Societe Generale to price 15% Tempo ReConvs linked to Goodyear

By Laura Lutz

Washington, Feb. 6 - Societe Generale, New York Branch plans to price 15% Tempo ReConvs due Feb. 28, 2008 linked to The Goodyear Tire & Rubber Co. common stock via Societe Generale, according to a term sheet.

Countrywide Securities Corp. is the distributor.

Interest will be payable quarterly.

The notes will be automatically redeemed in whole if the closing price of the reference shares exceeds the initial share price on May 21, Aug. 22 or Nov. 21. The redemption price will be par plus accrued interest.

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

The notes will price on Feb. 23 and settle on Feb. 28.

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

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