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Societe Generale to price 18% ReConvs linked to Weatherford International
By Jennifer Chiou
New York, June 12 - Societe Generale, New York Branch plans to price 18% annualized ReConvs due Sept. 28, 2007 linked to Weatherford International Ltd. common stock.
Interest will be payable quarterly.
At maturity, investors will receive par unless Weatherford International stock falls below the knock-in price - 90% 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 Weatherford International shares equal to $1,000 divided by the initial share price.
The notes will price on June 26 and settle on June 29.
Societe Generale is the underwriter.
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