New Issue: Societe Generale prices $750,000 26% Worst-of ReConvs linked to AMR, Consol, GM

By Jennifer Chiou

New York, Aug. 3 - Societe Generale, New York Branch priced $750,000 of 26% annualized Worst-of ReConvs due Jan. 31, 2008 linked to the common stocks of AMR Corp., Consol Energy Inc. and General Motors Corp., according to a term sheet.

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 - 70% 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.

Societe Generale is the underwriter.

Issuer:	Societe Generale, New York Branch
Issue:	Worst-of ReConvs
Underlying stocks:	AMR Corp., Consol Energy Inc. and General Motors Corp.
Amount:	$750,000
Maturity:	Jan. 31, 2008
Coupon:	26% annualized
Payment at maturity:	Par unless the worst-performing stock falls below the knock-in price - 70% 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
Initial prices:	AMR Corp. at $26.38, Consol Energy Inc. at $40.32 and General Motors Corp. at $32.20
Contingent protection levels:	AMR Corp. at $18.47, Consol Energy Inc. at $28.22 and General Motors Corp. at $22.54, 70% of the initial level
Pricing date:	July 26
Settlement date:	July 31
Underwriter:	Societe Generale
Fees:	3.5% (maximum)

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