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Societe Generale to price 12% ReConvs linked to Wynn Resorts
By Jennifer Chiou
New York, June 12 - Societe Generale, New York Branch plans to price 12% annualized ReConvs due Dec. 28, 2007 linked to Wynn Resorts, Ltd. common stock.
Interest will be payable quarterly.
At maturity, investors will receive par unless Wynn Resorts stock falls below the knock-in price - 80% 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 Wynn Resorts 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 is the underwriter.
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