New Issue: Societe Generale sells $500,000 14% ReConvs linked to Qualcomm

By Susanna Moon

Chicago, Sept. 7 - Societe Generale, New York Branch priced $500,000 of 14% ReConvs notes due Feb. 29, 2008 linked to Qualcomm Inc. stock, according to a term sheet.

Interest is payable monthly.

If the stock falls to or below the limit price of $30.30, or 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 $37.87 initial 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:	Qualcomm Inc. (Nasdaq: QCOM)
Amount:	$500,000
Maturity:	Feb. 29, 2008
Coupon:	14%, payable monthly
Payment at maturity:	If the stock falls below the limit price of $30.30 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $37.87 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$37.87
Limit price:	$30.30, or 80% of the initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agents:	Societe Generale (lead), Countrywide Securities Corp. (co-agent)
Fees:	3.5% (maximum)

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