Obligation Goldman & Sachs 4.3% ( US38143CGE57 ) en USD

Goldman & Sachs

93.167 % ▲

Etas-Unis

US38143CGE57 ( en USD )

4.3% par an ( paiement semestriel )

15/05/2036

Prospectus brochure de l'obligation Goldman Sachs US38143CGE57 en USD 4.3%, échéance 15/05/2036

1 000 USD

9 215 000 USD

38143CGE5

BBB+ ( Qualité moyenne inférieure )

A2 ( Qualité moyenne supérieure )

15/11/2025 ( Dans 119 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.

Une opportunité d'investissement notable se présente sur le marché obligataire avec une obligation de type corporate émise par Goldman Sachs, un acteur majeur de la finance mondiale reconnu pour ses activités de banque d'investissement, de gestion d'actifs et de valeurs mobilières à l'échelle internationale. Cette émission, identifiée par le code ISIN US38143CGE57 et le code CUSIP 38143CGE5, est libellée en USD et a été émise aux États-Unis. Elle offre un taux d'intérêt nominal de 4.3%, avec une fréquence de paiement semi-annuelle (2 paiements par an), et arrivera à maturité le 15 mai 2036. Actuellement, son prix sur le marché s'établit à 93.167% de sa valeur nominale. La taille totale de l'émission s'élève à 9 215 000 USD, avec une taille minimale à l'achat fixée à 1 000 USD. En termes de qualité de crédit, cette obligation bénéficie d'une notation 'BBB+' par Standard & Poor's (S&P) et 'A2' par Moody's, la positionnant ainsi dans la catégorie "investment grade" et témoignant de la solidité financière de l'émetteur.

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
424B2 1 d728557d424b2.htm PRICING SUPPLEMENT NOS. 2894 AND 2895 DATED MAY 19, 2014
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-176914

Fixed Rate Notes
$11,071,000

We wil pay you interest on each tranche of notes on a monthly basis on the 15th of each month. The first such payment
wil be made on June 15, 2014. The interest rate per annum and stated maturity date are set forth in the table below.
If requested, we wil redeem the notes prior to their stated maturity date upon the death of a beneficial owner who has
owned the notes for at least six months. We call this feature the survivor's option. The survivor's option is subject to a
limit of $250,000 on the permitted principal amount exercisable by the estate of the deceased beneficial owner in any
calendar year and to a limit of two percent of the principal amount of all outstanding notes of a tranche offered by this
pricing supplement in any calendar year. We may waive those limits in our discretion. Any notes accepted for repayment
through the exercise of the survivor's option wil be repaid on the earlier of the June 15th or December 15th interest
payment date that occurs 60 or more calendar days after the date of acceptance.
A valid redemption request requires the representative of the deceased beneficial owner to provide the information
described on pages PS-5 and PS-6 to the Trustee, together with a properly completed redemption request in the form of
Appendix A to this pricing supplement. See "Additional Information About the Notes Survivor's Option to Request
Repayment" on page PS-4 for more information.

Proceeds, before

Initial Price to Public

Underwriting Discount

expenses, to Issuer
Title of Note:

Per Note

Total

Per Note

Total

Per Note

Total
3.75% Notes due 2026
100.000%
$1,856,000.00
2.475%
$45,936.00
97.525%
$1,810,064.00
4.30% Notes due 2036
100.000%
$9,215,000.00
3.875%
$357,081.25
96.125%
$8,857,918.75
The initial price to public set forth above does not include accrued interest, if any. Interest on the notes wil accrue from
the Original Issue Date and must be paid by the purchaser if the notes are delivered after the Original Issue Date.
In addition to offers and sales at the initial price to public, the notes may be offered and sold from time to time by the
underwriters in one or more transactions at market prices prevailing at the time of sale, at prices related to market
prices or at negotiated prices.
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 pricing 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.
Goldman Sachs may use this pricing supplement, the accompanying prospectus supplement and the accompanying
prospectus in the initial sale of the notes. In addition, Goldman, Sachs & Co. or any other affiliate of Goldman Sachs
may use this pricing supplement, the accompanying prospectus supplement and the accompanying 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 pricing supplement, the accompanying prospectus
supplement and the accompanying prospectus are being used in a market-making transaction.

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014.
1 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
About Your Notes
The notes are part of the Medium-Term Notes, Series D program of The Goldman Sachs Group, Inc. This pricing
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 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.
2 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
SPECIFIC TERMS OF THE NOTES

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 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 nos. 2894 and 2895, dated May 19, 2014 (pricing supplement) and the accompanying
prospectus dated September 19, 2011 (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 19, 2011 (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.
Each tranche of notes is a separate tranche of our debt securities under our Medium-Term Notes, Series D program
governed by our Senior Debt Indenture, dated as of July 16, 2008 (2008 Indenture), between us and The Bank of New
York Mel on, as trustee (Trustee). This pricing supplement summarizes specific terms that wil 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 control ing.
Terms of the Fixed Rate Notes
Issuer: The Goldman Sachs Group, Inc.
Specified currency: U.S. dol ars ("$")
Type of Notes: Fixed rate notes (notes)
Interest Rate: As set forth in the table below
Maturity Date: As set forth in the table below

Title of Note:

Interest Rate
Maturity Date
Principal Amount
MTND Number
CUSIP
3.75% Notes due 2026
3.75%
May 15, 2026
$1,856,000
2894

38143CGD7
4.30% Notes due 2036
4.30%
May 15, 2036
$9,215,000
2895

38143CGE5
Denominations: $1,000 and integral multiples of $1,000
Trade date: May 19, 2014 in respect of all notes
Original issue date: May 22, 2014 in respect of all notes
Original issue discount (OID): not applicable
Interest payment dates: the 15th of each month, commencing on June 15, 2014 subject to adjustment under the
applicable business day convention specified below
Regular record dates: for interest due on an interest payment date, the day immediately prior to the day on which
payment is to be made (as such payment date may be adjusted under the applicable business day convention specified
below)
Day count convention: 30/360 (ISDA)
Business day: New York
Business day convention: fol owing unadjusted
3 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Redemption at option of issuer before stated maturity: not applicable
Survivor's option to request repayment: the notes are subject to repayment prior to the stated maturity upon the
death of a beneficial owner who owned the notes for at least six months, if requested,

PS-2
4 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
subject to certain limitations, as described under "Additional Information About the Notes Survivor's Option to Request
Repayment"
Listing: None
ERISA: as described under "Employee Retirement Income Security Act" on page 138 of the accompanying prospectus
Form of notes: Your notes wil be issued in book-entry form and represented by a master global note.
You should read the section "Legal Ownership and Book-Entry Issuance" in the accompanying prospectus for more
information about notes issued in book-entry form
Defeasance applies as follows:

·
ful defeasance -- i.e. , our right to be relieved of al our obligations on the note by placing funds in trust for the
holder: yes

·
covenant defeasance -- i.e. , our right to be relieved of specified provisions of the note by placing funds in trust for
the holder: yes
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.

PS-3
5 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
ADDITIONAL INFORMATION ABOUT THE NOTES
Book-Entry System
We wil issue each tranche of notes as a master global note registered in the name of DTC, or its nominee. The sale of
the notes wil settle in immediately available funds through DTC. You wil not be permitted to withdraw the notes from
DTC except in the limited situations described in the accompanying prospectus under "Legal Ownership and Book-Entry
Issuance -- What Is a Global Security? -- Holder's Option to Obtain a Non-Global Security; Special Situations When a
Global Security Wil Be Terminated". Investors may hold interests in a master global note through organizations that
participate, directly or indirectly, in the DTC system.
In addition to this pricing supplement, the fol owing provisions are hereby incorporated into the global master note: the
description of the 30/360 (ISDA) day count convention appearing under "Description of Notes We May Offer Interest
Rates Fixed Rate Notes" in the accompanying prospectus supplement, the description of New York business day
appearing under "Description of Debt Securities We May Offer Payment Mechanics for Debt Securities Business
Days" in the accompanying prospectus, the description of the fol owing unadjusted business day convention appearing
under "Description of Debt Securities We May Offer Payment Mechanics for 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.
Survivor's Option to Request Repayment
Fol owing the death of the beneficial owner of a note, so long as that note was owned by that beneficial owner or the
estate of that beneficial owner for at least six months prior to the request, if requested by the authorized representative
of the beneficial owner of that note (subject to the limitations described below), we agree to redeem any notes prior to
the stated maturity unless the notes:

·
have been previously redeemed or otherwise repaid, or

·
have been declared due and payable before their stated maturity by reason of an event of default under the 2008
Indenture, as more ful y described in the accompanying prospectus under "Description of Debt Securities We May
Offer -- Default, Remedies and Waiver of Default".
Upon the valid exercise of the option to request repayment described in the preceding paragraph (Survivor's Option) and
the proper tender of that note for repayment (subject to the limitations described below), we wil redeem that note, in
whole or in part (but in amounts of not less than $1,000), at a price equal to 100% of the principal amount of the note
plus any unpaid interest accrued to (but excluding) the date of repayment.
Incapital LLC has advised that it intends to make a market in the notes. Depending on market conditions, including
changes in interest rates, and our creditworthiness, the value of the notes may be greater than their principal amount
plus any unpaid interest accrued. Accordingly, the authorized representative should contact Incapital LLC to
determine the market price of the notes and should otherwise carefully consider whether to sell the notes to
Incapital LLC or another market participant rather than redeeming the notes at the principal amount plus
accrued interest pursuant to a request for redemption.
To be valid, the Survivor's Option must be exercised by or on behalf of the person who has:

·
authority to act on behalf of the deceased beneficial owner of the note, including, without limitation, the personal
representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased
beneficial owner, under the laws of the applicable jurisdiction, and

·
the right to sel , transfer or otherwise dispose of an interest in a note and the right to receive the proceeds from the
note, as wel as the principal and interest payable to the holder of the note.
The fol owing wil be deemed the death of a beneficial owner of a note, and the entire principal amount of the note so
held wil be subject to redemption by us upon request (with the limitations described below):

·
death of a person holding a beneficial ownership interest in a note as a joint tenant or tenant by the entirety with
another person, a tenant in common with the deceased holder's spouse or a tenant in common with a person other
than such deceased person's spouse;
6 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...

PS-4
7 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
·
death of a person who at the time of his or her death was a beneficiary of a revocable or irrevocable trust that
holds a beneficial ownership interest in a note may, in the discretion of the Trustee, be deemed the death of a
beneficial owner of that note, if such beneficial trust interest can be established to the satisfaction of us and the
Trustee; and

·
death of a person who, at the time of his or her death, was entitled to substantial y all of the beneficial ownership
interests in a note regardless of whether that beneficial owner was the registered holder of that note, if entitlement
to those interests can be established to the satisfaction of us and the Trustee.
In addition, a beneficial ownership interest wil be deemed to exist:

·
in typical cases of nominee ownership, ownership under the Uniform Transfers to Minors Act or Uniform Gifts to
Minors Act, community property or other joint ownership arrangements between a husband and wife; and

·
in custodial and trust arrangements where one person has all of the beneficial ownership interests in the applicable
note at the time of his or her death.
We have the discretionary right to limit the aggregate principal amount of notes as to which exercises of the Survivor's
Option shal be accepted by us from authorized representatives:

·
of all deceased beneficial owners in any calendar year to an amount equal to 2% of the principal amount of al
outstanding notes offered of a tranche as of the end of the most recent calendar year (two percent aggregate
limitation); and

·
of any individual deceased beneficial owner of notes to $250,000 in any calendar year ($250,000 limitation).
In addition, we wil not permit the exercise of the Survivor's Option except in principal amounts of $1,000 and integral
multiples of $1,000 in excess thereof.
We may, at our option and pursuant to the exercise of the Survivor's Option, redeem interests of any deceased
beneficial owner in the notes of a tranche in any calendar year in excess of the $250,000 limitation. Any optional
redemption by us of this kind, to the extent it exceeds the $250,000 limitation for any deceased beneficial owner, wil not
be included in the computation of the two percent aggregate limitation for redemption of the notes of a tranche for that or
any other calendar year.
We may also, at our option and pursuant to the exercise of the Survivor's Option, redeem interests of deceased
beneficial owners in the notes of a tranche in any calendar year in an aggregate principal amount exceeding the two
percent aggregate limitation. Any optional redemption by us of this kind, to the extent it exceeds the two percent
aggregate limitation, wil not be considered in calculating the two percent aggregate limitation for any other calendar
year.
Furthermore, any optional redemption with respect to a deceased beneficial owner's interest in the notes is inapplicable
with respect to any other deceased beneficial owner's interest in the notes. In other words, we may waive any
applicable limitations with respect to a deceased beneficial owner but not make the same or similar waivers with respect
to other deceased beneficial owners.
Each election to exercise the Survivor's Option wil be accepted in the order that elections are received by the Trustee,
except for any note the acceptance of which would contravene either the two percent aggregate limitation or the
$250,000 limitation. Upon any determination by us to redeem notes in excess of the $250,000 limitation or the two
percent aggregate limitation, notes wil be redeemed in the order of receipt of redemption requests by the Trustee. Each
tendered note that is not accepted in any calendar year due to the application of either the two percent aggregate
limitation or the $250,000 limitation wil be deemed to be tendered in the fol owing calendar year in the order in which al
such notes were original y tendered.
Notes accepted for repayment through the exercise of the Survivor's Option wil be redeemed on the earlier of the
June 15th or December 15th interest payment date that occurs 60 or more calendar days after the date of the
acceptance. For example, if the acceptance date of a note tendered through a valid exercise of the Survivor's Option is
December 1, 2014, and interest on that note is paid monthly on the 15th of every month, we would normally, at our
option, repay that note on the interest payment date occurring on June 15, 2015, because the December 15, 2014
interest payment date would occur less than 60 days from the date of acceptance. Any redemption request may be
8 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
withdrawn by the person(s)

PS-5
9 of 18
5/22/2014 9:49 AM

Pricing Supplement Nos. 2894 and 2895 dated May 19, 2014
http://www.sec.gov/Archives/edgar/data/886982/000119312514208129/...
Table of Contents
presenting the request upon delivery of a written request for withdrawal given by the participant on behalf of the
person(s) to the Trustee not less than 30 days before the redemption date. If a note tendered through a valid exercise of
the Survivor's Option is not accepted, the Trustee wil deliver a notice by first-class mail to the participant through whom
the note was tendered that states the reason that note has not been accepted for redemption.
With respect to notes represented by a master global note (such as these notes), DTC or its nominee is the depositary
and is treated as the holder of the notes and the institution that has an account with the depositary of the notes is
referred to as the "participant".
To obtain redemption pursuant to exercise of the Survivor's Option for a note, the deceased beneficial owner's
authorized representative must provide the fol owing items to the participant in DTC through which the beneficial interest
in the note is held by the deceased beneficial owner:

·
a written request for redemption signed by the authorized representative of the deceased beneficial owner with the
signature guaranteed by a member firm of a registered national securities exchange or of the Financial Institution
Regulatory Authority, Inc. (FINRA) or a commercial bank or trust company having an office or correspondent in the
United States and a written instruction to notify the Trustee of the authorized representative's desire to obtain
redemption pursuant to exercise of the Survivor's Option;

·
appropriate evidence satisfactory to us and the Trustee:

(a) that the deceased was the beneficial owner of the note at the time of death and his or her interest in the note

was owned by the deceased beneficial owner or his or her estate for at least six months prior to the request
for redemption,

(b) that the death of the beneficial owner has occurred,

(c) of the date of death of the beneficial owner, and

(d) that the representative has authority to act on behalf of the beneficial owner;

·
if applicable, a properly executed assignment or endorsement;

·
tax waivers and any other instruments or documents that we or the Trustee reasonably require in order to establish
the validity of the beneficial ownership of the note and the claimant's entitlement to payment;

·
any additional information we or the Trustee reasonably require to evidence satisfaction of any conditions to the
exercise of the Survivor's Option or to document beneficial ownership or authority to make the election and to cause
the redemption of the note; and

·
if the interest in the note is held by a nominee of the deceased beneficial owner, a certificate satisfactory to us and
the Trustee from the nominee attesting to the deceased's beneficial ownership of such note.
After the representative provides the information to the participant, the participant wil then deliver each of these items to
the Trustee, and to Goldman, Sachs & Co. in its capacity as administrator of the Survivor's Option on our behalf,
together with evidence satisfactory to us and the Trustee from the participant stating that it represents the deceased
beneficial owner. The participant wil then need to deliver to the Trustee a request for redemption substantial y in the
form attached as Appendix A to this pricing supplement.
Al questions regarding the eligibility or validity of any exercise of the Survivor's Option wil be determined by us, in our
sole discretion, which determination wil be final and binding on all parties.
Subject to arrangements with the depositary, payment for interests in the notes to be redeemed wil be made to the
depositary in the aggregate principal amount specified in the redemption requests submitted to the Trustee by the
depositary that are to be fulfil ed in connection with the payment upon presentation of the notes to the Trustee for
redemption.
Additional redemption request forms for the exercise of the Survivor's Option may be obtained from the Trustee at The
Bank of New York Mel on at 2001 Bryan Street, 9th Floor, Dal as, TX 75201, Attention: Survivor Options Processing,
telephone: (800) 254-2826, fax: (241) 468-6405.
10 of 18
5/22/2014 9:49 AM