Obbligazione Goldman Sachs 2% ( US38147Q2K14 ) in USD

Goldman Sachs

100 USD ⇌

Stati Uniti

US38147Q2K14 ( in USD )

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

29/04/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Goldman Sachs US38147Q2K14 in USD 2%, scaduta

1 000 USD

2 625 000 USD

38147Q2K1

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 US38147Q2K14, pays a coupon of 2% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 29/04/2024

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147Q2K14, 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 US38147Q2K14, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement No. 2804 dated April 22, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514157363/...
424B2 1 d713439d424b2.htm PROSPECTUS SUPPLEMENT NO. 2804 DATED APRIL 22, 2014
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

$2,625,000

Floating Rate Notes due 2024

We wil pay interest semi-annual y on April 29 and October 29 of each year, commencing on October 29, 2014 to,
and including, the stated maturity date (April 29, 2024) at a floating rate per annum equal to the product of the
then-applicable 10-year CMS rate times 0.83, subject to the minimum interest rate of 2.00% per annum. The notes wil
mature on the stated maturity date. On the stated maturity date, you wil receive $1,000, plus any accrued and unpaid
interest, for each $1,000 of the face amount of your notes.
The interest on your notes for each semi-annual interest period wil be a rate per annum equal to the product of the
then-applicable 10-year CMS rate times 0.83, determined on the relevant interest determination date, subject to the
minimum interest rate.
Your investment in the notes involves certain risks, including, among other things, our credit risk. See page
S-5.
You should read the additional disclosure herein so that you may 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 $948 per $1,000 face amount, which will be less than the original issue
price. The value of your notes at any time will reflect many factors and cannot be predicted; however, the price
(not including GS&Co.'s customary bid and ask spreads) at which GS&Co. would initially buy or sell notes (if it
makes a market, which it is not obligated to do) and the value that GS&Co. will initially use for account
statements and otherwise equals approximately $990 per $1,000 face amount, which exceeds the estimated
value of your notes as determined by reference to these models. The amount of the excess will decline on a
straight line basis over the period from the trade date through April 22, 2016.

Original issue date:
April 29, 2014
Original issue price:
100.00% of the face amount
Underwriting discount:
1.42% of the face amount
Net proceeds to the issuer: 98.58% of the face amount
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 No. 2804 dated April 22, 2014.
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Table of Contents
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.

About Your Notes
The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. This prospectus
supplement constitutes a supplement to the documents listed below and should be read in conjunction with such
documents:

·
Prospectus supplement dated September 19, 2011

·
Prospectus dated September 19, 2011
The information in this prospectus supplement supersedes any conflicting information in the documents listed above. In
addition, some of the terms or features described in the listed documents may not apply to your notes.
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Prospectus Supplement No. 2804 dated April 22, 2014
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Table of Contents
SPECIFIC TERMS OF YOUR NOTES

We refer to the notes we are offering by this prospectus supplement as the "offered notes" or the "notes".
Please note that in this prospectus supplement, references to "The Goldman Sachs Group, Inc.", "we", "our" and
"us" mean only The Goldman Sachs Group, Inc. and do not include its consolidated subsidiaries. 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. Please note that in this section entitled "Specific Terms of Your
Notes", references to "holders" mean those who own notes registered in their own names, on the books that we or
the trustee maintain for this purpose, and not those who own beneficial interests in notes registered in street name
or in notes issued in book-entry form through The Depository Trust Company. Please review the special
considerations that apply to owners of beneficial interests in the accompanying prospectus, under "Legal
Ownership and Book-Entry Issuance". References to the "indenture" in this prospectus supplement mean the senior
debt indenture, dated July 16, 2008, between The Goldman Sachs Group, Inc. and The Bank of New York Mellon,
as trustee.

Key Terms
Issuer: The Goldman Sachs Group, Inc.
Specified currency: U.S. dol ars ("$")
Denominations: $1,000 or integral multiples of $1,000 in excess thereof
Type of Notes: Floating rate notes (notes)
Face amount: each note wil have a face amount equal to $1,000, or integral multiples of $1,000 in excess thereof;
$2,625,000 in the aggregate for all the offered notes; the aggregate face amount of the offered notes may be increased
if the issuer, at its sole option, decides to sel an additional amount of the offered notes on a date subsequent to the date
of this prospectus supplement
Stated maturity date: April 29, 2024
Trade date: April 22, 2014
Original issue date (settlement date): April 29, 2014
Form of Notes: global form only
Supplemental discussion of U.S. federal income tax consequences: The notes wil be treated as variable rate debt
instruments for U.S. federal income tax purposes. Under this characterization, it is the opinion of Sidley Austin LLP that
you should include the interest payments on the notes in ordinary income at the time you receive or accrue such
payments, depending on your regular method of accounting for tax purposes. Any gain or loss you recognize upon the
sale or maturity of your notes should be capital gain or loss. Please see "Supplemental Discussion of Federal Income
Tax Consequences" below for a more detailed discussion.
Interest rate: for any interest period, a rate per annum equal to the product of the base rate times 0.83, determined on
the relevant interest determination date, subject to the minimum interest rate; for the initial interest period, the base rate
shal be the initial base rate
Base rate: 10-year CMS rate (as described under "Historical 10-Year CMS Rates" below and in the accompanying
prospectus supplement under "Description of the Notes We May Offer Interest Rates CMS Rate Notes")
Index maturity: 10 years
Initial base rate: 10-year CMS rate in effect on April 25, 2014
Minimum interest rate: 2.00% per annum
Interest payment dates: April 29 and October 29 of each year, commencing on October 29, 2014, to, and including,
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the stated maturity date, subject to adjustments as described elsewhere in the prospectus supplement
Interest periods: semi-annual; the period from and including each interest payment date (or the original issue date, in
the case of the initial interest period) to but excluding the next succeeding interest payment date (or the stated maturity
date, in the case of the final interest period)

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Interest determination dates: for each interest period commencing with the second interest period, the second U.S.
Government securities business day preceding the interest reset date
Business day convention: fol owing unadjusted; applicable to interest payment dates and interest reset dates
Interest reset dates: every April 29 and October 29 of each year, commencing on October 29, 2014
Day count convention: 30/360 (ISDA)
Regular record dates: the scheduled business day immediately preceding each interest payment date
No listing: the notes wil not be listed or displayed on any securities exchange or interdealer market quotation system
No redemption: the notes wil not be subject to redemption right or price dependent redemption right
Business Day: New York business day.
Calculation agent: Goldman, Sachs & Co.
CUSIP no.: 38147Q2K1
ISIN no.: US38147Q2K14
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

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Prospectus Supplement No. 2804 dated April 22, 2014
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Table of Contents
HYPOTHETICAL EXAMPLES
The fol owing table is provided for purposes of il ustration only. It should not be taken as an indication or prediction of
future investment results and is intended merely to il ustrate the method we wil use to calculate the amount of interest
accrued during each interest period.
The table below is based on 10-year CMS rates that are entirely hypothetical; no one can predict what the 10-year
CMS rate wil be on any day, and no one can predict the interest that wil accrue on your notes in any interest period.
For these reasons, the actual 10-year CMS rates, as wel as the interest payable on each interest payment date,
may bear little relation to the hypothetical table shown below or to the historical 10-year CMS rates shown elsewhere
in this prospectus supplement. For information about the 10-year CMS rates during recent periods, see "Historical
10-year CMS Rates" on page S-9. Before investing in the offered notes, you should consult publicly available
information to determine the 10-year CMS rates between the date of this prospectus supplement and the date of your
purchase of the offered notes.
The fol owing table il ustrates the method we wil use to calculate the interest rate at which interest wil accrue on
each day included in each interest period, subject to the key terms and assumptions below.
The percentage amounts in the left column of the table below represent hypothetical 10-year CMS rates on a given
interest determination date. The right column of the table below represent the hypothetical interest, as a percentage of
the face amount of each note, that would be payable on a given interest payment date, based on the corresponding
hypothetical 10-year CMS rate. The information in the table also reflects the key terms and assumptions in the box
below.

Key Terms and Assumption
Face amount

$1,000
Minimum interest rate
2.00% per annum

Also, the hypothetical examples shown below do not take into account the effects of applicable taxes.

Hypothetical interest rate payable on an interest
Hypothetical 10-Year CMS Rate

payment date
-3.00%

2.000%*
-2.00%

2.000%*
-1.00%

2.000%*
0.00%

2.000%*
0.25%

2.000%*
0.80%

2.000%*
0.90%

2.000%*
1.00%

2.000%*
2.35%

2.000%*
3.00%

2.490%
4.00%

3.320%
5.50%

4.565%
7.00%

5.810%
* Interest is floored at the minimum interest rate of 2.00% per annum for each interest payment date.
Payments on the notes are economically equivalent to the amounts that would be paid on a combination of other
instruments. For example, payments on the notes are economically equivalent to the amounts that would be paid on a
combination of an interest-bearing bond bought, and an option bought, by the holder (with an implicit option premium paid
over time by the holder). The discussion in this paragraph does not modify or affect the terms of the notes or the United
States income tax treatment of the notes, as described elsewhere in this prospectus supplement.
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We cannot predict the actual 10-year CMS rate on any day or the market value of your notes, nor can we
predict the relationship between the 10-year CMS rate and the market value of your notes at any time prior to the
stated maturity date. The actual interest payment that a holder of the offered notes will receive on each interest
payment date and the rate of return on the offered notes will depend on the actual 10-year CMS rates determined
by the calculation agent over the life of your notes. Moreover, the assumptions on which the hypothetical table is
based may turn out to be inaccurate. Consequently, the interest amount to be paid in respect of your notes on each
interest payment date may be very different from the information reflected in the table above.

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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 Floating Rate Debt Securities" in the accompanying prospectus dated September 19,
2011. Your notes are a riskier investment than ordinary debt securities. 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. You should carefully consider whether the offered notes are suited to your particular circumstances.

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.) Was Less Than the Original Issue
Price Of Your Notes
The original issue price for your notes exceeds the estimated value of your notes as of the time the terms of your
notes were set on the trade date, as determined by reference to Goldman, Sachs & Co.'s pricing models and taking into
account our credit spreads. Such estimated value on the trade date is set forth on the cover of this prospectus
supplement; after the trade date, the estimated value as determined by reference to these models wil be affected by
changes in market conditions, our creditworthiness and other relevant factors. The price at which Goldman, Sachs & Co.
would initial y buy or sel your notes (if Goldman, Sachs & Co. makes a market, which it is not obligated to do), and the
value that Goldman, Sachs & Co. wil initial y use for account statements and otherwise, wil also exceed the estimated
value of your notes as determined by reference to these models. As agreed by Goldman, Sachs & Co. and the
distribution participants, the amount of the excess wil decline on a straight line basis over the period from the date
hereof through the applicable date set forth on the cover. Thereafter, if Goldman, Sachs & Co. buys or sel s your notes it
wil do so at prices that reflect the estimated value determined by reference to such pricing models at that time. The
price at which Goldman, Sachs & Co. wil buy or sel your notes at any time also wil reflect its then current bid and ask
spread for similar sized trades of structured notes.
In estimating the value of your notes as of the time the terms of your notes were set on the trade date, as disclosed
on the front cover of this prospectus supplement, Goldman, Sachs & Co.'s pricing models consider certain variables,
including principal y our credit spreads, interest rates (forecasted, current and historical rates), volatility, price-sensitivity
analysis and the time to maturity of the notes. These pricing models are proprietary and rely in part on certain
assumptions about future events, which may prove to be incorrect. As a result, the actual value you would receive if you
sold your notes in the secondary market, if any, to others may differ, perhaps material y, from the estimated value of
your notes determined by reference to our models due to, among other things, any differences in pricing models or
assumptions used by others. See "-- The Market Value of Your Notes May Be Influenced by Many Unpredictable
Factors" below.
The difference between the estimated value of your notes as of the time 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 discount and
commissions, the expenses incurred in creating, documenting and marketing the notes, and an estimate of the difference
between the amounts we pay to Goldman, Sachs & Co. and the amounts Goldman, Sachs & Co. pays to us in
connection with your notes. We pay to Goldman, Sachs & Co. amounts based on what we would pay to holders of a
non-structured note with a similar maturity. In return for such payment, Goldman, Sachs & Co. pays to us the amounts
we owe under your notes.
In addition to the factors discussed above, the value and quoted price of your notes at any time wil reflect many
factors and cannot be predicted. If Goldman, Sachs & Co. makes a market in the notes, the price quoted by Goldman,
Sachs & Co. would reflect any changes in market conditions and other relevant factors, including any deterioration in our
creditworthiness or perceived creditworthiness. These changes may adversely affect the value of your notes, including
the price you may receive for your notes in any market making transaction. To the extent that Goldman, Sachs & Co.
makes a market in the notes, the quoted price wil reflect the estimated value determined by reference to Goldman,
Sachs & Co.'s pricing models at that time, plus or minus its then current bid and ask spread for similar sized trades of
structured notes (and subject to the declining excess amount described above).
Furthermore, if you sel your notes, you wil likely be charged a commission for secondary market transactions, or the
price wil likely reflect a dealer discount. This commission or discount wil further reduce the proceeds you would receive
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for your notes in a secondary market sale.
There is no assurance that Goldman, Sachs & Co. or any other party wil be wil ing to purchase your notes at any
price and, in this regard, Goldman, Sachs & Co. is not obligated to make a market in the notes. See "-- Your Notes
May Not Have an Active Trading Market" below.

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The Notes Are Subject to the Credit Risk of the Issuer
Although the return on the notes wil be based in part on the performance of the 10-year CMS rate, the payment of
any amount due on the notes is subject to our credit risk. The notes are our unsecured obligations. Investors are
dependent on our ability to pay all amounts due on the notes, and therefore investors are subject to our credit risk and to
changes in the market's view of our creditworthiness. See "Description of the Notes We May Offer -- Information About
Our Medium-Term Notes, Series D Program -- How the Notes Rank Against Other Debt" on page S-4 of the
accompanying prospectus supplement.
We May Sell an Additional Aggregate Face Amount of the Notes at a Different Issue Price
At our sole option, we may decide to sel an additional aggregate face amount of the notes subsequent to the date of
this prospectus supplement. The issue price of the notes in the subsequent sale may differ substantial y (higher or lower)
from the issue price you paid as provided on the cover of this prospectus supplement.
The Amount of Interest Payable on Your Notes Will Not Be Affected by the 10-Year CMS Rate on Any Day Other
Than an Interest Determination Date
For each interest period, the amount of interest payable on each interest payment date is calculated based on the
product of the 10-year CMS rate on the applicable interest determination date times 0.83. Although the actual 10-year
CMS rate on an interest payment date or at other times during an interest period may be higher than the 10-year CMS
rate on the applicable interest determination date, you wil not benefit from the 10-year CMS rate at any time other than
on the interest determination date for such interest period.
Recent Regulatory Investigations Regarding Potential Manipulation of ISDAfix May Adversely Affect Your Notes
It has been reported that the U.K. Financial Conduct Authority and the U.S. Commodity Futures Trading Commission
are working together to investigate potential manipulation of ISDAfix. If such manipulation occurred, it may have resulted
in the 10-year CMS rate being artificial y lower (or higher) than it would otherwise have been. Any changes or reforms
affecting the determination or supervision of ISDAfix in light of these investigations may result in a sudden or prolonged
increase or decrease in reported ISDAfix, which could have an adverse impact on the trading market for ISDAfix-
benchmarked securities such as your notes, the value of your notes and any payments on your notes.
The Historical Levels of the 10-Year CMS Rate Are Not an Indication of the Future Levels of the 10-Year CMS
Rate
In the past, the level of the 10-year CMS rate has experienced significant fluctuations. You should note that historical
levels, fluctuations and trends of the 10-year CMS rate are not necessarily indicative of future levels. Any historical
upward or downward trend in the 10-year CMS rate is not an indication that the 10-year CMS rate is more or less likely
to increase or decrease at any time during an interest period, and you should not take the historical levels of the 10-year
CMS rate as an indication of its future performance.
If You Purchase Your Notes at a Premium to Face Amount, the Return on Your Investment Will Be Lower Than
the Return on Notes Purchased at Face Amount and the Impact of Certain Key Terms of the Notes Will be
Negatively Affected
The amount you wil be paid for your notes on the stated maturity date wil not be adjusted based on the issue price
you pay for the notes. If you purchase notes at a price that differs from the face amount of the notes, then the return on
your investment in such notes held to the stated maturity date wil differ from, and may be substantial y less than, the
return on notes purchased at face amount. If you purchase your notes at a premium to face amount and hold them to the
stated maturity date, the return on your investment in the notes wil be lower than it would have been had you purchased
the notes at face amount or a discount to face amount.
The Market Value of Your Notes May Be Influenced by Many Factors That Are Unpredictable and Interrelated in
Complex Ways
When we refer to the market value of your notes, we mean the value that you could receive for your notes if you
chose to sel them in the open market before the stated maturity date. A number of factors, many of which are beyond
our control, wil influence the market value of your notes, including:

·
the 10-year CMS rate;

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