Obbligazione Goldman Sachs 1.656% ( US38147QEY89 ) in USD

Goldman Sachs

102.042 USD ▲

Stati Uniti

US38147QEY89 ( in USD )

1.656% per anno ( pagato 2 volte l'anno)

28/08/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Goldman Sachs US38147QEY89 in USD 1.656%, scaduta

1 000 USD

7 500 000 USD

38147QEY8

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 US38147QEY89, pays a coupon of 1.656% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 28/08/2024

The Obbligazione issued by Goldman Sachs ( United States ) , in USD, with the ISIN code US38147QEY89, 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 US38147QEY89, was rated BBB+ ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Prospectus Supplement No. 3092 dated August 26, 2014
424B2 1 d781549d424b2.htm PROSPECTUS SUPPLEMENT NO. 3092 DATED AUGUST 26, 2014
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

T he Goldm a n Sa c hs Group, I nc .
$7,500,000
Fixed and Floating Rate Notes due 2024

We will pay a fixed rate of interest at a rate of 3.00% per annum quarterly on February 28, May 28, August 28 and
November 28 of each year, commencing on November 28, 2014 to, and including, August 28, 2015. After August 28, 2015, interest
will be payable quarterly on February 28, May 28, August 28 and November 28 of each year, commencing on November 28, 2015
to, and including, the stated maturity date (August 28, 2024) at a floating rate equal to the then-applicable 3-month USD LIBOR
rate plus the spread of 1.40% per annum, subject to the minimum interest rate of 1.40% per annum and the maximum interest rate
of 5.00% per annum. The notes will mature on the stated maturity date. On the stated maturity date, you will 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 quarterly interest period commencing on or after August 28, 2015 to, but excluding, the
stated maturity date, each of which we refer to as a "floating rate interest period", will be a rate equal to:

·
If the 3-month USD LIBOR rate on the interest determination date for a floating rate interest period plus the spread is

less than the maximum interest rate, the 3-month USD LIBOR rate on such interest determination date plus the spread,
subject to the minimum interest rate; or

·
If the 3-month USD LIBOR rate on the interest determination date for a floating rate interest period plus the spread is

equal to or greater than the maximum interest rate, the maximum interest rate.
For t he floa t ing ra t e int e re st pe riods c om m e nc ing on or a ft e r August 2 8 , 2 0 1 5 t o, but e x c luding, t he
st a t e d m a t urit y da t e , e ve n if t he 3 -m ont h U SD LI BOR ra t e on a n int e re st de t e rm ina t ion da t e plus t he spre a d
is gre a t e r t ha n t he m a x im um int e re st ra t e of 5 .0 0 % pe r a nnum , t he not e s w ill a c c rue only 5 .0 0 % pe r a nnum
in t he a pplic a ble int e re st pe riod.
Y our inve st m e nt in t he not e s involve s c e rt a in risk s, inc luding, a m ong ot he r t hings, our c re dit risk . Se e
pa ge S -6 .
You should read the additional disclosure herein so that you may better understand the terms and risks of your investment.

Origina l issue da t e :
August 28, 2014
Origina l issue pric e :
100.00% of the face amount
U nde rw rit ing disc ount : 1.45% of the face amount N e t proc e e ds t o t he issue r: 98.55% of the face amount
N e it he r t he Se c urit ie s a nd Ex c ha nge Com m ission nor a ny ot he r re gula t ory body ha s a pprove d or
disa pprove d of t he se se c urit ie s or pa sse d upon t he a c c ura c y or a de qua c y of t his prospe c t us. Any
re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse . T he not e s a re not ba nk de posit s a nd a re not insure d by
t he Fe de ra l De posit I nsura nc e Corpora t ion or a ny ot he r gove rnm e nt a l a ge nc y, nor a re t he y obliga t ions of,
or gua ra nt e e d by, a ba nk .
Goldm a n, Sa c hs & Co.
Prospectus Supplement No. 3092 dated August 26, 2014.
Table of Contents
The issue price, underwriting discount and net proceeds listed on the cover page hereof relate to the notes we sell initially. We
may decide to sell additional notes after the date of this prospectus supplement, at issue prices and with underwriting discounts and
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Prospectus Supplement No. 3092 dated August 26, 2014
net proceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investment in notes will
depend in part on the issue price you pay for such notes.
Goldman Sachs may use this prospectus in the initial sale of the offered notes. In addition, Goldman, Sachs & Co., or any
other affiliate of Goldman Sachs may use this prospectus 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 is being used in
a market-making transaction.

About Y our Prospe c t us

The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. This prospectus includes
this prospectus supplement and the accompanying documents listed below. 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.
Table of Contents
SPECI FI C T ERM S OF Y OU R N OT ES

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.

K e y T e rm s
I ssue r: The Goldman Sachs Group, Inc.
Spe c ifie d c urre nc y: U.S. dollars ("$")
Fa c e a m ount : each note will have a face amount equal to $1,000, or integral multiples of $1,000 in excess thereof; $7,500,000
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 sell an additional amount of the offered notes on a date subsequent to the date of this prospectus supplement
St a t e d m a t urit y da t e : August 28, 2024
T ra de da t e : August 26, 2014
Origina l issue da t e (se t t le m e nt da t e ): August 28, 2014
Form of N ot e s: global form only
Supple m e nt a l disc ussion of U .S. fe de ra l inc om e t a x c onse que nc e s: We intend to treat your notes 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 amounts treated as qualified stated interest in ordinary income at the time you receive or accrue such payments,
depending on your regular method of accounting for tax purposes. In addition, you should be required to include any original issue
discount in ordinary income as such original issue discount accrues, regardless of your method of accounting for tax purposes. Any
gain or loss you recognize upon the sale, exchange or maturity of your notes should be capital gain or loss. Please see
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Prospectus Supplement No. 3092 dated August 26, 2014
"Supplemental Discussion of Federal Income Tax Consequences" below for a more detailed discussion.
Fix e d int e re st ra t e : for the fixed rate interest periods, interest on the notes will be 3.00% per annum
Fix e d ra t e int e re st pa ym e nt da t e s: quarterly; on each February 28, May 28, August 28 and November 28, commencing on
November 28, 2014 to, and including, August 28, 2015
Fix e d ra t e int e re st pe riods: quarterly; the periods from and including a fixed rate interest payment date (or the original issue
date, in the case of the first fixed rate interest period) to but excluding the following fixed rate interest payment date
Floa t ing int e re st ra t e : for the floating rate interest periods commencing on or after August 28, 2015 to, but excluding, the
stated maturity date, interest on the notes will be:

·
if the 3-month USD LIBOR rate on an interest determination date plus the spread is less than the maximum interest

rate, the 3-month USD LIBOR rate on such interest determination date plus the spread, subject to the minimum interest
rate; or

·
if the 3-month USD LIBOR rate on an interest determination date plus the spread is equal to or greater than the

maximum interest rate, the maximum interest rate

S-2
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M a x im um int e re st ra t e : 5.00% per annum
M inim um int e re st ra t e : 1.40% per annum
Ba se ra t e for t he floa t ing ra t e int e re st pe riods: 3-month USD LIBOR (as described in the accompanying prospectus
supplement under "Description of the Notes We May Offer -- Interest Rates -- LIBOR Notes")
Re ut e rs sc re e n LI BOR pa ge : LIBOR01
I nde x m a t urit y: 3 months
I nde x c urre nc y: U.S. dollar
Spre a d: 1.40% per annum
Floa t ing ra t e int e re st pa ym e nt da t e s: quarterly; on each February 28, May 28, August 28 and November 28, commencing
on November 28, 2015 to and ending on the stated maturity date
Floa t ing ra t e int e re st pe riods: quarterly; the periods from and including a floating rate interest payment date (or the final fixed
rate interest payment date, in the case of the first floating rate interest period) to but excluding the next succeeding floating rate
interest payment date (or the stated maturity date, in the case of the final floating rate interest period) are each a floating rate
interest period
Busine ss da y c onve nt ion: modified following unadjusted; applicable to interest payment dates and floating rate interest reset
dates
I nt e re st de t e rm ina t ion da t e s: for each floating rate interest period, the second London business day preceding the floating
rate interest reset date
Floa t ing ra t e int e re st re se t da t e s: every February 28, May 28, August 28 and November 28, commencing on August 28,
2015
Da y c ount fra c t ion: 30/360 (ISDA)
Re gula r re c ord da t e s: the scheduled business day immediately preceding each interest payment date
N o list ing: the notes will not be listed or displayed on any securities exchange or interdealer market quotation system
N o re de m pt ion: the notes will not be subject to redemption right or price dependent redemption right
London busine ss da y: any day on which commercial banks are open for general business (including dealings in U.S. dollars) in
London
Busine ss Da y: New York business day
Ca lc ula t ion a ge nt : Goldman, Sachs & Co.
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Prospectus Supplement No. 3092 dated August 26, 2014
CU SI P no.: 38147QEY8
I SI N no.: US38147QEY89
FDI C: 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

S-3
Table of Contents
H Y POT H ET I CAL EX AM PLES
The following table is provided for purposes of illustration only. It should not be taken as an indication or prediction of future
investment results and is intended merely to illustrate the method we will use to calculate the amount of interest accrued during
each interest period following the fourth interest period.
The table below is based on 3-month USD LIBOR rates that are entirely hypothetical; no one can predict what the 3-month
USD LIBOR rate will be on any day during the floating rate interest periods, and no one can predict the interest that will accrue on
your notes in any interest period during the floating rate interest periods.
For these reasons, the actual 3-month USD LIBOR rates during the floating rate interest periods, as well as the interest
payable on each floating rate interest payment date, may bear little relation to the hypothetical table shown below or to the
historical 3-month USD LIBOR rates shown elsewhere in this prospectus supplement. For information about the 3-month USD
LIBOR rates during recent periods, see "Historical 3-Month USD LIBOR Rates" on page S-11. Before investing in the offered
notes, you should consult publicly available information to determine the 3-month USD LIBOR rates between the date of this
prospectus supplement and the date of your purchase of the offered notes.
The following table illustrates the method we will use to calculate the interest rate at which interest will accrue on each day
included in each floating rate interest period, subject to the key terms and assumptions below.
The percentage amounts in the left column of the table below represent hypothetical final 3-month USD LIBOR rates on a
given interest determination date. The right column of the table below represents the hypothetical interest, as a percentage of the
face amount of each note, that would be payable on a given floating rate interest payment date, based on the corresponding
hypothetical 3-month USD LIBOR rate. The information in the table also reflects the key terms and assumptions in the box below.

K e y T e rm s a nd Assum pt ion
Face amount

$1,000
Maximum interest rate
5.00% per annum
Minimum interest rate
1.40% per annum
Spread
1.40% per annum
Also, the hypothetical examples shown below do not take into account the effects of applicable taxes.

H ypot he t ic a l 3 -m ont h U SD
H ypot he t ic a l int e re st a m ount pa ya ble on a floa t ing ra t e int e re st
LI BOR Ra t e

pa ym e nt da t e (inc luding t he spre a d).

On or after November 28, 2015 to and
including the stated maturity date

(per annum)
-3.00%

1.40%*
-2.00%

1.40%*
-1.00%

1.40%*
0 .0 0 %

1 .4 0 %
0.50%

1.90%
1.00%

2.40%
1.50%

2.90%
2.00%

3.40%
3.00%

4.40%
3 .6 0 %

5 .0 0 %
4.00%

5.00%**
5.00%

5.00%**
6.00%

5.00%**
* Interest is floored at the minimum interest rate of 1.40% per annum for the interest payment dates on or after November 28,
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Prospectus Supplement No. 3092 dated August 26, 2014
2015.
** Interest is capped at the maximum interest rate of 5.00% per annum for the interest payment dates on or after
November 28, 2015.

S-4
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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.

We cannot predict the actual 3-month USD LIBOR rate on any day or the market value of your notes, nor can we predict
the relationship between the 3-month USD LIBOR 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 floating rate interest payment
date and the rate of return on the offered notes will depend on the actual 3-month USD LIBOR 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 floating rate interest payment
date may be very different from the information reflected in the table above.

S-5
Table of Contents
ADDI T I ON AL RI SK FACT ORS SPECI FI C T O Y OU R N OT ES

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.

T he N ot e s Are Subje c t t o t he Cre dit Risk of t he I ssue r
Although the return on the notes will be based in part on the performance of the 3 month-USD LIBOR, 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.
T he Am ount of I nt e re st Pa ya ble On T he N ot e s I n Ce rt a in I nt e re st Pe riods I s Ca ppe d
For each floating rate interest period commencing on or after August 28, 2015, on the applicable interest determination date,
the 3-month USD LIBOR rate plus the spread will be subject to the maximum interest rate of 5.00% per annum, which will limit the
amount of interest you may receive on each floating rate interest payment date. Thus, you will not benefit from any increases in the
3-month USD LIBOR rate plus the spread above the maximum interest rate. Accordingly, the notes may provide more or less
interest income than an investment in a similar instrument.
We M a y Se ll a n Addit iona l Aggre ga t e Fa c e Am ount of t he N ot e s a t a Diffe re nt I ssue Pric e
At our sole option, we may decide to sell 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 substantially (higher or lower) from the issue
price you paid as provided on the cover of this prospectus supplement.
T he Am ount of I nt e re st Pa ya ble on Y our N ot e s Will N ot Be Affe c t e d by t he 3 -M ont h U SD LI BOR Ra t e on Any
Da y Ot he r T ha n a n I nt e re st De t e rm ina t ion Da t e
For each interest period after the first four interest periods, the amount of interest payable on each floating rate interest
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Prospectus Supplement No. 3092 dated August 26, 2014
payment date is calculated based on the 3-month USD LIBOR rate on the applicable interest determination date plus the spread.
Although the actual 3-month USD LIBOR rate on a floating rate interest payment date or at other times during a floating rate
interest period may be higher than the 3-month USD LIBOR rate on the applicable interest determination date, you will not benefit
from the 3-month USD LIBOR rate at any time other than on the interest determination date for such floating rate interest period.
I nc re a se d Re gula t ory Ove rsight a nd Cha nge s in t he M e t hod Pursua nt t o Whic h t he LI BOR Ra t e s Are
De t e rm ine d M a y Adve rse ly Affe c t t he V a lue of Y our N ot e s
Beginning in 2008, concerns were raised that some of the member banks surveyed by the British Bankers' Association (the
"BBA") in connection with the calculation of LIBOR across a range of maturities and currencies may have been under-reporting or
otherwise manipulating the inter-bank lending rate applicable to them. A number of BBA member banks have entered into
settlements with their regulators and law enforcement agencies with respect to alleged manipulation of LIBOR, and investigations
were instigated by regulators and governmental authorities in various jurisdictions (including in the United States, United Kingdom,
European Union, Japan and Canada). If manipulation of LIBOR or another inter-bank lending rate occurred, it may have resulted in
that rate being artificially lower (or higher) than it otherwise would have been.
In September 2012, the U.K. government published the results of its review of LIBOR (commonly referred to as the "Wheatley
Review"). The Wheatley Review made a number of recommendations for changes with respect to LIBOR including the introduction
of statutory regulation of LIBOR, the transfer of responsibility for LIBOR from the BBA to an independent administrator, changes to
the method of compilation of lending rates and new regulatory oversight and enforcement mechanisms for rate-setting. Based on
the Wheatley Review, final rules for the regulation and supervision of LIBOR by the Financial Conduct Authority (the "FCA") were
published and came into effect on April 2, 2013 (the "FCA Rules"). In particular, the FCA Rules include requirements that (1) an
independent LIBOR administrator monitor and survey LIBOR submissions to identify breaches of practice standards and/or
potentially manipulative behavior, and (2) firms submitting data to LIBOR establish and maintain a clear conflicts of interest policy
and appropriate systems and controls. In addition, in response to the Wheatley Review recommendations, ICE Benchmark
Administration Limited (the "ICE Administration") has been appointed as the independent LIBOR administrator, effective February 1,
2014.

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It is not possible to predict the effect of the FCA Rules, any changes in the methods pursuant to which the LIBOR rates are
determined and any other reforms to LIBOR that will be enacted in the U.K. and elsewhere, which may adversely affect the trading
market for LIBOR-based securities. In addition, any changes announced by the FCA, the ICE Administration or any other
successor governance or oversight body, or future changes adopted by such body, in the method pursuant to which the LIBOR
rates are determined may result in a sudden or prolonged increase or decrease in the reported LIBOR rates. If that were to occur
and to the extent that the value of your securities is affected by reported LIBOR rates, the level of interest payments and the value
of the securities may be affected. Further, uncertainty as to the extent and manner in which the Wheatley Review
recommendations will continue to be adopted and the timing of such changes may adversely affect the current trading market for
LIBOR-based securities and the value of your notes.
T he H ist oric a l Le ve ls of t he 3 -m ont h U SD LI BOR Ra t e Are N ot a n I ndic a t ion of t he Fut ure Le ve ls of t he 3 -
m ont h U SD LI BOR Ra t e
In the past, the level of the 3-month USD LIBOR rate has experienced significant fluctuations. You should note that historical
levels, fluctuations and trends of the 3-month USD LIBOR rate are not necessarily indicative of future levels. Any historical upward
or downward trend in the 3-month USD LIBOR rate is not an indication that the 3-month USD LIBOR rate is more or less likely to
increase or decrease at any time during a floating rate interest period, and you should not take the historical levels of the 3-month
USD LIBOR rate as an indication of its future performance.
T he M a rk e t V a lue of Y our N ot e s M a y Be I nflue nc e d by M a ny U npre dic t a ble Fa c t ors
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 sell
it in the open market before the stated maturity date. A number of factors, many of which are beyond our control, will influence the
market value of your notes, including:

·
the 3-month USD LIBOR rate;

·
the volatility -- i.e., the frequency and magnitude of changes -- in the level of the 3-month USD LIBOR rate;

·
economic, financial, regulatory, political, military and other events that affect LIBOR rates generally;

·
other interest rates and yield rates in the market;
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Prospectus Supplement No. 3092 dated August 26, 2014

·
the time remaining until your notes mature; and

·
our creditworthiness, whether actual or perceived, and including actual or anticipated upgrades or downgrades in

our credit ratings or changes in other credit measures.
These factors, and many other factors, will influence the price you will receive if you sell your notes before maturity, including
the price you may receive for your notes in any market making transaction. If you sell your notes before maturity, you may receive
less than the face amount of your notes.
You cannot predict the future performance of the 3-month USD LIBOR rate based on its historical performance. The actual
performance of the 3-month USD LIBOR rate during the floating rate interest periods, as well as the interest payable on each
floating rate interest payment date may bear little or no relation to the hypothetical levels of the 3-month USD LIBOR rate or to the
hypothetical examples shown elsewhere in this prospectus supplement.
I f t he 3 -m ont h U SD LI BOR Ra t e Cha nge s, t he M a rk e t V a lue of Y our N ot e s M a y N ot Cha nge in t he Sa m e
M a nne r
The price of your notes may move differently than the 3-month USD LIBOR rate. Changes in the 3-month USD LIBOR rate
may not result in a comparable change in the market value of your notes. We discuss some of the reasons for this disparity under
"-- The Amount of Interest Payable on Your Notes Will Not Be Affected by the 3-Month USD LIBOR Rate on Any Day Other Than
an Interest Determination Date" and "-- The Market Value of Your Notes May Be Influenced by Many Unpredictable Factors"
above.
Goldm a n Sa c hs' Ant ic ipa t e d H e dging Ac t ivit ie s M a y N e ga t ive ly I m pa c t I nve st ors in t he N ot e s a nd Ca use our
I nt e re st s a nd T hose of Our Clie nt s a nd Count e rpa rt ie s t o be Cont ra ry t o T hose of I nve st ors in t he N ot e s
Goldman Sachs expects to hedge our obligations under the notes by purchasing futures and/or other instruments linked to 3-
month USD LIBOR. We also expect to adjust our hedge by, among other things, purchasing or selling any of the foregoing, and
perhaps other instruments linked to the 3-month USD LIBOR, at any time and from time to time, and to unwind the hedge by
selling any of the foregoing on or before the determination date for your notes. We may also enter into, adjust and unwind hedging
transactions relating to other rate-linked notes whose returns are linked to changes in the level of 3-month USD LIBOR.
Any of these hedging or other activities may adversely affect the levels of the 3-month USD LIBOR and therefore the market
value of your notes and the amount we will pay on your notes. In addition, you should expect that these

S-7
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transactions will cause Goldman Sachs or its clients or counterparties to have economic interests and incentives that do not align
with, and that may be directly contrary to, those of an investor in the notes. Goldman Sachs will have no obligation to take, refrain
from taking or cease taking any action with respect to these transactions based on the potential effect on an investor in the notes,
and may receive substantial returns on hedging or other activities while the value of your notes declines.
As Ca lc ula t ion Age nt , Goldm a n, Sa c hs & Co. Will H a ve t he Aut horit y t o M a k e De t e rm ina t ions t ha t Could
Affe c t t he V a lue of Y our N ot e s a nd t he Am ount Y ou M a y Re c e ive On Any I nt e re st Pa ym e nt Da t e
As calculation agent for your notes, Goldman, Sachs & Co. will have discretion in making certain determinations that affect
your notes, including determining the 3-month USD LIBOR rate on any interest determination date, which we will use to determine
the amount we will pay on any applicable interest payment date during the floating rate interest periods. The exercise of this
discretion by Goldman, Sachs & Co. could adversely affect the value of your notes and may present Goldman, Sachs & Co. with a
conflict of interest. We may change the calculation agent at any time without notice and Goldman, Sachs & Co. may resign as
calculation agent at any time upon 60 days' written notice to Goldman Sachs.
Y our N ot e s M a y N ot H a ve a n Ac t ive T ra ding M a rk e t
Your notes will not be listed or displayed on any securities exchange or included in any interdealer market quotation system,
and there may be little or no secondary market for your notes. Even if a secondary market for your notes develops, it may not
provide significant liquidity and we expect that transaction costs in any secondary market would be high. As a result, the difference
between bid and asked prices for your notes in any secondary market could be substantial.
Ce rt a in Conside ra t ions for I nsura nc e Com pa nie s a nd Em ploye e Be ne fit Pla ns
Any insurance company or fiduciary of a pension plan or other employee benefit plan that is subject to the prohibited
transaction rules of the Employee Retirement Income Security Act of 1974, as amended, which we call "ERISA", or the Internal
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Prospectus Supplement No. 3092 dated August 26, 2014
Revenue Code of 1986, as amended, including an IRA or a Keogh plan (or a governmental plan to which similar prohibitions
apply), and that is considering purchasing the offered notes with the assets of the insurance company or the assets of such a plan,
should consult with its counsel regarding whether the purchase or holding of the offered notes could become a "prohibited
transaction" under ERISA, the Internal Revenue Code or any substantially similar prohibition in light of the representations a
purchaser or holder in any of the above categories is deemed to make by purchasing and holding the offered notes. This is
discussed in more detail under "Employee Retirement Income Security Act" below.
Y ou Will Be Re quire d t o Ac c rue I nt e re st in Ex c e ss of I nt e re st Pa ym e nt s Follow ing t he I nit ia l Fix e d Ra t e
I nt e re st Pe riods
As discussed below under "Supplemental Discussion of Federal Income Tax Consequences", you will be required to accrue an
amount of interest in the initial fixed rate interest periods of your note that will generally be less than the stated interest on your
note in such periods. Conversely, you will be required to accrue an amount of interest in the floating rate interest periods of your
note that will generally exceed the stated interest on your note in such periods.
Fore ign Ac c ount T a x Com plia nc e Ac t (FAT CA) Wit hholding M a y Apply t o Pa ym e nt s on Y our N ot e s, I nc luding
a s a Re sult of t he Fa ilure of t he Ba nk or Brok e r T hrough Whic h Y ou H old t he N ot e s t o Provide I nform a t ion
t o T a x Aut horit ie s
Your notes could be subject to a U.S. withholding tax of 30% under FATCA. This tax could apply if you or any non-U.S.
person or entity that receives a payment (directly or indirectly) on your behalf (including a bank, custodian, broker or other payee,
at any point in the series of payments made on your notes) does not comply with the U.S. information reporting, withholding,
identification, certification, and related requirements imposed by FATCA. The payments potentially subject to this withholding tax
include interest (including original issue discount) and other periodic payments as well as payments made upon the sale, exchange
or maturity of your notes.
You should consult your tax advisor regarding the relevant U.S. law and other official guidance on FATCA. You could be
affected by this withholding if, for example, your bank or broker through which you hold the notes is subject to withholding because
it fails to comply with these requirements. This might be the case even if you would not otherwise have been directly subject to
withholding. Accordingly, you should consult your bank or broker about the likelihood that payments to it (for credit to you) will
become subject to withholding in the payment chain.
The withholding tax described above could currently apply to all interest (including original issue discount) and other periodic
payments made on the notes. In addition, the withholding tax described above could apply to payments made upon the sale,
exchange or maturity of the notes on or after January 1, 2017.
We will not pay any additional amounts in respect of this withholding tax, so if this withholding applies, you will receive
significantly less than the amount that you would have otherwise received with respect to your notes. Depending on your

S-8
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circumstances, you may be entitled to a refund or credit in respect of some or all of this withholding. However, even if you are
entitled to have any such withholding refunded, the required procedures could be cumbersome and significantly delay your receipt
of any withheld amounts. For more information, see "Supplemental Discussion of Federal Income Tax Consequences -- Foreign
Account Tax Compliance Act (FATCA) Withholding" on page S-15 of this prospectus supplement.
In addition, your notes may also be subject to other U.S. withholding tax as described in "United States Taxation" in the
accompanying prospectus.

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U SE OF PROCEEDS
We will use the net proceeds we receive from the sale of the offered notes for the purposes we describe in the accompanying
prospectus under "Use of Proceeds".
H EDGI N G
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Prospectus Supplement No. 3092 dated August 26, 2014
In anticipation of the sale of the offered notes, we and/or our affiliates have entered into or expect to enter into hedging
transactions involving purchases of instruments linked to the 3-month USD LIBOR rate. In addition, from time to time, we and/or
our affiliates expect to enter into additional hedging transactions and to unwind those we have entered into, in connection with the
offered notes and perhaps in connection with other notes we issue, some of which may have returns linked to the 3-month USD
LIBOR rate. Consequently, with regard to your notes, from time to time, we and/or our affiliates:

·
expect to acquire or dispose of positions in over-the-counter options, futures or other instruments linked to the 3-

month USD LIBOR rate, and/or

·
may take short positions in securities of the kind described above -- i.e., we and/or our affiliates may sell securities

of the kind that we do not own or that we borrow for delivery to purchaser, and/or

·
may take or dispose of positions in interest rate swaps, options swaps and treasury bonds.
We and/or our affiliates may also acquire a long or short position in securities similar to your notes from time to time and may,
in our or their sole discretion, hold or resell those securities.
In the future, we and/or our affiliates expect to close out hedge positions relating to the offered notes and perhaps relating to
other notes with returns linked to the 3-month USD LIBOR rate. These steps may also involve sales and/or purchases of some or
all of the listed or over-the-counter options, futures or other instruments linked to the 3-month USD LIBOR.

The hedging activity discussed above may adversely affect the market value of your notes from time to time and the amount
we will pay on your notes. See "Additional Risk Factors Specific to Your Notes" above for a discussion of these adverse effects.

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H I ST ORI CAL 3 -M ON T H U SD LI BOR RAT ES
The level of the 3-month USD LIBOR rate has fluctuated in the past and may, in the future, experience significant
fluctuations. Any historical upward or downward trend in the level of the 3-month USD LIBOR rate during the period shown below
is not an indication that the 3-month USD LIBOR rate is more or less likely to increase or decrease at any time during the floating
rate interest periods. See "Additional Risk Factors Specific to Your Notes -- Increased Regulatory Oversight and Changes in the
Method Pursuant to Which the LIBOR Rates Are Determined May Adversely Affect the Value of Your Notes" for more information
about the 3-month USD LIBOR.
Y ou should not t a k e t he hist oric a l le ve l of t he 3 -m ont h U SD LI BOR ra t e a s a n indic a t ion of fut ure le ve ls
of t he 3 -m ont h U SD LI BOR ra t e s. We cannot give you any assurance that the future levels of the 3-month USD LIBOR rate
will result in your receiving a return on your notes that is greater than the return you would have realized if you invested in a debt
security of comparable maturity that bears interest at a prevailing market rate and is not subject to a maximum interest rate.
In light of current market conditions, the trends reflected in the historical levels of the 3-month USD LIBOR rate may be less
likely to be indicative of the levels of the 3-month USD LIBOR rate during the floating rate interest periods.
Neither we nor any of our affiliates make any representation to you as to the performance of the 3-month USD LIBOR. The
actual levels of the 3-month USD LIBOR rate during the floating rate interest periods may bear little relation to the historical levels
of the 3-month USD LIBOR rate shown below.
The graph below shows the daily historical last levels of the 3-month USD LIBOR rate from August 26, 2004 through
August 26, 2014. We obtained the last levels in the graph below from Reuters, without independent verification.

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Prospectus Supplement No. 3092 dated August 26, 2014

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SU PPLEM EN T AL DI SCU SSI ON OF FEDERAL I N COM E T AX CON SEQU EN CES
The following section supplements the discussion of U.S. federal income taxation in the accompanying prospectus.
The following section is the opinion of Sidley Austin LLP, counsel to The Goldman Sachs Group, Inc. It applies to you only if
you hold your notes as a capital asset for tax purposes. This section does not apply to you if you are a member of a class of
holders subject to special rules, such as:

· a dealer in securities or currencies;

· a trader in securities that elects to use a mark-to-market method of accounting for your securities holdings;

· a bank;

· a life insurance company;

· a tax-exempt organization;

· a partnership;

· a person that owns the notes as a hedge or that is hedged against interest rate risks;

· a person that owns the notes as part of a straddle or conversion transaction for tax purposes; or

· a United States holder whose functional currency for tax purposes is not the U.S. dollar.
This section is based on the U.S. Internal Revenue Code of 1986, as amended, its legislative history, existing and proposed
regulations under the Internal Revenue Code, published rulings and court decisions, all as currently in effect. These laws are
subject to change, possibly on a retroactive basis.

You should consult your tax advisor concerning the U.S. federal income tax, and other tax consequences of your investment
in the notes, including the application of state, local or other tax laws and the possible effects of changes in federal or other tax
laws.

U nit e d St a t e s H olde rs
This subsection describes the tax consequences to a United States holder. You are a United States holder if you are a
beneficial owner of notes and you are:

· a citizen or resident of the United States;

· a domestic corporation;

· an estate whose income is subject to U.S. federal income tax regardless of its source; or

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