Obbligazione Goldman Sachs 4% ( US38141GVM31 ) in USD

Goldman Sachs

100 USD ▲

Stati Uniti

US38141GVM31 ( in USD )

4% per anno ( pagato 2 volte l'anno)

03/03/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Goldman Sachs US38141GVM31 in USD 4%, scaduta

2 000 USD

3 000 000 000 USD

38141GVM3

BBB+ ( Lower medium grade - Investment-grade )

A2 ( Upper medium grade - Investment-grade )

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 US38141GVM31, pays a coupon of 4% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 03/03/2024

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38141GVM31, was rated A2 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38141GVM31, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement dated February 26, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514077325/...
424B2 1 d684196d424b2.htm PROSPECTUS SUPPLEMENT DATED FEBRUARY 26, 2014
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914
Prospectus Supplement to Prospectus dated September 19, 2011.

$3,000,000,000

4.000% Notes due 2024

The Goldman Sachs Group, Inc. wil pay interest on the notes at a rate of 4.000% per annum on March 3 and
September 3, of each year. The first such payment wil be made on September 3, 2014. The notes wil mature on the
stated maturity date, March 3, 2024. If The Goldman Sachs Group, Inc. becomes obligated to pay additional amounts to
non-U.S. investors due to changes in U.S. withholding tax requirements, The Goldman Sachs Group, Inc. may redeem
the notes before their stated maturity at a price equal to 100% of the principal amount redeemed plus accrued interest
to the redemption date.

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 or
the accompanying prospectus. 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.

Per Note

Total

Initial price to public
99.698%
$2,990,940,000
Underwriting discount
0.450%

$
13,500,000
Proceeds, before expenses, to The Goldman Sachs Group, Inc.
99.248%
$2,977,440,000

The initial price to public set forth above does not include accrued interest, if any. Interest on the notes wil accrue
from March 3, 2014 and must be paid by the purchaser if the notes are delivered after March 3, 2014.

The underwriters expect to deliver the notes through the facilities of The Depository Trust Company against
payment in New York, New York on March 3, 2014.
The Goldman Sachs Group, Inc. may use this 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 prospectus supplement and the accompanying prospectus in a market-making transaction in the notes after their
initial sale, and unless they inform the purchaser otherwise in the confirmation of sale, this prospectus supplement and
accompanying prospectus are being used by them in a market-making transaction.

ABN AMRO

ANZ Investment Bank
Banca IMI

BB&T Capital Markets
BMO Capital Markets

BNY Mellon Capital Markets, LLC
Citigroup

Credit Agricole Securities (USA) Inc.
Fifth Third Securities

Lloyds Securities Inc.
Mizuho Securities USA Inc.

PNC Capital Markets LLC
RBC Capital Markets

Santander
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SMBC Nikko

Standard Chartered Bank
SunTrust Robinson Humphrey

US Bancorp
Drexel Hamilton

Mischler Financial Group, Inc.
Ramirez & Co., Inc.

The Williams Capital Group, L.P.

Prospectus Supplement dated February 26, 2014.
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TABLE OF CONTENTS
Prospectus Supplement

Page
Specific Terms of the Notes

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Employee Retirement Income Security Act

S-5
Validity of the Notes

S-6
Experts

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

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Underwriting

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Prospectus dated September 19, 2011
Available Information

2

Prospectus Summary

4

Use of Proceeds

8

Description of Debt Securities We May Offer

9

Description of Warrants We May Offer

33

Description of Purchase Contracts We May Offer

48

Description of Units We May Offer

53

Description of Preferred Stock We May Offer

58

The Issuer Trusts

65

Description of Capital Securities and Related Instruments

67

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

88

Legal Ownership and Book-Entry Issuance

92

Considerations Relating to Floating Rate Debt Securities

97

Considerations Relating to Securities Issued in Bearer Form

98

Considerations Relating to Indexed Securities

102
Considerations Relating to Securities Denominated or Payable in or Linked to a Non-U.S. Dol ar Currency

105
Considerations Relating to Capital Securities

108
United States Taxation

112
Plan of Distribution

135
Conflicts of Interest

137
Employee Retirement Income Security Act

138
Validity of the Securities

139
Experts

139
Review of Unaudited Condensed Consolidated Financial Statements by Independent Registered Public
Accounting Firm

139
Cautionary Statement Pursuant to the Private Securities Litigation Reform Act of 1995

140

We have not authorized anyone to provide any information or to make any representations other than those
contained or incorporated by reference in this prospectus supplement, the accompanying prospectus or in any free
writing prospectuses we have prepared. We take no responsibility for, and can provide no assurance as to the reliability
of, any other information that others may provide. This prospectus supplement and the accompanying prospectus is an
offer to sel only the notes offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so.
The information contained in this prospectus supplement and the accompanying prospectus is current only as of the
respective dates of such documents.
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SPECIFIC TERMS OF THE NOTES

Please note that throughout 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 "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".
The notes wil be a series of senior debt securities issued under our senior debt indenture dated as of July 16,
2008 between us and The Bank of New York Mel on, as trustee. This prospectus supplement summarizes specific
financial and other terms that wil apply to the notes; terms that apply generally to all of our debt securities are described
in "Description of Debt Securities We May Offer" in the accompanying prospectus dated September 19, 2011. The terms
described here supplement those described in the accompanying prospectus and, if the terms described here are
inconsistent with those described there, the terms described here are control ing.
Terms of the Notes
The specific terms of this series of notes we are offering wil be as fol ows:

Y Title of the notes: 4.000% Notes due 2024

Y Issuer of the notes: The Goldman Sachs Group, Inc.

Y Total principal amount being issued: $3,000,000,000

Y Initial price to public: 99.698% of the principal amount

Y Underwriting discount: 0.450% of the principal amount

Y Issue date: March 3, 2014

Y Stated maturity: March 3, 2024

Y Interest rate: 4.000% per annum

Y Date interest starts accruing: March 3, 2014

Y Due dates for interest: Every March 3 and September 3

Y First due date for interest: September 3, 2014

Y Regular record dates for interest: For interest due on an interest payment date, the day immediately prior to the
day on which the payment is to be made (as such payment day may be adjusted under the applicable business day
convention specified below)

Y Day count convention: 30/360 (ISDA)

Y Denomination: $2,000 and integral multiples of $1,000 thereafter, subject to a minimum denomination of $2,000

Y Business day: New York

Y Business day convention: Fol owing unadjusted, as described in the accompanying prospectus under "Description
of Debt Securities We May Offer -- Payment Mechanics for Debt Securities -- Business Day Conventions"

Y Defeasance: The notes are not subject to defeasance or covenant defeasance by us

Y Additional amounts: We intend to pay principal and interest without deducting U.S. withholding taxes. If we are
required to deduct U.S. withholding taxes from payment to non-U.S. investors, however, we wil pay additional
amounts on those payments, but only to the extent described in the accompanying prospectus under "Description of
Debt Securities We May Offer -- Payment of Additional Amounts".

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Y Tax Redemption: We wil have the option to redeem the notes before they mature (at par plus accrued interest) if we
become obligated to pay additional amounts because of changes in U.S. withholding tax requirements as described in
the accompanying prospectus under "Description of Debt Securities We May Offer -- Redemption and Repayment".
For purposes of the seventh paragraph under "Description of Debt Securities We May Offer -- Redemption and
Repayment", the specified date (on or after which any such changes that may occur wil give rise to our redemption
right) is February 26, 2014.

Y No other redemption: We wil not be permitted to redeem the notes before their stated maturity, except as
described above. The notes wil not be entitled to the benefit of any sinking fund -- that is, we wil not deposit money
on a regular basis into any separate custodial account to repay your note.

Y Repayment at option of holder: None

Y CUSIP No.: 38141GVM3

Y ISIN No.: US38141GVM31

Y FDIC: 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.
Additional Information About the Notes
Book-Entry System
We wil issue the notes as global notes registered in the name of DTC, or its nominee. The sale of the notes wil
settle in immediately available funds through DTC. You wil 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 Wil Be Terminated".
Investors may hold interests in a global note through organizations that participate, directly or indirectly, in the DTC
system. See "Legal Ownership and Book-Entry Issuance" in the accompanying prospectus for additional information
about indirect ownership of interests in the notes.
Trustee Conflict of Interest
BNY Mel on Capital Markets, LLC, an affiliate of the trustee, is an underwriter for this offering. Therefore, if a
default occurs with respect to the notes within one year after this offering (or any other offering of our securities in which
an affiliate of the trustee participates as an underwriter), the trustee would likely be considered to have a conflicting
interest for purposes of the Trust Indenture Act of 1939. In that event, except in very limited circumstances, the trustee
would be required to resign as trustee under the senior debt indenture under which the notes are being issued and we
would be required to appoint a successor trustee, unless the default is cured or waived within 90 days. If the trustee
resigns fol owing a default, it may be difficult to identify and appoint a qualified successor trustee. The trustee wil remain
the trustee under the indenture until a successor is appointed. During the period of time until a successor is appointed,
the trustee wil have both (a) duties to noteholders under the indenture and (b) a conflicting interest under the indenture
for purposes of the Trust Indenture Act.

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United States Federal Income Tax Consequences
Please see the discussion under "United States Taxation" in the accompanying prospectus.
Treasury regulations and administrative guidance provide that Foreign Account Tax Compliance Act ("FATCA")
withholding (as described in "United States Taxation -- Taxation of Debt Securities -- Foreign Account Tax Compliance"
in the accompanying prospectus) wil general y not apply to obligations that are issued prior to July 1, 2014, unless the
obligations are "significantly modified" (as defined in the applicable Treasury regulations) after July 1, 2014; therefore,
absent such a significant modification, the notes wil not be subject to FATCA withholding.

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EMPLOYEE RETIREMENT INCOME SECURITY 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 col ective 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 wil 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 wil
result in a non-exempt 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 any regulations thereunder) 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 described in this prospectus
supplement and accompanying prospectus, you should consult your legal counsel.

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VALIDITY OF THE NOTES
The validity of the notes wil be passed upon for the underwriters by Sul ivan & Cromwel LLP, New York, New
York. Sul ivan & Cromwel LLP has in the past represented and continues to represent The Goldman Sachs Group, Inc.
on a regular basis and in a variety of matters, including offerings of our common stock, preferred stock and debt
securities. Sul ivan & Cromwel LLP also performed services for The Goldman Sachs Group, Inc. in connection with the
offering of the notes described in this prospectus supplement.
EXPERTS
The financial statements of The Goldman Sachs Group, Inc. incorporated herein by reference to the Annual Report
on Form 10-K for the fiscal year ended December 31, 2012 have been so incorporated in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as
experts in auditing and accounting.
The historical income statement, balance sheet and common share data set forth in "Selected Financial Data" as
of and for the years ended December 31, 2012, December 31, 2011, December 31, 2010, December 31, 2009 and
November 28, 2008 and for the month ended December 26, 2008 incorporated by reference in this prospectus
supplement have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent
registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
REVIEW OF UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS BY INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
With respect to the unaudited condensed consolidated financial statements of The Goldman Sachs Group, Inc. as
of and for the three months ended March 31, 2013 and March 31, 2012, incorporated by reference in this prospectus
supplement, the unaudited condensed consolidated financial statements of The Goldman Sachs Group, Inc. as of and for
the three and six months ended June 30, 2013 and June 30, 2012 incorporated by reference in this prospectus
supplement, and the unaudited condensed consolidated financial statements of The Goldman Sachs Group, Inc. as of
and for the three and nine months ended September 30, 2013 and September 30, 2012 incorporated by reference in this
prospectus supplement, PricewaterhouseCoopers LLP reported that they have applied limited procedures in accordance
with professional standards for a review of such information. However, their separate reports dated May 8, 2013,
August 7, 2013 and November 6, 2013 incorporated by reference herein state that they did not audit and they do not
express an opinion on the unaudited condensed consolidated financial statements. Accordingly, the degree of reliance on
their reports on such unaudited condensed consolidated financial statements should be restricted in light of the limited
nature of the review procedures applied. PricewaterhouseCoopers LLP is not subject to the liability provisions of
Section 11 of the Securities Act of 1933 for their reports on the unaudited condensed consolidated financial statements
because the reports are not "reports" or a "part" of the registration statement prepared or certified by
PricewaterhouseCoopers LLP within the meaning of Sections 7 and 11 of the Securities Act of 1933.

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UNDERWRITING
We and the underwriters named below have entered into an underwriting agreement with respect to the notes.
Subject to certain conditions, each underwriter named below has several y agreed to purchase the principal amount of
notes indicated in the fol owing table:

Principal Amount
Underwriters

of Notes

Goldman, Sachs & Co.

$ 2,400,000,000
ABN AMRO Securities (USA) LLC

$
30,000,000
ANZ Investment Bank

$
30,000,000
Banca IMI S.p.A.

$
30,000,000
BB&T Capital Markets, a division of BB&T Securities, LLC

$
30,000,000
BMO Capital Markets Corp.

$
30,000,000
BNY Mel on Capital Markets, LLC

$
30,000,000
Citigroup Global Markets Inc.

$
30,000,000
Credit Agricole Securities (USA) Inc.

$
30,000,000
Fifth Third Securities, Inc.

$
30,000,000
Lloyds Securities Inc.

$
30,000,000
Mizuho Securities USA Inc.

$
30,000,000
PNC Capital Markets LLC

$
30,000,000
RBC Capital Markets, LLC

$
30,000,000
Santander Investment Securities Inc.

$
30,000,000
SMBC Nikko Securities America, Inc.

$
30,000,000
Standard Chartered Bank

$
30,000,000
SunTrust Robinson Humphrey, Inc.

$
30,000,000
U.S. Bancorp Investments, Inc.

$
30,000,000
Drexel Hamilton, LLC

$
15,000,000
Mischler Financial Group, Inc.

$
15,000,000
Samuel A. Ramirez & Company, Inc.

$
15,000,000
The Wil iams Capital Group, L.P.

$
15,000,000

Total

$ 3,000,000,000

The underwriters are committed to take and pay for al of the notes being offered, if any are taken.
The fol owing table shows the per note and total underwriting discounts and commissions to be paid to the
underwriters by us.

Per $1,000 note

$

4.50
Total

$13,500,000
The notes sold by the underwriters to the public wil initial y be offered at the initial price to public set forth on the
cover of this prospectus supplement. Any notes sold by the underwriters to securities dealers may be sold at a discount
from the initial price to public of up to 0.200% 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 initial price to
public of up to 0.150% of the principal amount of the notes. If al the notes are not sold at the initial price to public, the
underwriters may change the initial price to public and the other sel ing terms. The offering of the notes by the
underwriters is subject to their receipt and acceptance of the notes and subject to their right to reject any order in whole
or in part.
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 sel ing agents. This prospectus supplement may be used by the
underwriters and other dealers in connection with

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offers and sales of notes made in the United States, including offers and sales in the United States of notes initial y sold
outside the United States. The notes have not been, and wil not be, registered under the Securities Act of 1933 for the
purpose of offers or sales outside the United States.
The notes are a new issue of securities with no established trading market. We have been advised by Goldman,
Sachs & Co. and Goldman Sachs International that they intend to make a market in the notes. Other affiliates of The
Goldman Sachs Group, Inc. may also do so. Neither Goldman, Sachs & Co. or Goldman Sachs International nor any
other affiliate, however, is obligated to do so and any of them may discontinue market-making at any time without notice.
No assurance can be given as to the liquidity or the trading market for the notes.
Please note that the information about the original issue date, original 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 after the initial sale, information about the price and date of sale to you wil be
provided in a separate confirmation of sale.
Each underwriter has represented and agreed that it wil 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.
Each underwriter has represented and agreed that:

Y it has only communicated or caused to be communicated and wil 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 (as amended) (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

Y it has complied and wil comply with all applicable provisions of the FSMA with 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") 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 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
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 100 or, if the Relevant Member State has implemented the relevant provision of the
2010 PD Amending Directive, 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 offer; or

c) at any time in any other circumstances fal ing within Article 3(2) of the Prospectus Directive,
provided that no such offer of notes referred to above shal require the Issuer or any Dealer to publish a prospectus
pursuant to Article 3 of the Prospectus Directive, or supplement a prospectus pursuant to Article 16 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 Member State by any measure implementing the Prospectus Directive in that Member State,
the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD
Amending

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