New Issue: Societe Generale prices $3.5 million 11% reverse convertibles linked to Chesapeake Energy

By Jennifer Chiou

New York, Nov. 7 - Societe Generale, New York Branch priced a $3.5 million issue of 11% ReConvs due April 30, 2007 linked to Chesapeake Energy Corp. stock via Societe Generale, according to a term sheet.

Countrywide Securities Corp. was the distributor.

Payout at maturity will be par in cash unless Chesapeake Energy stock falls below the barrier price of $25.58 during the life of the notes and finishes below its initial price on the valuation day, April 24, 2007, in which case payout will be a number of Chesapeake Energy shares equal to $1,000 divided by the initial share price.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying stock:	Chesapeake Energy Corp.
Amount:	$3.5 million
Maturity:	April 30, 2007
Coupon:	11%, paid quarterly
Price:	Par
Payout at maturity:	If Chesapeake Energy stock falls below $25.58 during the life of the notes and finishes below its initial price, shares of Chesapeake Energy stock equal to $1,000 divided by the initial price; otherwise, par in cash
Initial share price:	$31.98
Barrier price:	$25.58, 80% of initial share price
Pricing date:	Oct. 30
Settlement date:	Oct. 31
Agent:	Societe Generale
Distributor:	Countrywide Securities Corp.

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