New Issue: Societe Generale sells $750,000 17.6% Tempo ReConvs linked to SunPower

By Laura Lutz

Des Moines, May 10 - Societe Generale, New York Branch priced $750,000 of 17.6% Tempo ReConvs notes due Oct. 26, 2007 linked to SunPower Corp. stock, according to a term sheet.

The notes will be automatically redeemed in whole if the closing price of SunPower stock exceeds the initial share price of $59.08 on July 23, 2007. The redemption price will be par plus accrued interest.

If SunPower stock falls to or below the contingent protection level of $47.26, 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 initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

SG Americas Securities, LLC is principal agent with Countrywide Securities Corp. as agent.

Issuer:	Societe Generale, New York Branch
Issue:	Tempo ReConvs
Underlying security:	SunPower Corp.
Amount:	$750,000
Maturity:	Oct. 26, 2007
Coupon:	17.6%
Payment at maturity:	If SunPower stock falls below the contingent protection level of $47.26 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $59.08 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$59.08
Contingent protection level:	$47.26, 80% of the initial level
Call:	Automatically redeemed for par plus accrued interest if the closing price of SunPower stock exceeds $59.08 on July 23, 2007
Pricing date:	April 26
Settlement date:	April 27
Agents:	SG Americas Securities, LLC, Countrywide Securities Corp.
Fee:	3.5% (maximum)

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