Obbligazione Goldman Sachs 8.6% ( US38141GMD33 ) in USD

Goldman Sachs

85.15 USD ▲

Stati Uniti

US38141GMD33 ( in USD )

8.6% per anno ( pagato 2 volte l'anno)

23/01/2028

Prospetto opuscolo dell'obbligazione Goldman Sachs US38141GMD33 en USD 8.6%, scadenza 23/01/2028

1 000 USD

37 200 000 USD

38141GMD3

BBB+ ( Lower medium grade - Investment-grade )

NR

23/07/2025 ( In 150 giorni )

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 US38141GMD33, pays a coupon of 8.6% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 23/01/2028

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38141GMD33, was rated NR by Moody's credit rating agency.

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38141GMD33, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement No. 1926 dated January 17,2013
http://www.sec.gov/Archives/edgar/data/886982/000119312513019424/d471002d424b2.htm
424B2 1 d471002d424b2.htm PROSPECTUS SUPPLEMENT NO. 1926 DATED JANUARY 17,2013
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Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

Prospectus Supplement to the Prospectus dated September 19, 2011
and the Prospectus Supplement dated September 19, 2011 -- No. 1926
$37,200,000
Cal able Quarterly CMS Spread-Linked Medium-Term Notes,

Series D, due 2028

The notes wil mature on the stated maturity date (January 23, 2028).
We may redeem your notes at 100% of their face amount plus any accrued and unpaid interest on any quarterly interest payment date on or after
January 23, 2014.
On the stated maturity date, we wil pay you an amount in cash equal to the face amount of your notes plus accrued and unpaid interest, if any. The notes
wil pay interest quarterly, beginning April 23, 2013. For each of the first four interest periods, interest wil be paid at a rate of 8.60% per annum. For each interest
period thereafter, the amount of interest you wil be paid each quarter wil be based on the product of 4 times the CMS spread (the difference between the
30-year CMS rate minus the 5-year CMS rate on the relevant interest determination date, which wil be the second U.S. Government securities business day
preceding the respective interest period) minus 0.15%, subject to the maximum interest rate of 8.60% per annum.
For each quarterly interest period after the fourth interest period, the interest rate per annum for such interest period wil equal:

-- if (i) the CMS spread minus 0.15% times (ii) 4 is greater than or equal to 8.60%, the maximum interest rate of 8.60%;

-- if (i) the CMS spread minus 0.15% times (ii) 4 is less than 8.60% but greater than 0%, (i) the CMS spread minus 0.15% times (i ) 4; or

-- if (i) the CMS spread minus 0.15% times (ii) 4 is equal to or less than 0%, 0%.
After the first four interest periods, if on any interest determination date the 30-year CMS rate does not exceed the 5-year CMS rate by more
than 0.15%, you will receive no interest on your notes for such interest period, even if the CMS spread minus 0.15% on subsequent days is greater
than 0%. Furthermore, after the first four interest periods, the interest rate per annum will be subject to a maximum interest rate of 8.60%.
Your investment in the notes involves certain risks, including, among other things, our credit risk. See page S-4.
The foregoing is only a brief summary of the terms of your notes. You should read the additional disclosure provided herein so that you my better
understand the terms and risks of your investment.
The estimated value of your notes at the time the terms of your notes were set on the trade date (as determined by reference to pricing models
used by Goldman, Sachs & Co. and taking into account our credit spreads) was equal to approximately $920 per $1,000 face amount, which is less
than the original issue price. The value of your notes at any time will reflect many factors and cannot be predicted.

Original issue date: January 23, 2013
Underwriting discount: 3.97% of the face amount
Original issue price: 100% of the face amount
Net proceeds to issuer: 96.03% of the face amount
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Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed
upon the accuracy or adequacy of this prospectus supplement, the accompanying prospectus supplement or the accompanying prospectus. Any
representation to the contrary is a criminal offense. The notes are not bank deposits and are not insured by the Federal Deposit Insurance
Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.

Prospectus Supplement dated January 17, 2013.
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The issue price, underwriting discount and net proceeds listed on the cover page hereof relate to the notes we sel initial y. We may decide to sel additional
notes after the date of this prospectus supplement, at issue prices and with underwriting discounts and net proceeds that differ from the amounts set forth above.
The return (whether positive or negative) on your investment in notes wil depend in part on the issue price you pay for such notes.
Goldman Sachs may use this prospectus supplement in the initial sale of the offered notes. In addition, Goldman, Sachs & Co., or any other affiliate of
Goldman Sachs may use this prospectus supplement in a market-making transaction in a note after its initial sale. Unless Goldman Sachs or its agent informs
the purchaser otherwise in the confirmation of sale, this prospectus supplement is being used in a market-making transaction.
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SUMMARY INFORMATION

We refer to the notes we are offering by this prospectus supplement as the "offered notes" or the "notes". Each of the offered notes, including your
notes, has the terms described below and under "Specific Terms of Your Notes" on page S-10. Please note that in this prospectus supplement, references to
"The Goldman Sachs Group, Inc.", "we", "our" and "us" mean only The Goldman Sachs Group, Inc. and do not include its consolidated subsidiaries. Also,
references to the "accompanying prospectus" mean the accompanying prospectus, dated September 19, 2011 as supplemented by the accompanying
prospectus supplement, dated September 19, 2011, relating to Medium-Term Notes, Series D, of The Goldman Sachs Group, Inc. References to the
"indenture" in this prospectus supplement mean the senior debt indenture, dated July 16, 2008, between The Goldman Sachs Group, Inc. and The Bank of
New York Mellon, as trustee.

Key Terms

Issuer: The Goldman Sachs Group, Inc.
sale or maturity of the notes wil be taxed as ordinary interest income. Please
CMS spread: on any interest determination date, the difference of the
see "Supplemental Discussion of Federal Income Tax Consequences" below
30-year CMS rate minus the 5-year CMS rate.
for a more detailed discussion.
30-year CMS rate: for any interest determination date, the 30-year U.S.
Trade date: January 17, 2013
dol ar interest rate swap rate (as described on page S-11) on such day,
Original issue date (settlement date): January 23, 2013
subject to adjustment as described elsewhere in this prospectus supplement
Stated maturity date: January 23, 2028, subject to our early redemption
5-year CMS rate: for any interest determination date, the 5-year U.S. dol ar
right and to adjustment as described under "Specific Terms of Your Notes --
interest rate swap rate (as described on page S-11) on such day, subject to
Payment of Principal on Stated Maturity Date -- Stated Maturity Date" on
adjustment as described elsewhere in this prospectus supplement
page S-11
Face amount: each note wil have a face amount equal to $1,000;
Specified currency: U.S. dol ars ("$")
$37,200,000 in the aggregate for al the offered notes; the aggregate face
amount of the offered notes may be increased if the issuer, at its sole option,
Denominations: $1,000 or integral multiples of $1,000 in excess thereof
decides to sel an additional amount of the offered notes on a date
Interest payment dates: expected to be January 23, April 23, July 23 and
subsequent to the date of this prospectus supplement
October 23 of each year, beginning on April 23, 2013, and ending on the
Supplemental discussion of U.S. federal income tax consequences: We
stated maturity date, subject to adjustments as described elsewhere in the
intend to treat the notes as debt instruments subject to the special rules
prospectus supplement
governing contingent payment debt instruments for U.S. federal income tax
Early redemption: we have the right to redeem your notes, in whole but not
purposes. Under this treatment, it is the opinion of Sidley Austin LLP that if you
in part, at a price equal to 100% of the face amount plus accrued and unpaid
are a U.S. individual or taxable entity, you generally should be required to pay
interest, on each interest payment date on or after January 23, 2014, subject
taxes on ordinary income from the notes over their term based on the
to five business days' prior notice
comparable yield for the notes, subject to any positive and negative
adjustments based on the actual interest payments on the notes. In addition,
Interest rate: for the first four interest periods, the interest rate wil be
any gain you may recognize on the
8.60% per annum. For each interest period thereafter, subject to our early
redemption right, the interest rate wil be based upon the CMS spread on the
relevant
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interest determination date for such interest period and wil be a rate per
Interest determination dates: for each interest period after the first four
annum equal to:
interest periods, the second U.S. Government securities business day

-- if (i) the CMS spread minus 0.15% times (ii) 4 is greater than or
preceding such interest period

equal to the maximum interest rate: the maximum interest rate;
Interest period: the period from and including each interest payment date (or

the original issue date, in the case of the initial interest period) to but
-- if (i) the CMS spread minus 0.15% times (ii) 4 is less than the
excluding the next succeeding interest payment date (or the stated maturity

maximum interest rate but greater than 0%: (i) the CMS spread minus
date, in the case of the final interest period)
0.15% times (ii) 4; or

FDIC: The notes are not bank deposits and are not insured by the Federal
-- if (i) the CMS spread minus 0.15% times (ii) 4 is equal to or less than

Deposit Insurance Corporation (the "FDIC") or any other governmental
0%: 0%
agency, nor are they obligations of, or guaranteed by, a bank
Maximum interest rate: 8.60% per annum
Calculation agent: Goldman, Sachs & Co.
Day count convention: 30/360 (ISDA)
CUSIP no.: 38141GMD3
Business day convention: fol owing unadjusted
ISIN no.: US38141GMD33
Regular record dates: the scheduled business day immediately preceding
each interest payment date
Defeasance: not applicable
No listing: the offered notes wil not be listed or displayed on any securities
exchange or interdealer market quotation system
Business day: as described on page S-13
U.S. Government securities business day: any day except for a Saturday,
Sunday or a day on which the Securities Industry and Financial Markets
Association recommends that the fixed income department of its members be
closed for the entire day for purposes of trading in U.S. government
securities

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ADDITIONAL RISK FACTORS SPECIFIC TO YOUR NOTES

An investment in your notes is subject to the risks described below, as well as the risks described under "Considerations Relating to Indexed Securities"
in the accompanying prospectus dated September 19, 2011. You should carefully review these risks as well as the terms of the notes described herein and
in the accompanying prospectus, dated September 19, 2011, as supplemented by the accompanying prospectus supplement, dated September 19, 2011, of
The Goldman Sachs Group, Inc. Your notes are a riskier investment than ordinary debt securities. You should carefully consider whether the offered notes
are suited to your particular circumstances.

The Estimated Value of Your Notes At the
used by others. See "-- The Market Value of Your Notes May Be Influenced
Time the Terms of Your Notes Were Set On
by Many Factors That Are Unpredictable and Interrelated in Complex Ways"
the Trade Date (as Determined By Reference
below.
to Pricing Models Used By Goldman,
Sachs & Co.) Was Less Than the Original
The difference between the estimated value of your notes as of the time
Issue Price Of Your Notes
the terms of your notes were set on the trade date and the original issue
price is a result of certain factors, including principal y the underwriting
The original issue price for your notes exceeds the estimated value of
discount and commissions, the expenses incurred in creating, documenting
your notes as of the time the terms of your notes were set on the trade date,
and marketing the notes, and an estimate of the difference between the
as determined by reference to Goldman, Sachs & Co.'s pricing models and
amounts we pay to Goldman, Sachs & Co. and the amounts Goldman,
taking into account our credit spreads. Such estimated value on the trade
Sachs & Co. pays to us in connection with your notes. We pay to Goldman,
date is set forth on the cover of this prospectus supplement; after the trade
Sachs & Co. amounts based on what we would pay to holders of a
date, the estimated value as determined by reference to these models wil be
non-structured note with a similar maturity. In return for such payment,
affected by changes in market conditions, our creditworthiness and other
Goldman, Sachs & Co. pays to us the amounts we owe under your notes.
relevant factors. If Goldman, Sachs & Co. buys or sel s your notes it wil do
In addition to the factors discussed above, the value and quoted price of
so at prices that reflect the estimated value determined by reference to such
your notes at any time wil reflect many factors and cannot be predicted. If
pricing models at that time, plus or minus then current bid and ask spread for
Goldman, Sachs & Co. makes a market in the notes, the price quoted by
similar sized trades of structured notes.
Goldman, Sachs & Co. would reflect any changes in market conditions and
In estimating the value of your notes as of the time the terms of your
other relevant factors, including any deterioration in our creditworthiness or
notes were set on the trade date, as disclosed on the front cover of this
perceived creditworthiness. These changes may adversely affect the value of
prospectus supplement, Goldman, Sachs & Co.'s pricing models consider
your notes, including the price you may receive for your notes in any market
certain variables, including principal y our credit spreads, interest rates
making transaction. To the extent that Goldman, Sachs & Co. makes a
(forecasted, current and historical rates), volatility, price-sensitivity analysis
market in the notes, the quoted price wil reflect the estimated value
and the time to maturity of the notes. These pricing models are proprietary
determined by reference to Goldman, Sachs & Co.'s pricing models at that
and rely in part on certain assumptions about future events, which may prove
time, plus or minus its then current bid and ask spread for similar sized trades
to be incorrect. As a result, the actual value you would receive if you sold
of structured notes.
your notes in the secondary market, if any, to others may differ, perhaps
Furthermore, if you sell your notes, you will likely be charged a
material y, from the estimated value of your notes determined by reference to
commission for secondary
our models due to, among other things, any differences in pricing models or
assumptions
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market transactions, or the price wil likely reflect a dealer discount. This
value of your notes. Even if the CMS spread less 0.15% is greater than 0%
commission or discount wil further reduce the proceeds you would receive
during some portion of the life of the offered notes after the first four interest
for your notes in a secondary market sale.
periods, the market value of your notes may not increase in the same
manner. We discuss some of the reasons for this disparity under "-- The
There is no assurance that Goldman, Sachs & Co. or any other party wil
Market Value of Your Notes May Be Influenced by Many Factors That Are
be wil ing to purchase your notes at any price and, in this regard, Goldman,
Unpredictable and Interrelated in Complex Ways" above.
Sachs & Co. is not obligated to make a market in the notes. See "-- Your
Notes May Not Have an Active Trading Market" below.
Because of the long-dated maturity of your notes, the expected future
performance of the CMS spread wil have a greater impact on the market
Furthermore, if you sell your notes, you wil likely be charged a
value of your notes than if your notes had an earlier maturity date. In
commission for secondary market transactions, or the price wil likely reflect
particular, the expected future performance of the CMS spread may cause
a dealer discount.
the market value of your notes to decrease even though the CMS spread
minus 0.15% may be greater than 0% during some portion of the life of the
There is no assurance that Goldman, Sachs & Co. or any other party wil
be wil ing to purchase your notes; and, in this regard, Goldman, Sachs & Co.
offered notes. Moreover, expectations about the performance of the CMS
is not obligated to make a market in the notes. See "-- Your Notes May Not
spread in the future are subject to a great degree of uncertainty and may be
Have an Active Trading Market" below.
based on assumptions about the future that may prove to be incorrect. Even
if the expected future performance of the CMS spread is favorable to your
The Notes Are Subject to the Credit Risk of
notes, this uncertainty may result in market participants substantial y
the Issuer
discounting this future performance when determining the market value of
your notes.
Although the return on the notes wil be based in part on the relationship
between the 5-year CMS rate and the 30-year CMS rate, the payment of any
If the CMS Spread Minus 0.15% Is Less
amount due on the notes is subject to our credit risk. The notes are our
than or Equal to 0% on the Relevant
unsecured obligations. Investors are dependent on our ability to pay all
Interest Determination Date for Any
amounts due on the notes, and therefore investors are subject to our credit
Interest Period After the First Four
risk and to changes in the market's view of our creditworthiness. See
Interest Periods, No Interest Will Be
"Description of the Notes We May Offer -- Information About Our
Paid for that Interest Period
Medium-Term Notes, Series D Program -- How the Notes Rank Against
Other Debt" on page S-4 of the accompanying prospectus supplement.
Because of the formula used to calculate the interest rate applicable to
your notes, in the event that on the relevant interest determination date for
If the CMS Spread Changes, the Market Value
any interest period after the first four interest periods the 30-year CMS rate
of Your Notes May Not Change in the Same
does not exceed the 5-year CMS rate by more than 0.15%, no interest wil
Manner
be paid for such interest period, even if the CMS spread minus 0.15% on
subsequent days is greater than 0%. Therefore, if the 30-year CMS rate
The price of your notes may move differently than the CMS spread.
does not exceed the 5-year CMS rate by more than 0.15%, for a prolonged
The CMS spread wil vary during the term of the notes based on the
period of time over the life of your notes after the first four interest periods,
relationship between the 5-year CMS rate and the 30-year CMS rate as wel
including interest determination dates, you wil receive no interest during the
as the market's expectation of this relationship in the future. Changes in the
affected interest periods. In such case, even if you receive some interest
CMS spread may not result in a comparable change in the market
payments on some or al of the interest

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