New Issue: Societe Generale sells $1 million 18.5% ReConvs linked to Advanced Micro Devices

By Jennifer Chiou

New York, April 3 - Societe Generale, New York Branch priced $1 million of 18.5% ReConvs notes due Sept. 28, 2007 linked to Advanced Micro Devices, Inc. stock, according to a term sheet.

If Advanced Micro Devices stock falls to or below the contingent protection level of $10.46, 80% 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 $13.08 initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

SG Americas Securities, LLC is principal agent with Countrywide Securities Corp. as agent.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying security:	Advanced Micro Devices, Inc.
Amount:	$1 million
Maturity:	Sept. 28, 2007
Coupon:	18.5%
Payment at maturity:	If Advanced Micro Devices stock falls below the contingent protection level of $10.46 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $13.08 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$13.08
Contingent protection level:	$10.46, 80% of the initial level
Pricing date:	March 29
Settlement date:	March 30
Agents:	SG Americas Securities, LLC, Countrywide Securities Corp.
Fee:	3.5% (maximum)

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