Societe Generale plans 20-year callable capped notes on CMS rates

By Susanna Moon

Chicago, July 9 - SG Structured Products, Inc. plans to price callable capped notes due July 30, 2032 linked to the 30-year and two-year Constant Maturity Swap rates, according to a term sheet.

Societe Generale, New York Branch is the guarantor.

The coupon will be 10% for the first two years. After that, it will accrue at four times the spread of the 30-year CMS rate over the two-year CMS rate, up to a maximum rate of 10%. Interest will be payable quarterly and cannot be less than zero.

The payout at maturity will be par.

The notes are callable at par on any quarterly interest payment date beginning on July 31, 2013.

SG Americas Securities, LLC will act as agent.

The notes will price on July 26 and settle on July 31.

The Cusip number is 78423EBR4.

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