Societe Generale plans three-year 3.25%-3.75% notes based on S&P 500

By Susanna Moon

Chicago, Dec. 8 - Societe Generale, New York Branch plans to price single index fixed-rate series 2010-80 coupon notes due Dec. 31, 2013 linked to the S&P 500 index, according to a term sheet.

The coupon will be 3.25% to 3.75%, payable semiannually, with the exact rate to be set at pricing.

The payout at maturity will be par unless the index falls by more than the buffer - 50% of the initial level.

If the index drops below the buffer, investors will lose 1% for each 1% decline beyond 50%.

The notes (Cusip 78423AA93) will price on Dec. 21 and settle on Dec. 29.

Societe Generale is the agent. Advisors Asset Management, Inc. is the distributor.

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