Societe Generale to price 4% ReConvs linked to Titanium Metals

By Laura Lutz

Washington, Dec. 5 - Societe Generale, New York Branch plans to price an issue of 4% ReConvs due Dec. 27, 2007 linked to Titanium Metals Corp. common stock via Societe Generale, according to a term sheet.

Countrywide Securities Corp. is the distributor.

Interest will be payable quarterly.

At maturity, if Titanium stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, investors will receive a number of Titanium shares equal to $1,000 divided by the initial share price.

If Titanium stock finishes above the initial share price, investors will receive cash equal to $1,000 plus $1,000 times the minimum of 12% and the performance percentage. The performance percentage will be defined as two times the quotient of the final share price minus the initial share price and the initial share price.

The notes will price on Dec. 26 and settle on Dec. 27.

Societe Generale will issue up to $10 million of the securities.

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