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Societe Generale to price 14% ReConvs linked to JDS Uniphase
By Laura Lutz
Washington, Dec. 5 - Societe Generale, New York Branch plans to price an issue of 14% ReConvs due Dec. 27, 2007 linked to JDS Uniphase Corp. common stock via Societe Generale, according to a term sheet.
Countrywide Securities Corp. is the distributor.
Interest will be payable quarterly.
At maturity, investors will receive par unless JDS Uniphase stock falls below the knock-in price - 70% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of JDS Uniphase shares equal to $1,000 divided by 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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