Bond Goldman & Sachs 4.5% ( US38143UMK42 ) in USD

Issuer Goldman & Sachs
Market price 100 %  ⇌ 
Country  United States
ISIN code  US38143UMK42 ( in USD )
Interest rate 4.5% per year ( payment 2 times a year)
Maturity 17/09/2025 - Bond has expired



Prospectus brochure of the bond Goldman Sachs US38143UMK42 in USD 4.5%, expired


Minimal amount 1 000 USD
Total amount /
Cusip 38143UMK4
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Detailed description Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to corporations, governments, and high-net-worth individuals.

The Bond issued by Goldman & Sachs ( United States ) , in USD, with the ISIN code US38143UMK42, pays a coupon of 4.5% per year.
The coupons are paid 2 times per year and the Bond maturity is 17/09/2025







Pricing Supplement No. 547 dated September 10, 2010
Page 1 of 12
424B2 1 d424b2.htm PRICING SUPPLEMENT NO. 547 DATED SEPTEMBER 10, 2010
Table of Contents
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-154173


Pricing Supplement to the Prospectus dated April 6, 2009 and the
Prospectus Supplement dated April 6, 2009 -- No. 547

$188,200,000

The Goldman Sachs Group, Inc.

Callable Step-Up Fixed Rate Notes due 2025

Medium-Term Notes, Series D

We will pay you interest semi-annually on your notes at a rate of 4.50% per annum from and including September 17, 2010 to but excluding September 17,
2015. We will pay you interest semi-annually on your notes at a rate of 5.50% per annum from and including September 17, 2015 to but excluding September 17,
2021. We will pay you interest semi-annually on your notes at a rate of 7.50% per annum from and including September 17, 2021 to but excluding September 17,
2025. Interest will be paid on each March 17 and September 17. The first such payment will be made on March 17, 2011.
In addition, we may redeem the notes at our option, in whole but not in part, semi-annually on each March 17 and September 17 on or after
September 17, 2011, upon five business days' prior notice, at a redemption price equal to 100% of the outstanding principal amount plus accrued and
unpaid interest to but excluding the redemption date. Although the interest rate will step up during the life of your notes, you may not benefit from
such increase in the interest rate if your notes are redeemed prior to the stated maturity date.




Per Note

Total
Initial public offering price

100.000%
$
188,200,000
Underwriting discount

2.986%
$
5,619,652
Proceeds, before expenses, to The Goldman Sachs Group, Inc.

97.014%
$
182,580,348

The initial public offering price set forth above does not include accrued interest, if any. Interest on the notes will accrue from September 17, 2010 and must
be paid by the purchaser if the notes are delivered after September 17, 2010.
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. 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.
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Pricing Supplement No. 547 dated September 10, 2010
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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.


Goldman, Sachs & Co.
Incapital LLC

Pricing Supplement dated September 10, 2010.
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Pricing Supplement No. 547 dated September 10, 2010
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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 no. 547 dated September 10, 2010 (pricing supplement) and the accompanying prospectus dated April 6, 2009 (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 April 6, 2009 (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 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 (2008 Indenture), between us and The Bank of New York Mellon, as trustee (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.
Terms of the Callable Step-Up Fixed Rate Notes due 2025

Issuer: The Goldman Sachs Group, Inc.

September 17, 2011, upon five business days' prior notice, at a redemption
Principal amount: $188,200,000
price equal to 100% of the outstanding principal amount plus accrued and
Specified currency: U.S. dollars ($)
unpaid interest to but excluding the redemption date.
Type of Notes: Fixed rate notes (notes)
Survivor's option to request repayment: not applicable
Denominations: $1,000 and integral multiples of $1,000 thereof
Listing: None
Trade date: September 10, 2010
ERISA: as described under "Employee Retirement Income Security Act" on
page 143 of the accompanying prospectus
Original issue date: September 17, 2010
CUSIP no.: 38143UMK4
Stated maturity date: September 17, 2025
Form of notes: Your notes will be issued in book-entry form and
Interest rate: 4.50% per annum from and including September 17, 2010 to
represented by a master global note. You should read the section "Legal
and excluding September 17, 2015; 5.50% per annum from and including
Ownership and Book-Entry Issuance" in the accompanying prospectus for
September 17, 2015 to but excluding September 17, 2021; 7.50% per
more information about notes issued in book-entry form.
annum from and including September 17, 2021 to but excluding
September 17, 2025
Defeasance applies as follows:

Original issue discount (OID): not applicable
·
full defeasance -- i.e., our right to be relieved of all our obligations on
the note by placing funds in trust for the investor: yes
Interest payment dates: March 17 and September 17 of each year,

commencing on March 17, 2011
·
covenant defeasance -- i.e., our right to be relieved of specified
provisions of the note by placing funds in trust for the investor: yes
Regular record dates: every March 2 and
September 2
FDIC: The notes are not bank deposits and are not insured by the Federal
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Day count convention: 30/360 (ISDA)
Deposit Insurance Corporation or any other governmental agency, nor are
Business day: New York
they obligations of, or guaranteed by, a bank.
Business day convention: following unadjusted
Calculation Agent: Goldman, Sachs & Co.
Redemption at option of issuer before stated maturity: We may redeem
the notes at our option, in whole but not in part, semi-annually on each
March 17 and September 17 on or after

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Table of Contents
ADDITIONAL INFORMATION ABOUT THE NOTES
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.
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, semi-annually on each March 17 and September 17 on or after
September 17, 2011, 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 5 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.
In the opinion of Sullivan & Cromwell LLP, the notes will be treated as indebtedness for U.S. federal income tax purposes.
The notes should be treated as issued with "original issue discount" ("OID") despite the fact that the interest rate on the notes is scheduled to step-up over
the term of the notes because Treasury regulations generally deem an issuer to exercise a call option in a manner that minimizes the yield on the debt instrument
for purposes of determining whether a debt instrument is issued with OID. The yield on the notes would be minimized if we call the notes immediately before the
increase in the interest rate on September 17, 2015. This assumption is made solely for U.S. federal income tax purposes of determining whether the note is
issued with OID and is not an indication of our intention to call or not to call the notes at any time. If we do not call the notes prior to the first increase in the interest
rate then, solely for OID purposes, the note will be deemed to be reissued at their adjusted issue price on September 17, 2015. This deemed issuance should not
give rise to taxable gain or loss to holders. The same analysis would apply to the increase in the interest rate on September 17, 2021 and therefore the notes
should never be treated as issued with OID for U.S. federal income tax purposes.
Under this approach, the coupon 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
with the U.S. holder's normal method of accounting for tax purposes (regardless of whether we call the notes).

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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 taxable 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. Capital gain of individual taxpayers from the sale, exchange,
redemption, retirement or other disposition of a note held for more than one year may be eligible for reduced rates of taxation. The deductibility of a capital loss
realized on the sale, exchange, redemption, retirement or other disposition of a note is subject to significant limitations.
Medicare Tax. For taxable years beginning after December 31, 2012, a U.S. holder that is an individual or estate, or a trust that does not fall into a special
class of trusts that is exempt from such tax, is subject to a 3.8% tax on the lesser of (1) the U.S. holder's "net investment income" for the relevant taxable year and
(2) the excess of the U.S. holder's modified adjusted gross income for the taxable year over a certain threshold (which in the case of individuals will be between
$125,000 and $250,000, depending on the individual's circumstances). A holder's net investment income will generally include its interest income and its net gains
from the disposition of notes, unless such interest payments or net gains are derived in the ordinary course of the conduct of a trade or business (other than a
trade or business that consists of certain passive or trading activities). If you are a U.S. holder that is an individual, estate or trust, you are urged to consult your tax
advisors regarding the applicability of the Medicare tax to your income and gains in respect of your investment in the notes.
Backup Withholdings and Information Reporting. Please see the discussion under "United States Taxation -- Taxation of Debt Securities -- Backup
Withholding and Information Reporting" in the accompanying prospectus. In addition pursuant to recent enacted legislation, certain payments in respect of the
notes made to corporate U.S. Holders after December 31, 2011 may be subject to information reporting and backup withholding.

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Table of Contents
SUPPLEMENTAL PLAN OF DISTRIBUTION
The Goldman Sachs Group, Inc. and the underwriters for this offering named below have entered into a terms agreement and 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.

Principal Amount
Underwriters

of Notes
Goldman, Sachs & Co.

$
94,100,000
Incapital LLC

94,100,000

Total

$
188,200,000

Notes sold by the underwriters to the public will initially be offered at the original issue price 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 original issue price less a discount of 2.986% of
the principal amount of the notes. Any notes sold by the underwriters to securities dealers may be sold at a discount from the original issue price of up to 2.436%
of the principal amount of the notes. If all of the offered notes are not sold at the original issue price, the underwriters may change the offering price and the other
selling terms.
Please note that the information about the original issue price 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 $19,000.
We will deliver the notes against payment therefor in New York, New York on September 17, 2010, which is the fifth scheduled business day following the
date of this pricing supplement and of the pricing of the notes. Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to
settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on any day prior to
three business days before delivery will be required, by virtue of the fact that the notes will initially settle in five business days (T + 5), to specify alternative
settlement arrangements to prevent a failed settlement.
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.
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
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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,

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Table of Contents
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.
Conflicts of Interest
Goldman, Sachs & Co. is an affiliate of The Goldman Sachs Group, Inc. and, as such, has a "conflict of interest" in this offering within the meaning of NASD
Rule 2720. Consequently, the offering is being conducted in compliance with the provisions of Rule 2720. Goldman, Sachs & Co. is not permitted to sell notes in
this offering to an account over which it exercises discretionary authority without the prior specific written approval of the account holder.

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