New Issue: Societe Generale sells $2.5 million 13% ReConvs linked to Peabody

By Laura Lutz

Washington, Feb. 1 - Societe Generale, New York Branch priced $2.5 million of 13% ReConvs notes due Jan. 31, 2008 linked to Peabody Energy Corp. stock, according to a term sheet.

If Peabody stock falls to or below the contingent protection level of $32.55, 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 $40.69 initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

SG Americas Securities, LLC was principal agent and Countrywide Securities Corp. acted as distributor.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying security:	Peabody Energy Corp.
Amount:	$2.5 million
Maturity:	Jan. 31, 2008
Coupon:	13%
Payment at maturity:	If Peabody stock falls below the contingent protection level of $32.55 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $40.69 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$40.69
Contingent protection level:	$32.55, 80% of the initial level
Pricing date:	Jan. 30
Settlement date:	Jan. 31
Agent:	SG Americas Securities, LLC, Countrywide Securities Corp.
Fee:	3.5%

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