Obligation Goldman Sachs 3.75% ( US38147QX433 ) en USD

Goldman Sachs

97.177 % ⇌

Etas-Unis

US38147QX433 ( en USD )

3.75% par an ( paiement semestriel )

25/03/2031

Prospectus brochure de l'obligation Goldman Sachs US38147QX433 en USD 3.75%, échéance 25/03/2031

1 000 USD

38147QX43

N/A

25/03/2025 ( Dans 30 jours )

Goldman Sachs est une banque d'investissement multinationale américaine offrant des services financiers tels que la banque d'investissement, la gestion d'actifs, la gestion de patrimoine et la vente et négociation de titres.

L'Obligation émise par Goldman Sachs ( Etas-Unis ) , en USD, avec le code ISIN US38147QX433, paye un coupon de 3.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 25/03/2031

Pricing Supplement No. 3619 dated March 20, 2015
424B2 1 d896584d424b2.htm PRICING SUPPLEMENT NO. 3619 DATED MARCH 20, 2015
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-198735

$489,000

T he Goldm a n Sa c hs Group, I nc .
Callable Fixed Rate Notes due 2031

We will pay you interest semi-annually on your notes at a rate of 3.75% per annum from and including March 25, 2015 to but
excluding the stated maturity date (March 25, 2031). Interest will be paid on each March 25 and September 25. The first such payment
will be made on September 25, 2015.
I n a ddit ion, w e m a y re de e m t he not e s a t our opt ion, in w hole but not in pa rt , on e a c h M a rc h 2 5 , J une 2 5 ,
Se pt e m be r 2 5 a nd De c e m be r 2 5 on or a ft e r M a rc h 2 5 , 2 0 1 6 , upon five busine ss da ys' prior not ic e , a t a
re de m pt ion pric e e qua l t o 1 0 0 % of t he out st a nding princ ipa l a m ount plus a c c rue d a nd unpa id int e re st t o but
e x c luding t he re de m pt ion da t e .
T he not e s a re not subje c t t o a survivor's opt ion t o re que st re pa ym e nt prior t o t he st a t e d m a t urit y da t e
upon t he de a t h of a be ne fic ia l ow ne r.

Per Note
Total

Initial price to public

100.00%
$
489,000
Underwriting discount

3.15%
$ 15,403.50
Proceeds, before expenses, to The Goldman Sachs Group, Inc.

96.85%
$473,596.50

The initial price to public set forth above does not include accrued interest, if any. Interest on the notes will accrue from
March 25, 2015 and must be paid by the purchaser if the notes are delivered after March 25, 2015. In addition to offers and sales at
the initial price to public, the underwriters may offer the notes from time to time for sale in one or more transactions at market prices
prevailing at the time of sale, at prices related to market prices or at negotiated prices.
The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for such
notes.
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 .

Goldman Sachs may use this prospectus in the initial sale of the notes. In addition, Goldman, Sachs & Co. or any other affiliate of
Goldman Sachs may use this prospectus in a market-making transaction in the notes after their 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.

Goldm a n, Sa c hs & Co.
I nc a pit a l LLC

Pricing Supplement No. 3619 dated March 20, 2015.
Table of Contents
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
pricing supplement and the accompanying documents listed below. This pricing supplement constitutes a supplement to the
documents listed below and should be read in conjunction with such documents:
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Pricing Supplement No. 3619 dated March 20, 2015

· Prospectus supplement dated September 15, 2014

· Prospectus dated September 15, 2014
The information in this pricing 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 T H E N OT ES

Please note that in this section entitled "Specific Terms of the Notes", references to "The Goldman Sachs Group, Inc.", "we", "our"
and "us" mean only The Goldman Sachs Group, Inc. and do not include any of its consolidated subsidiaries. Also, in this section,
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".
This pricing supplement no. 3619 dated March 20, 2015 (pricing supplement) and the accompanying prospectus dated September
15, 2014 (accompanying prospectus), relating to the notes, should be read together. Because the notes are part of a series of our debt
securities called Medium-Term Notes, Series D, this pricing supplement and the accompanying prospectus should also be read with
the accompanying prospectus supplement, dated September 15, 2014 (accompanying prospectus supplement). Terms used but not
defined in this pricing supplement have the meanings given them in the accompanying prospectus or accompanying prospectus
supplement, unless the context requires otherwise.
The notes are part of a separate series of our debt securities under our Medium-Term Notes, Series D program governed by our
Senior Debt Indenture, dated as of July 16, 2008, between us and The Bank of New York Mellon, as trustee. This pricing supplement
summarizes specific terms that will apply to your notes. The terms of the notes described here supplement those described in the
accompanying prospectus supplement and accompanying prospectus and, if the terms described here are inconsistent with those
described there, the terms described here are controlling.
T e rm s of t he Ca lla ble Fix e d Ra t e N ot e s due 2 0 3 1

I ssue r: The Goldman Sachs Group, Inc.
I nt e re st pa ym e nt da t e s: March 25 and September 25 of
Princ ipa l a m ount : $489,000
each year, commencing on September 25, 2015 and ending on
the stated maturity date
Spe c ifie d c urre nc y: U.S. dollars ($)
Re gula r re c ord da t e s: for interest due on an interest
T ype of N ot e s: Fixed rate notes (notes)
payment date, the day immediately prior to the day on which
De nom ina t ions: $1,000 and integral multiples of $1,000 in
payment is to be made (as such payment day may be adjusted
excess thereof
under the applicable business day convention specified below)
T ra de da t e : March 20, 2015
Da y c ount c onve nt ion: 30/360
Origina l issue da t e : March 25, 2015
Busine ss da y: New York
St a t e d m a t urit y da t e : March 25, 2031
Busine ss da y c onve nt ion: following unadjusted
I nt e re st ra t e : 3.75% per annum
Re de m pt ion a t opt ion of issue r be fore st a t e d
m a t urit y: We may redeem the notes at our option, in whole
Supple m e nt a l disc ussion of U .S. fe de ra l inc om e t a x
but not in part, on each March 25, June 25, September 25 and
c onse que nc e s: It is the opinion of Sidley Austin LLP that
December 25 on or after March 25, 2016, upon five business
interest on a note will be taxable to a U.S. holder as ordinary
days' prior notice, at a redemption price equal to 100% of the
interest income at the time it accrues or is received in
outstanding principal amount plus accrued and unpaid interest to
accordance with the U.S. holder's normal method of accounting
but excluding the redemption date
for tax purposes (regardless of whether we call the notes). Upon
the disposition of a note by sale, exchange, redemption or
N o survivor's opt ion: the notes are not subject to repayment
retirement (i.e., if we exercise our right to call the notes or
prior to the stated maturity upon the death of a beneficial owner
otherwise) or other disposition, a U.S. holder will generally
List ing: None
recognize capital gain or loss equal to the difference, if any,
ERI SA: as described under "Employee Retirement Income
between (i) the amount realized on the disposition (other than
Security Act" on page 118 of the accompanying prospectus
amounts attributable to accrued but unpaid interest, which would
be treated as such) and (ii) the U.S. holder's adjusted tax basis
in the note.

PS-2
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Pricing Supplement No. 3619 dated March 20, 2015
Table of Contents
CU SI P no.: 38147QX43
FDI C: The notes are not bank deposits and are not insured by
I SI N no.: US38147QX433
the Federal Deposit Insurance Corporation or any other
governmental agency, nor are they obligations of, or guaranteed
Form of not e s: Your notes will be issued in book-entry form
by, a bank
and represented by a master global note. You should read the
section "Legal Ownership and Book-Entry Issuance" in the
Ca lc ula t ion Age nt : Goldman, Sachs & Co.
accompanying prospectus for more information about notes
Fore ign Ac c ount T a x Com plia nc e Ac t (FAT CA)
issued in book-entry form
Wit hholding M a y Apply t o Pa ym e nt s on Y our N ot e s,
De fe a sa nc e a pplie s a s follow 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
·
full defeasance -- i.e., our right to be relieved of all our
I nform a t ion t o T a x Aut horit ie s:
obligations on the note by placing funds in trust for the
Please see the discussion under "United States Taxation --
holder: yes

Taxation of Debt Securities -- Foreign Account Tax Compliance
·
covenant defeasance -- i.e., our right to be relieved of
Act (FATCA) Withholding" in the accompanying prospectus for a
specified provisions of the note by placing funds in trust for
description of the applicability of FATCA to payments made on
the holder: yes
your notes.

PS-3
Table of Contents
ADDI T I ON AL I N FORM AT I ON ABOU T T H E N OT ES
Book-Entry System
We will issue the notes as a master global note registered in the name of DTC, or its nominee. The sale of the notes will settle in
immediately available funds through DTC. You will 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 Will Be Terminated". Investors may hold
interests in a master global note through organizations that participate, directly or indirectly, in the DTC system.
In addition to this pricing supplement, the following provisions are hereby incorporated into the global master note: the description
of the 30/360 day count convention appearing under "Description of Debt Securities We May Offer -- Calculations of Interest on Debt
Securities -- Interest Rates and Interest" in the accompanying prospectus, the description of New York business day appearing under
"Description of Debt Securities We May Offer -- Calculations of Interest on Debt Securities -- Business Days" in the accompanying
prospectus, the description of the following unadjusted business day convention appearing under "Description of Debt Securities We
May Offer -- Calculations of Interest on Debt Securities -- Business Day Conventions" in the accompanying prospectus and the
section "Description of Debt Securities We May Offer -- Defeasance and Covenant Defeasance" in the accompanying prospectus.
When We Can Redeem the Notes
We will be permitted to redeem the notes at our option before their stated maturity, as described below. The notes will not be
entitled to the benefit of any sinking fund that is, we will not deposit money on a regular basis into any separate custodial account to
repay your note. In addition, you will not be entitled to require us to buy your note from you before its stated maturity.
We will have the right to redeem the notes at our option, in whole but not in part, on each March 25, June 25, September 25 and
December 25 on or after March 25, 2016, at a redemption price equal to 100% of the outstanding principal amount plus accrued and
unpaid interest to but excluding the redemption date. We will provide not less than five business days' prior notice in the manner
described under "Description of Debt Securities We May Offer -- Notices" in the attached prospectus. If the redemption notice is given
and funds deposited as required, then interest will cease to accrue on and after the redemption date on the notes. If any redemption
date is not a business day, we will pay the redemption price on the next business day without any interest or other payment due to the
delay.
What are the Tax Consequences of the Notes
You should carefully consider, among other things, the matters set forth under "United States Taxation" in the accompanying
prospectus supplement and the accompanying prospectus. The following discussion summarizes certain of the material U.S. federal
income tax consequences of the purchase, beneficial ownership, and disposition of each of the notes. This summary supplements the
section "United States Taxation" in the accompanying prospectus supplement and the accompanying prospectus and is subject to the
limitations and exceptions set forth therein.
Interest on a note will be taxable to a U.S. holder as ordinary interest income at the time it accrues or is received in accordance
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Pricing Supplement No. 3619 dated March 20, 2015
with the U.S. holder's normal method of accounting for tax purposes.

PS-4
Table of Contents
Upon the disposition of a note by sale, exchange, redemption or retirement (i.e., if we exercise our right to call the notes or
otherwise) or other disposition, a U.S. holder will generally recognize capital gain or loss equal to the difference, if any, between (i) the
amount realized on the disposition (other than amounts attributable to accrued but unpaid interest, which would be treated as such)
and (ii) the U.S. holder's adjusted tax basis in the note. A U.S. holder's adjusted tax basis in a note generally will equal the cost of the
note (net of accrued interest) to the U.S. holder. The deductibility of capital losses is subject to significant limitations.
Foreign Account Tax Compliance Act (FATCA) Withholding. Pursuant to Treasury regulations, Foreign Account Tax Compliance
Act (FATCA) withholding (as described in "United States Taxation -- Taxation of Debt Securities -- Foreign Account Tax Compliance
Act (FATCA) Withholding" in the accompanying prospectus) will generally apply to obligations that are issued on or after July 1, 2014;
therefore, the notes will generally be subject to FATCA withholding. However, according to final Treasury regulations, the withholding
tax described above will not apply to payments of gross proceeds from the sale, exchange, redemption or other disposition of the notes
made before January 1, 2017.

PS-5
Table of Contents
SU PPLEM EN T AL PLAN OF DI ST RI BU T I ON
The Goldman Sachs Group, Inc. and the underwriters for this offering named below have entered into a distribution agreement
with respect to the notes. Subject to certain conditions, each underwriter named below has severally agreed to purchase the principal
amount of notes indicated in the following table.

Princ ipa l Am ount
U nde rw rit e rs

of N ot e s

Goldman, Sachs & Co.

$
244,500
Incapital LLC

244,500

Total

$
489,000

Notes sold by the underwriters to the public will initially be offered at the initial price to public set forth on the cover of this pricing
supplement. The underwriters intend to purchase the notes from The Goldman Sachs Group, Inc. at a purchase price equal to the
initial price to public less a discount of 3.15% of the principal amount of the notes. Any notes sold by the underwriters to securities
dealers may be sold at a discount from the initial price to public of up to 2.60% of the principal amount of the notes. If all of the offered
notes are not sold at the initial price to public, the underwriters may change the offering price and the other selling terms. In addition to
offers and sales at the initial price to public, the underwriters may offer the notes from time to time for sale in one or more transactions
at market prices prevailing at the time of sale, at prices related to market prices or at negotiated prices.
Please note that the information about the initial 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 by Goldman,
Sachs & Co. or any other affiliate of The Goldman Sachs Group, Inc. after the initial sale, information about the price and date of sale
to you will be provided in a separate confirmation of sale.
Each underwriter has represented and agreed that it will not offer or sell the notes in the United States or to United States
persons except if such offers or sales are made by or through FINRA member broker-dealers registered with the U.S. Securities and
Exchange Commission.
The Goldman Sachs Group, Inc. estimates that its share of the total offering expenses, excluding underwriting discounts and
commissions, whether paid to Goldman, Sachs & Co. or any other underwriter, will be approximately $15,000.
We will deliver the notes against payment therefor in New York, New York on March 25, 2015, which is the third
scheduled business day following the date of this pricing supplement and of the pricing of the notes.
The notes are a new issue of securities with no established trading market. The Goldman Sachs Group, Inc. has been advised by
Goldman, Sachs & Co. and Incapital LLC that they may make a market in the notes. Goldman, Sachs & Co. and Incapital LLC are not
obligated to do so and may discontinue market-making at any time without notice. No assurance can be given as to the liquidity of the
trading market for the notes.
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Pricing Supplement No. 3619 dated March 20, 2015
The Goldman Sachs Group, Inc. has agreed to indemnify the several underwriters against certain liabilities, including liabilities
under the Securities Act of 1933.
Certain of the underwriters and their affiliates have in the past provided, and may in the future from time to time provide,
investment banking and general financing and banking services to The Goldman Sachs Group, Inc. and its affiliates, for which they
have in the past received, and may in the future receive, customary fees. The Goldman Sachs Group, Inc. and its affiliates have in the
past provided, and may in the future from time to time provide, similar services to the underwriters and their affiliates on customary
terms and for customary fees. Goldman, Sachs & Co., one of the underwriters, is an affiliate of The Goldman Sachs Group, Inc. Please
see "Plan of Distribution--Conflicts of Interest" on page 117 of the accompanying prospectus.

PS-6
Table of Contents
V ALI DI T Y OF T H E N OT ES
In the opinion of Sidley Austin LLP, as counsel to The Goldman Sachs Group, Inc., when the notes offered by this pricing
supplement have been executed and issued by The Goldman Sachs Group, Inc. and authenticated by the trustee pursuant to the
indenture, and delivered against payment as contemplated herein, such notes will be valid and binding obligations of The Goldman
Sachs Group, Inc., enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting
creditors' rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation,
concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of
fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is
given as of the date hereof and is limited to the Federal laws of the United States, the laws of the State of New York and the General
Corporation Law of the State of Delaware as in effect on the date hereof. In addition, this opinion is subject to customary assumptions
about the trustee's authorization, execution and delivery of the indenture and the genuineness of signatures and certain factual matters,
all as stated in the letter of such counsel dated September 15, 2014, which has been filed as Exhibit 5.5 to The Goldman Sachs
Group, Inc.'s registration statement on Form S-3 filed with the Securities and Exchange Commission on September 15, 2014.

PS-7
Table of Contents

We have not authorized anyone to provide any information or to make any
representations other than those contained or incorporated by reference in this
pricing supplement, the accompanying prospectus supplement or the accompanying
prospectus. We take no responsibility for, and can provide no assurance as to the
reliability of, any other information that others may give you. This pricing
supplement, the accompanying prospectus supplement and the accompanying
prospectus is an offer to sell only the notes offered hereby, but only under
circumstances and in jurisdictions where it is lawful to do so. The information
contained in this pricing supplement, the accompanying prospectus supplement and
$489,000
the accompanying prospectus is current only as of the respective dates of such
documents.

TABLE OF CONTENTS
T he Goldm a n Sa c hs Group, I nc .
Pricing Supplement

Pa ge
Callable Fixed Rate
Specific Terms of the Notes
PS-2
Additional Information About the Notes
PS-4
Notes due 2031
Supplemental Plan of Distribution
PS-6
Validity of the Notes
PS-7

Prospectus Supplement dated September 15, 2014

Use of Proceeds
S-2
Description of Notes We May Offer
S-3
Considerations Relating to Indexed Notes
S-19
United States Taxation
S-22
Employee Retirement Income Security Act
S-23

Supplemental Plan of Distribution
S-24
Validity of the Notes
S-26
Prospectus dated September 15, 2014

Available Information

2
Prospectus Summary

4
Use of Proceeds

8

Description of Debt Securities We May Offer

9
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Pricing Supplement No. 3619 dated March 20, 2015
Description of Warrants We May Offer

39
Description of Purchase Contracts We May Offer

56
Description of Units We May Offer

61
Description of Preferred Stock We May Offer

67
Description of Capital Stock of The Goldman Sachs Group, Inc.

75
Legal Ownership and Book-Entry Issuance

80
Considerations Relating to Floating Rate Debt Securities

85
Considerations Relating to Indexed Securities

87
Considerations Relating to Securities Denominated or Payable in or
Linked to a Non-U.S. Dollar Currency

88

United States Taxation

91

Plan of Distribution
114
Conflicts of Interest
117
Employee Retirement Income Security Act
118
Validity of the Securities
119
Experts
119
Review of Unaudited Condensed Consolidated Financial Statements by
Independent Registered Public Accounting Firm
120
Cautionary Statement Pursuant to the Private Securities Litigation
Reform Act of 1995
120
Goldm a n, Sa c hs & Co.
I nc a pit a l LLC

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Document Outline

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