New Issue: Societe Generale sells $6 million of 10.25% ReConvs linked to Archer-Daniels

By Laura Lutz

Washington, Dec. 13 - Societe Generale, New York Branch priced an issue of $6 million of 10.25% ReConvs notes due Nov. 30, 2007 linked to Archer-Daniels-Midland Co., according to a term sheet.

If Archer-Daniels stock falls to or below the contingent protection level of $27.58, 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 $34.47 initial price, in stock (29 shares plus fractions in cash) or the equivalent in cash.

Otherwise, the payout is par.

Countrywide Securities Corp. acted as distributor.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying security:	Archer-Daniels-Midland Co.
Amount:	$6 million
Maturity:	Nov. 30, 2007
Coupon:	10.25%
Payment at maturity:	If Archer-Daniels stock falls below the contingent protection level of $27.58 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $34.47 initial price, in stock (29 shares plus fractions in cash) or equivalent in cash; otherwise par
Initial price:	$34.47
Contingent protection level:	$27.58, 80% of the initial level
Pricing date:	Nov. 29
Settlement date:	Nov. 30
Agent:	Societe Generale
Distributor:	Countrywide Securities Corp.

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