New Issue: Societe Generale prices $1.545 million 12% reverse convertibles linked to Qualcomm

By Jennifer Chiou

New York, Nov. 7 - Societe Generale, New York Branch priced a $1.545 million issue of 12% ReConvs due Oct. 19, 2007 linked to Qualcomm 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 Qualcomm stock falls below the barrier price of $26.81 during the life of the notes and finishes below its initial price on the valuation day, Oct. 15, 2007, in which case payout will be a number of Qualcomm shares equal to $1,000 divided by the initial share price.

Issuer:	Societe Generale, New York Branch
Issue:	ReConvs
Underlying stock:	Qualcomm Inc.
Amount:	$1.545 million
Maturity:	Oct. 19, 2007
Coupon:	12%, paid quarterly
Price:	Par
Payout at maturity:	If Qualcomm stock falls below $26.81 during the life of the notes and finishes below its initial price, shares of Qualcomm stock equal to $1,000 divided by the initial price; otherwise, par in cash
Initial share price:	$38.30
Barrier price:	$26.81, 70% of initial share price
Pricing date:	Oct. 30
Settlement date:	Oct. 31
Agent:	Societe Generale
Distributor:	Countrywide Securities Corp.

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