New Issue: Societe Generale prices $11 million 16% reverse convertibles linked to Arch Coal

By Jennifer Chiou

New York, Nov. 7 - Societe Generale, New York Branch priced an $11 million issue of 16% ReConvs due Oct. 31, 2007 linked to Arch Coal, Inc. stock via Societe Generale, according to a term sheet.

Countrywide Securities Corp. was the distributor.

Payout at maturity will be par in cash unless Arch Coal stock falls below the barrier price of $24.19 during the life of the notes and finishes below its initial price on the valuation day, Oct. 25, 2007, in which case payout will be a number of Arch Coal shares equal to $1,000 divided by the initial share price.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying stock:	Arch Coal, Inc.
Amount:	$11 million
Maturity:	Oct. 31, 2007
Coupon:	16%, paid quarterly
Price:	Par
Payout at maturity:	If Arch Coal stock falls below $24.19 during the life of the notes and finishes below its initial price, shares of Arch Coal stock equal to $1,000 divided by the initial price; otherwise, par in cash
Initial share price:	$34.56
Barrier price:	$24.19, 70% of initial share price
Pricing date:	Oct. 30
Settlement date:	Oct. 31
Agent:	Societe Generale
Distributor:	Countrywide Securities Corp.

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