approved on or about February 5, 2009; see the last paragraph of page PS-7
If interest rate is floating: not applicable
Defeasance applies as follows: not applicable
· full defeasance -- i.e., our right to be relieved of all our obligations on the note by placing funds
in trust for the investor:
· covenant defeasance -- i.e., our right to be relieved of specified provisions of the note by placing
funds in trust for the investor:

The information above, if any, about the original issue date, trade date, original issue price, net
proceeds and original issue discount relates only to the initial sale of the notes. If the notes are sold in
a market-making transaction after their initial sale, information about the price paid and the date of the
sale will be provided in a separate confirmation of sale. Please refer to the accompanying prospectus
dated October 10, 2008 and the accompanying prospectus supplement dated October 10, 2008 for
additional information about the notes being purchased.


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 pricing
supplement. Any representation to the contrary is a criminal offense.
The notes have been registered under the Securities Act of 1933 solely for the purpose of sales in the
United States; they have not been and will not be registered for the purpose of any sales outside the
United States.
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. In addition, the notes
are not guaranteed under the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee
Program.




The Goldman Sachs Group, Inc. may use this pricing supplement, the accompanying prospectus
supplement and the accompanying prospectus in the initial sale of the notes. In addition, Goldman,
Sachs & Co. or any other affiliate of The Goldman Sachs Group, Inc. may use this pricing supplement,
the accompanying prospectus supplement and the accompanying prospectus in a market-making
transaction in the notes after their initial sale and, unless the purchaser is informed otherwise in the
confirmation of sale, this pricing supplement, the accompanying prospectus supplement and the
accompanying prospectus are being used in a market-making transaction.

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424B2

Goldman, Sachs & Co.

Daiwa Securities America
Inc.


Blaylock Robert Van, LLC

The Williams Capital Group, L.
P.


Pricing Supplement dated January 29, 2009.
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Payment of Additional Amounts

We intend to make all payments on the notes without deducting U.S. withholding taxes. If we are
required by law to do so on payments to non-U.S. investors, however, we will pay additional
amounts on those payments to the extent described in this subsection.
We will pay additional amounts on a note only if the beneficial owner of the note is a United States
alien. The term "United States alien" means any person who, for U.S. federal income tax purposes
is:
· a nonresident alien individual;

· a foreign corporation;

· a foreign partnership one or more of the members of which is, for U.S. federal income tax
purposes, a foreign corporation, a nonresident alien individual or a nonresident alien fiduciary of a
foreign estate or trust; or

· a nonresident alien fiduciary of an estate or trust that is not subject to U.S. federal income tax on
a net income basis on income or gain from a note.
If the beneficial owner of a note is a United States alien, we will pay all additional amounts that may
be necessary so that every net payment of interest or principal on that note will not be less than the
amount provided for in that note. By net payment, we mean the amount we or our paying agent
pays after deducting or withholding an amount for or on account of any present or future tax,
assessment or other governmental charge imposed with respect to that payment by a U.S. taxing
authority.
Our obligation to pay additional amounts is subject to several important exceptions, however. We
will not pay additional amounts for or on account of any of the following:
· any tax, assessment or other governmental charge imposed solely because at any time there is or
was a connection between the beneficial owner -- or between a fiduciary, settlor, beneficiary or
member of the beneficial owner, if the beneficial owner is an estate, trust or partnership -- and the
United States (other than the mere receipt of a payment or the ownership or holding of a note),
including because the beneficial owner -- or the fiduciary, settlor, beneficiary or member -- at any
time, for U.S. federal income tax purposes:
-- is or was a citizen or resident or is or was treated as a resident of the United States;

-- is or was present in the United States;

-- is or was engaged in a trade or business in the United States;

-- has or had a permanent establishment in the United States;

-- is or was a domestic or foreign personal holding company, a passive foreign investment
company or a controlled foreign corporation;

-- is or was a corporation that accumulates earnings to avoid U.S. federal income tax; or

-- is or was a "ten percent shareholder" of The Goldman Sachs Group, Inc.;

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· any tax, assessment or other governmental charge imposed solely because of a change in
applicable law or regulation, or in any official interpretation or application of applicable law or
regulation, that becomes effective more than 15 days after the day on which the payment
becomes due or is duly provided for, whichever occurs later;

· any estate, inheritance, gift, sales, excise, transfer, wealth or personal property tax, or any
similar tax, assessment or other governmental charge;

· any tax, assessment or other governmental charge imposed solely because the beneficial
holder or any other person fails to comply with any certification, identification or other reporting
requirement concerning the nationality, residence, identity or connection with the United States
of the holder or any beneficial owner of the note, if compliance is required by statute or by
regulation of the U.S. Treasury department or by an applicable income tax treaty to which the
United States is a party, as a precondition to exemption from such tax, assessment or other
governmental charge;
PS-2
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· any tax, assessment or other governmental charge that can be paid other than by deduction or
withholding from a payment on the notes;

· any tax, assessment or other governmental charge imposed solely because the payment is to
be made by a particular paying agent (including The Goldman Sachs Group, Inc.) and would
not be imposed if made by another paying agent;

· by or on behalf of a holder who would be able to avoid withholding or deduction by presenting
the note to another paying agent in a Member State of the European Union;

· any tax, assessment or other governmental charge imposed solely because the holder (1) is a
bank purchasing the note in the ordinary course of its lending business or (2) is a bank that is
neither (A) buying the note for investment purposes only nor (B) buying the note for resale to a
third party that either is not a bank or holding the note for investment purposes only; or

· any combination of the taxes, assessments or other governmental charges described above.
In addition, we will not pay additional amounts with respect to any payment of principal, or interest
to any United States alien who is a fiduciary or a partnership, or who is not the sole beneficial owner
of the payment, to the extent that we would not have to pay additional amounts to any beneficiary or
settlor of the fiduciary or any member of the partnership, or to any beneficial owner of the payment,
if that person or entity were treated as the beneficial owner of the note for these purposes.
When we refer to a "U.S. taxing authority" in this subsection and "-- Payment of Additional
Amounts" above, we mean the United States of America or any state, other jurisdiction or taxing
authority in the United States. When we refer to the "United States", we mean the United States of
America, including the states and the District of Columbia, together with the territories, possessions
and all those areas subject to the jurisdiction of the United States of America.
When we refer to any payment of interest or principal on a note, this includes any additional amount
that may be payable as described above in respect of that payment.
When We Can Redeem the Notes
We will not be permitted to redeem the notes before their stated maturity, except 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 be entitled, at our option, to redeem the outstanding notes in whole and not in part if at any
time we become obligated to pay additional amounts on any notes on the next interest payment
date, but only if our obligation results from a change in the laws or regulations of any U.S. taxing
authority, or from a change in any official interpretation or application of those laws or regulations,
that becomes effective or is announced on or after January 29, 2009.
If we redeem the notes, we will do so at a redemption price equal to 100% of the principal amount
of the notes redeemed, plus accrued interest to the redemption date.
If we become entitled to redeem the notes, we may do so at any time on a redemption date of our
choice. However, we must give the holders of the notes being redeemed notice of the redemption
not less than 30 days or more than 60 days before the redemption date and not more than 90 days
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before the next date on which we would be obligated to pay additional amounts. In addition, our
obligation to pay additional amounts must remain in effect when we give the notice of redemption.
We will give the notice in the manner described under "Description of Debt Securities We May
Offer -- Notices" in the accompanying prospectus.

PS-3
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SUPPLEMENTAL PLAN OF DISTRIBUTION

The Goldman Sachs Group, Inc. and the underwriters for this offering named below have entered
into a terms agreement and 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.






Principal Amount

Underwriters

of Notes

Goldman, Sachs & Co.

$
1,960,000,000
Daiwa Securities America Inc


20,000,000
Blaylock Robert Van, LLC


10,000,000
The Williams Capital Group, L.P.


10,000,000





Total

$
2,000,000,000





Notes sold by the underwriters to the public will initially be offered at the original issue price 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 original issue price less a discount of
0.450% of the principal amount of the notes. Any notes sold by the underwriters to securities
dealers may be sold at a discount from the original issue price of up to 0.300% of the principal
amount of the notes. Any such securities dealers may resell any notes purchased from the
underwriters to certain other brokers or dealers at a discount from the original issue price of up to
0.250% of the principal amount of the notes. If all of the offered notes are not sold at the original
issue price, the underwriters may change the offering price and the other selling terms.
The underwriters intend to offer the notes for sale in the United States either directly or through
affiliates or other dealers acting as selling agents. The underwriters may also offer the notes for sale
outside the United States either directly or through affiliates or other dealers acting as selling
agents. This pricing supplement may be used by the underwriters and other dealers in connection
with offers and sales of notes made in the United States, as well as offers and sales in the United
States of notes initially sold outside the United States. The notes have not been, and will not be,
registered under the Securities Act of 1933 for the purpose of sales outside the United States.
Please note that the information about the original issue price 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 after the initial sale, information about the price
and date of sale to you will be provided in a separate confirmation of sale.
It is expected that delivery of the notes will be made against payment therefor on February 5, 2009,
which is the fifth business day following the date of this pricing supplement. Under Rule 15c6-1
promulgated under the Securities Exchange Act of 1934, trades in the secondary market generally
are required to settle in three business days, unless the parties to any such trade expressly agree
otherwise. Accordingly, purchasers who wish to trade notes on any date prior to the third business
day before delivery will be required, by virtue of the fact that the notes initially will settle on the fifth
business day following the day of pricing ("T+5"), to specify an alternate settlement cycle at the time
of any such trade to prevent a failed settlement and should consult their own advisor.
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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 Financial
Industry Regulatory Authority, Inc. member broker-dealers registered with the U.S. Securities and
Exchange Commission.
Each underwriter has represented and agreed that:

· it has only communicated or caused to be communicated and will only communicate or cause
to be communicated an invitation or inducement to engage in investment activity (within the
meaning of Section 21 of the Financial Services and Markets Act 2000 (the "FSMA"))
received by it in connection with the issue or sale of the notes in circumstances in which
Section 21(1) of the FSMA does not apply to The Goldman Sachs Group, Inc.; and


· it has complied and will comply with all applicable provisions of the FSMA with
PS-4
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respect to anything done by it in relation to the notes in, from or otherwise involving the United
Kingdom.
In relation to each Member State of the European Economic Area which has implemented the
Prospectus Directive (each, a "Relevant Member State"), each underwriter has represented and
agreed that with effect from and including the date on which the Prospectus Directive is
implemented in that Relevant Member State (the "Relevant Implementation Date") it has not made
and will not make an offer of notes to the public in that Relevant Member State other than:

(a) to legal entities which are authorised or regulated to operate in the financial markets or, if
not so authorised or regulated, whose corporate purpose is solely to invest in securities;


(b) to any legal entity which has two or more of (1) an average of at least 250 employees
during the last financial year; (2) a total balance sheet of more than 43,000,000 and (3) an
annual net turnover of more than 50,000,000, as shown in its last annual or consolidated
accounts;


(c) to fewer than 100 natural or legal persons (other than qualified investors as defined in the
Prospectus Directive) subject to obtaining the prior consent of the representatives for any
such offer; or


(d) in any other circumstances which do not require publication by The Goldman Sachs Group,
Inc. of a prospectus pursuant to Article 3 of the Prospectus Directive.
For the purposes of this provision, the expression an "offer of notes to the public" in relation to any
notes in any Relevant Member State means the communication in any form and by any means of
sufficient information on the terms of the offer and the notes to be offered so as to enable an
investor to decide to purchase or subscribe the notes, as the same may be varied in that Relevant
Member State by any measure implementing the Prospectus Directive in that Relevant Member
State and the expression Prospectus Directive means Directive 2003/71/EC and includes any
relevant implementing measure in each Relevant Member State.
The notes may not be offered or sold by means of any document other than (i) in circumstances
which do not constitute an offer to the public within the meaning of the Companies Ordinance
(Cap. No. 32, Laws of Hong Kong), or (ii) to "professional investors" within the meaning of the
Securities and Futures Ordinance (Cap. No. 571, Laws of Hong Kong) and any rules made
thereunder, or (iii) in other circumstances which do not result in the document being a "prospectus"
within the meaning of the Companies Ordinance (Cap. No. 32, Laws of Hong Kong), and no
advertisement, invitation or document relating to the notes may be issued or may be in the
possession of any person for the purpose of issue (in each case whether in Hong Kong or
elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the
public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with
respect to notes which are or are intended to be disposed of only to persons outside Hong Kong or
only to "professional investors" within the meaning of the Securities and Futures Ordinance
(Cap. No. 571, Laws of Hong Kong) and any rules made thereunder.
This pricing supplement has not been registered as a prospectus with the Monetary Authority of
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