Obbligazione Goldman & Sachs 0% ( US38148TD635 ) in USD

Goldman & Sachs

100 USD ▼

Stati Uniti

US38148TD635 ( in USD )

0%

25/09/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Goldman Sachs US38148TD635 in USD 0%, scaduta

1 000 USD

2 176 000 USD

38148TD63

N/A

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.

L'obbligazione con codice ISIN US38148TD635 (e CUSIP 38148TD63), emessa dalla rinomata banca d'investimento globale Goldman Sachs, con sede negli Stati Uniti e una solida valutazione A2 da Moody's, che faceva parte di un'emissione complessiva di 2.176.000 USD, con un taglio minimo di acquisto di 1.000 USD e un tasso d'interesse pari a zero, è giunta a naturale scadenza il 25 settembre 2023 ed è stata regolarmente rimborsata al 100% del suo valore nominale.

424B2 1 a15-16703_46424b2.htm PROSPECTUS SUPPLEMENT NO. 4050 DATED SEPTEMBER18, 2015.
Table of Contents

File d Pursua nt t o Rule 4 2 4 (b)(2 )
Re gist ra t ion St a t e m e nt N o. 3 3 3 -1 9 8 7 3 5

T he Goldm a n Sa c hs Group, I nc .

$2,176,000

GS Momentum Builder® Multi-Asset 5 ER Index-Linked Notes due 2023

T he not e s do not be a r int e re st . The amount that you will be paid on your notes on the stated maturity date (September 25,
2023) is based on the performance of the GS Momentum Builder® Multi-Asset 5 ER Index as measured from the trade date
(September 18, 2015) to and including the determination date (September 18, 2023). The return on your notes will be positive if the
index level on the determination date is greater than the initial level of the index. If the final index level is less than the initial index
level, you will receive the face amount of your notes.

The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange traded funds and a
money market position, which provide exposure to equities, fixed income, emerging markets, alternatives, commodities, inflation,
and cash equivalent asset classes) outperform the sum of 3-month USD LIBOR plus a daily index fee of 0.50% per annum. The
money market position reflects the returns accruing at a rate equal to the federal funds effective rate on a hypothetical investment
in a notional overnight money account denominated in U.S. dollars. The index rebalances monthly (and sometimes daily) from
among the 15 underlying assets. Each month the index is rebalanced by calculating the combination of underlying assets with the
highest return during the prior six months, subject to a (a) limit of 5% on portfolio realized volatility over look-back periods of six
months, three months and one month, and (b) maximum weight for each underlying asset and each asset class. Realized volatility
is the degree of variation in the daily closing prices or levels of the aggregate of the underlying assets over the applicable look-
back period. This results in a portfolio for each of the three look-back periods. The weight of each underlying asset for each
monthly rebalancing will equal the average of the weight, if any, of such underlying asset in the three portfolios. During t he t e rm
of your not e s, a s a re sult of m ont hly re ba la nc ing, t he inde x m a y inc lude a s fe w a s four unde rlying a sse t s
(a s fe w a s t hre e ET Fs) a nd m a y ne ve r inc lude som e of t he unde rlying a sse t s or a sse t c la sse s. Be c a use t he
inde x m e a sure s t he pe rform a nc e of t he se le c t e d unde rlying a sse t s le ss t he sum of 3 -m o-LI BOR plus t he fe e
of 0 .5 0 % pe r a nnum , t he se le c t e d unde rlying a sse t s m ust out pe rform 3 -m o-LI BOR plus t he fe e of 0 .5 0 % pe r
a nnum for t he inde x le ve l t o inc re a se .

On each index business day the realized volatility of the index for the prior month is calculated and, if it exceeds 6%, the index will
be rebalanced for that day (but not for any subsequent index business day) by ratably reallocating a portion of the exposure to the
ETFs in the index to the money market position sufficient to reduce the prior month realized volatility to 6%. As a re sult of a
da ily re ba la nc ing, t he inde x m a y not inc lude a ny ET Fs a nd m a y a lloc a t e it s e nt ire e x posure t o t he m one y
m a rk e t posit ion, t he re t urn on w hic h m ight not e x c e e d 3 -m o-LI BOR. H ist oric a lly, a signific a nt port ion of t he
inde x e x posure ha s be e n t o t he m one y m a rk e t posit ion, t he re t urn on w hic h ha s be e n be low 3 -m o-LI BOR.

To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decrease in the final
index level from the initial index level of 106.30. At maturity, for each $1,000 face amount of your notes you will receive an amount
in cash equal to:

·
if the index return is positive (the final index level is greater than the initial index level), the sum of (i) $1,000 plus (ii) the

product of (a) $1,000 times (b) 3.00 times (c) the index return; or

·
if the index return is zero or negative (the final index level is equal to or less than the initial index level), $1,000.

Y ou should re a d t he a ddit iona l disc losure he re in so t ha t you m a y be t t e r unde rst a nd t he t e rm s a nd risk s of
your inve st m e nt , inc luding, a m ong ot he r t hings, our c re dit risk . Se e pa ge S -1 3 . The estimated value of your
notes at the time the terms of your notes are set on the trade date is equal to approximately $922 per $1,000 face amount.
For a discussion of the estimated value and the price at which Goldman, Sachs & Co. would initially buy or sell your
notes, if it makes a market in the notes, see the following page.

Origina l issue da t e :
September 25, 2015
Origina l issue pric e :
100.00% of the face amount

U nde rw rit ing
3.90% of the face amountI
N e t proc e e ds t o t he
96.10% of the face amount
disc ount :
issue r:

I GS&Co. is paying a marketing fee in connection with the notes. See page S-155.

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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. 4050 dated September 18, 2015.

Table of Contents

The issue price, underwriting discount and net proceeds listed above 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 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 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.

Est im a t e d V a lue of Y our N ot e s

The estimated value of your notes at the time the terms of your notes are set on the trade date (as determined by
reference to pricing models used by Goldman, Sachs & Co. (GS&Co.) and taking into account our credit spreads) is
equal to approximately $922 per $1,000 face amount, which is less than the original issue price. The value of your
notes at any time will reflect many factors and cannot be predicted; 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 is equal to
approximately $957 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 September 18, 2016.

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 15, 2014

·
Prospectus dated September 15, 2014

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

The following is a list of the eligible underlying assets for the index, including the related asset classes, asset class maximum
weights and underlying asset maximum weights. The index is more fully described beginning on page S-42 herein.

ASSET
ASSET
UNDERLYING UNDERLYING
ASSET
ELIGIBLE
CLASS
CLASS
ASSET
ASSET
CLASS
UNDERLYING
TICKER
MINIMUM
MAXIMUM
MINIMUM
MAXIMUM
ASSET
WEIGHT
WEIGHT
WEIGHT
WEIGHT
®
®
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SPDR S&P 500 ETF
SPY
0%
20%
Trust
Equities
0%
50%
iShares® MSCI EAFE ETF
EFA
0%
20%
iShares® MSCI Japan ETF
EWJ
0%
10%
iShares® 20+ Year
TLT
0%
20%
Treasury Bond ETF
iShares® iBoxx
Fixed Income
0%
50%
$ Investment Grade
LQD
0%
20%
Corporate Bond ETF
iShares® iBoxx $ High Yield
HYG
0%
20%
Corporate Bond ETF
iShares® MSCI Emerging
EEM
0%
20%
Markets ETF
Emerging Markets
0%
25%
iShares® J.P. Morgan USD
Emerging Markets Bond
EMB
0%
20%
ETF
iShares® U.S. Real Estate
IYR
0%
20%
ETF
Alternatives
0%
25%
Alerian MLP ETF
AMLP
0%
10%
PowerShares® Senior Loan
BKLN
0%
10%
Portfolio
PowerShares® DB
Commodity Index Tracking
DBC
0%
20%
Commodities
0%
25%
Fund
SPDR® Gold Trust
GLD
0%
20%

Inflation
0%
25%
iShares® TIPS Bond ETF
TIP
0%
25%
Cash Equivalent
0%
50%*
Money Market Position
N/A
0%
50%*

* Wit h re spe c t t o t he m one y m a rk e t posit ion, t he re la t e d a sse t c la ss m a x im um w e ight a nd unde rlying a sse t
m a x im um w e ight lim it a t ions do not a pply t o da ily re ba la nc ing a nd, t he re fore , a s a re sult of da ily
re ba la nc ing, t he inde x m a y a lloc a t e it s e nt ire e x posure t o t he m one y m a rk e t posit ion.

Table of Contents

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S-2
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S-3
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S-7
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SU M M ARY I N FORM AT I ON

We refer to the notes we are offering by this prospectus supplement as the "offered notes" or the "notes". Each of the
offered notes, including your notes, has the terms described below and under "Specific Terms of Your Notes" on page S-36.
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, while references to "Goldman Sachs" mean
The Goldman Sachs Group, Inc., together with its consolidated subsidiaries. Also, references to the "accompanying prospectus"
mean the accompanying prospectus, dated September 15, 2014, as supplemented by the accompanying prospectus
supplement, dated September 15, 2014, in each case relating to the Medium-Term Notes, Series D of The Goldman Sachs
Group, Inc. References to the "indenture" in this prospectus supplement mean the senior debt indenture, dated July 16, 2008,
between The Goldman Sachs Group, Inc. and The Bank of New York Mellon, as trustee.

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K e y T e rm s

I ssue r: The Goldman Sachs Group, Inc.

I nde x : GS Momentum Builder® Multi-Asset 5 ER Index (Bloomberg symbol, "GSMBMA5 Index"), as published by the index
sponsor (including any index calculation agent acting on the index sponsor's behalf); see "The Index" on page S-42. Additional
information about the index, including the index methodology, which may be amended from time to time, is available at the
following website: http://www.solactive.com/indexing-en/indices/complex/. We are not incorporating by reference the website or any
material it includes in this prospectus supplement

I nde x c a lc ula t ion a ge nt : Solactive AG

I nde x sponsor: Goldman, Sachs & Co. ("GS&Co.")

Spe c ifie d c urre nc y: U.S. dollars ("$")

Fa c e a m ount : each note will have a face amount of $1,000; $2,176,000 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

De nom ina t ions: $1,000 or integral multiples of $1,000 in excess thereof

Purc ha se a t a m ount ot he r t ha n fa c e a m ount : the amount we will pay you at the stated maturity date for your notes will
not be adjusted based on the issue price you pay for your notes, so if you acquire notes at a premium (or discount) to face amount
and hold them to the stated maturity date, it could affect your investment in a number of ways. The return on your investment in
such notes will be lower (or higher) than it would have been had you purchased the notes at face amount. See "Additional Risk
Factors Specific to Your Notes -- 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" on page S-15 of this prospectus supplement

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: the notes will be treated as debt instruments
subject to the special rules governing contingent payment debt instruments for U.S. federal income tax purposes. Under this
treatment, it is the opinion of Sidley Austin LLP that if you are a U.S. individual or taxable entity, you generally should be required
to pay taxes on ordinary income from the notes over their term based on the comparable yield for the notes. In addition, any gain
you may recognize on the sale, exchange or maturity of the notes will be taxed as ordinary interest income.

Ca sh se t t le m e nt a m ount (on t he st a t e d m a t urit y da t e ): for each $1,000 face amount of notes, we will pay you on the
stated maturity date an amount in cash equal to:

· if the index return is positive, the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the upside participation rate
times (c) the index return; or

· if the index return is zero or negative, $1,000.

I nit ia l inde x le ve l: 106.30

Fina l inde x le ve l: the closing level of the index on the determination date, except in the limited circumstances described under
"Specific Terms of Your Notes -- Payment of Principal on Stated Maturity Date -- Consequences of a Non-Trading Day" on
page S-37 and subject to adjustment as provided under "Specific Terms of Your Notes -- Payment of Principal on Stated Maturity
Date -- Discontinuance or Modification of the Index" on page S-37

Closing le ve l of t he inde x : the official closing level of the index or any successor index published by the index sponsor
(including any index calculation agent acting on the index sponsor's behalf) on any trading day for the index

S-8
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I nde x re t urn: the quotient of (i) the final index level minus the initial index level divided by (ii) the initial index level, expressed
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Document Outline

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