Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for D.R. Horton, Inc. > News item |
Societe Generale to price 21.7% Worst-of ReConvs linked to D.R. Horton, Meridian Gold, Tesoro
By Jennifer Chiou
New York, June 12 - Societe Generale, New York Branch plans to price 21.7% annualized Worst-of ReConvs due Dec. 28, 2008 linked to the common stocks of D.R. Horton, Inc., Meridian Gold Inc. and Tesoro Corp.
Payment at maturity is linked to the performance of the worst-performing stock.
Investors will receive par unless the worst-performing stock falls below the knock-in price - 60% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of shares equal to $1,000 divided by the initial share price.
The notes will price on June 26 and settle on June 29.
Societe Generale will be the underwriter.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.