Societe Generale to price 16.75% Tempo ReConvs linked to SiRF Technology

By Laura Lutz

Washington, March 8 - Societe Generale, New York Branch plans to price 16.75% Tempo ReConvs due Sept. 28, 2008 linked to SiRF Technology Holdings Inc. 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 SiRF Technology shares exceeds the initial share price on June 29. The redemption price will be par plus accrued interest.

At maturity, investors will receive par unless SiRF Technology 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 SiRF Technology 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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