Societe Generale to price 13% ReConvs linked to Potash of Saskatchewan

By Laura Lutz

Washington, March 8 - Societe Generale, New York Branch plans to price 13% ReConvs due March 28, 2008 linked to Potash Corp. of Saskatchewan common stock via Societe Generale, according to a term sheet.

Countrywide Securities Corp. is the distributor.

Interest will be payable quarterly.

At maturity, investors will receive par unless Potash 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 Potash shares equal to $1,000 divided by the initial share price.

The notes will price on March 29 and settle on March 30.

Societe Generale will issue up to $10 million of the securities.

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