New Issue: Societe Generale sells $1.5 million 12% ReConvs linked to NYSE Euronext

By Susanna Moon

Chicago, Nov. 5 - Societe Generale, New York Branch priced $1.5 million of 12% ReConvs notes due Oct. 31, 2008 linked to NYSE Euronext stock, according to a term sheet.

Interest is payable monthly.

If the stock falls to or below the limit price of $63.84, or 70% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be $1,000 divided by the initial share price in stock or the equivalent in cash. Otherwise, the payout is par.

Societe Generale is lead agent with Countrywide Securities Corp. as co-agent.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying stock:	NYSE Euronext (NYSE: NYX)
Amount:	$1.5 million
Maturity:	Oct. 31, 2008
Coupon:	12%, payable monthly
Payment at maturity:	If the stock falls below the limit price of $63.84 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the initial share price; otherwise par
Initial price:	$91.20
Limit price:	$63.84, 70% of the initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	Societe Generale (lead), Countrywide Securities Corp. (co-agent)

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