New Issue: Societe Generale sells $750,000 17.75% ReConvs linked to SanDisk

By Laura Lutz

Des Moines, Oct. 9 - Societe Generale, New York Branch priced $750,000 of 17.75% ReConvs notes due March 28, 2008 linked to SanDisk Corp. stock, according to a term sheet.

If SanDisk stock falls to or below the contingent protection level of $41.80, 80% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be a number of shares equal to par divided by the $52.25 initial price 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 security:	SanDisk Corp. (Symbol: SNDK)
Amount:	$750,000
Maturity:	March 28, 2008
Coupon:	17.75%, payable monthly
Payment at maturity:	If SanDisk stock falls below the contingent protection level of $41.80 during the life of the notes and finishes below the initial price, payout will be a number of shares equal to par divided by the $52.25 initial price or equivalent in cash; otherwise par
Initial price:	$52.25
Contingent protection level:	$41.80, 80% of the initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agents:	Societe Generale (lead), Countrywide Securities Corp. (co-agent)
Fee:	3.5% (maximum)

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