Obligation Goldman & Sachs 4.75% ( XS0270347304 ) en EUR

Goldman & Sachs

100 % ▼

Etas-Unis

XS0270347304 ( en EUR )

4.75% par an ( paiement annuel )

11/10/2021 - Obligation échue

Prospectus brochure de l'obligation Goldman Sachs XS0270347304 en EUR 4.75%, échue

1 000 EUR

750 000 000 EUR

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'émission obligataire d'un montant total de 750 millions d'euros (ISIN : XS0270347304), lancée par Goldman Sachs, une institution financière mondiale de premier plan basée aux États-Unis et réputée pour ses activités de banque d'investissement, de gestion d'actifs et de négoce, représentait un titre de dette d'une taille unitaire minimale à l'achat de 1 000 euros, libellée en EUR et offrant un taux d'intérêt annuel fixe de 4,75%, dont la fréquence de paiement des coupons était annuelle, et qui, étant arrivée à maturité le 11 octobre 2021, a été intégralement remboursée à 100% de sa valeur nominale à cette date.

The Goldman Sachs Group, Inc.

Debt Securities and Warrants

of

The Goldman Sachs Group, Inc.
--------------
The Goldman Sachs Group, Inc. from time to time may offer to sell debt securities and warrants.
When we use the term Securities in this Luxembourg base prospectus, we refer to the debt securities
and warrants we may offer hereunder.
The Goldman Sachs Group, Inc. may offer and sell the Securities to or through one or more
underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis.
This Luxembourg base prospectus describes some of the general terms that may apply to the
Securities and the general manner in which they may be offered. The specific terms of any Securities to
be offered, and the specific manner in which they may be offered, wil be described in the applicable final
terms.
Application has been made to the Commission de Surveillance du Secteur Financier (the CSSF),
which is the competent Luxembourg authority under the Prospectus Directive for approving this
Luxembourg base prospectus. The CSSF assumes no responsibility as to the economic and financial
soundness of the Securities or the quality or solvency of the Goldman Sachs Group, Inc. in accordance
with Article 7(7) of the Luxembourg Act dated July 10, 2005, which implements the Prospectus Directive.
Application has been made to the Luxembourg Stock Exchange for the Securities to be admitted to
trading on the Luxembourg Stock Exchange's regulated market, which is an EU regulated market within
the meaning of Directive 2004/39/EC, and to be listed on the Official List of the Luxembourg Stock
Exchange. Securities may also be listed on an alternative stock exchange or may not be listed at all.
References to the Prospectus Directive include Directive 2003/71/EC of the European Parliament and of
the Council (and amendments thereto, including Directive 2010/73/EU of the European Parliament and of
the Council, to the extent implemented in the Relevant Member State) and any relevant implementing
measure in each Relevant Member State. The Goldman Sachs Group, Inc. is under no obligation to
maintain the listing of any Securities that are listed. See Listing and General Information below.
This Luxembourg base prospectus constitutes a base prospectus for the purposes of Article 5.4 of the
Prospectus Directive. The Luxembourg base prospectus should be read together with any supplements,
all documents incorporated by reference therein and the applicable final terms.
For a description of risks relating to investing in the Securities please see the section Risk Factors
beginning on page 14. Additional risk factors may be set forth in the applicable final terms. You should
understand these risks before making any investment decision.
This Luxembourg base prospectus is not for use in, and may not be delivered to or inside, the United
States.
The securities we may issue 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 Luxembourg base prospectus in the initial sale of any Security. In
addition, Goldman Sachs International or any other affiliate of Goldman Sachs may use this Luxembourg
base prospectus in a market-making transaction in any Security after its initial sale. Unless Goldman

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Sachs or its agent informs the purchaser otherwise in the confirmation of sale, this Luxembourg
base prospectus is being used in a market-making transaction.
--------------
Goldman Sachs International
--------------
Luxembourg Base Prospectus, dated November 16, 2011

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When we refer to Goldman Sachs and the Goldman Sachs Group in this Luxembourg base
prospectus, we mean The Goldman Sachs Group, Inc., together with its consolidated subsidiaries
and affiliates. Unless the context otherwise requires, references in this Luxembourg base
prospectus to The Goldman Sachs Group, Inc., we, our and us refer only to The Goldman
Sachs Group, Inc. and not to its consolidated subsidiaries. Also, when we refer to holders we
mean, with respect to debt securities in bearer form, those who are actually the bearers of those
debt securities and, with respect to debt securities in registered form, those who own debt
securities registered in their own names, on the books that we or our agents maintain for this
purpose; holders does not refer to those who own beneficial interests in debt securities
registered in street name or in debt securities issued in global, i.e. book-entry form through
Euroclear SA/NV, Clearstream Banking, société anonyme or another depositary.
We have not authorized anyone to provide any information or to make any representations
other than those contained or incorporated by reference in this Luxembourg base prospectus.
Neither this Luxembourg base prospectus nor any final terms constitutes an offer to sell or the
solicitation of an offer to buy any debt securities in any jurisdiction where, or to any person to
whom, it is unlawful to make such offer or solicitation. Neither the delivery of this Luxembourg
base prospectus, any final terms nor any sale made pursuant to those documents, shall, under
any circumstances, create any implication that there has been no change in the affairs of The
Goldman Sachs Group, Inc. since the date of the document or that the information contained
within the documents is correct as of any time subsequent to its date.
The credit ratings of The Goldman Sachs Group, Inc. referred to in the European Base
Prospectus have been issued by DBRS, Inc., Fitch, Inc., Moody's Investors Service, Standard &
Poor's Rating Services, each of which is established in the United States (together, the US
CRAs).
In general, European regulated investors are restricted from using a rating for regulatory
purposes if such rating is not either (1) issued or validly endorsed by a credit rating agency
established in the European Union (an EU CRA) and registered with the European Securities
and Markets authority (ESMA) under Regulation (EU) No. 1060/2009, amended by Regulation
(EU) No 513/2011 (as amended, the CRA Regulation) or (2) issued by a credit rating agency
established outside the European Union which is certified under the CRA Regulation.
The EU affiliates of DBRS, Inc., Fitch, Inc., Moody's Investors Service, Standard & Poor's
Rating Services are registered EU CRAs on the official list, available at
http://www.esma.europa.eu/popup2.php?id=7692. However, as of the date of this supplement, the
ESMA has not yet approved the endorsement by such EU affiliates of credit ratings issued by the
corresponding US CRAs. The ESMA has granted, however, a transitional period until January 31,
2012 (which period may be extended to April 30, 2012 if required), during which credit ratings
issued by the US CRAs may still be used for regulatory purposes in the EU. In addition to the US
CRAs mentioned, Rating and Investment Information, Inc. (R&I) has issued a credit rating. This
information is incorporated in the European Base Prospectus for information purposes only. R&I
is incorporated in a third country but has not applied for the registration under the CRA
Regulation.
--------------------
Responsibility Statement
The Goldman Sachs Group, Inc. accepts responsibility for the information contained in this
Luxembourg base prospectus. To the best of the knowledge and belief of The Goldman Sachs
Group, Inc. (which has taken all reasonable care to ensure that such is the case), the information
contained in this Luxembourg base prospectus is in accordance with the facts and contains no
omission likely to affect the import of such information. Where information contained in this
Luxembourg base prospectus has been sourced from a third party, this information has been
accurately reproduced and so far as The Goldman Sachs Group, Inc. is aware and is able to

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ascertain from information published by that third party, no facts have been omitted which would
render the reproduced information inaccurate or misleading.
--------------------
In relation to Securities admitted to trading on the Luxembourg Stock Exchange's regulated
market and listed on the Official List of the Luxembourg Stock Exchange or publicly offered in
Luxembourg, this Luxembourg base prospectus is valid for a period of twelve months. Goldman
Sachs has undertaken, in connection with the listing of the securities, that if there shall occur any
material adverse change in the financial condition or operations of Goldman Sachs or any
modification or amendment to the terms and conditions of the debt securities such that this
Luxembourg base prospectus would be inaccurate or misleading, Goldman Sachs will prepare
and make available a supplement to this Luxembourg base prospectus for any subsequent issue
of debt securities to be listed on the Official List of the Luxembourg Stock Exchange.
In connection with the issue of any tranche of debt securities, Goldman Sachs International
(or persons acting on its behalf) may over-allot debt securities (provided that, in the case of any
tranche of debt securities to be listed on the Official List of the Luxembourg Stock Exchange, the
aggregate principal amount of debt securities allotted does not exceed 105 per cent of the
aggregate principal amount of the relevant tranche) or effect transactions with a view to
supporting the market price of the debt securities at a level higher than that which might
otherwise prevail. However, there is no assurance that Goldman Sachs International (or persons
acting on its behalf) will undertake stabilization action. Any stabilization action may begin on or
after the date on which adequate public disclosure of the final terms of the offer of the relevant
tranche of debt securities is made and, if begun, may be ended at any time, but it must end no
later than the earlier of 30 days after the issue date of the relevant tranche of debt securities and
60 days after the date of the allotment of the relevant tranche of debt securities. Any stabilization
action or over-allotment must be conducted by Goldman Sachs International (or persons acting
on its behalf) in accordance with all applicable laws and rules.
--------------------
Any insurance company or fiduciary of a pension plan or other employee benefit plan that is
subject to the fiduciary responsibility provisions of the Employee Retirement Income Security Act
of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as amended,
including an IRA or a Keogh plan (or a governmental plan to which similar rules apply), and that is
considering purchasing the debt securities with the assets of the insurance company or the
assets of the plan, should consult with its counsel in light of the representations that a purchaser
or holder in any of the above categories is deemed to make by purchasing and holding the debt
securities. This is discussed in more detail under "Employee Retirement Income Security Act
below.

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Table of Contents
Summary of the Luxembourg Base Prospectus ........................................................................................ 6
Risk Factors ............................................................................................................................................. 14
Documents Incorporated By Reference ................................................................................................... 18
General Description of the Program ........................................................................................................ 23
Listing and General Information ............................................................................................................... 24
Luxembourg Taxation .............................................................................................................................. 26
EU Savings Directive ............................................................................................................................... 27
Forms of Final Terms - Debt Securities ............................................................................................... S1-1
Forms of Final Terms - Warrants ......................................................................................................... S2-1

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SUMMARY OF THE LUXEMBOURG BASE PROSPECTUS
The fol owing is a summary of this Luxembourg base prospectus and should be read as an introduction
to, and in conjunction with, the remainder of this Luxembourg base prospectus, including any supplement
thereto and any documents incorporated by reference therein, and the applicable final terms, and you
should base your investment decision on a consideration of this Luxembourg base prospectus, including
any supplement thereto and any documents incorporated by reference therein, and the applicable final
terms as a whole. No civil liability attaches to us in respect of this summary, including any translation
thereof, unless it is misleading, inaccurate or inconsistent when read together with the remainder of this
Luxembourg base prospectus, including any documents incorporated by reference therein, and the
applicable final terms. Where a claim relating to information contained in the this Luxembourg base
prospectus, any supplement thereto or any documents incorporated by reference therein, or the
applicable final terms is brought before a court in a member state of the European Economic Area, the
plaintiff may, under the legislation of the member state where the claim is brought, be required to bear the
costs of translating these documents before legal proceedings are initiated.

The summary is qualified in its entirety by the remainder of this Luxembourg base prospectus, including
any supplement thereto and any documents incorporated by reference therein, and the applicable final
terms. If there are any differences between your final terms and this Luxembourg base prospectus, your
final terms wil control with regard to your note.

The Issuer
The Goldman Sachs Group, Inc.

Description of Issuer
The Goldman Sachs Group, Inc. is a leading global
investment banking, securities and investment
management firm that provides a wide range of
financial services to a substantial and diversified
client base that includes corporations, financial
institutions, governments and high-net-worth
individuals. Founded in 1869, the firm is
headquartered in New York and maintains offices
in al major financial centers around the world. Our
headquarters are located at 200 West Street, New
York, NY 10282, U.S.A., telephone +1 (212) 902-
1000.

Our activities are conducted in the following
segments:
Investment Banking. Investment Banking is
comprised of:
Financial Advisory, which includes
advisory assignments with respect to
mergers and acquisitions, divestitures,
corporate defense activities, risk
management, restructurings and spin-
offs; and
Underwriting, which includes
public offerings and private
placements of a wide range of

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securities, loans and other financial
instruments, and derivative
transactions directly related to these
client underwriting activities.
Institutional Client Services. Institutional
Client Services is comprised of:
Fixed Income, Currency and
Commodities Client Execution, which
includes client execution activities
related to making markets in interest
rate products, credit products,
mortgages, currencies and
commodities; and
Equities, which includes client
execution activities related to making
markets in equity products, as well as
commissions and fees from executing
and clearing institutional client
transactions on major stock, options
and futures exchanges worldwide.
Equities also includes our securities
services business, which provides
financing, securities lending and other
prime brokerage services to
institutional clients, including hedge
funds, mutual funds, pension funds
and foundations, and generates
revenues primarily in the form of
interest rate spreads or fees.
Investing and Lending which includes our
investing activities and the origination of
loans to provide financing to clients. These
investments and loans are typically longer-
term in nature. We make investments,
directly and indirectly through funds that we
manage, in debt securities, loans, public
and private equity securities, real estate,
consolidated investment entities and power
generation facilities.
Investment Management which provides
investment management services and
offers investment products (primarily
through separately managed accounts and
commingled vehicles, such as mutual funds
and private investment funds) across all
major asset classes to a diverse set of
institutional and individual clients.

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Investment Management also offers wealth
advisory services, including portfolio
management and financial counseling, and
brokerage and other transaction services to
high-net-worth individuals and families.
The Securities We Are Offering
When we use the term Securities in this
Luxembourg base prospectus, we mean any of the
debt securities and warrants we may offer with this
Luxembourg base prospectus. This Luxembourg
base prospectus, including this summary, describe
the general terms that may apply to the Securities;
the specific terms of any particular Securities that
we may offer will be described in the applicable
final terms.
Securities
We may offer any of the following Securities from
time to time:
debt securities; and
warrants.
Debt securities. Our debt securities may be senior
or subordinated to our other debt obligations in
right of payment. For any particular debt securities
we offer, the applicable final terms will describe the
specific designation, the aggregate principal or
face amount and the purchase price; the ranking,
whether senior or subordinated; the stated
maturity; the redemption terms, if any; the rate or
manner of calculating the rate and the payment
dates for interest, if any; the amount or manner of
calculating the amount payable at maturity and
whether that amount may be paid by delivering
cash, securities or other property; and any other
specific terms. We will issue the debt securities
under indentures between us and The Bank of
New York Mel on, as trustee.
Warrants. Our warrants may be either warrants to
purchase our debt securities or warrants to
purchase or sel , or whose cash value is
determined by reference to the performance level
or value of one or more of the following:
securities of one or more issuers
unaffiliated with us;
one or more currencies;

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one or more commodities;
any other financial, economic or other
measure or instrument, including the
occurrence or non-occurrence of any event
or circumstance; and
one or more indices or baskets of the
items described above.
For any particular warrants we offer, the applicable
final terms wil describe the underlying property;
the expiration date; the exercise price; the amount
and kind, or the manner of determining the amount
and kind, of property to be delivered by you or us
upon exercise; and any other specific terms. We
may issue the warrants under the warrant
indenture between us and The Bank of New York
Mellon, as trustee, or under warrant agreements
between us and one or more warrant agents.
Form of Securities
We will issue the Securities in book-entry form
through one or more depositaries, such as The
Depository Trust Company, Euroclear or
Clearstream, named in the applicable final terms.
Each sale of a Security in book-entry form wil
settle in immediately available funds through the
depositary, unless otherwise specified. We will
issue the Securities only in registered form, without
coupons, unless otherwise specified in the
applicable final terms.
Denominations
The Securities may be issued in denominations of
the equivalent of at least 1,000 (or the equivalent
in other currencies) or multiples thereof.
Payment Currencies
Amounts payable in respect of the Securities,
including the purchase price, wil be payable in
euro, unless the applicable final terms say
otherwise.
Use of Proceeds
We intend to use the net proceeds from the sales
of the Securities to provide additional funds for our
operations and for other general corporate
purposes.
Manner of Offering
The Securities will be offered in connection with
their initial issuance or in market-making
transactions by our affiliates after initial issuance.
Those offered in market-making transactions may

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be Securities that we will not issue until after the
date of this Luxembourg base prospectus as well
as Securities that we have previously issued.
When we issue new Securities, we may offer them
for sale to or through underwriters, dealers and
agents, including our affiliates, or directly to
purchasers. The applicable final terms wil include
any required information about the firms we use
and the discounts or commissions we may pay
them for their services.
Our affiliates that we refer to above may include
Goldman Sachs International, Goldman Sachs
(Asia) L.L.C. and Goldman Sachs (Singapore)
Pte., for offers and sales outside the United States
and, among others, Goldman, Sachs & Co., for
offers and sales in the United States.
Listing agent and paying agent and transfer
We have initial y appointed Dexia Banque
agent
Internationale à Luxembourg, société anonyme, as
listing agent, paying agent and transfer agent for
all Securities listed on the Official List of the
Luxembourg Stock Exchange. We may at any
time terminate the appointment of any listing
agent, paying agent or transfer agent and appoint
additional or other such agents. However, we will
maintain a paying agent in a European city until all
outstanding Securities have been delivered to the
trustee for cancellation, or monies sufficient to pay
all amounts due on such Securities have been
made available for payment. For so long as any
Securities and warrants are listed on the Official
List of the Luxembourg Stock Exchange and the
rules of the Luxembourg Stock Exchange so
require, one paying agent will be located in
Luxembourg. Another paying agent wil be in a
Member State of the European Union that will not
be obliged to withhold or deduct tax on the
Securities pursuant to European Council Directive
2003/48/EC.
Calculation agent
Calculations relating to certain Securities, including
floating rate debt securities, will be made by the
calculation agent, an institution that we appoint as
our agent for this purpose. That institution may
include any affiliate of ours, such as Goldman,
Sachs & Co. or Goldman Sachs International. The
applicable final terms for a particular floating rate
Security will name the institution that we have
appointed to act as the calculation agent for that
Security as of its original issue date. We may

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