FINAL TERMS Dated 13 March 2015 SOCIÉTÉ GÉNÉRALE EFFEKTEN GMBH ISSUE OF CASH SETTLED OPEN ENDED INDEX LINKED WARRANTS

Transkript

1 FINAL TERMS Dated 1 March 2015 SOCIÉTÉ GÉNÉRALE EFFEKTEN GMBH ISSUE OF CASH SETTLED OPEN ENDED INDEX LINKED WARRANTS Unconditionally and irrevocably guaranteed by Société Générale under the 75,000,000,000 Warrants Issuance Programme PART A CONTRACTUAL TERMS Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth under the heading "Terms and Conditions of the Warrants" in the base prospectus dated 2 July 2014 (which constitutes a Base Prospectus for the purposes of article 5.4 of the Prospectus Directive 200/71/EC) (the Prospectus Directive) as amended (which includes the amendments made by Directive 2010/7/EU (the 2010 PD Amending Directive) to the extent that such amendments have been implemented in a Member State). This document constitutes the Final Terms of each Issue of Warrants described herein for the purposes of Article 5.4 of the Prospectus Directive and Article 8.4 of the loi luxembourgeoise relative aux prospectus pour valeurs mobilières dated 10 July 2005, as amended, which implements the Prospectus Directive and must be read in conjunction with the Base Prospectus and the supplements to such Base Prospectus dated 1 August 2014, 15 October 2014, 1 December 2014, 10 December 2014, 4 March 2015 and any other supplement published prior to the Issue Date (as defined in the Issue Specific Information Table below) (Supplement(s)); provided, however, that to the extent such Supplement (i) is published after these Final Terms have been signed or issued and (ii) provides for any change to the Terms and Conditions as set out under the heading "Terms and Conditions of the Warrants", such change(s) shall have no effect with respect to the terms and conditions of the Warrants to which these Final Terms relate. Full information on the Issuer, the Guarantor and the offer of the Warrants is only available on the basis of the combination of these Final Terms, the Base Prospectus and any Supplement(s). A summary of the Warrants (which comprises the summary in the Base Prospectus as amended to reflect the provisions of these Final Terms) is annexed to these Final Terms. Copies of the Base Prospectus, any Supplement(s) and these Final Terms are available for inspection from the head office of the Issuer, the Guarantor, the specified offices of the Paying Agents and on the website of the Issuers ( These Final Terms relate to multiple Issues of Warrants, more particularly described in the "Issue Specific Information Table" below. References herein to "Warrants" shall be deemed to be references to each Issue of Warrants described in the Issue Specific Information Table and references to "Warrants" shall be construed accordingly.

2 ISSUE SPECIFIC INFORMATION TABLE Issue Parity (for the purposes of Part A 16) Number of Warrants (for the purposes of Part A ) Issue Price per Warrant (for the purposes of Part A 4) ExercisePriceInitial (for the purposes of Part A 29 (ii)) StopLossLevelInitial (for the purposes of Part A 29 (ii)) ISIN Code (for the purposes of Part B 6 (i)) Local Code (for the purposes of Part B 6 (i)) A ,500,000 SEK 4.5 EUR EUR DE000SG5VF15 MINISHRT DAX F8 SG B ,500,000 SEK 5.96 EUR EUR DE000SG5VF2 MINISHRT DAX F9 SG C ,500,000 SEK 7.04 EUR EUR DE000SG5VF1 MINISHRT DAX G1 SG D ,500,000 SEK 9.2 EUR EUR DE000SG5VF49 MINISHRT DAX G2 SG E ,500,000 SEK 17.8 EUR EUR DE000SG5VF56 MINISHRT DAX G SG F ,500,000 SEK.99 EUR EUR DE000SG5VF64 MINISHRT DAX G4 SG G ,500,000 SEK EUR EUR DE000SG5VF72 MINISHRT DAX G5 SG H ,500,000 SEK 1.2 EUR EUR DE000SG5VF80 MINISHRT SX5E C6 SG I ,500,000 SEK 1.57 EUR EUR DE000SG5VF98 MINISHRT SX5E C7 SG J ,500,000 SEK 2.07 EUR EUR DE000SG5VGA MINISHRT SX5E C8 SG K ,500,000 SEK 2.92 EUR EUR DE000SG5VGB1 MINISHRT SX5E C9 SG L ,500,000 SEK 4.4 EUR EUR DE000SG5VGC9 MINISHRT SX5E D1 SG M 1 200,000 SEK SEK SEK DE000SG5VGD7 MINISHRT G8 SG N 1 200,000 SEK SEK SEK DE000SG5VGE5 MINISHRT G9 SG O 1 200,000 SEK 7.45 SEK SEK DE000SG5VGF2 MINISHRT H1 SG P 1 200,000 SEK SEK SEK DE000SG5VGG0 MINISHRT H2 SG Q 1 200,000 SEK SEK SEK DE000SG5VGH8 MINISHRT H SG R 1 200,000 SEK SEK SEK DE000SG5VGJ4 MINISHRT H4 SG S 1 200,000 SEK SEK SEK DE000SG5VGK2 MINISHRT H5 SG T 1 200,000 SEK SEK SEK DE000SG5VGL0 MINISHRT H6 SG

3 U 100 1,000,000 SEK USD USD DE000SG5VGM8 MINISHRT NASD D8 SG V 100 1,000,000 SEK USD USD DE000SG5VGN6 MINISHRT NASD D9 SG W 100 1,000,000 SEK 2.58 USD USD DE000SG5VGP1 MINISHRT NASD E1 SG Issue TurboCurrency (for the purposes of Part A 29 (ii)) BaseCurrency (for the purposes of Part A 29 (ii)) A EUR EUR B EUR EUR C EUR EUR D EUR EUR E EUR EUR F EUR EUR G EUR EUR TimeReferenceOpening (for the purposes of Part A 29 (ii)) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled opening Frankfurter Wertpapierbörse (FWB, the Frankfurt ) TimeReferenceClosing (for the purposes of Part A 29 (ii)) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) the scheduled closing Frankfurter Wertpapierbörse (FWB, the Frankfurt ) FinancingSpread for the purposes of %FinancingRate(i)( as defined in Part A 29 (ii)) %DistRate_Constant for the purposes %DistRate(i) (as defined in Part A 29 (ii)) %RepoRateInitial for the purposes of %RepoRate(i) (as defined in Part A 29 (ii)) -2.50% 0.00% 0.00% -2.50% 0.00% 0.00% -2.50% 0.00% 0.00% -2.50% 0.00% 0.00% -2.50% 0.00% 0.00% -2.50% 0.00% 0.00% -2.50% 0.00% 0.00%

4 H EUR EUR 09:00 CET 18:00 CET -2.50% % 0.00% I EUR EUR 09:00 CET 18:00 CET -2.50% % 0.00% J EUR EUR 09:00 CET 18:00 CET -2.50% % 0.00% K EUR EUR 09:00 CET 18:00 CET -2.50% % 0.00% L EUR EUR 09:00 CET 18:00 CET -2.50% % 0.00% M SEK SEK N SEK SEK O SEK SEK P SEK SEK Q SEK SEK R SEK SEK S SEK SEK T SEK SEK U USD USD V USD USD W USD USD the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening holm the scheduled opening NASDAQ Market the scheduled opening NASDAQ Market the scheduled opening NASDAQ Market the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing holm the scheduled closing NASDAQ Market the scheduled closing NASDAQ Market the scheduled closing NASDAQ Market -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00% -2.50% % 0.00%

5 Iss ue ReutersFXScree npage (for the purposes of Part A 1 and A 14) %FinancingRate_ Name for the purposes of %Financing Rate(i) (as defined in Part A 29 (ii)) %FinancingRate_Scre enpage for the purposes of %Financing Rate(i) (as defined in Part A 29 (ii)) %Percentage_I nitial for the purposes of %Percentage(i) (as defined in Part A 29 (ii)) TimeRange for the purposes of StopLossEventP eriod (as defined in Part A 29 (ii)) TimeLimit for the purposes of StopLossEventP eriod (as defined in Part A 29 (ii)) RequiredObservation Period for the purposes of StopLossEventPerio d (as defined in Part A 29 (ii)) A EURSEK= EONIA rate EONIA= Reuters -1.50% B EURSEK= EONIA rate EONIA= Reuters -1.50% C EURSEK= EONIA rate EONIA= Reuters -1.50% D EURSEK= EONIA rate EONIA= Reuters -1.50% E EURSEK= EONIA rate EONIA= Reuters -1.50% the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to

6 F EURSEK= EONIA rate EONIA= Reuters -1.50% G EURSEK= EONIA rate EONIA= Reuters -1.50% H EURSEK= EONIA rate EONIA= Reuters -1.50% I EURSEK= EONIA rate EONIA= Reuters -1.50% J EURSEK= EONIA rate EONIA= Reuters -1.50% K EURSEK= EONIA rate EONIA= Reuters -1.50% the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early or the hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to or the

7 L EURSEK= EONIA rate EONIA= Reuters -1.50% M Not applicable STIBORTN rate N Not applicable STIBORTN rate O Not applicable STIBORTN rate P Not applicable STIBORTN rate Q Not applicable STIBORTN rate R Not applicable STIBORTN rate STIBORTN= Reuters STIBORTN= Reuters STIBORTN= Reuters STIBORTN= Reuters STIBORTN= Reuters STIBORTN= Reuters -1.50% -1.50% -1.50% -1.50% -1.50% -1.50% the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to or the hours prior to

8 S Not applicable STIBORTN rate T Not applicable STIBORTN rate U SEK= USD Libor 1 Month V SEK= USD Libor 1 Month W SEK= USD Libor 1 Month STIBORTN= Reuters STIBORTN= Reuters USD1MFSR= Reuters USD1MFSR= Reuters USD1MFSR= Reuters -1.50% -1.50% -2.00% -2.00% -2.00% the occurrence of an Early the period of the occurrence of an Early the period of the occurrence of an Early the period of 6 the occurrence of an Early the period of 6 the occurrence of an Early the period of 6 the occurrence of an Early or the hours prior to or the hours prior to or the 6 hours prior to or the 6 hours prior to or the 6 hours prior to or the 6 6 6

9 1. Date on which the Warrants become fungible: Not applicable 2. (i) Settlement Currency: SEK (ii) Currency conversion in accordance with Condition 1 of the General Terms and Conditions: Applicable. Number of Warrants: See the Issue Specific Information Table in respect of each Issue of Warrants 4. Issue Price: See the Issue Specific Information Table in respect of each Issue of Warrants 5. Issue Date: 1 March Notional Amount per Warrant: Not applicable 7. Expiration Date (Fixed Scheduled Exercise Style Warrants): The Warrants are Open-ended Warrants. Condition 5.1 of the General Terms and Conditions applies. 8. (i) Settlement Date: The Warrants are Open-ended Warrants (ii) Scheduled Settlement Date: Not applicable 9. Type of Warrants: Fixed Scheduled Exercise The Warrants are Put Warrants. The Warrants are Index Linked Warrants. The Warrants are Turbo Warrants. The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions relating to One- Delta, Fixed Leverage and Turbo Warrants Additional Terms and Conditions for Index Linked Warrants Such Additional Terms and Conditions contain, amongst others, the provisions for determining any amount where calculation is impossible or impracticable 10. Reference of the Product:..1 "Turbo", as described in the Additional Terms and Conditions relating to One-Delta, Fixed

10 Leverage and Turbo Warrants PROVISIONS RELATING TO SETTLEMENT 11. Type of Settlement: The Warrants are Cash Settled Warrants 12. Cash Settlement Amount: As set out in Condition 5.1 of the General Terms and Conditions 1. Conversion Rate: Means the rate of conversion between the Settlement Currency and the currency in which the Cash Settlement Amount is denominated. If the currency in which ExercisePriceInitial is expressed (as specified in the Issue Specific Information Table) is the same as the Settlement Currency, then the applicable Conversion Rate will be equal to 1. If the currency in which ExercisePriceInitial is expressed (as specified in the Issue Specific Information Table) is not the same as the Settlement Currency, the applicable Conversion Rate will be the rate of exchange published by the WM Company on the Final Valuation Date as of the closing fixing time of the WM Company (or, in case of an Event-linked Early Expiration, the rate published by Reuters at the time of an Early ) for conversion of any amount from the currency in which the ExercisePriceInitial is expressed as specified in the Issue Specific Information Table for the relevant Warrant, into the Settlement Currency. The Conversion Rates published by the WM Company are published on the Bloomberg s WMCO, (or, in case of an Event-linked Early Expiration, the Conversion Rates are published by Reuters on the ReutersFXScreenPage as specified in the Issue Specific Information Table in respect of each Issue of Warrants). 14. Substitute Conversion Rate: If any Conversion Rate is not displayed on the Bloomberg s WMCO or, in case of an Eventlinked Early Expiration, on the ReutersFXScreenPage as specified in the Issue Specific Information Table in respect of each Issue of Warrants, (or, if applicable and in either case, any successor service or used by the Calculation Agent for the purpose of ascertaining such rate) for a

11 period of more than 7 Valuation Dates and such rate is, in the opinion of the Calculation Agent, reasonably expected to be discontinued (such rate then being the "Discontinued Conversion Rate") then the Calculation Agent shall determine the Conversion Rate (a) by selecting a successor rate for such Discontinued Conversion Rate which offers similar economic characteristics to the Discontinued Conversion Rate or, if the Calculation Agent determines that no such successor rate exists, (b) on the basis of such other information it deems, acting in good faith, to be appropriate. 15. Physical Delivery Warrant Provisions: Not applicable 16. Parity: See the Issue Specific Information Table in respect of each Issue of Warrants 17. Final Settlement Price: Unless previously exercised or cancelled in accordance with the Terms and Conditions, the Final Settlement Price for each Warrant will be determined in accordance with the following provisions: Condition..1.2 the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants shall apply as follows: Final Settlement Price = UnderlyingPrice_FSP(T) / FX(T) 18. Averaging Date(s): Not applicable 19. Optional Early Expiration at the option of the Issuer: Applicable (i) Optional Early Settlement Amount: Determined in accordance with Option of Condition 5.6 of the General Terms and Conditions. (ii) Optional Early Settlement Price: Determined in accordance with Option of Condition 5.6 of the General Terms and Conditions. (iii) Optional Early Expiration in Part: Not applicable (iv) Optional Early Settlement Valuation Date: Means the third Valuation Date following the date of the notice by which the Issuer has notified the Warrantholders that the relevant Issue of Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions.

12 (v) Notice Period: Means the period starting on the date of the notice by which the Issuer has notified Warrantholders that the relevant Issue of Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions and ending on the Optional Early Expiration Date. (vi) Optional Early Expiration Date: Means a date specified by the Issuer in the notice given to the Warrantholders, which shall be not earlier than the fourth Valuation Date following the date of the notice by which the Issuer has notified the Warrantholders that the relevant Issue of Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6 of the General Terms and Conditions. (vii) Optional Early Settlement Date: Not later than the twelfth Business Day following the Optional Early Expiration Date. 20. Optional Early Expiration at the option of the Warrantholder: Not applicable 21. Event-linked Early Expiration: Applicable in accordance with Condition 5.10 of the General Terms and Conditions (i) Early : Condition..1.1 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants shall apply as follows: An Early is deemed to have occurred if on any Valuation Date(i), and on any Calculation Time (v), Price(i,v) is higher than or equal to StopLossLevelCurrent(i) (even if such Valuation Date(i) is subject to a Market Disruption Event). (ii) Event-linked Early Settlement Amount: Means an amount equal to the excess of the Exercise Price over the Event-linked Early Settlement Price, then divided by the Parity. (iii) Event-linked Early Settlement Price: Condition..1.1 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants shall apply as follows: Unless previously exercised or cancelled in accordance with the Terms and Conditions, the Event-linked Early Settlement Price for each Warrant shall be the Early Settlement Price for each Warrant which will be determined in accordance with the

13 following provisions: Early Settlement Price(i) = UnderlyingPrice_ESP(i) / FX(i) (iv) Event-linked Early Expiration Period: (v) Event-linked Early Expiration Date: (vi) Event-linked Early Settlement Date: (vii) Event-linked Early Expiration Minimum Notice Period: 22. Trigger early settlement at the option of the Issuer: 2. Early Trigger Level Settlement Amount(s) payable: Not applicable The day on which an Early occurs Not later than the twelfth Business Day following the occurrence of an Early. Not applicable Applicable as per Condition 5.8 of the General Terms and Conditions As per Condition 5.8 of the General Terms and Conditions 24. Structured Amount Warrants: Not applicable PROVISIONS RELATING TO EXERCISE 25. Exercise: Automatic Exercise (i) Exercise Price: ExercisePriceInitial (which is specified in the Issue Specific Information Table in respect of each Issue of Warrants) (subject to the provisions of Condition..0.2 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants) Exercise Price Adjustment without Foreign Guarantee Applicable The Exercise Price (i) in respect of any Valuation Date(i) is determined in accordance with the following: On Valuation Date(0): Exercise Price (0) = ExercisePriceInitial For each subsequent Valuation Date(i), Exercise Price(i) shall be determined in accordance with the following formula: Exercise Price (i) = Exercise Price(i-1) x (1 +

14 %FinancingRate(i-1) - %RepoRate(i))^(ACT(i- 1;i)/DayCountBasis) - %DistRate(i) x Dist(i) Where %FinancingRate, DayCountBasis, %DistRate and %RepoRate(i) are defined in paragraph 29 (ii) below. ExercisePriceInitial is specified in the Issue Specific Information Table in respect of each Issue of Warrants. Exercise Price Adjustment with Foreign Guarantee Not applicable (ii) Minimum Exercise Number: Not applicable (iii) Maximum Exercise Number: Not applicable (iv) Units Not applicable 26. Credit Linked Warrants Provisions Not applicable 27. Bond Linked Warrants Provisions Not applicable PROVISIONS APPLICABLE TO THE UNDERLYING(S) IF ANY 28. (i) Underlying(s): In respect of each Issue of Warrants, see information relating to the relevant Underlying for the Warrant in the "Table of Information for each Underlying" below. Table of Information for each Underlying: Issue Index name Bloomberg A DAX Index DAX IND B DAX Index DAX IND C DAX Index DAX IND D DAX Index DAX IND E DAX Index DAX IND F DAX Index DAX IND G DAX Index DAX IND Index Sponsor Deutsche Börse AG Deutsche Börse AG Deutsche Börse AG Deutsche Börse AG Deutsche Börse AG Deutsche Börse AG Deutsche Börse AG Frankfurt Frankfurt Frankfurt Frankfurt Frankfurt Frankfurt Frankfurt Website H EURO SX5E IND STOXX Each

15 I J K L M N O P Q R S T U STOXX 50 INDEX EURO STOXX 50 INDEX EURO STOXX 50 INDEX EURO STOXX 50 INDEX EURO STOXX 50 INDEX holm 0 Index holm 0 Index holm 0 Index holm 0 Index holm 0 Index holm 0 Index holm 0 Index holm 0 Index NASDAQ 100 Index SX5E IND SX5E IND SX5E IND SX5E IND IND IND IND IND IND IND IND IND NASDAQ 100 Limited STOXX Limited STOXX Limited STOXX Limited STOXX Limited AB (publ) AB (publ) AB (publ) AB (publ) AB (publ) AB (publ) AB (publ) AB (publ) NASDAQ exchange on which securities comprised in the Index are traded Each exchange on which securities comprised in the Index are traded Each exchange on which securities comprised in the Index are traded Each exchange on which securities comprised in the Index are traded Each exchange on which securities comprised in the Index are traded holm holm holm holm holm holm holm holm The NASDAQ aspx

16 V W NASDAQ 100 Index NASDAQ 100 Index (ii) NASDAQ 100 NASDAQ 100 NASDAQ NASDAQ Information relating to the past and future performances of the Underlying(s) and volatility: Market The NASDAQ Market The NASDAQ Market aspx aspx Information relating to the performance of each Underlying is available on the relevant website specified above and details regarding the volatility of each Underlying can be obtained on the relevant Bloomberg specified above and upon request, at the London office of Société Générale and at the office of the Agent. (iii) Provisions relating, amongst others, to the Market Disruption Event(s) and/or Extraordinary Event(s) and/or Monetisation until the Expiration Date and/or any additional disruption event as described in the relevant Additional Terms and Conditions: The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions for Index Linked Warrants (iv) Other information relating to the Underlying(s): Information or summaries of information included herein with respect to the Underlying(s), has been extracted from general databases released publicly or by any other available information. Each of the Issuer and the Guarantor confirms that such information has been accurately reproduced and that, so far as it is aware and is able to ascertain from information published, no facts have been omitted which would render the reproduced information inaccurate or misleading. DEFINITIONS 29. (i) Definitions relating to date(s): Applicable Valuation Date(s) Valuation Date(i) means each Scheduled Trading Day from (and including) the Initial Valuation Date to (and including) the Final Valuation Date. Valuation Date(0) means the Initial Valuation Date, and for each subsequent day (i), Valuation Date(i) is the Scheduled Trading Day immediately following

17 Valuation Date(i-1). Initial Valuation Date means 10 March 2015 Final Valuation Date or Valuation Date(T) means the Optional Early Settlement Valuation Date (if any). (ii) Definitions relating to the Product: Applicable, subject to the provisions of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants. Specific Definitions relating to the determination of the Product Formula Dist(i) means, for any Valuation Date(i), the Gross Ordinary Distributions, in respect of the Underlying, which may be detached with an ex date between Valuation Date(i-1) excluded and Valuation Date(i) included. FX(i) means, for any Valuation Date(i), the spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the TurboCurrency in respect of such Valuation Date(i), as published by the FXSource, or any successor thereto. If no such rate is available on such Valuation Date(i), FX(i) shall be the first available spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the TurboCurrency following such day, as published by the FXSource, or any successor thereto. Price(i,v) If, in respect of any Issue of Warrants, the BaseCurrency and the TurboCurrency are the same, FX(i) shall be equal to 1. means, in respect of each Valuation Date(i) and Calculation Time(v), the Intraday Price of the Underlying as defined in the Additional Terms and Conditions for Index Linked Warrants as of such Valuation Date(i) and Calculation Time(v). Price(i) Calculation Time StopLossLevelCurrent(i) means, in respect of each Valuation Date(i), the Reference Price of the Underlying as of such Valuation Date(i), subject to the adjustments and provisions of the Additional Terms and Conditions for Index Linked Warrants. means with respect to the Underlying, any time between the TimeReferenceOpening and the TimeReferenceClosing. means, in respect of Valuation Date(i), a level which is determined in accordance with the following formulae: StopLossLevelCurrent(0) = StopLossLevelInitial

18 For each Valuation Date(i) subsequent to the Initial Valuation Date: if Valuation Date(i) is an Actualisation Date: StopLossLevelCurrent(i) = Exercise Price(i) x (1 + %Percentage(i)) if Valuation Date(i) is not an Actualisation Date: StopLossLevelCurrent(i) = StopLossLevelCurrent(i-1) UnderlyingPrice_ESP(i) UnderlyingPrice_ESP(i) means, in respect of Valuation Date(i), the value of the Underlying determined by the Calculation Agent on the basis of the price obtained in unwinding the hedging transactions entered into in connection with the Warrants during the StopLossEventPeriod immediately following the occurrence of an Early. UnderlyingPrice_ESP will be at the maximum the highest quotation of the Underlying ascertained by the Calculation Agent during such StopLossEventPeriod. UnderlyingPrice_FSP(i) means, in respect of Valuation Date(i), Price(i). Actualisation Date Applicable Rates means: 1) the 15th calendar day of each calendar month or if such date is not a Valuation Date, the immediately succeeding Valuation Date; and 2) each day as of which any event or corporate action which gives rise to an adjustment made by the Calculation Agent in respect of the Additional Terms and Conditions for Index Linked Warrants occurs or which is an ex date in respect of a Gross Ordinary Distribution for the Underlying. %DistRate(i) means %DistRate_Constant The level of %DistRate(i) is forced to %DistRate_Constant in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants %DistRate_Constant is specified in the Issue Specific Information Table in respect of each Issue of Warrants %FinancingRate(i) means, for each Valuation Date(i):

19 (i) the level of the %FinancingRate_Name for such Valuation Date(i) (as displayed on the Reuters " %FinancingRate_ScreenPage, or any successor service or used by the Calculation Agent for the purposes of ascertaining such rate); or (ii) the last available level displayed on the %FinancingRate_ScreenPage Reuters (or any successor service or used by the Calculation Agent for the purposes of ascertaining such rate), if a level of the %FinancingRate_Name dated as of such Valuation Date(i) is not available on such, in both cases as determined by the Calculation Agent. PROVIDED THAT if in the case of (ii) above %FinancingRate_Name is not displayed under the %FinancingRate_ScreenPage Reuters (or, if applicable, any successor service or used by the Calculation Agent for the purpose of ascertaining such rate) for a period of more than 7 Scheduled Trading Days and such rate is, in the opinion of the Calculation Agent, reasonably expected to be discontinued (such rate then being the "Discontinued Rate") then the Calculation Agent shall determine the relevant benchmark rate used in calculating %FinancingRate(i) (a) by selecting a successor rate for such Discontinued Rate which offers similar economic characteristics to the Discontinued Rate or, if the Calculation Agent determines that no such successor rate exists, (b) in good faith and in a commercially reasonable manner on the basis of the cost that Société Générale would charge or be charged to borrow cash in the Base Currency on an overnight basis and, in both cases (a) and (b), publish the relevant benchmark rate used in calculating %FinancingRate(i) on the website with (i) or (ii) (as the case may be) increased by the applicable FinancingSpread. The level of %FinancingRate(i) is substituted with the above market rate subject to application of a spread in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. FinancingSpread, %FinancingRate_Name, %FinancingRate_ScreenPage are specified in the Issue Specific Information Table in respect of each Issue of Warrants.

20 %Percentage(i) means, for each Valuation Date(i), a percentage applied to the Exercise Price to determine the StopLossLevelCurrent as determined by the Calculation Agent. %Percentage(i) is initially equal to %Percentage_Initial and will be subject to a minimum level of minus ten per cent. (- 10%) and a maximum level of zero per cent. (0%). The level of %Percentage is subject to a floor, a cap and an initial level in accordance with Condition 2.5(ii) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. %Percentage_Initial is specified in the Issue Specific Information Table in respect of each Issue of Warrants. %RepoRate(i) means %RepoRateInitial as of Valuation Date(0). For each subsequent Valuation Date(i), the value of %RepoRate(i) may be amended by the Calculation Agent in order to reflect the cost or gain that would be incurred by the Issuer (or any of its Affiliates) if it were to borrow or lend hedging instruments in respect of the Warrant. Variable Data BaseCurrency StopLossLevelInitial See the Issue Specific Information Table in respect of each Issue of Warrants See the Issue Specific Information Table in respect of each Issue of Warrants DayCountBasis means 60 ExercisePriceInitial FXSource FXSourceFixingTime %RepoRateInitial StopLossEventPeriod See the Issue Specific Information Table in respect of each Issue of Warrants means the WM Company (Bloomberg : WMCO) means the closing fixing WM Company See the Issue Specific Information Table in respect of each Issue of Warrants means TimeRange, provided that if the Early Expiration Event occurs after the TimeLimit (regardless of any period during which a Market Disruption Event is continuing), then such period shall continue for such number of sequential next following Scheduled Trading Days as shall be necessary for the total number of such hours to reach the RequiredObservationPeriod. Where an Early occurs at a time which is outside trading session of the or the, the Early shall be deemed to have occurred at the open of business on the immediately following Scheduled Trading Day and the Calculation Agent shall determine the StopLossEventPeriod in accordance with the foregoing paragraph.

21 TimeRange, TimeLimit and RequiredObservationPeriod are specified in the Issue Specific Information Table in respect of each Issue of Warrants TimeReferenceClosing TimeReferenceOpening TurboCurrency See the Issue Specific Information Table in respect of each Issue of Warrants See the Issue Specific Information Table in respect of each Issue of Warrants See the Issue Specific Information Table in respect of each Issue of Warrants Options applicable to Reference Price Reference Price Option Closing Price is applicable. GENERAL PROVISIONS APPLICABLE TO THE WARRANTS 0. Provisions applicable to payment date(s): - Payment Business Day: Following Payment Business Day - Financial Centre(s): holm 1. Events of Default: Applicable 2. Minimum Trading Number: One (1) Warrant. Form of the Warrants: 4. Tax Gross Up (Condition 6.2 of the General Terms and Conditions): Dematerialised Uncertificated Swedish Warrants in book entry form issued, cleared and settled through Euroclear Sweden in accordance with the Swedish Financial Instruments Accounts Act (SFS 1998:1479), as amended. Applicable 5. Date of corporate authorisation obtained for the issuance of Warrants: Not applicable Signed on behalf of the Issuer: By: Duly authorised

22 PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) Listing: Application has been made for each Issue of Warrants to be listed on the Nordic Derivatives, (NDX) a part of the regulated market Nordic Growth Market NGM AB. (ii) Admission to trading: Application has been made for each Issue of Warrants to be admitted to trading on the Nordic Derivatives, (NDX) a part of the regulated market Nordic Growth Market NGM, with effect from the Issue Date. There can be no assurance that the listing and trading of the Warrants will be approved with effect on the Issue Date or at all. 2. RATINGS The Warrants to be issued have not been rated.. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the Warrants has an interest material to the offer. 4. USE OF PROCEEDS, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Use of proceeds: Not applicable (ii) Estimated net proceeds: Not applicable (iii) Estimated total expenses: Not applicable 5. PERFORMANCE OF FORMULA, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS This Product may be subject to Event-linked Early Expiration: o If an Early is deemed to have occurred, the Product Formula used to determine the Early Settlement Price relies on the then UnderlyingPrice. Unless the Product has been previously exercised or cancelled, the Product Formula used to determine the Final Settlement Price in respect of this Product is determined on the basis of the UnderlyingPrice. Payments in respect of the Warrants will be calculated by reference to the Underlying. If a Warrant's stop

23 loss level (defined as "StopLossLevelCurrent(i)" in paragraph 29(ii) of Part A of these Final Terms) is reached at any point during the product lifespan, the product will expire, potentially with no remaining value. Warrantholders should note that the value of StopLossLevelCurrent(i) is linked to the current level of the Exercise Price, which is itself subject to variations during the lifespan of the Warrants. The entire amount invested by any person who acquires a Warrant (plus any potential gains made during the life product) is therefore at risk. The value of the Warrants will also be positively or negatively affected by the value of a financing rate (the %FinancingRate) which will vary over time. The Warrants may be subject to adjustment if certain events affecting the Underlying occur, all as more fully described in the Additional Terms and Conditions for Index Linked Warrants. The Warrants embed a leverage mechanism which aims to provide an amplified short exposure to the Underlying. Amounts payable (if any) in respect of the Warrants can therefore change by a proportionally greater amount than any change to the value of the Underlying, which may in turn result in investors losing all or a substantial part of their investment. The value of the Warrants can therefore be volatile. The Warrants may also be subject to a number of costs which would negatively impact the value of the Warrants. If the Settlement Currency is different from the TurboCurrency, the value of the Warrants will also be impacted by movements in the foreign exchange rate between the Settlement Currency and the TurboCurrency Further information can be obtained from the website of Société Générale at 6. OPERATIONAL INFORMATION (i) Security identification code(s): - ISIN code: See the Issue Specific Information Table in respect of each Issue of Warrants - Common Code (Local Code): See the Issue Specific Information Table in respect of each Issue of Warrants (ii) Clearing System(s): Euroclear Sweden AB (iii) Delivery: Delivery against payment (iv) Calculation Agent: Société Générale 29, boulevard Haussmann, Paris, France (v) Agent(s): Nordea Bank AB Smålandsgatan 17, A21 SE holm Sweden 7. DISTRIBUTION

24 (i) Method of distribution: Non-syndicated - Dealer(s): Société Générale of 29, boulevard Haussmann, Paris, France (ii) Total commission and concession: There is no commission and/or concession paid by the Issuer to the Dealer. (iii) Non-exempt Offer: Applicable (iv) Individual Consent / Name(s) and addresse(s) of any Initial Authorised Offeror: Not applicable (v) General Consent: Not applicable (vi) Other conditions to consent: Not applicable 8. PUBLIC OFFERS IN EUROPEAN ECONOMIC AREA Not applicable 9. ADDITIONAL INFORMATION - Minimum investment in the Warrants: One (1) Warrant - Minimum trading: One (1) Warrant

25 ISSUE SPECIFIC SUMMARY Summaries are made up of disclosure requirements known as Elements, the communication of which is required by Annex XXII of the Commission Regulation (EC) No 809/2004 as modified. These elements are numbered in Sections A E (A.1 E.7). This summary contains all the Elements required to be included in a summary for this type of securities and Issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of securities and Issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the summary with the mention of "Not applicable". Element A.1 Warning Section A Introduction and warnings This summary must be read as an introduction to the prospectus. Any decision to invest in the warrants issued should be based on a consideration of the prospectus as a whole by the investor. Where a claim relating to the information contained in the prospectus is brought before a court, the plaintiff investor might, under the national legislation of the Member States, have to bear the costs of translating the prospectus before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled this summary, including any translation thereof, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus or it does not provide, when read together with the other parts of the prospectus, key information in order to aid investors when considering whether to invest in such warrants. A.2 Consent to the use of the Base Prospectus Not applicable. The warrants issued under a warrants issuance programme (the Programme) pursuant to which each of Société Générale, SG Issuer, SGA Société Générale Acceptance N.V. and Société Générale Effekten GmbH may from time to time issue warrants (the Warrants) are not subject to a public offer in the Member States or Iceland, Liechtenstein or Norway (together, the European Economic Area). For the purposes hereof Affiliate means, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, control of any entity or person means ownership of a majority of the voting power of the entity or person concerned. Section B Issuer and Guarantor Element B.1 Legal and commercial name of the issuer Société Générale Effekten GmbH (or the Issuer)

26 B.2 Domicile, legal form, legislation and country of incorporation Domicile: Neue Mainzer Strasse 46-50, 6011 Frankfurt am Main, Germany. Legal form: Limited liability company (Gesellschaft mit beschränkter Haftung (GmbH)). Legislation under which the Issuer operates: German law. Country of incorporation: Germany. B.4b Known trends affecting the issuer and the industries in which it operates The Issuer expects to continue its activity in accordance with its corporate objects over the course of B.5 Description of the issuer s group and the issuer s position within the group The Group offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking; International Retail Banking, Financial Services and Insurance; and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. The Issuer is a subsidiary of the Group and has no subsidiaries. B.9 Figure of profit forecast or estimate of the issuer Not applicable. The Issuer does not make any figure of profit forecast or estimate. B.10 Nature of any qualifications in the audit report on the historical financial information Not applicable. The audit report does not include any qualification. B.12 Selected historical key financial information regarding the issuer (in EUR) Operating revenues June 0, December June 0, December 1, , (unaudited) (audited) (audited) (unaudited) (000) (000) (000) (000) Profit from operations Profit from continuing operations Basic and diluted earnings per share Total assets 22,760,052 21,851,46 22,522,679 0,44,004 Dividends declared per share

27 No material adverse change in the prospects of the Issuer since the date of its last published audited financial statements There has been no material adverse change in the prospects of the Issuer since 1 December 201. Significant changes in the Issuer's financial or trading position subsequent to the period covered by the historical financial information Not applicable. There have been no significant changes in the financial or trading position of the Issuer subsequent to 0 June B.1 Recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer s solvency Not applicable. There have been no recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuer s solvency. B.14 Statement as to whether the Issuer is dependent upon other entities within the group See Element B.5 above for the Issuer s description of the position within the Group. Société Générale Effekten GmbH is dependent upon Société Générale within the Group. B.15 Description of the Issuer s principal activities The business purpose of Société Générale Effekten GmbH is the issue and sale of securities as well as related activities, with the exception of those requiring a licence. It is engaged in the issue and placement of securities, mainly warrants and certificates, as well as related activities. Banking business as defined by the German Banking Act (Kreditwesengesetz, KWG) is not included in the business purpose. Société Générale Effekten GmbH is a financial entity as defined in Sec. 1() Sentence 1 No. 5 KWG. B.16 To the extent known to the Issuer, whether the Issuer is directly or indirectly owned or controlled and by whom, and description of the nature of such control Société Générale Effekten GmbH is a wholly owned subsidiary of Société Générale, Paris and is a fully consolidated company. B.18 Nature and scope of the guarantee The due and punctual payment of any amounts due from the Issuer to Warrantholders will be unconditionally and irrevocably guaranteed by the Guarantor as provided in the guarantee (the Guarantee); provided that the Guarantee shall not apply to any Issue of Warrants issued on or after the date of the Guarantee by the Issuer to the extent that, at the issue date (the Issue Date) of such Issue of Warrants, the product of the number of Warrants issued and their issue price (after taking account of any set-off, combination of accounts, netting or similar arrangement from time to time exercisable by the Issuer against any person to whom obligations are from time to time owed), when and as due (whether at maturity, by acceleration or other) converted into euro at the relevant spot rate of exchange on such Issue Date, is equal to an amount which exceeds 75,000,000,000. B.19 Information about the guarantor as if it were the issuer of the same type of security that is

28 subject of the guarantee The information about Société Générale (the Guarantor) as if it were the Issuer of the same type of Warrants that is subject of the Guarantee is set out in accordance with Elements B.19 / B.1, B.19 / B.2, B.19 / B.4b, B.19 / B.5, B.19 / B.9, B.19 / B.10, B.19 / B.12, B.19 / B.1, B.19 / B.14, B.19 / B.15 and B.19 / B.16 below, respectively: B.19 / B.1 Legal and commercial name of the Guarantor Société Générale B.19 / B.2 Domicile, legal form, legislation and country of incorporation Domicile: 29, boulevard Haussmann, Paris, France. Legal form: Public limited liability company (société anonyme). Legislation under which the Guarantor operates: French law. Country of incorporation: France. B.19 / B.4b Known trends affecting the Guarantor and the industries in which it operates The euro zone and, in particular, France are very gradually moving towards recovery. Furthermore, the improved economic climate in the United States remains contingent on how the country will make an exit from its quantitative and fiscal monetary policies. In the emerging countries, markets are contending with a surge in capital flight. Current developments could weigh on emerging country growth, but not to the extent of triggering systemic financial crises akin to those observed in the 1990s. Several regulations on market activity operations are continuing to come into effect in Europe and the United States. New fundamental developments in retail banking are also expected. In a restrictive macro-economic environment, the major goal of market place discussions is to produce a sustainable growth model for the financial sector which maintains banks' ability to finance the economy amid more restrictive budget policies. However, it is clear that the addition of new regulatory constraints, compounded by potential competitive bias between countries, will weigh significantly on the profitability of some activities. They may therefore influence the development model of certain players in the banking sector. The Société Générale Group (the Group) continues to adapt the structure of its business lines and embarked on the second step of its transformation plan to refocus its structure on three pillars of excellence: French Retail Banking; International retail Banking and Financial Services (IBFS); Global Banking and Investor Solutions (GBIS). B.19 / B.5 Description of the Guarantor's group and the Guarantor's position within the group The Group offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking;

29 International Retail Banking, Financial Services and Insurance; and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. The Guarantor is the parent company of the Group. B.19 / B.9 Figure of profit forecast or estimate of the Guarantor Not applicable. The Guarantor does not make any figure of profit forecast or estimate. B.19 / B.10 Nature of any qualifications in the audit report on the historical financial information Not applicable. The audit report does not include any qualification. B.19 / B.12 Selected historical key financial information regarding the Guarantor 9 Months 2014 (Unaudited) Half Year 2014 (Unaudited) Year ended 201 (Audited) 9 Months 201 (Unaudited) Half Year 201 (Unaudited) Year ended 2012 (*) (Audited) Results (in EUR M) Net Banking Income Operating income Net income Group Net income French retail Banking International Retail Banking & Financial Services Global Banking and Investor Solutions 17,48 11,569 22,4(**) 16,77 11,101(**) 2,110,624 2,78 2,6(**) 1,778 1,405(**) 2,757 2,408 1,504 2,94(**) 2,162 1,52(**) 1,224 2,181 1,45 2,044(**) 1,85 1,19(**) 790 6, ,196(**) 6, (**) 1,291 5, (**) 5, (**) 617 6,57 1,066 1,206(**) 6,45 1,024(**) 761 Corporate Centre Activity (in EUR bn) (864) (414) (1,41) (**) (1,745) (800)(**) (1,879) Total assets and liabilities Customer loans Customer deposits 1, ,22.6 1,214.2 (**) 1, , , (**) (**)

30 Equity (in billions of euros) Group shareholders' equity Total consolidated equity (**) (**) Cash flow statements (in billions of euros) Net inflow (outflow) in cash and cash equivalent Not communicated Not communicated (1.0)(**) Not communicated Not communicated 2.7 (*) Items relating to the results for 2012 have been restated due to the implementation of IAS (International Accounting Standard) 19: the change in accounting method involves the adjustment of data for the previous year. (**) 201 data adjusted following the retrospective implementation of IFRS 10 and 11 on January 1st, No material adverse change in the prospects of the Guarantor since the date of its last published audited financial statements There has been no material adverse change in the prospects of the Guarantor since 1 December 201. Significant changes in the Guarantor's financial or trading position subsequent to the period covered by the historical financial information There has been no significant changes in the Guarantor's financial or trading position subsequent to 0 September B.19 / B.1 Recent events particular to the Guarantor which are to a material extent relevant to the evaluation of the Guarantor's solvency Not applicable. There have been no recent events particular to the Guarantor which are to a material extent relevant to the evaluation of the Guarantor's solvency. B.19 / B.14 Statement as to whether the Guarantor is dependent upon other entities within the group See Element B.19 / B.5 above for the Guarantor's description of the position within the Group. Société Générale is the ultimate holding company of the Group. However, Société Générale operates its own business; it does not act as a simple holding company vis-à-vis its subsidiaries. B.19 / B.15 Description of the Guarantor's principal activities See Element B.19 / B.5 above. B.19 / B.16 To the extent known to the Guarantor, whether the Guarantor is directly or indirectly owned or