OREANDA-NEWS. The Goldman Sachs Group, Inc. (NYSE: GS) (the “Company”) today announced the commencement of a tender offer (the “Tender Offer”) to purchase for cash any and all of the outstanding $2,750,000,000 aggregate principal amount of its 6.250% Notes due September 2017 (the “Notes”).

The Tender Offer is subject to the terms and conditions set forth in the related Offer to Purchase, dated June 6, 2016 (the “Offer to Purchase”), Letter of Transmittal and Notice of Guaranteed Delivery.

The key pricing details for the Tender Offer are as follows:

CUSIP No.: 38144LAB6
Outstanding Principal Amount: $2,750,000,000
Title of Notes: 6.250% Notes due September 2017
Purchase Price per $1,000 Principal Amount(*): $1,061.25

(*)   In addition to the Purchase Price, the Company will pay accrued and unpaid interest on the Notes accepted for purchase to but excluding the Settlement Date.

The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on Friday, June 10, 2016, unless extended or earlier terminated by The Goldman Sachs Group, Inc. (the “Expiration Time”). Tendered Notes may be withdrawn at any time at or prior to the Expiration Time.  It is expected that payment for Notes tendered at or prior to the Expiration Time will be made on June 15, 2016 (the “Settlement Date”) and payment for Notes tendered using the guaranteed delivery procedures will be made promptly after the delivery of the accepted Notes, but no earlier than the Settlement Date.

The Tender Offer is conditioned upon the satisfaction of certain conditions described in the Offer to Purchase.