Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-198735
Prospectus Supplement to Prospectus dated September 15, 2014.
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$1,300,000,000*
The Goldman Sachs Group, Inc.
Floating Rate Notes due 2020 |
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The Goldman Sachs Group, Inc. will pay interest on the notes at a rate per annum of three-month U.S. dollar LIBOR plus 1.16%, reset quarterly, on
January 23, April 23, July 23 and October 23 of each year. The first such payment for the second reopened notes (defined below) will be made on July 23, 2015. The notes will mature on the stated maturity date, April 23, 2020. If The Goldman Sachs
Group, Inc. becomes obligated to pay additional amounts to non-U.S. investors due to changes in U.S. withholding tax requirements, The Goldman Sachs Group, Inc. may redeem the notes before their stated
maturity at a price equal to 100% of the principal amount redeemed plus accrued interest to the redemption date.
Neither the Securities
and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a
criminal offense.
The notes have been registered under the Securities Act of 1933 solely for the purpose of sales in the United
States; they have not been and will not be registered for the purpose of any sales outside the United States.
The notes are not bank
deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.
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Per Note |
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Total |
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Initial price to public |
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101.108 |
% |
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$ |
808,864,000 |
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Underwriting discount |
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0.350 |
% |
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$ |
2,800,000 |
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Proceeds, before expenses, to The Goldman Sachs Group, Inc. |
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100.758 |
% |
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$ |
806,064,000 |
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The information set forth in the table above relates to $800,000,000 principal amount of the notes being initially offered on the date of this
prospectus supplement, which we refer to as the second reopened notes. The initial price to public above does not include accrued interest on the second reopened notes from April 23, 2015. Such accrued interest to but excluding the date
of delivery must be paid by the purchaser.
* This prospectus supplement relates to $1,300,000,000 aggregate principal amount of the notes. $800,000,000
principal amount of the reopened notes is being initially offered on the date of this prospectus supplement. The underwriters expect to deliver the second reopened notes through the facilities of The Depository Trust Company against payment in New
York, New York on April 24, 2015.
Of the remaining $500,000,000 principal amount of the notes, $300,000,000 principal amount of notes,
which we refer to as the original notes, was issued on January 23, 2015 at an original issue price of 100.000% per note, or $300,000,000 in total, at an underwriting discount of 0.350% per note, or $1,050,000 in total, and with proceeds,
before expenses, to The Goldman Sachs Group, Inc. of 99.650% per note, or $298,950,000 in total, and $200,000,000 principal amount of notes, which we refer to as the first reopened notes was issued on February 18, 2015 at an original
issue price of 101.054% per note, or $202,108,000 in total, at an underwriting discount of 0.350% per note, or $700,000 in total, and with proceeds, before expenses, to The Goldman Sachs Group, Inc. of 100.704% per note, or $201,408,000 in total.
The Goldman Sachs Group, Inc. may use this prospectus supplement and the accompanying prospectus in the initial sale of the notes. In
addition, Goldman, Sachs & Co. or any other affiliate of The Goldman Sachs Group, Inc. may use this prospectus supplement and the accompanying prospectus in a market-making transaction in the notes after their initial sale, and unless they
inform the purchaser otherwise in the confirmation of sale, this prospectus supplement and accompanying prospectus are being used by them in a market-making transaction.
Goldman, Sachs & Co.
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Blaylock Beal Van, LLC |
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CastleOak Securities, L.P. |
Drexel Hamilton |
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Great Pacific Securities |
Lebenthal Capital Markets |
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Loop Capital Markets |
Mischler Financial Group, Inc. |
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Ramirez & Co., Inc. |
Siebert Capital Markets |
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The Williams Capital Group, L.P. |
Prospectus Supplement dated April 21, 2015.
TABLE OF CONTENTS
Prospectus Supplement
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Page |
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Specific Terms of the Notes |
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S-3 |
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Employee Retirement Income Security Act |
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S-7 |
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Validity of the Notes |
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S-8 |
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Experts |
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S-8 |
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Underwriting |
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S-9 |
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Prospectus dated September 15, 2014 |
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Available Information |
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2 |
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Prospectus Summary |
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4 |
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Use of Proceeds |
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8 |
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Description of Debt Securities We May Offer |
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9 |
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Description of Warrants We May Offer |
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39 |
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Description of Purchase Contracts We May Offer |
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56 |
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Description of Units We May Offer |
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61 |
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Description of Preferred Stock We May Offer |
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67 |
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Description of Capital Stock of The Goldman Sachs Group, Inc. |
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75 |
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Legal Ownership and Book-Entry Issuance |
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80 |
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Considerations Relating to Floating Rate Securities |
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85 |
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Considerations Relating to Indexed Securities |
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87 |
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Considerations Relating to Securities Denominated or Payable in or Linked to a
Non-U.S. Dollar Currency |
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88 |
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United States Taxation |
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91 |
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Plan of Distribution |
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114 |
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Conflicts of Interest |
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117 |
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Employee Retirement Income Security Act |
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118 |
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Validity of the Securities |
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119 |
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Experts |
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119 |
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Review of Unaudited Condensed Consolidated Financial Statements by Independent Registered Public Accounting Firm |
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120 |
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Cautionary Statement Pursuant to the Private Securities Litigation Reform Act of 1995 |
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120 |
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We have not authorized anyone to provide any information or to make any representations other than those contained or incorporated by reference in
this prospectus supplement, the accompanying prospectus or in any free writing prospectuses we have prepared. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may provide. This
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 prospectus supplement and the
accompanying prospectus is current only as of the respective dates of such documents.
SPECIFIC TERMS OF THE NOTES
Please note that throughout 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. Also, 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.
The second reopened notes, together with the first reopened notes that we issued on February 18, 2015
and the original notes that we issued on January 23, 2015, have identical terms and, together, are a series of senior debt securities issued under our senior debt indenture dated as of July 16, 2008 between us and The Bank of New York Mellon,
as trustee. This prospectus supplement summarizes specific financial and other terms that will apply to the notes; terms that apply generally to all of our debt securities are described in Description of Debt Securities We May Offer in
the accompanying prospectus dated September 15, 2014. The terms described here supplement those described in the accompanying prospectus and, if the terms described here are inconsistent with those described there, the terms described here are
controlling.
Terms of the Notes
The specific terms of this series of notes we are offering will be as follows:
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Title of the notes: Floating Rate Notes due 2020 |
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Issuer of the notes: The Goldman Sachs Group, Inc. |
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Total principal amount of the second reopened notes: $800,000,000 |
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Total aggregate principal amount of notes outstanding upon completion of this offering: $1,300,000,000 (of this total, $300,000,000 was issued on January
23, 2015 and $200,000,000 was issued on February 18, 2015) |
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Initial price to public: 101.108% of the principal amount of the second reopened notes, plus accrued interest of $0.03992 per $1,000 note from April 23,
2015 |
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Underwriting discount: 0.350% of the principal amount of the second reopened notes |
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Issue date: April 24, 2015 (for the second reopened notes), February 18, 2015 (for the first reopened notes), January 23, 2015 (for the original notes)
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Stated maturity: April 23, 2020 |
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Interest rate: Base rate plus the spread |
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Base rate: LIBOR for the index maturity and index currency specified below, as determined with respect to each interest period by the calculation agent as
described below under Determination of Interest Rate |
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Index maturity: Three-month |
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Index currency: U.S. dollar |
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Spread: 1.16% per annum |
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Initial base rate for the second reopened notes: The base rate in effect for the initial interest period for the second reopened notes is 0.27725% per
annum |
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Minimum or maximum rate: None |
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Day count convention: Actual/360 (ISDA) |
S-3
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Interest periods: Quarterly; the initial interest period for the second reopened notes is the period from and including April 23, 2015 to, but excluding,
the next interest reset date, and the subsequent interest periods will be the periods from and including an interest reset date to, but excluding, the next interest reset date |
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Interest determination date: Two London business days prior to the first day of each interest period |
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Interest reset dates: Every January 23, April 23, July 23 and October 23, commencing on July 23, 2015 for the second reopened notes
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Interest payment dates: Every January 23, April 23, July 23 and October 23, commencing on July 23, 2015 for the second reopened notes
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Date interest starts accruing for the second reopened notes: April 23, 2015 |
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First due date for interest for the second reopened notes: July 23, 2015 |
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Calculation Agent: The Bank of New York Mellon |
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Regular record dates for interest: For interest due on an interest payment date, the day immediately prior to the day on which the payment is to be
made (as such payment day may be adjusted under the applicable business day convention specified below) |
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Denomination: $2,000 and integral multiples of $1,000 thereafter, subject to a minimum denomination of $2,000 |
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Business day: New York and London |
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Business day convention: Modified following, as described in the accompanying prospectus under Description of Debt Securities We May Offer
Calculations of Interest on Debt Securities Business Day Conventions; applicable to interest payment dates and interest reset dates |
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Defeasance: The notes are subject to defeasance and covenant defeasance by us, as described in the accompanying prospectus under Description of
Debt Securities We May Offer Defeasance and Covenant Defeasance |
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Additional amounts: We intend to pay principal and interest without deducting U.S. withholding taxes. If we are required to deduct
U.S. withholding taxes from payment to non-U.S. investors, however, we will pay additional amounts on those payments, but only to the extent described in the accompanying prospectus under
Description of Debt Securities We May Offer Payment of Additional Amounts. |
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Tax Redemption: We will have the option to redeem the notes before they mature (at par plus accrued interest) if we become obligated to pay
additional amounts because of changes in U.S. withholding tax requirements as described in the accompanying prospectus under Description of Debt Securities We May Offer Redemption and Repayment Tax Redemption. For
purposes of the first paragraph under Description of Debt Securities We May Offer Redemption and Repayment Tax Redemption, the specified date (on or after which any such changes that may occur will give rise to our
redemption right) is January 20, 2015. |
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Optional Redemption: In addition, we may redeem the notes at our option, in whole at any time or in part from time to time, on or after March 23, 2020,
upon not less than 30 days nor more than 60 days prior written notice, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to but excluding the redemption date. We will
give the notice of redemption in the manner described under Description of Debt Securities We May Offer Notices in the accompanying prospectus. |
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No other redemption: We will not be permitted to redeem the notes before their stated maturity, except as described above. 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. |
S-4
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Repayment at option of holder: None |
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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. |
Determination of Interest Rate
Your notes will bear interest for each interest period at a per annum rate equal to the applicable LIBOR rate plus the spread. LIBOR will be
determined by the calculation agent on the second London business day (as defined in the accompanying prospectus) immediately preceding the first day of such interest period in the following manner:
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LIBOR will be the offered rate per annum for three-month deposits in U.S. dollars, beginning on the first day of such period, as that rate appears on Reuters
screen LIBOR01 (or any successor or replacement page) as of approximately 11:00 A.M., London time, on the second London business day immediately preceding the first day of such interest period. |
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If the rate described above does not so appear on the Reuters screen LIBOR01 (or any successor or replacement page), then LIBOR will be determined on the basis
of the rates, at approximately 11:00 A.M., London time, on the second London business day immediately preceding the first day of such interest period, at which deposits of the following kind are offered to prime banks in the London interbank market
by four major banks in that market selected by the calculation agent: three-month deposits in U.S. dollars, beginning on the first day of such interest period, and in a Representative Amount. The calculation agent will request the principal London
office of each of these banks to provide a quotation of its rate. If at least two quotations are provided, LIBOR for the second London business day immediately preceding the first day of such interest period will be the arithmetic mean of the
quotations. |
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If fewer than two of the requested quotations described above are provided, LIBOR for the second London business day immediately preceding the first day of such
interest period will be the arithmetic mean of the rates for loans of the following kind to leading European banks quoted, at approximately 11:00 A.M., New York City time, on the second London business day immediately preceding the first day of such
interest period, by major banks in New York City selected by the calculation agent: three-month loans of U.S. dollars, beginning on the first day of such interest period, and in a Representative Amount. |
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If no quotation is provided as described above, then the calculation agent, after consulting such sources as it deems comparable to any of the foregoing
quotations or display page, or any such source as it deems reasonable from which to estimate LIBOR or any of the foregoing lending rates, shall determine LIBOR for the second London business day immediately preceding the first day of such interest
period in its sole discretion. |
The calculation agents determination of any interest rate, and its calculation
of the amount of interest for any interest period, will be on file at our principal offices, will be made available to any noteholder upon request and will be final and binding in the absence of manifest error.
In this subsection, we use several terms that have special meanings relevant to calculating LIBOR. We define these terms as follows:
The term Representative Amount means an amount that, in the calculation agents judgment, is representative of a single
transaction in the relevant market at the relevant time.
The term Reuters screen means the display on the Reuters 3000 Xtra
service, or any successor or replacement service.
S-5
Additional Considerations Relating to LIBOR
Please refer to the discussion under Considerations Relating to Floating Rate Securities Increased Regulatory Oversight and Changes in
the Method Pursuant to Which the LIBOR Rates Are Determined May Adversely Affect the Value of Your Floating Rate Securities in the accompanying prospectus for a description of the considerations relating to LIBOR.
Additional Information About the Notes
Book-Entry System
We will issue the notes as global notes 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? Holders Option to Obtain a Non-Global Security; Special Situations When a Global Security Will Be Terminated.
Investors may hold interests in a global note through organizations that participate, directly or indirectly, in the DTC system. See
Legal Ownership and Book-Entry Issuance in the accompanying prospectus for additional information about indirect ownership of interests in the notes.
United States Federal Income Tax Consequences
Your notes will be treated as variable rate
debt instruments for United States Federal income tax purposes as described under United States Taxation Taxation of Debt Securities United States Holders Variable Rate Debt Securities in the accompanying prospectus.
Please refer to the discussion under United States Taxation in the accompanying prospectus for a description of the
material U.S. federal income tax consequences of ownership and disposition of the notes.
The second reopened notes will be subject to
the tax rules governing debt securities purchased at a premium, as described on page 100 of the accompanying prospectus. Accrued interest paid by an initial purchaser of the second reopened notes will not be taken into account in calculating such
premium. In addition, the portion of the first interest payment on the second reopened notes that is attributable to interest that accrued before the issuance of the second reopened notes will not be treated as interest that is includible in
ordinary income. Rather, such amount will be treated as a return of capital, and therefore a holder of second reopened notes will reduce its basis in the second reopened notes by such amount.
S-6
EMPLOYEE RETIREMENT INCOME SECURITY ACT
This section is only relevant to you if you are an insurance company or the fiduciary of a pension plan or an
employee benefit plan (including a governmental plan, an IRA or a Keogh Plan) proposing to invest in the notes.
The
U.S. Employee Retirement Income Security Act of 1974, as amended (ERISA), and the U.S. Internal Revenue Code of 1986, as amended (the Code), prohibit certain transactions (prohibited transactions)
involving the assets of an employee benefit plan that is subject to the fiduciary responsibility provisions of ERISA or Section 4975 of the Code (including individual retirement accounts, Keogh plans and other plans described in
Section 4975(e)(1) of the Code) (a Plan) and certain persons who are parties in interest (within the meaning of ERISA) or disqualified persons (within the meaning of the Code) with respect to the Plan;
governmental plans may be subject to similar prohibitions unless an exemption applies to the transaction. The assets of a Plan may include assets held in the general account of an insurance company that are deemed plan assets under ERISA
or assets of certain investment vehicles in which the Plan invests. Each of The Goldman Sachs Group, Inc. and certain of its affiliates may be considered a party in interest or a disqualified person with respect to many
Plans, and, accordingly, prohibited transactions may arise if the notes are acquired by or on behalf of a Plan unless those notes are acquired and held pursuant to an available exemption. In general, available exemptions are: transactions effected
on behalf of that Plan by a qualified professional asset manager (prohibited transaction exemption 84-14) or an in-house asset manager
(prohibited transaction exemption 96-23), transactions involving insurance company general accounts (prohibited transaction exemption 95-60), transactions involving insurance company pooled separate accounts (prohibited transaction exemption 90-1), transactions involving bank collective investment funds (prohibited transaction exemption 91-38) and transactions with service providers under
Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code where the Plan receives no less and pays no more than adequate consideration (within the meaning of Section 408(b)(17) of ERISA and Section 4975(f)(10)
of the Code). The person making the decision on behalf of a Plan or a governmental plan shall be deemed, on behalf of itself and the plan, by purchasing and holding the notes, or exercising any rights related thereto, to represent that (a) the
plan will receive no less and pay no more than adequate consideration (within the meaning of Section 408(b)(17) of ERISA and Section 4975(f)(10) of the Code) in connection with the purchase and holding of the notes,
(b) none of the purchase, holding or disposition of the notes or the exercise of any rights related to the notes will result in a non-exempt prohibited transaction under ERISA or the Code (or, with
respect to a governmental plan, under any similar applicable law or regulation), and (c) neither The Goldman Sachs Group, Inc. nor any of its affiliates is a fiduciary (within the meaning of Section 3(21) of ERISA (or any
regulations thereunder) or, with respect to a governmental plan, under any similar applicable law or regulation) with respect to the purchaser or holder in connection with such persons acquisition, disposition or holding of the notes, or as a
result of any exercise by The Goldman Sachs Group, Inc. or any of its affiliates of any rights in connection with the notes, and no advice provided by The Goldman Sachs Group, Inc. or any of its affiliates has formed a primary basis for any
investment decision by or on behalf of such purchaser or holder in connection with the notes and the transactions contemplated with respect to the notes.
If you are an insurance company or the fiduciary of a pension plan or an employee benefit plan (including a
governmental plan, an IRA or a Keogh plan) and propose to invest in the notes described in this prospectus supplement and accompanying prospectus, you should consult your legal counsel.
S-7
VALIDITY OF THE NOTES
The validity of the notes will be passed upon for the underwriters by Sullivan & Cromwell LLP, New York, New York. Sullivan &
Cromwell LLP has in the past represented and continues to represent The Goldman Sachs Group, Inc. on a regular basis and in a variety of matters, including offerings of our common stock, preferred stock and debt securities. Sullivan &
Cromwell LLP also performed services for The Goldman Sachs Group, Inc. in connection with the offering of the notes described in this prospectus supplement.
EXPERTS
The financial statements of The Goldman Sachs Group,
Inc. incorporated herein by reference to the Annual Report on Form 10-K for the fiscal year ended December 31, 2014 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm,
given on the authority of said firm as experts in auditing and accounting.
The income statement data, balance sheet data and common
share data set forth in Selected Financial Data as of and for the years ended December 31, 2014, December 31, 2013, December 31, 2012, December 31, 2011 and December 31, 2010 incorporated by reference in this prospectus supplement have
been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
S-8
UNDERWRITING
We and the underwriters named below have entered into an underwriting agreement with respect to $800,000,000 principal amount of the second reopened
notes. Subject to certain conditions, each underwriter named below has severally agreed to purchase the principal amount of second reopened notes indicated in the following table:
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Underwriters |
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Principal Amount of Second Reopened
Notes |
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Goldman, Sachs & Co. |
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$ |
720,000,000 |
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Blaylock Beal Van, LLC |
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$ |
8,000,000 |
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CastleOak Securities, L.P. |
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$ |
8,000,000 |
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Drexel Hamilton, LLC |
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$ |
8,000,000 |
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Great Pacific Securities |
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$ |
8,000,000 |
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Lebenthal & Co., LLC |
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$ |
8,000,000 |
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Loop Capital Markets, LLC |
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$ |
8,000,000 |
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Mischler Financial Group, Inc. |
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$ |
8,000,000 |
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Samuel A. Ramirez & Company, Inc. |
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$ |
8,000,000 |
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Siebert Brandford Shank & Co., L.L.C. |
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$ |
8,000,000 |
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The Williams Capital Group, L.P. |
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$ |
8,000,000 |
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Total |
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$ |
800,000,000 |
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The underwriters are committed to take and pay for all of the second reopened notes being offered, if any are taken.
Goldman, Sachs & Co. is acting as a standby underwriter with respect to Lebenthal & Co., LLCs underwriting commitment.
The
following table shows the per note and total underwriting discounts and commissions to be paid to the underwriters by us for the second reopened notes.
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Per $1,000 note |
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$ |
3.50 |
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Total |
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$ |
2,800,000 |
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The second reopened 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 prospectus supplement. Any second reopened notes sold by the underwriters to securities dealers may be sold at a discount from the initial price to public of up to 0.210% of the principal amount of the second
reopened notes. Any such securities dealers may resell any second reopened notes purchased from the underwriters to certain other brokers or dealers at a discount from the initial price to public of up to 0.100% of the principal amount of the second
reopened notes. If all the second reopened notes are not sold at the initial price to public, the underwriters may change the initial price to public and the other selling terms. The offering of the second reopened notes by the underwriters is
subject to their receipt and acceptance of the second reopened notes and subject to their right to reject any order in whole or in part.
The underwriters intend to offer the second reopened notes for sale in the United States either directly or through affiliates or other dealers
acting as selling agents. The underwriters may also offer the second reopened notes for sale outside the United States either directly or through affiliates or other dealers acting as selling agents. This prospectus supplement may be used by the
underwriters and other dealers in connection with offers and sales of notes made in the United States, including offers and sales in the United States of notes initially sold outside the United States. The notes have not been, and will not be,
registered under the Securities Act of 1933 for the purpose of offers or sales outside the United States.
The second reopened notes are
a new issue of securities with no established trading market. We have been advised by Goldman, Sachs & Co. and Goldman Sachs International that they intend to make a market in the notes. Other affiliates of The Goldman Sachs Group, Inc. may
also do so. Neither Goldman, Sachs & Co. or Goldman Sachs International nor any other affiliate, however, is
S-9
obligated to do so and any of them may discontinue market-making at any time without notice. No assurance can be given as to the liquidity or the trading market for the notes.
Please note that the information about the original issue date, original 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 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 Financial Industry Regulatory Authority, Inc. (FINRA) member broker-dealers, as permitted by FINRA regulations.
Each underwriter has represented and agreed that:
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it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment
activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000 (as amended) (the FSMA)) received by it in connection with the issue or sale of the notes in circumstances in which Section 21(1) of the
FSMA does not apply to The Goldman Sachs Group, Inc.; and |
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it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the notes in, from or otherwise
involving the United Kingdom. |
In relation to each Member State of the European Economic Area which has implemented the
Prospectus Directive (each, a Relevant Member State) with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the Relevant Implementation Date) an offer of notes
which are the subject of the offering contemplated by this prospectus supplement in relation thereto may not be made to the public in that Relevant Member State except that, with effect from and including the Relevant Implementation Date, an offer
of such notes may be made to the public in that Relevant Member State:
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at any time to any legal entity which is a qualified investor as defined in the Prospectus Directive; |
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b) |
at any time to fewer than 100 or, if the Relevant Member State has implemented the relevant provision of the 2010 PD Amending Directive, 150, natural or legal persons (other than
qualified investors as defined in the Prospectus Directive), subject to obtaining the prior consent of the relevant Dealer or Dealers nominated by the Issuer for any such offer; or |
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at any time in any other circumstances falling within Article 3(2) of the Prospectus Directive, |
provided that no such offer of notes referred to above shall require the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive, or supplement a prospectus pursuant to
Article 16 of the Prospectus Directive.
For the purposes of this provision, the expression an offer of notes to the public
in relation to any notes in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the notes to be offered so as to enable an investor to decide to purchase or subscribe
the notes, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State, the expression Prospectus Directive means Directive 2003/71/EC (and amendments thereto, including the
2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression 2010 PD Amending Directive means Directive 2010/73/EU.
This prospectus supplement does not constitute a prospectus (as defined in section 2(1) of the Companies (Winding Up and
Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong)) (the Companies (Winding Up and Miscellaneous Provisions) Ordinance), nor is it an advertisement, invitation or document containing an advertisement or invitation
falling within the meaning of section 103
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of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (the Securities and Futures Ordinance). The notes (except for notes which are a structured
product as defined in the Securities and Futures Ordinance) may not be offered or sold in Hong Kong by means of any document other than (i) in circumstances which do not constitute an offer to the public within the meaning of the Companies
(Winding Up and Miscellaneous Provisions) Ordinance or which do not constitute an invitation to the public within the meaning of the Securities and Futures Ordinance, or (ii) to professional investors as defined in the Securities and
Futures Ordinance and any rules made thereunder, or (iii) in other circumstances which do not result in the document being a prospectus as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance, and no
advertisement, invitation or document relating to the notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are likely
to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to notes which are or are intended to be disposed of only to persons outside Hong Kong or only to
professional investors in Hong Kong as defined in the Securities and Futures Ordinance and any rules made thereunder. This prospectus supplement is for distribution in Hong Kong only to professional investors as defined in
the Securities and Futures Ordinance and any rules made thereunder.
This prospectus supplement and the accompanying prospectus have not
been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus supplement, the accompanying prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or
purchase, of the notes may not be circulated or distributed, nor may the notes be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an
institutional investor (as defined in Section 4A of the Securities and Futures Act, Chapter 289 of Singapore (the SFA)) under Section 274 of the SFA, (ii) to a relevant person (as defined in Section 275(2) of the SFA) pursuant to Section
275(1) of the SFA, or any person pursuant to Section 275(1A) of the SFA, and in accordance with the conditions specified in Section 275 of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable
provision of the SFA, in each case subject to conditions set forth in the SFA.
Where the notes are subscribed or purchased under Section
275 of the SFA by a relevant person which is a corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more
individuals, each of whom is an accredited investor, the securities (as defined in Section 239(1) of the SFA) of that corporation shall not be transferred except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person
(as defined in Section 275(2) of the SFA), (2) where such transfer arises from an offer in that corporations securities pursuant to Section 275(1A) of the SFA, (3) where no consideration is or will be given for the transfer, (5) as specified
in Section 276(7) of the SFA, or (6) as specified in Regulation 32 of the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore (Regulation 32).
Where the notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is a trust (where the trustee is not an
accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an accredited investor, the beneficiaries rights and interest (howsoever described) in that trust shall not be transferable for six months
after that trust has acquired the notes under Section 275 of the SFA except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person (as defined in Section 275(2) of the SFA, (2) where such transfer arises from an offer
that is made on terms that such rights or interest are acquired at a consideration of not less than S$200,000 (or its equivalent in a foreign currency) for each transaction (whether such amount is to be paid for in cash or by exchange of securities
or other assets), (3) where no consideration is or will be given for the transfer, (4) where the transfer is by operation of law, (5) as specified in Section 276(7) of the SFA, or (6) as specified in Regulation 32.
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The securities have not been and will not be registered under the Financial Instruments and Exchange
Act of Japan (Act No. 25 of 1948, as amended), or the FIEA. The securities may not be offered or sold, directly or indirectly, in Japan or to or for the benefit of any resident of Japan (including any person resident in Japan or any corporation or
other entity organized under the laws of Japan) or to others for reoffering or resale, directly or indirectly, in Japan or to or for the benefit of any resident of Japan, except pursuant to an exemption from the registration requirements of the FIEA
and otherwise in compliance with any relevant laws and regulations of Japan.
The notes are not offered, sold or advertised, directly or
indirectly, in, into or from Switzerland on the basis of a public offering and will not be listed on the SIX Swiss Exchange or any other offering or regulated trading facility in Switzerland. Accordingly, neither this prospectus supplement nor any
accompanying prospectus or other marketing material constitute a prospectus as defined in article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus as defined in article 32 of the Listing Rules of the SIX Swiss
Exchange or any other regulated trading facility in Switzerland. Any resales of the notes by the underwriters thereof may only be undertaken on a private basis to selected individual investors in compliance with Swiss law. This prospectus supplement
and accompanying prospectus may not be copied, reproduced, distributed or passed on to others or otherwise made available in Switzerland without our prior written consent. By accepting this prospectus supplement and accompanying prospectus or by
subscribing to the notes, investors are deemed to have acknowledged and agreed to abide by these restrictions. Investors are advised to consult with their financial, legal or tax advisers before investing in the notes.
The Goldman Sachs Group, Inc. estimates that its share of the total offering expenses for the second reopened notes, excluding underwriting
discounts and commissions, will be approximately $150,000.
The Goldman Sachs Group, Inc. has agreed to indemnify the underwriters
against certain liabilities, including liabilities under the Securities Act of 1933.
The underwriters and their respective affiliates
are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing
and brokerage activities. Certain of the underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory and investment banking services for The Goldman Sachs Group, Inc. or
its affiliates, for which they received or will receive customary fees and expenses. Goldman, Sachs & Co., the lead underwriter, is an affiliate of The Goldman Sachs Group, Inc. Please see Plan of Distribution Conflicts of
Interest on page 117 of the accompanying prospectus.
In the ordinary course of their various business activities, the
underwriters and their respective affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and
for the accounts of their customers and such investment and securities activities may involve securities and/or instruments of the issuer. The underwriters and their respective affiliates may also make investment recommendations and/or publish or
express independent research views in respect of such securities or instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments. Such investment and securities
activities may involve securities and instruments of The Goldman Sachs Group, Inc.
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$1,300,000,000
The Goldman Sachs Group, Inc.
Floating Rate Notes due 2020
Goldman, Sachs & Co.
Blaylock Beal Van, LLC
CastleOak Securities, L.P.
Drexel Hamilton
Great
Pacific Securities
Lebenthal Capital Markets
Loop Capital Markets
Mischler Financial Group, Inc.
Ramirez & Co., Inc.
Siebert Capital Markets
The
Williams Capital Group, L.P.
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