FINAL TERMS Dated 09 December 2013

SOCIT GNRALE EFFEKTEN GMBH ISSUE OF 5,500,000 CASH SETTLED CALL WARRANTS LINKED TO THE OMX STOCKHOLM 30 INDEX Unconditionally and irrevocably guaranteed by Socit Gnrale 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 Conditions set forth under the heading "Terms and Conditions of the Warrants" in the Base Prospectus dated 24 July 2013 which constitutes a base prospectus for the purposes of the Prospectus Directive 2003/71/EC) (the Prospectus Directive) as amended (which includes the amendments made by Directive 2010/73/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 in respect of the Warrants described herein for the purposes of Article 5.4 of the Prospectus Directive and Article 8.4 of the loi relative aux prospectus pour valeurs mobilires 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 20 August 2013, 20 September 2013, 16 October 2013, 12 November 2013 and 3 December 2013 and published prior to the Issue Date (the Supplements); provided, however, that to the extent any Supplement to such Base Prospectus (i) is published after these Final Terms have been signed or issued and (ii) provides for any change to the Conditions as set out under the heading "Terms and Conditions of the Warrants", such change(s) shall have no effect with respect to the 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 (www.listedproducts.societegenerale.se).

1.

Date on which the Warrants become fungible:

Not applicable

2.

(i)

Settlement Currency:

SEK Applicable

(ii) Currency conversion in accordance with Condition 1: 3. 4. 5. Number of Warrants: Issue Price: Issue Date:

5,500,000 SEK 50 per Warrant 09 December 2013

6. 7. 8.

Notional Amount per Warrant: Expiration Date (European Style Warrants: (i) (ii) Settlement Date: Scheduled Settlement Date:

SEK 50 21 January 2033 As set out in Condition 5 Not applicable European The Warrants are Call Warrants The Warrants are Index Linked Warrants. The Warrants are Fixed Leverage Warrants. The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions relating to OneDelta, 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

9.

Type of Warrants:

10.

Reference of the Product:

3.2.2 Fixed Leverage Bull, as described in the Additional Terms and Conditions relating to OneDelta, Fixed Leverage and Turbo Warrants

PROVISIONS RELATING TO SETTLEMENT 11. 12. 13. 14. 15. 16. 17. Type of Settlement: Cash Settlement Amount: Conversion Rate: Substitute Conversion Rate: Physical Delivery Warrant Provisions: Parity: Final Settlement Price: The Warrants are Cash Settled Warrants As set out in Condition 5.1 Not applicable Not applicable Not applicable Not applicable Final Settlement Price = Notional Amount x Product Formula(T) Where: Product Formula(T) = BaseSettlementLevel_FSP + (1 / BaseAmount) x Max(InitialValue x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) -C(T);0) x (1 / FX(T+1))

18. 19.

Averaging Date(s): Optional Early Expiration at the option of the Issuer: (i) Optional Early Settlement Amount:

Not applicable Applicable

Determined in Condition 5.6.

accordance with

Option

of

(ii)

Optional Early Settlement Price:

Determined in Condition 5.6.

accordance with

Option

of

(iii)

Optional Early Expiration in Part:

Not applicable

(iv)

Optional Early Settlement Valuation Date:

Means the third Valuation Date following the date on which the Issuer has notified the Warrantholders that the Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6. A notice may be delivered by the Issuer pursuant to Condition 5.6 at any time prior to the Expiration Date provided that any such notice is received at least four (4) Valuation Dates prior to the Optional Early Expiration Date. Means the fourth Valuation Date following the date on which the Issuer has notified the Warrantholders that the Warrants will be subject to Early Expiration at the option of the Issuer in accordance with Condition 5.6. 12 Business Days following the Optional Early Expiration Date. Not applicable

(v)

Notice Period:

(vi)

Optional Early Expiration Date:

(vii)

Optional Early Settlement Date:

20.

Optional Early Expiration at the option of the Warrantholder: Event-linked Early Expiration: Trigger early settlement at the option of the Issuer: Early Trigger Level payable: Settlement Amount(s)

21. 22.

Not applicable Applicable as per Condition 5.8

23.

As per Condition 5.8

24.

Structured Amount Warrants:

Not applicable

PROVISIONS RELATING TO EXERCISE 25. Exercise: (i) (ii) (iii) (iv) 26. 27. Exercise Price: Minimum Exercise Number: Maximum Exercise Number: Units Automatic Exercise SEK 0 per Warrant Not applicable Not applicable Not applicable Not applicable Not applicable

Credit Linked Warrants Provisions Bond Linked Warrants Provisions

PROVISIONS APPLICABLE TO THE UNDERLYING(S) IF ANY 28. (i) Underlying(s): The following Index as defined below:

OMX Stockholm 30 Index (Reuters: .OMXS30) (Index Sponsor : OMX AB (publ)) (website : https://indexes.nasdaqomx.com/ ) (ii) Information relating to the past and future performances of the Underlying(s): Information relating to the performance of the Index is available on the website of the Index Sponsor and details regarding the volatility of the Index can be obtained, upon request, at the London office of Socit Gnrale and at the office of the Agent. The OMX Stockholm 30 is the Stockholm Stock Exchange's main leading share index. The index consists of the 30 most actively traded stocks on the Stockholm Stock Exchange. The composition of the OMXS30 index is revised twice a year. The OMXS30 index is a market weighted price index. 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. The Issuer 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): Valuation Date(s) Valuation Date(i) means any Scheduled Trading Day between the Initial Valuation Date and the Final Valuation Date. Valuation Date(0) means the Initial Valuation Date, Valuation Date (T) means the Final Valuation Date and for each day (i) between 1 (included) and (T-1) (included), Valuation Date(i) is the Scheduled Trading Day immediately following Valuation Date(i-1). Initial Valuation Date means 06 December 2013. Final Valuation Date means 14 January 2033. Applicable

(iii)

Other information relating to the Underlying(s):

(ii)

Definitions relating to the Product:

Applicable, subject to the provisions of the Additional Terms and Conditions relating to OneDelta, Fixed Leverage and Turbo Warrants.

Specific Definitions relating to the determination of the Product Formula FX(i) means, for any Valuation Date(i), the spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the LeveragedStrategyCurrency 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 LeveragedStrategyCurrency following such day, as published by the FXSource, or any successor thereto. means, for each Valuation Date(i), the value of Ratio(i) in respect of each Warrant on such Valuation Date(i), which shall be the value of Ratio(i) on the Valuation Date(i-1) unless adjusted by the Calculation Agent in accordance with the following provisions. If, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date: C(i) / IV(i) > RatioResetThreshold then the Calculation Agent shall adjust the value of Ratio(i) in respect of such Valuation Date(i). The Calculation Agent may also, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date, elect in its sole discretion to adjust the value of Ratio(i) in respect of such Valuation Date(i). If the Calculation Agent adjusts the value of Ratio(i), it shall do so in accordance with the following formula: Ratio(i)= (Ratio(i -1) x LSCL(i) - CBEFORE(i) x (LSCL(0) / (InitialValue x FX(0)))) / LSCL(i) The initial value of Ratio(i) shall be equal to Ratio(0) = RatioInitial. LSCL(i) means, for each Valuation Date(i), the Leveraged Strategy Closing Level as of such Valuation Date(i), as such level may be adjusted in accordance with the provisions of "Extraordinary Strategy Adjustment for Performance Reasons" at Condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One Delta, Fixed Leverage and Turbo Warrants.

Ratio or Ratio(i)

CBEFORE(i)

is determined in accordance with the following formula: CBEFORE(i) = C(i -1) + ((ACT(i -1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i))

Commission(i), Commission or C(i)

means, in respect of each Valuation Date(i): if (i) is the Initial Valuation Date or a day on which the value of Ratio(i) has been adjusted in accordance with the definition of "Ratio or Ratio(i)" herein: 0 and otherwise: C(i) = C(i-1) + (ACT(i-1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i)

Intrinsic Value IntrinsicValue(i)

or

means, in respect of each Valuation Date(i), an amount determined by the Calculation Agent in accordance with the following formula: IntrinsicValue(i) = Max(InitialValue x FX(0) x Ratio(i-1) x (LSCL(i) / LSCL(0)) - C(i-1);0)

Leveraged Strategy Description of the Leveraged Strategy The strategy to which the performance of the Warrant is linked is the Leveraged Strategy which consists of leveraged exposure to the Underlying with a Leverage factor " Leverage" and a hypothetical money market instrument. The notional exposure of the Leveraged Strategy to the Underlying is revised on each Valuation Date in order to take into account the Leveraged Strategy Closing Level as of the previous Valuation Date, as further described hereinafter. Subject to the occurrence of an Intraday Restrike Event (following which the Leveraged Strategy Closing Level will be determined in accordance with Condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants), for each Valuation Date(i), the Leveraged Strategy Closing Level as of such Valuation Date(i) is calculated in accordance with the following formulae: on Valuation Date(0): LSCL(0) = LSCLInitial

on each subsequent Valuation Date(i): LSCL(i) = Max(LSCL(i-1) x (1 + Leverage x ((Price(i) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1) x ACT(i-1,i) / DayCountBasisRate),0) Subject to the occurrence of an Intraday Restrike Event (following which the Leveraged Strategy Level will be determined in accordance with Condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants), for each Valuation Date(i) and each Calculation Time(v), the Leveraged Strategy Level as of such Calculation Time(v) is calculated in accordance with the following formula: LSL(i,v) = Max(LSCL(i-1) x (1+ Leverage x ((Price(i,v) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1 ) x ACT(i-1,i) / DayCountBasisRate),0) For the purposes of determining LSCL(i) on a Valuation Date immediately following an Intraday Restrike Event Reference Day, references to (i-1) in the formula of LSCL(i) above shall be deemed to be references to (i') (as defined in Condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants). Specific Definitions relating to the Leveraged Strategy AdjPrice(i-1) is determined, for each Valuation Date(i), according to the following formula: Price(i-1) -%DistRate(i) x Dist(i) CashRate or CashRate(i) means, for each Valuation Date(i): (1) the level of the RateOvernight for such Valuation Date(i); or (2) the last available level displayed of RateOvernight, if a level of RateOvernight dated as of such Valuation Date(i) in both cases as determined by the Calculation Agent provided that if in the case of (2) above RateOvernight is not displayed on the RateOvernightScreenPage (or, if applicable, any successor service or page used by the Calculation Agent for the purpose of ascertaining such rate) for a 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 Rate") then the Calculation Agent shall determine CashRate(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) on the basis of the cost that Socit Gnrale

would charge or be charged to borrow cash in the LeveragedStrategyCurrency on an overnight basis. Leveraged Strategy Level or LSCL(i) Closing means, for any Valuation Date(i), the Closing Level of the Leveraged Strategy as of such day (i), as such level may be adjusted in accordance with the terms of condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants. means, for any Valuation Date(i) and any Calculation Time(v), the latest level of the Leveraged Strategy as of such Calculation Time(v), as such level may be adjusted in accordance with the terms of condition 3.2.2.5.4 of the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants. means, for each Valuation Date(i), an annual rate calculated as of such day in accordance with the following formula: Rate(i) = CashRate(i) + %SpreadLevel(i) Price(i) means, in respect of each Valuation Date(i), the Reference Price of the relevant Underlying as of such Valuation Date(i), and subject to the adjustments and provisions of the Additional Terms and Conditions for Index Linked Warrants. 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).

Leveraged Strategy Level or LSL(i,v)

Rate or Rate(i)

Price(i,v)

Calculation Time

means with respect to the Leveraged Strategy, any time between the scheduled opening time of the Exchange and FixingTime provided that the relevant data is available to enable the Calculation Agent to determine the Leveraged Strategy Level.

Distributions and corporate actions affecting the Underlying: Specific Definitions Dist(i) Underlying Dist(i1,i2) Distributions, or means Dist(i-1, i) means, for any dates (i1) and (i2), the sum of all Gross Ordinary Distributions paid in respect of the Underlying, which have an ex date between (i1) (excluded) and (i2) (included).

If such Gross Ordinary Distribution is not denominated in the currency of the Underlying, this Gross Ordinary Distribution will be converted into such currency by the Calculation Agent using the latest available spot exchange rate as of the FXSourceFixingTime as published on the Valuation Date immediately preceding the relevant Valuation Date(i) by the FXSource. If no such rate is available on the Valuation Date immediately preceding such Valuation Date(i), such rate shall be the first available spot exchange rate as of the FXSourceFixingTime to convert such Gross Ordinary Distribution into the Currency of the Underlying following such Valuation Date(i), as published by the FXSource, or any successor service or page used by the Calculation Agent for the purposes of ascertaining such rate. Extraordinary Strategy Adjustment for Performance Reasons Description If the Calculation Agent determines that an Intraday Restrike Event has occurred at a Calculation Time(v) during a Valuation Date(i), an adjustment (an Extraordinary Strategy Adjustment for Performance Reasons) shall take place during such Valuation Date(i) in accordance with the following provisions. The real time calculation of the Leveraged Strategy shall be suspended during the Intraday Restrike Event Observation Period and resume in accordance with Condition 3.2.2.5.4.1 of the Additional Terms and Conditions relating to One Delta, Fixed Leverage and Turbo Warrants within 15 minutes following the end of such Intraday Restrike Event Observation Period (the point of such resumption being the Calculation Resume Time and the day on which such resumption occurs being the Calculation Resume Day or CRD). Should the end of the Intraday Restrike Event Observation Period occur less than 15 minutes before the FixingTime on the Intraday Restrike Event Reference Day, the Calculation Resume Time shall be the FixingTime which immediately follows the end of the Intraday Restrike Event Observation Period. On each Calculation Resume Day, from the Calculation Resume Time, LSCL(CRD) and LSL(CRD,v) will be determined as follows: For each Calculation Time(v) during such Calculation Resume Day following the end of the Intraday Restrike Event Observation Period, the Leveraged Strategy is calculated according to the following formula: LSL(CRD,v) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD,v) / AdjPrice(i')) 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate) and at the FixingTime of such Calculation Resume Day: LSCL(CRD) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate)

Specific Definitions (i) means the Intraday Restrike Event Reference Day which corresponds to the Intraday Restrike Event immediately preceding the Calculation Time(v). is determined according to the following formula: AdjPrice(i' ) = Price(i',VREF(v)) - %DistRate(CRD) x Dist(i',CRD) Intraday Reference Level means, in respect of Valuation Date(i) and a Calculation Time(v), the Underlying level as of (1) the last Intraday Restrike Event Reference Time preceding and excluding such Calculation Time(v) or (2) if no Intraday Restrike Event has occurred on such day, the closing level of the Underlying on the immediately preceding Valuation Date. means, in respect of a Valuation Date(i), the decrease at a Calculation Time(v) of the Underlying level below DailyRestrikePercentage of the relevant Intraday Reference Level at such Calculation Time. Event means in respect of an Intraday Restrike Event, the period starting on and excluding the Intraday Restrike Event Time and finishing on and including the time falling 15 minutes after the Intraday Restrike Event Time. Where, during such 15 minute period, the Calculation Agent determines that (1) the level of the Underlying is not disseminated by the Index Sponsor or (2) the Exchange or the Related Exchange is not open for continuous trading, the Intraday Restrike Event Observation Period will be extended to the extent necessary until (1) the level of the Underlying is calculated and disseminated by the Index Sponsor and (2) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. If the Intraday Restrike Event Observation Period would not end by the FixingTime: (1) such day will not be a Valuation Date for the purposes of determining any element of the Leveraged Strategy, except (a) for the purpose of calculating LSL(i,vREF(v)) and AdjPrice(i) (and the constituent parts thereof) corresponding to the applicable Intraday Restrike Event and (b) for the purpose of calculating LSL(i,vREF(v)) and AdjPrice(i) (and the constituent parts thereof) with respect to any previous

AdjPrice(i)

Intraday Restrike Event

Intraday Restrike Observation Period

Intraday Restrike Event that has occurred on such day, if any; and (2) such Intraday Restrike Event Observation Period shall be extended to the following Valuation Date to the extent necessary until the Calculation Agent determines that (a) the level of the Underlying is calculated and disseminated by the Index Sponsor and (b) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. For the purpose of determining the Intraday Restrike Event Observation Period only, the Exchange shall not be considered to be open for continuous trading during its closing auction period (as provided under the rules of the Exchange). Intraday Restrike Reference Day Event means, in respect of an Intraday Restrike Event Observation Period, the day on which the Intraday Restrike Event Reference Time occurs. means, in respect of an Intraday Restrike Event Observation Period, the Calculation Time on which the Leveraged Strategy Level reaches its lowest value during such period. means in respect of an Intraday Restrike Event, the Calculation Time on which such event occurs. is calculated in accordance with the following formulae: (1) where, in respect of an Intraday Restrike Event, one or more Intraday Restrike Event Times have previously occurred with an Intraday Restrike Event Reference Time occurring on (i), then (with the latest Intraday Restrike Event Reference Time, immediately preceding VREF(v), being "v1"): LSL(i',VREF(v)) = LSL(i',v1) x (1 + Leverage x ((Price(i,VREF(v)) /Price(i',v1)) - 1)) Where LSL(i',v1) is determined in accordance with Condition 3.2.2.5.4.2 of the Additional Terms and Conditions relating to One Delta, Fixed Leverage and Turbo Warrants but with "VREF(v)" replaced by "v1". (2) in circumstances other than those set out in (1): LSL(i',VREF(v)) = LSLREF(i(REF)) x (1 + Leverage x ((Price(i',VREF(v)) / AdjPrice(i(REF))) -1) + (1-Leverage) x Rate(i(REF)) x (ACT(i(REF),i') / DayCountBasisRate))

Intraday Restrike Reference Time

Event

Intraday Restrike Event Time

LSL(i,VREF(v))

i(REF)

means the latest of the (1) Intraday Restrike Event Reference Day immediately preceding (i) in which case i(REF) is referred as (i) and the latest Intraday Restrike Event Reference Time on such Intraday Restrike Event Reference Day is referred as (v1) (2) the Valuation Date which immediately precedes (i) in which case i(REF) is referred to as (i'-1). means, if i(REF) is an Intraday Restrike Event Reference Day then LSL(i'',v1); or otherwise LSCL(i'-1). means: (1) if i(REF) is an Intraday Restrike Event Reference Day, then: AdjPrice(i(REF)) = Price(i'',v1) - %DistRate(i') x Dist(i'',i') (2) or otherwise:

LSLREF(i(REF))

AdjPrice(i(REF))

AdjPrice(i(REF)) = Price(i'-1) - %DistRate(i') x Dist(i'-1,i') VREF(v) Applicable Rates %CollatCostRate(i) means 0% The level of %CollatCostRate is fixed at 0% in accordance with Condition 2.5 (i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. %CommissionRate(i) means, in respect of each Valuation Date(i), the annual commission rate as of such Valuation Date(i). The level of the annual commission rate will be determined by the Calculation Agent. %CommissionRate(i) is subject to a minimum of 0% and maximum of 2% and is initially equal to 0.45% at the Initial Valuation Date. The level of %CommissionRate is subject to a cap of 2% and a floor of 0% in accordance with Condition 2.5(ii) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. %DistRate(i) means 70% The level of %DistRate is fixed at 70% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants. means the latest Intraday Restrike Event Reference Time preceding, and excluding, Calculation Time(v).

%GapPremiumRate(i)

means, for each Valuation Date(i), the annual gap premium rate as of such Valuation Date(i), as determined by the Calculation Agent as the cost that the Issuer (and/or its affiliates) would charge to replicate the performance of the Leveraged Strategy, which includes, inter alia, the costs of hedging the risk of the fair value of the Warrant becoming negative. means 0% The level of %QuantoRate is fixed at 0% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants.

%QuantoRate(i)

%SpreadLevel(i)

means 0.50% The level of %SpreadLevel is fixed at 0.50% in accordance with Condition 2.5(i) of the Additional Terms and Conditions relating to One-Delta, Fixed Leveraged and Turbo Warrants.

Variable Data BaseAmount BaseCurrency BaseSettlementLevel_FSP DailyRestrikePercentage DayCountBasisCommission DayCountBasisRate FixingTime FXSource FXSourceFixingTime InitialValue Leverage LeveragedStrategyCurrency LSCLInitial RatioResetThreshold RateOvernight Means the Notional Amount per Warrant Means SEK Means 0% Means 94.5% Means 365 Means 360 Means the scheduled closing time of the Stockholm Stock Exchange Means the WM Company Means the closing fixing time of the WM Company Means the Issue Price Means 15 Means SEK Means 50.0000 Means 20% Means Stockholm Interbank Offered Rate T/N

RateOvernightScreenPage RatioInitial

Means STIBORTN= Reuters page Means 1

Options applicable to Reference Price Reference Price Option Closing Price is applicable

GENERAL PROVISIONS APPLICABLE TO THE WARRANTS 30. Provisions applicable to payment date(s): 31. 32. 33. Payment Business Day: Financial Centre(s): Following Payment Business Day Stockholm Applicable One Warrant

Events of Default: Minimum Trading Number: Form of the Warrants: (i) Form:

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. Not applicable

34.

Date of corporate authorisation obtained for the issuance of Warrants:

Signed on behalf of the Issuer: By: Duly authorised

PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) Listing: Application has been made for the Warrants to be listed on the Nordic Derivatives Exchange, (NDX) a part of the regulated market Nordic Growth Market NGM AB. Application has been made for the Warrants to be admitted to trading on the Nordic Derivatives Exchange, (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. (iii) Estimate of total expenses related to admission to trading: Not Applicable

(ii)

Admission to trading:

2.

RATINGS The Warrants to be issued have not been rated.

3.

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.

ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Estimated net proceeds: Not Applicable

(ii) 5.

Estimated total expenses:

Not Applicable

PERFORMANCE OF FORMULA, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT AND ASSOCIATED RISKS The Warrants (commercial name: Bull Certifikat) are designed to track the performance of the Leveraged Strategy, after taking into account deduction of the Commission, and through tracking the performance of the Leveraged Strategy, the Warrants provide a daily leveraged long exposure to the Index. The exposure to the Index provided by the Warrants is amplified by the Leverage. Subject to taking into account certain factors (including notably the Commission and the Underlying Distributions), the Warrants are designed to multiply the daily performance of the Index by a factor (namely, the Leverage) (except in limited circumstances, where an intra-day restrike of the Warrants may be triggered to offer some

protection against an extreme rise in the value of the Index). If, for example, on any trading day the Index moves by 1 per cent. from its closing level on the previous trading day, the value of the Warrants, subject to certain factors (including notably the Commission and the underlying dividends), on such trading day will move by approximately 1 per cent. multiplied by the Leverage. The higher the performance of the Index, the higher the return on the Warrants and, conversely, the lower the performance of the Index, the lower the return on the Warrants. It is important to note that the exposure of the Warrants to the Index is re-set daily. This means that the performance of the Warrants with respect to any given trading day is based on how far the Index has risen or fallen from the level it closed at the trading day before. The next trading day, the process starts again from the new closing level of the Index. As a result, over periods of more than one day, movements in the Index are compounded and the performance of the Warrants will potentially deviate from fifteen times the actual performance of the Index over such period of time depending on the day to day performance of the Index during such period. Further information can be obtained www.listedproducts.societegenerale.se 6. OPERATIONAL INFORMATION (i) Security code(s): (ii) (iii) (iv) (v) ISIN code: Local Code: identification from the website of Socit Gnrale at

DE000SG38584 BULL OMX X15 SG Euroclear Sweden AB Delivery against payment Socit Gnrale Nordea Bank AB Smlandsgatan 17, A213 SE-105 71 Stockholm Sweden

Clearing System(s): Delivery: Calculation Agent: Agent(s):

7.

DISTRIBUTION (i) Method of distribution: (ii) Dealer(s): and Non-syndicated Socit Gnrale Not Applicable

Total commission concession: Non-exempt Offer:

(iii)

Not Applicable

(iv) (v) 8.

General Consent: Other conditions to consent:

Not Applicable Not Applicable

PUBLIC OFFERS IN EUROPEAN ECONOMIC AREA Not Applicable

9.

ADDITIONAL INFORMATION Minimum investment in the Warrants: Minimum trading: 1 Warrant

1 Warrant

SUMMARY OF THE PROGRAMME Summaries are made up of disclosure requirements known as Elements. 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". References in this summary to "the Issuer" are references to SG Issuer, SGA Socit Gnrale Acceptance N.V. or Socit Gnrale Effekten GmbH, as the case may be in the context of a particular issue of Warrants. Section A Introduction and warnings Element A.1 Warning Part 1 ................................................................................................................................................ This summary must be read as an introduction to the Base Prospectus. Any decision to invest in the Warrants should be based on a consideration of the Base Prospectus as a whole by the investor. Where a claim relating to the information contained in the Base 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 Base 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 this Base Prospectus, key information in order to aid investors when considering whether to invest in the Warrants. A.2 Consent to the use of the Base Prospectus Not Applicable The Issuer has not consented to the use of the Base Prospectus by any other person to resell or place any Warrants.

Section B Issuers and Guarantor Element B.1 Legal and commercial name of the Issuer Socit Gnrale Effekten GmbH

B.2

Domicile, legal form, legislation and country of incorporation Socit Gnrale Effekten GmbH Domicile:Neue Mainzer Strasse 46-50, 60311 Frankfurt am Main, Germany. Legal form: Limited liability company (Gesellschaft mit beschrnkter 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 Socit Gnrale Effekten GmbH expects business for the rest of this business year to continue as it has done so far over the course of 2013. Description of the Issuers group and the Issuers position within the group Socit Gnrale Effekten GmbH is a subsidiary of the Socit Gnrale Group and has no subsidiaries

B.5

B.9

Figure of profit forecast or estimate Not applicable. Societe Generale Effekten GmbH 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 Socit Gnrale Effekten GmbH (in EUR) June 30, 2013 (000) 55 December 31, 2012 (audited) (000) 215 June 30, 2012 December 31, 2011 (audited) (000) 103

Operating Revenues Profit from operations Profit from continuing operations Basic and diluted earnings per share Total Assets Dividends declared per share

(000) 52

22,522,679

30,434,004

39,422,013

43,158,609

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 Socit Gnrale Effekten GmbH since the date of its last audited financial statements dated 31 December 2012. Significant changes in the financial or trading position subsequent to the period covered by the historical financial information There have been no significant changes in the financial or trading position of Socit Gnrale Effekten GmbH since the date of its last published financial statements dated 30 June 2013. B.13 Recent events particular to the Issuer which are to a material extent relevant to the evaluation of the Issuers solvency There have been no recent events particular to Socit Gnrale Effekten GmbH which are to a material extent relevant to the evaluation of the solvency of Socit Gnrale Effekten GmbH. B.14 Statement as to whether the Issuer is dependent upon other entities within the group See Element B.5 above for a description of the position of Societe Generale Effekten GmbH within the Group. Societe Generale Effekten GmbH is not dependent upon other entities within the Group. B.15 Issuers principal activities The business purpose of Socit Gnrale 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. Socit Gnrale Effekten GmbH is a financial entity as defined in Sec. 1(3) 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 nature of such control Socit Gnrale Effekten GmbH is a wholly owned subsidiary of Socit Gnrale, Paris and is a fully consolidated company.

B.17

Credit ratings assigned to the Issuer or its debt securities Societe Generale Effekten GmbH is not rated.

B.18

Nature and scope of the guarantee The due and punctual payment of any amounts due from Societe Generale Effekten GmbH to Warrantholders will be unconditionally and irrevocably guaranteed by the Guarantor as provided in the Guarantee; provided that the Guarantee shall not apply to any Issue of Warrants issued on or after the date of the Guarantee by Societe Generale Effekten GmbH 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 subject of the guarantee Legal and commercial name of the Guarantor Socit Gnrale

B.19 B.1

B.19 B.2

Domicile, legal form, legislation and country of incorporation Socit Gnrale Domicile: 29, boulevard Haussmann, 75009 Paris, France. Legal form: Public limited company (socit anonyme). Legislation under which the Issuer operates: French law. Country of incorporation: France.

B.19 B.4b

Known trends affecting the Guarantor and the industries in which it operates Significant but uneven deterioration in the global economic environment; recommendation by the European Banking Authority to reach a Core Tier 1 of at least 9% under Basel 2.5 starting 30 June 2012; Vickers report in the United Kingdom suggesting ringfencing retail banking activities within universal banks (issue which the European Union will takeup in 2012); other topics being monitored by the Financial Stability Council include harmonisation of accounting standards, compensation practices, functioning of OTC derivative markets, among others. In the US, the Dodd-Frank Act laid the foundation for systemic risk supervisions and oversight of certain activities of Corporate and Investment Banks; a tax on financial transactions has been introduced in 2012 in France and in 2013 in Italy. The European Commission has published a proposal for a Directive for a common tax on financial transactions in Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia.

B.19 B.5

Description of the Guarantor's group and the Guarantor's position within the group Socit Gnrale is the parent company of the Socit Gnrale Group (the Group). The Socit Gnrale Group offers advisory and other services to individual customers, companies and institutions as part of three main business lines: - Retail Banking in France under Socit Gnrale, Crdit du Nord and Boursorama brands; - International Retail Banking, which is present in Central and Eastern Europe, Russia, the Mediterranean Basin, Sub-Saharan Africa, Asia and in the French Overseas territories; and - Corporate and Investment Banking with a broad range of expertise in investment banking, finance and market activities.

B.19 B.9

Figure of profit forecast or estimate

Not applicable. Socit Gnrale 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 Socit Gnrale Half year 2013 Results (in EUR M) Net Banking Income Operating income Net income before non controlling interests Net income French Networks International Retail Banking Corporate and Investment Banking Specialised Financial Services and Insurance Private Banking, Global Investment Management and Services Corporate Centre Activity (in EUR bn) Total assets and liabilities Customer loans Customer deposits Equity (in billions of euros) Group shareholders' equity Total consolidated equity 49.4 53.3 49.3 53.6 48.7 52.9 47.1 51.1 1,254.1 341.2 350.0 1,250.9 350.2 337.2 1,246.7 360.5 348.5 1,181.4 367.5 340.2 575 138 868 389 674 157 (293) (808) (1,884) (93) (48) 171 (471) 11,321 1,433 1,532 1,224 1,319 790 1,291 (51) 1,053 1,171 686 (186) 482 330 297 2,385 1,428 325 635 23,110 2,757 12,583 2,548 1,411 2,788 25,636 4,270 Year ended 2012 (*) Half year 2012 (*) Year ended 2011

(*)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.

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 Socit Gnrale and its consolidated subsidiaries (taken as a whole) since the date of its last audited financial statements dated 31 December 2012. Significant changes in the financial or trading position subsequent to the period covered by the

historical financial information There have been no significant changes in the financial or trading position of Socit Gnrale and its consolidated subsidiaries (taken as a whole) since the date of its last published financial statements dated 30 June 2013. B.19 B.13 Recent events particular to the Guarantor which are to a material extent relevant to the evaluation of the Guarantor's solvency 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 position within the Group. Socit Gnrale is the ultimate holding company of the Group. However, Socit Gnrale operates its own business; it does not act as a simple holding company vis--vis its subsidiaries.

B.19 B.15

Guarantor's principal activities The purpose of Socit Gnrale is, under the conditions determined by the laws and regulations applicable to credit institutions, to carry out with individuals and corporate entities, in France or abroad: all banking transactions; all transactions related to banking operations, including in particular, investment services or allied services as listed by Articles L. 321-1 and L. 321-2 of the French Code montaire et financier; all acquisitions of interests in other companies. Socit Gnrale may also, on a regular basis, as defined in the conditions set by the French Financial and Banking Regulation Committee, engage in all transactions other than those mentioned above, including in particular insurance brokerage. Generally, Socit Gnrale may carry out, on its own behalf, on behalf of a third-party or jointly, all financial, commercial, industrial, agricultural, movable property or real property transactions, directly or indirectly related to the abovementioned activities or likely to facilitate the accomplishment of such activities.

B.19 B.16

To the extent known to the Guarantor, whether the Guarantor is directly or indirectly owned or controlled and by whom, and nature of such control

Socit Gnrale is not owned or controlled by a parent company.

B.19 B.17

Credit ratings assigned to the Guarantor or its debt securities

Socit Gnrale is rated A2 by Moodys France S.A.S., A by Standard and Poors Credit Market Services France S.A.S., A by Fitch France S.A.S and AA (low) by DBRS Ratings Limited.

Moody's France S.A.S., Fitch France S.A.S., Standard & Poor's Credit Market Services France S.A.S. and DBRS Ratings Limited are, as at the date of the Base Prospectus, established in the European Union and are registered under Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation) and are included in the list of registered credit rating agencies published at the website of the European Securities and Markets Authority (www.esma.europa.eu).

Section C Securities Element C.1 Type and the class of the securities being offered and/or admitted to trading, including any security identification number The Warrants are Index Linked Warrants. Clearing System(s): Euroclear Sweden AB

ISIN code: C.2 Currency of the securities issue Settlement Currency or Currencies: C.5

DE000SG38584

SEK

Any restrictions on the free transferability of the securities There is no restriction on the free transferability of the Warrants, subject to selling and transfer restrictions which apply in certain jurisdictions (including, without limitation, the United States).

C.8

Rights attached to the securities, including ranking and limitations to those rights and procedures for the exercise of those rights. Ranking Warrants will be direct, unconditional, unsecured and unsubordinated obligations of the Issuer and will rank pari passu without any preference among themselves and (subject to such exceptions as from time to time exist under applicable law) at least pari passu with all other outstanding direct, unconditional, unsecured and unsubordinated obligations of the Issuer, present and future. Governing law The Warrants and any non-contractual obligations arising out of or in connection with the Warrants will be governed by, and shall be construed in accordance with English law.

C.11

Whether the securities offered are or will be the object of an application for admission to trading, with a view to their distribution in a regulated market or other equivalent markets with indication of the markets in question Application has been made for the Warrants to be admitted to trading on the regulated market of the Nordics Derivatives Exchange.

C.15

How the value of the investment is affected by the value of the underlying instrument(s) The amount (if any) payable in respect of the Warrants (and therefore the return (if any) that an investor realises on a Warrant will be determined by reference to, and will therefore depend on, the performance of the OMX Stockholm 30 index (the Index). A small movement of the Index may result in a significantly larger increase (in case of upward movement in the Index) or decrease (in case of downward movement in the Index) of the return of the Warrants. The Warrants are designed to track the performance of the Leveraged Strategy, after taking into account deduction of the Commission, and through tracking the performance of the Leveraged Strategy, the Warrants provide a daily leveraged long exposure to the Index. The exposure to the Index provided by the Warrants is amplified by the leveraged factor (the Leverage). Subject to taking into account certain factors (including notably the Commission and the Underlying Distributions), the Warrants are designed to multiply the daily performance of the Index by a factor (namely, the Leverage) (except in limited circumstances, where an intra-day restrike of the Warrants may be triggered to offer some protection against an extreme fall in the value of the Index). If, for example, on any trading day the Index moves by 1 per cent. from its closing level on the previous trading day, the value of the Warrants, subject to certain factors (including notably the Commission and the underlying dividends), on such trading day will move by approximately 1 per cent multiplied by the Leverage. The higher the performance of the Index, the higher the return on the Warrants and, conversely, the lower the performance of the Index, the lower the return on the Warrants. It is important to note that the exposure of the Warrants to the Index is re-set daily. This means that the performance of the Warrants with respect to any given trading day is based on how far the Index has risen or fallen from the level it closed at the trading day before. The next trading day, the process starts again from the new closing level of the Index. As a result, over periods of more than one day, movements in the Index are compounded and the performance of the Warrants will potentially deviate from fifteen times the actual performance of the Index over such period of time depending on the day to day performance of the Index during such period.

See also Element C.18 below. C.16 Expiration or maturity date of the derivative securities the exercise date or final reference date The Expiration Date of the Warrants will be 21 January 2033 C.17 Settlement procedure of the derivative securities Cash settlement C.18 How the return on derivative securities takes place The Warrants will be settled in cash (Cash Settled Warrants) in an amount equal to the Cash Settlement Amount. The Cash Settlement Amount is an amount equal to the excess of: the Final Settlement Price over the Exercise Price where

the Final Settlement Price is determined as follows: The Final Settlement Price of one Warrant shall be an amount calculated in accordance with the following formulae: Final Settlement Price = Notional Amount x Product Formula(T) Product Formula(T) = BaseSettlementLevel_FSP + (1 / BaseAmount) x Max(InitialValue x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) -C(T);0) x (1 / FX(T+1)) Further information in respect of Base Amount, BaseSettlementLevel_FSP, InitialValue, FX, Ratio, LSCL and C may be found in C.19. The Exercise Price is SEK 0; and Parity is Not applicable. The Warrants may be exercised early at the option of the Issuer. Warrantholders shall be entitled in such circumstances to the Optional Early Settlement Amount which shall be an amount determined in the same manner as the Cash Settlement Amount save that the "Final Settlement Price" will be deemed to have been determined as at the Optional Early Settlement Valuation Date (as opposed to the date on which the Final Settlement Price is actually required to be determined under the Additional Terms and Conditions relating to One-Delta, Fixed Leverage and Turbo Warrants corresponding to the Reference of the Product). Where the Issuer does not elect that the Warrants will be subject to early expiration at the option of the Issuer, the Warrants shall remain subject to exercise or cancellation in accordance with Trigger early settlement at the option of the Issuer. The Warrants will be cancelled automatically if the number of outstanding Warrants falls below 10 per cent. of the number of Warrants outstanding on issue, whereupon the Warrants will be settled by payment of an amount based on the market value of the Warrants.

C.19

Exercise price or final reference price of the underlying The Final Settlement Price of one Warrant shall be an amount calculated in accordance with the following formulae: Final Settlement Price = Notional Amount x Product Formula(T) Product Formula(T) = BaseSettlementLevel_FSP + (1 / BaseAmount) x Max(InitialValue x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) -C(T);0) x (1 / FX(T+1)) Where :

Main definitions FX(i)

means, for any Valuation Date(i), the spot exchange rate as of the FXSourceFixingTime to convert the BaseCurrency into the LeveragedStrategyCurrency 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 LeveragedStrategyCurrency following such day, as published by the FXSource, or any successor thereto. means, for each Valuation Date(i), the value of Ratio(i) in respect of each Warrant on such Valuation Date(i), which shall be the value of Ratio(i) on the Valuation Date(i-1) unless adjusted by the Calculation Agent in accordance with the following provisions. If, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date: C(i) / IV(i) > RatioResetThreshold then the Calculation Agent shall adjust the value of Ratio(i) in respect of such Valuation Date(i). The Calculation Agent may also, on any Valuation Date(i) from, but excluding, the Initial Valuation Date to, and including, the Final Valuation Date, elect in its sole discretion to adjust the value of Ratio(i) in respect of such Valuation Date(i). If the Calculation Agent adjusts the value of Ratio(i), it shall do so in accordance with the following formula: Ratio(i)= (Ratio(i -1) x LSCL(i) - CBEFORE(i) x (LSCL(0) / (InitialValue x FX(0)))) / LSCL(i) The initial value of Ratio shall be equal to Ratio(0) = RatioInitial

Ratio or Ratio(i)

LSCL(i)

means, for each Valuation Date(i), the Leveraged Strategy Closing Level as of such Valuation Date(i), as such level may be adjusted in accordance with the provisions of "Extraordinary Strategy Adjustment for Performance Reasons".

CBEFORE(i)

is determined in accordance with the following formula: CBEFORE(i) = C(i -1) + ((ACT(i -1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) +

%QuantoRate(i)) x IntrinsicValue(i))

Commission(i), Commission or C(i)

means, in respect of each Valuation Date(i): if (i) is the Initial Valuation Date or a day on which the value of Ratio(i) has been adjusted in accordance with the definition of "Ratio or Ratio(i)" herein: 0 and otherwise: C(i) = C(i-1) + (ACT(i-1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i)

Intrinsic Value IntrinsicValue(i)

or

means, in respect of each Valuation Date(i), an amount determined by the Calculation Agent in accordance with the following formula: IntrinsicValue(i) = Max(InitialValue x FX(0) x Ratio(i-1) x (LSCL(i) / LSCL(0)) - C(i-1);0)

Valuation Date(i)

means any Scheduled Trading Day between the Initial Valuation Date and the Final Valuation Date. Valuation Date(0) means the Initial Valuation Date, Valuation Date (T) means the Final Valuation Date and for each day (i) between 1 (included) and (T-1) (included), Valuation Date(i) is the Scheduled Trading Day immediately following Valuation Date(i-1). Initial Valuation Date means 06 December 2013. Final Valuation Date means 14 January 2033.

Leveraged Strategy Description of the Leveraged Strategy The strategy to which the performance of the Warrant is linked is the Leveraged Strategy which consists of leveraged exposure to the Underlying with a Leverage factor " Leverage" and a hypothetical money market instrument. The notional exposure of the Leveraged Strategy to the Underlying is revised on each Valuation Date in order to take into account the Leveraged Strategy Closing Level as of the previous Valuation Date, as further described hereinafter.

Subject to the occurrence of an Intraday Restrike Event, for each Valuation Date(i), the Leveraged Strategy Closing Level as of such Valuation Date(i) is calculated in accordance with the following formulae: on Valuation Date(0): LSCL(0) = LSCLInitial on each subsequent Valuation Date(i): LSCL(i) = Max(LSCL(i-1) x (1 + Leverage x ((Price(i) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i1) x ACT(i-1,i) / DayCountBasisRate),0) Subject to the occurrence of an Intraday Restrike Event, for each Valuation Date(i) and each Calculation Time(v), the Leveraged Strategy Level as of such Calculation Time(v) is calculated in accordance with the following formula: LSL(i,v) = Max(LSCL(i-1) x (1+ Leverage x ((Price(i,v) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i1 ) x ACT(i-1,i) / DayCountBasisRate),0) For the purposes of determining LSCL(i) on a Valuation Date immediately following an Intraday Restrike Event Reference Day, references to (i-1) in the formula of LSCL(i) above shall be deemed to be references to (i'). Specific Definitions relating to the Leveraged Strategy AdjPrice(i-1) is determined, for each Valuation Date(i), according to the following formula: Price(i-1) -%DistRate(i) x Dist(i) CashRate or CashRate(i) means, for each Valuation Date(i): (1) the level of the RateOvernight for such Valuation Date(i); or (2) the last available level displayed of RateOvernight, if a level of RateOvernight dated as of such Valuation Date(i) in both cases as determined by the Calculation Agent provided that if in the case of (2) above RateOvernight is not displayed on the RateOvernightScreenPage (or, if applicable, any successor service or page used by the Calculation Agent for the purpose of ascertaining such rate) for a 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 Rate") then the Calculation Agent shall determine CashRate(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) on the basis of the cost that Socit Gnrale would charge or be charged to borrow cash in the LeveragedStrategyCurrency on an overnight basis. Leveraged Strategy Level or LSCL(i) Closing means, for any Valuation Date(i), the Closing Level of the Leveraged Strategy as of such day (i), as such level may be adjusted. means, for any Valuation Date(i) and any Calculation Time(v), the latest level of the Leveraged Strategy as of such Calculation Time(v), as such level may be adjusted. means, for each Valuation Date(i), an annual rate calculated as of such day in accordance with the following formula: Rate(i) = CashRate(i) +%SpreadLevel(i) Price(i) means, in respect of each Valuation Date(i), the closing price of the Underlying as of such Valuation Date(i), and subject to the adjustments and provisions relating to corporate actions and/or extraordinary events. means, in respect of each Valuation Date(i) and Calculation Time(v), the intraday price of the Underlying as of such Valuation Date(i) and Calculation Time(v).

Leveraged LSL(i,v)

Strategy

Level

or

Rate or Rate(i)

Price(i,v)

Calculation Time

means with respect to the Leveraged Strategy, any time between the scheduled opening time of the Exchange and FixingTime provided that the relevant data is available to enable the Calculation Agent to determine the Leveraged Strategy Level.

Distributions and corporate actions affecting the Underlying: Specific Definitions Dist(i) Underlying Dist(i1,i2) Distributions, or means Dist(i-1, i) means, for any dates (i1) and (i2), the sum of all Gross Ordinary Distributions paid in respect of the Underlying, which have an ex date between (i1) (excluded) and (i2) (included). If such Gross Ordinary Distribution is not denominated in the currency of the Underlying, this Gross Ordinary Distribution will be converted into such currency by the

Calculation Agent using the latest available spot exchange rate as of the FXSourceFixingTime as published on the Valuation Date immediately preceding the relevant Valuation Date(i) by the FXSource. If no such rate is available on the Valuation Date immediately preceding such Valuation Date(i), such rate shall be the first available spot exchange rate as of the FXSourceFixingTime to convert such Gross Ordinary Distribution into the Currency of the Underlying following such Valuation Date(i), as published by the FXSource, or any successor service or page used by the Calculation Agent for the purposes of ascertaining such rate. Extraordinary Strategy Adjustment for Performance Reasons Description If the Calculation Agent determines that an Intraday Restrike Event has occurred at a Calculation Time(v) during a Valuation Date(i), an adjustment (an Extraordinary Strategy Adjustment for Performance Reasons) shall take place during such Valuation Date(i) in accordance with the following provisions. The real time calculation of the Leveraged Strategy shall be suspended during the Intraday Restrike Event Observation Period and resume within 15 minutes following the end of such Intraday Restrike Event Observation Period (the point of such resumption being the Calculation Resume Time and the day on which such resumption occurs being the Calculation Resume Day or CRD). Should the end of the Intraday Restrike Event Observation Period occur less than 15 minutes before the FixingTime on the Intraday Restrike Event Reference Day, the Calculation Resume Time shall be the FixingTime which immediately follows the end of the Intraday Restrike Event Observation Period. On each Calculation Resume Day, from the Calculation Resume Time, LSCL(CRD) and LSL(CRD,v) will be determined as follows: For each Calculation Time(v) during such Calculation Resume Day following the end of the Intraday Restrike Event Observation Period, the Leveraged Strategy is calculated according to the following formula: LSL(CRD,v) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD,v) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate) and at the FixingTime of such Calculation Resume Day: LSCL(CRD) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate) Specific Definitions (i) means the Intraday Restrike Event Reference Day which corresponds to the Intraday Restrike Event immediately preceding

the Calculation Time(v). AdjPrice(i) is determined according to the following formula: AdjPrice(i' ) = Price(i',VREF(v)) - %DistRate(CRD) x Dist(i',CRD) Intraday Reference Level means, in respect of Valuation Date(i) and a Calculation Time(v), the Underlying level as of (1) the last Intraday Restrike Event Reference Time preceding and excluding such Calculation Time(v) or (2) if no Intraday Restrike Event has occurred on such day, the closing level of the Underlying on the immediately preceding Valuation Date. means, in respect of a Valuation Date(i), the decrease at a Calculation Time(v) of the Underlying level below DailyRestrikePercentage of the relevant Intraday Reference Level at such Calculation Time. means in respect of an Intraday Restrike Event, the period starting on and excluding the Intraday Restrike Event Time and finishing on and including the time falling 15 minutes after the Intraday Restrike Event Time. Where, during such 15 minute period, the Calculation Agent determines that (1) the level of the Underlying is not disseminated by the Index Sponsor or (2) the Exchange or the Related Exchange is not open for continuous trading, the Intraday Restrike Event Observation Period will be extended to the extent necessary until (1) the level of the Underlying is calculated and disseminated by the Index Sponsor and (2) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. If the Intraday Restrike Event Observation Period would not end by the FixingTime: (1) such day will not be a Valuation Date for the purposes of determining any element of the Leveraged Strategy, except (a) for the purpose of calculating LSL(i,v REF(v)) and AdjPrice(i) (and the constituent parts thereof) corresponding to the applicable Intraday Restrike Event and (b) for the purpose of calculating LSL(i,vREF(v)) and AdjPrice(i) (and the constituent parts thereof) with respect to any previous Intraday Restrike Event that has occurred on such day, if any; and (2) such Intraday Restrike Event Observation Period shall be extended to the following Valuation Date to the extent necessary until the Calculation Agent determines that (a) the level of the Underlying is calculated and disseminated by the Index Sponsor and (b) the Exchange and the Related Exchange are open for continuous trading for an aggregate period of 15 minutes. For the purpose of determining the Intraday Restrike Event

Intraday Restrike Event

Intraday Restrike Event Observation Period

Observation Period only, the Exchange shall not be considered to be open for continuous trading during its closing auction period (as provided under the rules of the Exchange). Intraday Restrike Event Reference Day means, in respect of an Intraday Restrike Event Observation Period, the day on which the Intraday Restrike Event Reference Time occurs. means, in respect of an Intraday Restrike Event Observation Period, the Calculation Time on which the Leveraged Strategy Level reaches its lowest value during such period. means in respect of an Intraday Restrike Event, the Calculation Time on which such event occurs. is calculated in accordance with the following formulae: (1) where, in respect of an Intraday Restrike Event, one or more Intraday Restrike Event Times have previously occurred with an Intraday Restrike Event Reference Time occurring on (i), then (with the latest Intraday Restrike Event Reference Time, immediately preceding VREF(v), being "v1"): LSL(i',VREF(v)) = LSL(i',v1) x (1 + Leverage x ((Price(i,VREF(v)) /Price(i',v1)) - 1)) Where LSL(i',v1) is determined in accordance with this section but with "VREF(v)" replaced by "v1". (2) in circumstances other than those set out in (1): LSL(i',VREF(v)) = LSLREF(i(REF)) x (1 + Leverage x ((Price(i',VREF(v)) / AdjPrice(i(REF))) -1) + (1-Leverage) x Rate(i(REF)) x (ACT(i(REF),i') / DayCountBasisRate)) i(REF) means the latest of the (1) Intraday Restrike Event Reference Day immediately preceding (i) in which case i(REF) is referred as (i) and the latest Intraday Restrike Event Reference Time on such Intraday Restrike Event Reference Day is referred as (v1) (2) the Valuation Date which immediately precedes (i) in which case i(REF) is referred to as (i'-1). means, if i(REF) is an Intraday Restrike Event Reference Day then LSL(i'',v1); or otherwise LSCL(i'-1). means: (1) then: if i(REF) is an Intraday Restrike Event Reference Day,

Intraday Restrike Event Reference Time

Intraday Restrike Event Time LSL(i,VREF(v))

LSLREF(i(REF))

AdjPrice(i(REF))

AdjPrice(i(REF)) = Price(i'',v1) - %DistRate(i') x Dist(i'',i') (2) or otherwise: AdjPrice(i(REF)) = Price(i'-1) - %DistRate(i') x Dist(i'-1,i') VREF(v) Applicable Rates means the latest Intraday Restrike Event Reference Time preceding, and excluding, Calculation Time(v).

%CollatCostRate(i) %CommissionRate(i)

means 0% means, in respect of each Valuation Date(i), the annual commission rate as of such Valuation Date(i). The level of the annual commission rate will be determined by the Calculation Agent. %CommissionRate(i) is subject to a minimum of 0% and maximum of 2% and is initially equal to 0.45% at the Initial Valuation Date. means 70%

%DistRate(i)

%GapPremiumRate(i)

means, for each Valuation Date(i), the annual gap premium rate as of such Valuation Date(i), as determined by the Calculation Agent as the cost that the Issuer (and/or its affiliates) would charge to replicate the performance of the Leveraged Strategy, which includes, inter alia, the costs of hedging the risk of the fair value of the Warrant becoming negative. means 0% Means 0.50%

%QuantoRate(i) %SpreadLevel(i) Variable Data

BaseAmount BaseCurrency BaseSettlementLevel_FSP DailyRestrikePercentage DayCountBasisCommission DayCountBasisRate FixingTime

Means the Notional Amount per Warrant Means SEK Means 0% Means 94.5% Means 365 Means 360 Means the scheduled closing time of the Stockholm Stock Exchange

FXSource FXSourceFixingTime InitialValue Leverage LeveragedStrategyCurrency LSCLInitial RatioResetThreshold RateOvernight RateOvernightScreenPage RatioInitial

Means the WM Company Means the closing fixing time of the WM Company Means the Issue Price Means 15 Means SEK Means 50.0000 Means 20% Means Stockholm Interbank Offered Rate T/N Means STIBORTN= Reuters page Means 1

C.20

Type of the underlying and where the information on the underlying can be found Index: OMX Stockholm 30 Index (Reuters: .OMXS30) Index Sponsor: OMX AB (publ) Website: https://indexes.nasdaqomx.com

Section D Risks Element D.2 Key information on the key risks that are specific to the Issuer There are certain factors that may affect each of the Issuers and the Guarantors ability to fulfil its obligations with respect to Warrants issued under the Programme. These include factors which may impact the creditworthiness and/or the credit ratings (if applicable) of the Issuer and/or the Guarantor such as a change in the economic and/or political and/or financial environment. Furthermore, the Issuer and the Guarantor are subject to (and hence their ability to perform their obligations with respect to the Warrants and the Guarantee are potentially affected by): general operational risks, potential conflicts of interest in connection with the Warrants, market risk in connection with various financial markets, risks arising in connection with their investment portfolios, risks arising in connection with any potential non-compliance with legal, regulatory and tax requirements (including reputational risks), interest and exchange rate risk, liquidity risk, strategic risk, general business risk, risk related to their insurance activities, where applicable, risks related to their specialised finance activities and credit and counterparty risk (including country risk), and risks associated with their hedging and trading activity (or the hedging and trading activity of any of their affiliates), any of which could affect the value of the Warrants. Investors should also understand that there are risks associated with the lack of independence of the Issuer from the Guarantor.

D.3

Key information on the key risks that are specific to the securities Investors should be aware of the risks relating to the Warrants, which such risks depend on the particular features of the Warrants and include: (i) Warrantholders will have no rights in respect of or recourse to the underlying, (ii) the market value of the Warrants may be difficult to determine and/or may be volatile and (iii) Warrantholders may lose of all or part of their investment and/or not realise any return on the Warrants due to the performance of the underlying.

D.6

Important warning to the investor WARRANTS CAN BE VOLATILE AND/OR LEVERAGED INVESTMENTS. CERTAIN ISSUES OF WARRANTS MAY NOT BE SUITABLE INVESTMENTS FOR ALL INVESTORS. NO INVESTOR SHOULD PURCHASE A WARRANT UNLESS SUCH INVESTOR UNDERSTANDS, AND IS ABLE TO BEAR THE YIELD, MARKET LIQUIDITY, STRUCTURE, CANCELLATION, SETTLEMENT AND OTHER RISKS ASSOCIATED WITH THE WARRANT. INVESTORS COULD SUSTAIN AN ENTIRE LOSS OF THEIR INVESTMENT AND SHOULD THEREFORE REACH AN INVESTMENT DECISION ON THE WARRANTS ONLY AFTER CAREFUL CONSIDERATION WITH THEIR OWN ADVISERS AS TO THE SUITABILITY OF THE PURCHASE IN LIGHT OF THEIR PARTICULAR FINANCIAL CIRCUMSTANCES.

Section E Offer Element E.2b Reasons for the offer and use of proceeds when different from making profit and/or hedging certain risks The net proceeds from the Warrants will be applied for the general financing purposes of the Socit Gnrale group of companies, which include making a profit. E.3 Description of the terms and conditions of the offer Not Applicable

Public Offer Jurisdiction(s): Offer Period: Offer Price per Warrant: Conditions to which the offer is subject: Description of the application process: Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants:

Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable

Details of the minimum and/or maximum amount of application: Details of the method and time limits for paying up and delivering the Warrants: Manner and date in which results of the offer are to be made public: Procedure for exercise of any right of preemption, negotiability of subscription rights and treatment of subscription rights not exercised: Whether Issue(s) has/have been reserved for certain countries: Process for notification to applicants of the amount allotted and the indication whether dealing may begin before notification is made: Amount of any expenses and taxes specifically charged to the subscriber or purchaser: Name(s) and address(es), to the extent known to the Issuer, of the placers in the various countries where the offer takes place: E.4

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Description of any interest that is material to the issue/offer including conflicting interests Save for any fees payable to the Manager, so far as the Issuer is aware, no person involved in the issue of the Warrants has an interest material to the offer.

E.7

Estimated expenses charged to the investor by the Issuer or the offeror Not Applicable. No expenses are charged to the investor by the Issuer or the Offeror

SAMMANFATTNING AV PROGRAMMET Sammanfattningar bestr av informationskrav som kallas Avsnitt. Dessa Avsnitt har numrerats i avsnitt A E (A.1 E.7). Denna sammanfattning innehller alla de Avsnitt som ska tas upp i en sammanfattning avseende vrdepapperen och Emittenten. Eftersom en del Avsnitt inte behver tas upp, kan det finnas luckor i numreringen av Avsnitten. ven om ett Avsnitt ska infogas i sammanfattningen p grund av egenskaperna hos vrdepapperen och emittenten r det mjligt att ingen relevant information kan uppges angende Avsnittet i frga. I sdana fall finns en kort beskrivning av Avsnittet med i sammanfattningen markerat som Ej Tillmpligt. Hnvisningar i denna sammanfattning till Emittenten avser SG Issuer, SGA Socit Gnrale Acceptance N.V. eller Socit Gnrale Effekten GmbH som fallet kan vara fr en specifik emission av Warranter. Avsnitt A Introduktion och varningar Avsnitt A.1 Varning Part 1 Denna sammanfattning ska lsas som en introduktion till Grundprospektet. Varje beslut om att investera i Warranterna ska baseras p ett vervgande av Grundprospektet i dess helhet. Om yrkande avseende uppgifterna i Grundprospektet anfrs vid domstol, kan den investerare som r krande i enlighet med den nationella lagstiftningen i Medlemsstaterna till det Europeiska Ekonomiska Samarbetsomrdet (EES) bli tvungen att svara fr kostnaderna fr versttning av prospektet innan de rttsliga frfarandena inleds. Civilrttsligt ansvar kan endast lggas de personer som lagt fram sammanfattningen, inklusive versttningar drav, men endast om sammanfattningen r vilseledande, felaktig eller ofrenlig med de andra delarna av prospektet eller om den inte, tillsammans med andra delar av prospektet, ger nyckelinformation fr att hjlpa investerare nr de vervger att investera i Warranterna. A.2 Samtycke till anvndning av grundprospektet Ej tillmpligt Emittenten har inte givit sitt samtycke till att Grundprospektet anvnds av en tredje part fr tersljning eller placering av Warranterna.

Avsnitt B Emittenter och Garantigivare Avsnitt B.1 Emittentens registrerade firma och handelsbeteckning Socit Gnrale Effekten GmbH

B.2

Ste, bolagsform, lagstiftning och land i vilket bolaget bildades

Socit Gnrale Effekten GmbH Ste: Neue Mainzer Strasse 46-50, 60311 Frankfurt am Main, Tyskland. Bolagsform: Limited Aktiebolag liability company (Gesellschaft mit beschrnkter Haftung (GmbH)). Lagstiftning som tillmpas fr Emittentens verksamhet: tysk lag. Land i vilket bolaget bildades: Tyskland

B.4b

Knda trender som pverkar Emittenten och alla branscher dr denne r verksam Socit Gnrale Effekten GmbH. frvntar sig att verksamheten under resterande delen av verksamhetsret kommer att fortstta p samma stt som det har gjort tidigare under r 2013.

B.5

Beskrivning av den koncern Emittenten tillhr och Emittentens stllning inom denna Socit Gnrale Effekten GmbH r ett dotterbolag till Socit Gnrale Group och har inga dotterbolag.

B.9

Uppgift om frvntat eller berknat resultat Ej tillmpligt Socit Gnrale Effekten GmbH har inte lmnat ngon vinstprognos eller ngot vinstestimat.

B.10

Beskrivning av typen av eventuella anmrkningar i revisionsberttelsen avseende den historiska finansiella informationen Ej tillmpligt. Revisionsberttelsen innehller inga anmrkningar.

B.12

Utvald vsentlig historisk finansiell information fr Emittenten Socit Gnrale Effekten GmbH

(in EUR)

30 juni, 2013

Rrelseintkter Rrelseresultat Resultat frn kvarvarande verksamhet Vinst och vinst efter utspdning per aktie Summa tillgngar Utdelning per aktie

(000) 55 0 0

31 december, 2012 (reviderad) (000) 215 0 0

30 juni, 2012

(000) 52 0 0

31 december, 2011 (reviderad) (000) 103 0 0

22 522 679 0

30 434 004 0

39 422 013 0

43 158 609 0

Vsentliga negativa frndringar som har gt rum i Emittentens framtidsutsikter sedan den senast offentliggjorda reviderade redovisningen Inga vsentliga negativa frndringar har gt rum i framtidsutsikterna fr Socit Gnrale Effekten GmbH sedan den senast offentliggjorda reviderade redovisningen, daterad den 31 december 2012. Vsentliga frndringar i Emittentens finansiella situation eller stllning p marknaden efter den period som tcks av den historiska finansiella informationen Det inte frekommit ngra vsentliga frndringar i den finansiella situationen eller stllningen p marknaden fr Socit Gnrale Effekten GmbH sedan de senast publicerade finansiella rapporterna den 30 juni 2013. B.13 Hndelser som nyligen har intrffat och som r specifika fr Emittenten i den utstrckningen de har en vsentlig inverkan p bedmningen av Emittentens solvens Det har inte frekommit ngra hndelser som nyligen har intrffat och som r specifika fr Socit Gnrale Effekten GmbH vilka har en vsentlig inverkan p bedmningen av solvens fr Socit Gnrale Effekten GmbH. B.14 Uttalande om huruvida Emittenten r beroende av andra fretag inom koncernen Se Avsnitt B.5 ovan fr en beskrivning av position inom koncernen fr Socit Gnrale Effekten GmbH. Socit Gnrale Effekten GmbH r inte beroende av andra enheter inom Koncernen. B.15 Emittentens huvudsakliga verksamhet Socit Gnrale Effekten GmbH:s verksamhetsndaml r att emittera och slja vrdepapper och drtill relaterade aktiviteter, med undantag fr sdana som krver tillstnd. Bolaget verkar inom emittering och placering av vrdepapper, huvudsakligen warranter och certifikat, samt drtill relaterade aktiviteter. Bankverksamhet ssom definierat i den tyska banklagen (Kreditwesengesetz, KWG) omfattas ej av verksamhetsndamlet. Socit Gnrale Effekten GmbH r en finansiell entitet ssom definierat i stycke 1(3) mening 1, punkt 5 KWG. B.16 Svitt Emittenten har knnedom, i vilken utstrckning Emittenten r direkt eller indirekt gd eller kontrollerad, vem som utvar denna kontroll och vad denna kontroll bestr i Socit Gnrale Effekten GmbH r ett dotterbolag som till 100 % gs av Socit Gnrale, Paris och bolaget r ett fullstndigt konsoliderat bolag. B.17 Kreditvrderingsbetyg som tilldelats Emittenten eller Emittentens skuldebrev Socit Gnrale Effekten GmbH har inte tilldelats ngot kreditvrdighetsbetyg.

B.18

Garantins art och tillmpningsomrde Punktlig betalning av alla frfallna belopp av Socit Gnrale Effekten GmbH gllande nmnda Warranterna r ovillkorligen och oterkalleligen garanterade av Garantigivaren i enlighet med

garantiavtalet, med frbehll fr att garantin inte ska glla fr ngra Warranter som utfrdas p eller efter datumet fr Garantin av Socit Gnrale Effekten GmbH, i den omfattning, vid emissionsdatumet (Emissionsdatumet) fr sdana Warranter, produkten av antalet emitterade Warranter och deras emissionskurs (med beaktande av eventuell kvittning, sammanlggning av konton, avrkning eller andra liknande arrangemang vilka frn tid till annan kan tillmpas av Emittenten i frhllande till sdana personer till vilka emittenten str i skuld till) nr dessa frfaller till betalning, omvandlat till Euro enligt tillmplig avistakurs fr sdana emissionsdatum, r lika med ett belopp som verskrider 75 000 000 000 .

B.19

Upplysningar om garantigivaren p samma stt som om garantigivaren hade varit Emittent av samma typ av vrdepapper som utgr fremlet fr garantin Garantigivarens registrerade firma och handelsbeteckning Socit Gnrale

B.19 B.1

B.19 B.2

Ste, bolagsform, lagstiftning och land i vilket bolaget bildades Socit Gnrale Ste: 29, boulevard Haussmann, 75009 Paris, Frankrike. Bolagsform: Publikt aktiebolag (socit anonyme). Lagstiftning som tillmpas fr Emittentens verksamhet: Fransk lagstiftning. Land i vilket bolaget bildades: Frankrike.

B.19 B.4b

Knda trender som pverkar Garantigivaren och alla branscher dr denne r verksam Avsevrd men samtidigt ojmn frsmring av den globala ekonomiska miljn, rekommendation frn Europeiska centralbanken att uppn en Core Tier 1 p minst 9 % under Basel 2.5 frn den 30 juni 2012, Vickers rapport i Storbritannien som freslr att man separerar bankernas retail-verksamhet frn deras vriga bankverksamhet (en frga som kommer att tas upp av Europeiska Unionen under r 2012), andra omrden som ses ver av Financial Stability Board r bland annat harmonisering av bokfringsstandarder, ersttningspraxis, regler fr OTC-derivat, etc. I USA lade regelverket DoddFrank grunden fr vervakning av systemisk risk och en insyn i vissa delar av fretags- och investeringsbankernas verksamhet. Beskattning av finansiella transaktioner infrdes r 2012 i Frankrike och 2013 i Italien. EU-kommissionen har offentliggjort ett frslag till ett direktiv om gemensam beskattning av finansiella transaktioner i Belgien, Tyskland, Estland, Grekland, Spanien, Frankrike, Italien, sterrike, Portugal, Slovenien och Slovakien.

B.19 B.5

Beskrivning av den koncern Garantigivaren tillhr och Garantigivarens stllning inom denna Socit Gnrale utgr moderbolag fr koncernen Socit Gnrale Group ( Koncernen). Socit Gnrale Group tillhandahller rdgivning och andra tjnster till privata kunder, fretag och institut, som en del av tre huvudsakliga affrsverksamheter: Retailbanking i Frankrike under namnen Socit Gnrale, Crdit du Nord och Boursorama. Internationell retailbanking, med nrvaro i centrala och stra Europa, Ryssland, Medelhavsomrdet, subsahariska Afrika, Asien och de franska utomeuropeiska territorierna. Fretagsbank- och investeringsbanktjnster med bred expertis inom investeringsbanktjnster,

finans- och marknadsverksamhet.

B.19 B.9

Uppgift om frvntat eller berknat resultat Ej Tillmpligt. Socit Gnrale har inte lmnat ngon vinstprognos eller ngot vinstestimat.

B.19 B.10

Beskrivning av typen av eventuella anmrkningar i revisionsberttelsen avseende den historiska finansiella informationen Ej tillmpligt. Revisionsberttelsen innehller inga anmrkningar om historisk finansiell information.

B.19 B.12

Utvald vsentlig historisk finansiell information fr Garantigivaren

Socit Gnrale

Halvrsresultat 2013 Resultat (i miljoner Euro) Periodens intkter fr banktjnster Rrelseintkt Periodens resultat exklusive minoritetsintressen Periodens resultat Franska ntverk Internationell retailbanking Fretags- och investeringsbanktjnster Specialiserade finanstjnster och frskring Frvaltning och andra tjnster fr global investering Fretagscenter Verksamhet (i miljarder Euro) Summa tillgngar och skulder Kundfordringar Kunddepositioner Eget kapital (i miljarder euro) Gruppens aktiegares tillgngar Summa konsoliderat eget kapital 49.4 53.3 1 254.1 341.2 350.0 575 138 868 11 321

Rkenskapsret 2012 (*)

Halvrsresultat 2012 (*) 12 583

Rkenskaps-ret 2011

23 110 1 433 1 532 1 224 1 319 790 1 291 (51) 1 053 389 674 157 (293) (808) (1 884) 1 250.9 350.2 337.2 49.3 53.6 (93) 1 246.7 360.5 348.5 48.7 52.9 (48) 330 1 171 686 (186) 482 2 757 2 548 1 411

25 636 4 270 2 788 2 385 1 428 325 635 297 171 (471) 1 181.4 367.5 340.2 47.1 51.1

(*)Poster som avser resultatet fr 2012 har omrknats till fljd av infrandet av IAS (International Accounting Standard) 19: frndringen av redovisningsmetod innebr justering av uppgifter fr det

fregende ret.

Vsentliga negativa frndringar som har gt rum i Garantigivarens framtidsutsikter sedan den senast offentliggjorda reviderade redovisningen Inga vsentliga negativa frndringar har gt rum i framtidsutsikterna fr Socit Gnrale och dess konsoliderade dotterbolag (beaktade gemensamt) sedan den senast offentliggjorda reviderade redovisningen, daterad den 31 december 2012. Vsentliga frndringar i Garantigivarens finansiella situation eller stllning p marknaden efter den period som tcks av den historiska finansiella informationen Inga vsentliga frndringar har gt rum i den finansiella situationen eller stllningen p marknaden fr Socit Gnrale och dess konsoliderade dotterbolag (beaktade gemensamt) sedan de senaste publicerade finansiella rapporterna den 30 juni 2013. B.19 B.13 Hndelser som nyligen har intrffat och som r specifika fr Garantigivaren i den utstrckningen de har en vsentlig inverkan p bedmningen av Garantigivarens solvens Det har inte frekommit ngra hndelser som nyligen har intrffat och som r specifika fr Garantigivaren i den utstrckningen de har en vsentlig inverkan p bedmningen av Garantigivarens solvens. B.19 B.14 Uttalande om huruvida Garantigivaren r beroende av andra fretag inom koncernen

Se Avsnitt B.19 B.5 ovan fr en beskrivning av Garantigivarens position inom koncernen. Socit Gnrale r koncernens ultimata investmentbolag. Socit Gnrale driver dock ven en egen verksamhet och agerar inte uteslutande som ett investmentbolag fr sina dotterbolag.

B.19 B.15

Garantigivarens huvudsakliga aktiviteter

Socit Gnrales ndaml r, i enlighet med de villkor som bestms i de lagar och frordningar som gller fr kreditinstitut, att utfra, gentemot individer och fretag, i Frankrike eller utomlands: alla banktransaktioner, alla transaktioner hnfrliga till bankverksamhet, inklusive, i synnerhet, sdana investeringstjnster eller drtill knutna tjnster som upprknas i paragraferna L. 321-1 och L. 321-2 i franska Lagen om penning- och finansmarknaden (Code montaire et financier), alla frvrv av intressen i andra bolag. Socit Gnrale kan ocks regelbundet och p de villkor som bestms av den franska bank- och finansregleringskommittn utva alla vriga transaktioner utver de som nmns ovan, inklusive, i synnerhet, frskringsmkleri. P det hela taget kan Socit Gnrale genomfra, fr egen rkning, fr tredje parts rkning eller gemensamt, alla finansiella, kommersiella, industriella, jordbruks- eller skerhetstransaktioner eller transaktioner gllande fast eller ls egendom, direkt eller indirekt hnfrliga till ovan nmnda aktiviteter eller som troligtvis kommer underltta utfrandet av sdan verksamhet.

B.19 B.16

Svitt Garantigivaren har knnedom, i vilken utstrckning Garantigivaren r direkt eller indirekt gd eller kontrollerad, vem som utvar denna kontroll och vad denna kontroll bestr i Socit Gnrale gs inte eller styrs inte av ett moderbolag.

B.19 B.17

Kreditvrderingsbetyg som tilldelats Garantigivaren eller Garantigivarens skuldebrev

Socit Gnrale har ftt betyget A2 av Moodys France S.A.S., A av Standard and Poors Credit Market Services France S.A.S., A av Fitch France S.A.S. och AA (low) av DBRS Ratings Limited. Moody's France S.A.S., Fitch France S.A.S., Standard & Poor's Credit Market Services France S.A.S. och DBRS Ratings Limited r per dagen fr Grundprospektet, etablerade inom den Europeiska Unionen och r registrerade under Europaparlamentets och Rdets Frordning (EG) nr 1060/2009 (ssom ndrat) (CRA-frordningen) och ingr i listan ver registrerade kreditvrderingsinstitut vilken publicerats p ESMA:s webbplats (www.esma.europa.eu).

Avsnitt C Vrdepapper Avsnitt C.1 Slag och kategori nr det gller de vrdepapper som erbjuds och/eller tas upp till handel, inbegripet eventuell identitetskod Warranterna r Indexlnkade Warranter.

Clearingsystem(s):

Euroclear Sweden AB

ISIN-kod: C.2

DE000SG38584

Uppgift om i vilken valuta vrdepapperen r denominerade

Avrkningsvaluta eller valutor: C.5

SEK

Eventuella inskrnkningar i rtten att fritt verlta vrdepapperen Det finns inga inskrnkningar i rtten att fritt verlta Warranterna, utver de inskrnkningar fr att slja och verlta som gller i vissa jurisdiktioner (inklusive, utan begrnsning till, USA).

C.8

Rttigheter som sammanhnger med vrdepapperen, inklusive kreditvrdighetsbetyg och inskrnkningar i sdana rttigheter och rutiner fr att utva sdana rttigheter. Rangordning Warranterna kommer att vara direkta, ovillkorliga, icke-skerstllda och icke-efterstllda obligationer

emitterade av Emittenten och kommer att rangordnas pari passu inbrdes och (frutom vissa skulder som enligt lag har srskild frmnsrtt) tminstone jmbrdes med alla andra existerande och framtida av Emittenten utgivna direkta, ovillkorliga, icke-skerstllda och icke-efterstllda obligationer. Tillmplig lag Warranterna och alla icke-kontraktuella tagande som uppstr till fljd av eller i samband med Warranterna r underkastade och ska tolkas i enlighet med engelsk lag.

C.11

Uppgifter om huruvida de vrdepapper som erbjuds r eller kommer att bli freml fr en anskan om upptagande till handel med avsikt att de ska distribueras p en reglerad marknad eller motsvarande, med information om vilka marknader som avses Anskan kommer att inlmnas fr Warranterna att bli upptagna till handel p den reglerade marknaden Nordic Derivatives Exchange.

C.15

Hur vrdet av investeringen pverkas av vrdet p det eller de underliggande instrumenten Det belopp (om ngot) som utbetalas fr Warranterna och sledes avkastningen (om ngon) som en investerare kan tillgodogra sig, kommer att bestmmas med hnvisning till, och drfr vara avhngig, utvecklingen av OMX Stockholm 30 indexet ( Indexet). En liten rrelse i Indexet kan resultera i en avsevrt strre kning (vid upptgende rrelse i Indexet) eller minskning (vid nedtgende rrelse i Indexet) i Warranternas avkastning. Warranterna r utformande att flja utvecklingen i Hvstngsstrategin (Eng. Leveraged Strategy), med beaktande av avdrag fr Courtage, och genom att flja utvecklingen i Hvstngsstrategin, kommer Warranterna att ge en daglig lng hvstngsexponering mot Indexet. Exponeringen mot Indexet som ges av Warranterna frstrks genom hvstngsfaktorn (Hvstngen). Med frbehll fr vissa faktorer (inklusive, i synnerhet, Courtage och Underliggande Utdelningar), r Warranterna utformade att multiplicera den dagliga utvecklingen i Indexet med en faktor (Hvstngen) (frutom i vissa begrnsade situationer, d ett intradags terkp kan triggas fr att stadkomma visst skydd mot extrema vrdefall i Indexet). Om, till exempel, Indexet rr sig med 1 procent p en handelsdag, berknat frn fregende dags stngningskurs, kommer vrdet p Warranterna, med frbehll fr vissa faktorer (inklusive, i synnerhet, Courtage och underliggande utdelningar), p en sdan handelsdag att frndras med cirka 1 procent, multiplicerat med Hvstngen. Ju strre negativ Indexutveckling, desto lgre avkastning p Warranterna och, motsatsvis, ju strre positiv Indexutveckling, desto hgre avkastning p Warranterna. Det r viktigt att notera att Warranternas exponering mot Indexet terstlls dagligen. Varmed avses, att Warranternas utveckling, med avseende p en viss handelsdag, baseras p hur mycket Indexet har stigit eller sjunkit frn nivn frn dess stngning fregende handelsdag. Efterfljande handelsdag pbrjas processen p nytt frn Indexets nya stngningsniv. Fljaktligen, kommer rrelser i Indexet att vara sammansatta fr perioder verstigande en dag och Warranternas utveckling kommer potentiellt att avvika frn femton multiplicerat med Indexutvecklingen frn en dag till annan under en sdan period. Se ven Avsnitt C.18 nedan.

C.16

Stngnings- eller frfallodag fr derivatinstrumenten lsendag eller sista handelsdag

Frfallodagen fr Warranterna kommer att vara 21 januari 2033. C.17 Beskrivning av frfarandet fr avveckling av derivatinstrumenten Kontant avveckling. C.18 Beskrivning av frfarandet vid avkastning p derivatinstrumenten Warranterna kommer att avrknas kontant (Kontantavrknade Warranter) till ett belopp som r lika med Kontantavrkningsbeloppet. Kontantavrkningsbeloppet r ett belopp lika med verskottet av: det Slutliga Avrkningspriset som verstiger Lsenpriset dr Det Slutliga Avrkningspriset bestms enligt nedan: Det Slutliga Avrkningspriset fr en Warrant ska motsvara ett belopp berknat enligt nedan formel: Slutligt Avrkningspris = Fiktivt Belopp x Produktformel(T) (Eng. Final Settlement Price = Notional Amount x Product Formula (T) ) Lsenpriset r 0 kronor; och Pariteten r Ej Tillmplig. Warranterna kan utnyttjas i frtid diskretionrt av Emittenten. Warrantinnehavare har under sdana omstndigheterna rtt till det Disrektionra Frtida Avrkningsbeloppet, vilket ska vara ett belopp bestmt p samma stt som Kontantavrkningsbeloppet, med frbehll fr att det Slutliga Avrkningspriset kommer att faststllas som att det hade bestmts till det Disre ktionra Frtida Avrkningsbeloppet (till skillnad frn datumet enligt vilket det Slutliga Avrkningspriset faktiskt mste bestmmas i enlighet med de Tillkommande Villkoren (Eng. Additional Terms and Conditions) hnfrliga till One-Delta, Bestmd Hvstng (Eng. Fixed Leverage) och Turbowarranterna (Eng. Turbo Warrants) motsvarande Referensen fr Produkterna. I de fall Emittenten inte vljer att utnyttja sin diskretionra rtt till frtida inlsen av Warranterna, kommer Warranterna ndock fortsttningsvis att kunna utnyttjas eller dras tillbaka i enlighet med Emittentens diskretionra rtt till Trigger frtida avrkning. Warranterna kommer att lsas in automatiskt om antalet utestende Warranter understiger 10 procent av antalet utestende Warranter per emission, varp Warranterna kommer att avrknas genom betalning av ett belopp baserat p marknadsvrdet fr Warranterna. C.19 Lsenpris eller sista noterade pris fr det underliggande instrumentet Det Slutliga Avrkningspriset fr en Warrant ska motsvara ett belopp berknat enligt nedan formel: Slutligt Avrkningspris = Fiktivt Belopp x Produktformel(T) (Eng. Final Settlement Price = Notional Amount x Product Formula (T) )

Produktformel(T) = Grundavrkningsnivn FSP + (1 / Grundbeloppet) x Max(Initiala Vrdet x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) C(T);0) x (1 / FX(T+1)) (Eng. Product Formula(T) = BaseSettlementLevel_FSP + (1 / BaseAmount) x Max(InitialValue x FX(0) x Ratio(T) x (LSCL(T) / LSCL(0)) -C(T);0) x (1 / FX(T+1)))

Dr:

Nyckeldefinitioner FX(i)

Ratio eller Ratio(i)

r, fr ngon Vrderingsdag(i) (Eng. Valuation Date(i)), avistavxelkursen per Stngningstidpunkten fr FXKllan (Eng. FXSourceFixingTime) fr att omvandla Grundvalutan (Eng. BaseCurrency) till Hvstngsstrategivalutan (Eng. LeveragedStrategyCurrency) med avseende p sdan Vrderingsdag(i), ssom offentliggjord av FX-Kllan (Eng. FXSource) eller dess eftertrdare. Om ingen sdan kurs finns att tillg p Vrderingsdag(i), ska FX(i) bestmmas till frsta tillgngliga avistavxelkurs frn Stngningstidpunkten fr FX-Kllan att omvandla Grundvalutan till Hvstngsstrategivalutan med avseende p sdan efterfljande dag, ssom offentliggjord av FX-Kllan eller dess eftertrdare. r, fr varje Vrderingsdag(i), vrdet fr Ratio(i) med avseende p varje Warrant p sdan Vrderingsdag(i), vilken ska vara vrdet p Ratio(i) p Vrderingsdag(i-1), svida inte justerat av Berkningsagenten i enlighet med nedan villkor. Om, p ngon Vrderingsdag(i), frn den Initiala Vrderingsdagen till och med den Sista Vrderingsdagen: C(i) / IV(i) > Rationollstllningstrskel (Eng. C(i) / IV(i) > RatioResetThreshold) kommer Berkningsagenten att justera vrdet fr Ratio(i) med avseende p sdan Vrderingsdag(i). Berkningsagenten kan ven, p ngon Vrderingsdag(i), frn den Initiala Vrderingsdagen till och med den Sista Vrderingsdagen, diskretionrt vlja att justera vrdet p Ratio(i) med avseende p sdan Vrderingsdag(i). Om Berkningsagenten justerar vrdet p Ratio(i), ska den gra det i enlighet med nedan formel: Ratio(i)= (Ratio(i -1) x LSCL(i) - CFRE(i) x (LSCL(0) / (Initiala Vrdet x FX(0)))) / LSCL(i)

(Eng. Ratio(i)= (Ratio(i -1) x LSCL(i) - CBEFORE(i) x (LSCL(0) / (InitialValue x FX(0)))) / LSCL(i)) Det initial vrdet fr Ratio ska motsvara Ratio(0) = RatioInitial LSCL(i) r, fr varje Vrderingsdag(i), Slutnivn fr Hvstngsstrategin (Eng. Leveraged Strategy Closing Level) p sdan Vrderingsdag(i), eftersom sdan niv kan komma att justeras i enlighet med villkoren fr Extraordinr Strategijustering av Utvecklingsskl (Eng. "Extraordinary Strategy Adjustment for Performance Reasons"). bestms i enlighet med nedan formel: CFRE(i) = C(i -1) + ((ACT(i -1;i) / DagberkningsbasisKommission) x (%Courtagernta(i) + %Mellanskillnadspremiumrnta(i) + %Skerhetskostnadsrnta(i) + %Kvantitetsrnta(i)) x Inneboende Vrde(i)) (Eng. CBEFORE(i) = C(i -1) + ((ACT(i -1;i) / DayCountBasisCommission) x (%CommissionRate(i) + %GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i)))

CFRE(i) (Eng. CBEFORE(i))

Courtage(i), Courtage eller C(i)

r, fr varje Vrderingsdag(i): om (i) r den Initiala Vrderingsdagen eller en dag p vilken vrdet av Ratio(i) har justerats i enlighet med definitionen fr Ratio eller Ratio(i) hri: 0 och i annat fall: C(i) = C(i-1) + (ACT(i-1;i) / DagberkningsbasisKommission) x (%Courtagernta(i) + %Mellanskillnadspremiumrnta(i) + %Skerhetskostnadsrnta(i) + %Kvantitetsrnta(i)) x Inneboende Vrde(i)

(Eng. C(i) = C(i-1) + (ACT(i-1;i) / DayCountBasisCommission) x (%CommissionRate(i) +

%GapPremiumRate(i) + %CollatCostRate(i) + %QuantoRate(i)) x IntrinsicValue(i))

Inneboende Vrde eller Inneboende Vrde(i) (Eng. Intrinsic Value or IntrinsicValue(i))

r, fr varje Vrderingsdag(i), ett belopp bestmt av Berkningsagenten i enlighet med nedan formel: Inneboende Vrde(i) = Max(Initialt Vrde x FX(0) x Ratio(i-1) x (LSCL(i) / LSCL(0)) - C(i-1);0)

(Eng. IntrinsicValue(i) = Max(InitialValue x FX(0) x Ratio(i-1) x (LSCL(i) / LSCL(0)) - C(i-1);0))

Vrderingsdag(i) (Eng. Valuation Date(i))

r en Planerad Handelsdag (Eng. Scheduled Trading Day) mellan den Initiala Vrderingsdagen och den Sista Vrderingsdagen. Med Vrderingsdag(0) avses den Initiala Vrderingsdagen, med Vrderingsdag (T) avses den Sista Vrderingsdagen och fr varje dag (i) mellan 1 (inklusive) och (T-1) (inklusive), med Vrderingsdag(i) avses den Planerade Handelsdagen omedelbart efter Vrderingsdag (i-1). Med den Initiala Vrderingsdagen avses 06 december 2013. Med den Sista Vrderingsdagen avses 14 januari 2033.

Hvstngsstrategi (Eng. Leveraged Strategy) Beskrivning av Hvstngsstrategin Strategin som utvecklingen fr Warranten r lnkad till r Hvstngsstrategin, vilken r exponering med hvstng gentemot det Underliggande med en Hvstngsfaktor Hvstngen och ett hypotetisk penningsmarknadsinstrument. Hvstngsstrategins fiktiva exponering ndras varje Vrderingsdag fr att ta Slutnivn fr Hvstngsstrategin i beaktande, berknat frn fregende Vrderingsdag, ssom mer utfrligt beskrivet hrefter. Med frbehll fr intrffandet av en Intradagsterkpshndelse (Eng. Calculation Time(v)), fr varje Vrderingsdag(i), kommer Slutnivn fr Hvstngsstrategin, frn sdan Vrderingsdag(i) att berknas i enlighet med nedan formel: p Vrderingsdagen(0): LSCL(0) = LSCLInitial

p varje efterfljande Vrderingsdag(i): LSCL(i) = Max(LSCL(i-1) x (1 + Hvstng x ((Pris(i) / JusteratPris(i-1)) -1) + (1-Hvstng) x Niv(i-1) x ACT(i-1,i) / DagberkningsbasisRnta),0) (Eng. LSCL(i) = Max(LSCL(i-1) x (1 + Leverage x ((Price(i) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1) x ACT(i-1,i) / DayCountBasisRate),0)) Med frbehll fr intrffandet av en Intradagsterkpshndelse, fr varje Vrderingsdag(i), kommer Hvstngsstrateginivn, frn sdan Berkningstidpunkt(v) (Eng. Calculation Time(v)) att berknas i enlighet med nedan formel:

LSL(i,v) = Max(LSCL(i-1) x (1+ Hvstng x ((Pris(i,v) / JusteratPris(i-1)) -1) + (1-Hvstng) x Niv(i-1 ) x ACT(i-1,i) / DagberkningsbasisRnta),0) (Eng. LSL(i,v) = Max(LSCL(i-1) x (1+ Leverage x ((Price(i,v) / AdjPrice(i-1)) -1) + (1-Leverage) x Rate(i-1 ) x ACT(i-1,i) / DayCountBasisRate),0)) Fr att bestmma LSCL(i) p Vrderingsdagen omedelbart efter en Referensdag fr Intradagsterkpshndelsen (Eng. Intraday Restrike Event Reference Day), kommer hnvisningar till (i-1) i formeln fr LSCL(i) ovan att anses vara hnvisningar till (i). Srskilda Definitioner relaterade till Hvstngsstrategin JusteratPris(i-1) bestms, fr varje Vrderingsdag(i), i enlighet med (Eng. AdjPrice(i-1)) nedan formel: Pris(i-1) -%DistRate(i) x Dist(i) (Eng. Price(i-1) -%DistRate(i) x Dist(i))

Kontantrnta eller Kontantrnta(i) (Eng. CashRate or CashRate)

r, fr varje Vrderingsdag(i) (1) Nivn fr Dagslnerntan (Eng. RateOvernight) fr sdan Vrderingsdag(i); or (2) Den senast visade Dagslnerntan, om sdan Dagslnernteniv finns tillgnglig per dagen fr sdan Vrderingsdag(i) I bda fallen ssom bestmt av Berkningsagenten, frutsatt, avseende (2) ovan, att Dagslnerntan inte visats p Dagslnerntansidan (Eng. RateOvernightScreenPage) (eller, om tillmpligt, ersttningstjnst eller sida nyttjad av Berkningsagenten i syfte att faststlla sdan rnta) avseende en period verstigande 7 Vrderingsdagar och sdan rnta, enligt Berkningsagentens

bedmning, troligen frvntas att avbrytas (en sdan rnta, en Avbruten Rnta (Eng. "Discontinued Rate")), ska Berkningsagenten bestmma Kontantrntan(i) (a) genom att vlja en ersttningsrnta fr sdan Avbruten Rnta vilken erbjuder likvrdiga ekonomiska egenskaper som den Avbrutna Rntan, eller om Berkningsagenten bedmmer att ingen sdan ersttningsrnta existerar, (b) p basis av kostnaden som Socit Gnrale skulle tagit betalt eller bli krvd p betalning fr att lna pengar i Hvstngsstrategivalutan p dagslnebasis. Stngningsniv fr Hvstngsstrategi eller LSCL(i) (Eng. Leveraged Strategy Closing level or LSCL(i)) Hvstngsstrateginiv eller LSL(i,v) (Eng. Leveraged Strategy Level or LSL(i,v)) Rnta eller Rnta(i) r, fr en Vrderingsdag(i), Stngningsnivn fr Hvstngsstrategin berknad frn ngon sdan dag (i), eftersom sdan niv kan komma att justeras.

r, fr en Vrderingsdag(i) och en Berkningstidpunkt(v), den senaste nivn fr Hvstngsstrategin frn sdan Berkningstidpunkt(v), eftersom sdan niv kan komma att justeras. avses, fr varje Vrderingsdag(i), en rlig rnta berknad frn sdan dag i enlighet med nedan formel: Rnta(i) = Kontantrnta(i) + %SpreadNiv(i) (Eng. Rate(i) = CashRate(i) + %SpreadLevel(i))

Pris(i)

r, gllande varje Vrderingsdag(i), slutpriset fr det Underliggande frn berknat frn sdan Vrderingsdag(i), och med frbell fr justeringar och villkor gllande bolagshndelser och/eller extraordinra hndelser. r, gllande varje Vrderingsdag(i) och Berkningstid(v), intradagpriset fr sdan Underliggande berknat frn sdan Vrderingsdag(i) och berkningstid(v).

Pris(i,v)

Berkningstidpunkt (Eng. Calculation Time)

r, gllande Hvstngsstrategin, en tidpunkt mellan brsens berknade ppningstidpunkt och dess stngningstidpunkt frutsatt att den relevanta datan r tillgnglig fr att mjliggra fr Berkningsagenten att bestmma Hvstngsstrateginivn.

Utdelningar och bolagshndelser som pverkar det Underliggande (Eng. Distributions and corporate actions affecting the Underlying: Specific Definitions )

Dist(i) Underliggande Utdelningar, eller Dist(i1,i2)

r Dist(i-1, i) r, fr ngot datum (i1) och (i2), summan av samtliga Brutto Ordinarie Utdelningar (Eng. Gross Ordinary Distributions) utbetalade fr det Underliggande, vilka har en ex-dag mellan (i1) (exklusive) och (i2) (inklusive). Om sdan Brutto Ordinarie Utdelning inte r denominerad i det Underliggandes valuta, kommer sdan Brutto Ordinarie Utdelning att omvandlas till sdan valuta genom Berkningsagentens frsorg genom anvndning av senast tillgngliga avistavxlingskurs berknad frn Stngningstidpunkten fr FX-Kllan (Eng. FXSourceFixingTime) som offentliggjorts per Vrderingsdagen omedelbart fregende den relevanta Vrderingsdagen(i) fr FXKllan. Om ingen sdan kurs r tillgnglig per Vrderingdagen omedelbart fregende Vrderingsdagen(i), ska sdan kurs vara frsta tillgngliga avistavxlingskurs berknat frn Bestmningstidpunkten fr FX-Kllan fr att omvandla sdan Brutto Ordinarie Utdelning till det Underliggandes Valuta efter Vrderingsdagen(i), ssom offentliggjorts av FX-Kllan, eller ngon ersttningstjnst eller sida vilken anvnds av Berkningsagenten i syfte att faststlla sdan kurs.

Extraordinr Strategijustering av Utvecklingsskl (Eng. Extraordinary Strategy Adjustment for Performance Reasons) Beskrivning Om Berkningsagenten bedmer att en Intradagsterkpshndelse (Eng. Intraday Restrike Event) har intrffat p en Berkningstidpunkt(v) under en Vrderingsdag(i), ska en justering (en Extraordinr Strategijustering av Utvecklingsskl) ga rum under sdan Vrderingsdag(i) i enlighet med fljande villkor. Realtidsberkningen fr Hvstngsstrategin ska avbrytas under Observationsperioden fr Intradagsterkpshndelsen (Eng. Intraday Restrike Event Observation Period) och terupptas inom 15 minuter efter avslutad Observationsperiod fr Intradagsterkpshndelsen (tidpunkten fr terupptagande ska vara terupptagandetidpunkt fr Berkning (Eng. Calculation Resume Time) och dagen d terupptagandet sker ska vara terupptagandedagen fr Berkning (Eng. Calculation Resume Day) eller CRD. Om Observationsperioden fr Intradagsterkpshndelsen pgr en kortare tid n 15 minuter innan Stngningstidpunkten (Eng. FixingTime) p en Referensdag fr Indradagterkpshndelse, ska terupptagandetidpunkten fr Berkning vara Stngningstidpunkten som omedelbart infaller efter avslutad Observationsperiod fr Intradagsterkpshndelsen P varje terupptagandetidpunkt fr Berkning, frn terupptagandetidpunkten fr Berkning, kommer LSCL(CRD) och LSL(CRD,v) att bestmmas enligt fljande:

Fr varje Berkningstidpunkt(v) under vilken sdan terupptagandetidpunkt fr Berkning efter avslutad Observationsperiod fr Intradagsterkpshndelsen, ska Hvstngsstrategin berknas enligt nedan formel: LSL(CRD,v) = LSL(i',VREF(v)) x (1 + Hvstng x ((Pris(CRD,v) / JusteratPris(i')) 1) + (1 - Hvstng) x Rnta(i') x ACT(i',CRD) / DagberkningsbasisRnta) (Eng. LSL(CRD,v) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD,v) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate)) och p Stngningstidpunkten fr sdan terupptagandedag fr Berkning: LSCL(CRD) = LSL(i',VREF(v)) x (1 + Hvstng x ((Pris(CRD) / JusteratPris(i')) 1) + (1 - Hvstng) x Rnta(i') x ACT(i',CRD) / DagberkningsbasisRnta) (Eng. LSCL(CRD) = LSL(i',VREF(v)) x (1 + Leverage x ((Price(CRD) / AdjPrice(i')) - 1) + (1 - Leverage) x Rate(i') x ACT(i',CRD) / DayCountBasisRate))

Specifika Definitioner (i) r Referensdagen fr Intradagsterkpshndelsen vilken korresponderar med Intradagsterkpshndelsen omedelbart fregende Berkningstidpunkten(v). r i enlighet med nedan formel: JusteratPris(i' ) = Pris(i',VREF(v)) - %DistRate(CRD) x Dist(i',CRD) (Eng. AdjPrice(i' ) = Price(i',VREF(v)) - %DistRate(CRD) x Dist(i',CRD))

JusteratPris (Eng. AdjPrice(i))

Intradagsreferensnivn (Eng. Intraday Reference Level)

r, gllande Vrderingsdag(i) och Berkningstidpunkt(v), nivn fr Underliggande berknat frn (1) den sista Referenstidpunkten fr Intradagsterkpshndelsen fregende och exkluderande sdan Berkningstidpunkt(v) eller (2) om ingen Intradagsterkpshndelse har intrffat p en sdan dag, stngningsnivn fr det Underliggande p den Omedelbart fregende Vrderingsdagen. r, gllande Vrderingsdag(i), minskningen vid en Berkningstidpunkt(v) fr nivn p det Underliggande nedanfr Dagliga terkpsprocentsatsen (Eng. DailyRestrikePercentage) fr en relevant Intradagsreferensniv p en sdan Berkningstidpunkt.

Intradagssterkpshndelse (Eng. Intraday Restrike Event)

Observationsperioden fr Intradagsterkpshndelsen (Eng. Intraday Restrike Event Observation Period)

r gllande en Intradagsterkpshndelse, perioden som startar p och exkluderar Intradagshndelsetidpunkten (Eng. Intraday Restrike Event Time) och avslutas p och inkluderar tidpunkten som infaller 15 minuter efter Intradagshndelsetidpunkten. I de fall, under sdan 15 minutersperiod, Berkningsagenten bestmmer att (1) nivn fr det Underliggande inte sprids ut av Ansvarig fr Indexet (Eng. Index Sponsor) eller (2) Brsen eller den Relaterade Brsen inte r ppen fr lpande handel, kommer Observationsperioden fr Intradagsterkpshndelsen frlngas s lnge ndvndigt till dess (1) nivn fr det Underliggande r berknat och sprids ut av Ansvarig fr Indexet och (2) Brsen och den Relaterade Brsen ppnats fr lpande handel fr en sammanhngande period om 15 minuter. Om Observationsperioden fr Intradagsterkpshndelsen inte kan avslutas per Stngningstidpunkten: (1) ska sdan dag inte vara Vrderingsdagen fr syftet att bestmma ngon komponent i Hvstngsstrategin, frutom (a) i syfte att berkna LSL(i,vREF(v)) och JusteratPris(i) (och deras bestndsdelar) motsvarande den tillmpliga Intradagsterkpshndelsen och (b) i syfte att berkna LSL(i,vREF(v)) och JusteratPris(i) (och deras bestndsdelar) med avseende p ngon tidigare Intradagsterkpshndelse som har intrffat p en sdan dag, om ngon; och (2) sdan Observationsperiod fr Intradagsterkpshndelse ska frlngas till den efterfljande Vrderingsdagen i s mtto ndvndigt till dess att Berkningsagenten bestmmer att (a) nivn fr det Underliggande r berknat och spridits ut av Ansvarig fr Indexet och (b) Brsen och den Relaterade Brsen r ppna fr lpande handel fr en sammanhngande period om 15 minuter. I syfte att enbart bestmma Observationsperioden fr Intradagsterkpshndelsen, ska Brsen inte anses vara ppen fr sammanhngande handel under dess stngningsauktionsperiod (Eng. closing auction period) (enligt Brsens regler).

Referensdag fr Intradagsterkpshndelse (Eng. Intraday Restrike Event Reference Day) Referenstidpunkten fr Intradagsterkpshndelse (Eng. Intraday Restrike Event Reference Time) Tidpunkten fr

r, gllande en Observationsperiod fr Intradagsterkpshndelse, den dag d Referenstidpunkten fr Intradagsterkpshndelsen intrffar.

r, gllande en Observationsperiod fr Intradagsterkpshndelse, Berkningstidpunkten p vilken Hvstngsstrateginivn nr sitt lgsta vrde under en sdan period. r, gllande en Intradagsterkpshndelse,

Intradagsterkpshndelsen (Eng. Intraday Restrike Event Time) LSL(i,VREF(v))

Berkningstidpunkten d en sdan hndelse intrffar.

berknas i enlighet med nedan formel: (1) i de fall, gllande en Intradagsterkpshndelse, en eller flera Tidpunkter fr Intradagsterkpshndelser tidigare har intrffat med en Referenstidpunkt fr Intradagsterkpshndelse som intrffar p (i), kommer (med den senaste Referenstidpunkten fr Intradagsterkpshndelsen, omedelbart fregende VREF(v), att vara "v1): LSL(i',VREF(v)) = LSL(i',v1) x (1 + Hvstng x ((Pris(i,VREF(v)) /Pris(i',v1)) - 1)) (Eng. LSL(i',VREF(v)) = LSL(i',v1) x (1 + Leverage x ((Price(i,VREF(v)) /Price(i',v1)) - 1))) I de fall LSL(i',v1) bestms i enlighet med denna bestmmelse men med "VREF(v)" ersatt av "v1". (2) Vid andra situationer n sdan beskrivna i (1): LSL(i',VREF(v)) = LSLREF(i(REF)) x (1 + Hvstng x ((Pris(i',VREF(v)) / JusteratPris(i(REF))) -1) + (1Hvstng) x Rnta(i(REF)) x (ACT(i(REF),i') / DagberkningsbasisRnta)) (Eng. LSL(i',VREF(v)) = LSLREF(i(REF)) x (1 + Leverage x ((Price(i',VREF(v)) / AdjPrice(i(REF))) -1) + (1-Leverage) x Rate(i(REF)) x (ACT(i(REF),i') / DayCountBasisRate)))

i(REF) r den senaste av (1) Referensdagen fr Intradagsterkpshndelsen omedelbart fregende (i) i vilket fall i(REF) anges som (i) och den senaste Referenstidpunkten fr Intradagsterkpshndelsen p sdan Referensdag fr Intradagsterkpshndelsen anges som (v1) (2) Vrderingsdagen omedelbart fregende (i) i vilket fall (REF) anges som (i'-1). LSLREF(i(REF)) r, om i(REF) r en Referensdag fr Intradagsterkpshndelse s LSL(i'',v1); eller i annat fall LSCL(i'-1). avses:

JusteratPrisi(REF)) (Eng.

AdjPrice(i(REF)))

(1) om i(REF) r en Referensdag fr Intradagsterkpshndelse, kommer: JusteratPris(i(REF)) = Pris(i'',v1) - %DistRate(i') x Dist(i'',i') (2) eller i annat fall: JusteratPris(i(REF)) = Pris(i'-1) - %DistRate(i') x Dist(i'-1,i')

VREF(v)

r den senaste Referenstidpunkten fr Intradagsterkpshndelse fregende, och exkluderande, Berkningstidpunkten(v).

Tillmpliga rntor

%Skerhetskostnadsrntan(i) (Eng. %CollatCostRate(i)) %Courtagerntan(i) (Eng. %CommissionRate(i))

r 0%

r, gllande varje Vrderingsdag(i), den rliga courtagerntan berknat frn sdan Vrderingsdag(i). Nivn fr det rliga courtaget kommer att bestmmas av Berkningsagenten. %Courtagerntan(i) r freml fr ett minimum om 0% och ett maximum om 2 % och kommer initial att uppg till 0,45% per den Initiala Vrderingsdagen. r 70%

%DistRate(i)

%Mellanskillnadspremiumrntan(i) (Eng. %GapPremiumRate(i))

r, fr varje Vrderingsdag(i), den rliga mellanskillnadspremiumrntan berknat frn sdan Vrderingsdag(i), ssom bestmt av Berkningsagenten som kostnaden Emittenten (och/eller dess dotterbolag) skulle ta betalt fr att replikera utvecklingen fr Hvstngsstrategin, vilket inkluderar, bland annat, kostnaden fr hedging av risken fr det det verkliga vrdet fr att Warranterna blir negativa.

%KvantitetsRnta(i) (Eng. %QuantoRate(i)) %SpreadNiv(i) (Eng. %SpreadLevel(i))

r 0%

r 0.50%

Variabel Data

Grundbelopp (Eng. BaseAmount) Grundvaluta

r det fiktiva beloppet per Warrant

r SEK

(Eng. BaseCurrency) Grundavrkningsniv_FSP (Eng. BaseSettlementLevel_FSP) Dagligterkpsprocentsats (Eng. DailyRestrikePercentage) DagberkningsbasisKommission (Eng. DayCountBasisCommission) DagberkningsbasisRnta (Eng. DayCountBasisRate) Stngningstidpunkt (Eng. FixingTime) FX-Klla (Eng. FXSource) Stngningstidpunkt fr FX-Klla (Eng. FXSourceFixingTime) Initialt Vrde (Eng. InitialValue) Hvstng (Eng. Leverage) Hvstngsstrategivaluta (Eng. LeveragedStrategyCurrency) LSCLInitial Ratioterstllandetrskel (Eng. RatioResetThreshold) Dagslnernta (Eng. RateOvernight) Dagslnerntesidan (Eng. RateOvernightScreenPage) RatioInitial r 0%

r 94.5%

r 365

r 360

r den planerade stngnignstidpunkten fr Stockholmsbrsen r WM-Bolaget

r stngningstidpunkten fr WM-Bolaget

r emissionskursen

r 15

r SEK

r 50.0000 r 20%

r Stockholm Interbank Offered Rate T/N

r STIBORTN= Reuters sida

r 1

C.20

Slag av underliggande instrument och var information om det underliggande instrumentet finns Index: OMX Stockholm 30 Index (Reuters: .OMXS30) Indexansvarig: OMX AB (publ) Webbplats: https://indexes.nasdaqomx.com

Avsnitt D Risker Avsnitt D.2 Nyckelinformation om de huvudsakliga risker som r specifika fr Emittenten Vissa riskfaktorer kan komma att pverka var och en av Emittentens och Garantigivarens mjligheter att mta sina respektive taganden gllande Warranterna emitterade under Programmet. Dessa inkluderar faktorer vilka kan pverka Emittentens eller Garantigivarens kreditvrdighet och/eller kreditvrderingsbetyg (ssom tillmpligt), som till exempel en frndring i ekonomin och/eller den politiska och/eller den finansiella miljn. Vidare kan Emittenten och Garantigivaren vara freml fr (och sledes deras frmga att fullgra sina skyldigheter med avseende p Warranterna och garantin kan pverkas av): allmnna operationella risker, potentiella intressekonflikter i samband med Warranterna, marknadsrisk i samband med vissa finansiella marknader, risker hnfrliga till deras investeringsportfljer, risker hnfrliga till bristande regel-, lag- eller skatteefterlevnad (inkluderande renommrisk), rnte- och valutarisk, likviditetsrisk, strategisk risk, generell affrsrisk, risk relaterade till frskringsaktiviteter, nr tillmpligt, risk relaterad till deras specialiserade finansaktiviteter och kredit- och motpartsrisk (inkluderande landrisk), och risker relaterade till deras hedging- och handelsaktiviteter (eller deras dotterbolags hedging- och handelsaktiviteter), envar kan pverka vrdet p Warranterna. Investerare br ven frst att risker r frenade med att Emittenten inte r oberoende i frhllande till Garantigivaren. D.3 Nyckelinformation om de huvudsakliga risker som r specifika fr vrdepapperen Investerare br vara medvetna om riskerna som r hnfrliga till Warranterna, vilka sdana risker r beror p utformningen fr Warranternas i frga och inkluderar: (i) Warrantinnehavare kommer inte att ha ngra rttigheter med avseende p, eller regressrtt till, det underliggande instrumentet, (ii) det kan vara svrt att bestmma marknadsvrdet p Warranternas och/eller det kan vara volatilt och (iii) Warrantinnehavare kan frlora hela eller delar av sin investering och/eller inte erhlla ngon avkastning p Warranterna till fljd av utvecklingen i det underliggande instrumentet. D.6 Viktig varning till investeraren WARRANTER KAN VARA VOLATILA OCH/ELLER INVESTERINGAR MED HVSTNG. VISSA EMISSIONER AV WARRANTER KANSKE INTE R EN LMPLIG INVESTERING FR ALLA INVESTERARE. INGEN INVESTERARE BR KPA EN WARRANT SVIDA INTE SDAN INVESTERARE HAR KUNSKAP OM, OCH KAN BRA AVKASTNINGEN, MARKNADSLIKVIDITETEN, STUKTUREN, AVVECKLING OCH ANDRA RISKER FRENADE MED WARRANTEN. INVESTERARE KAN KOMMA ATT FRLORA HELA SIN INVESTERING OCH BR DRFR FATTA ETT BESLUT OM ATT INVESTERA I WARRANTERNA EFTER NOGGRANT VERVGANDE TILLSAMMANS MED SINA EGNA RDGIVARE, DR DE BEAKTAR HUR LMPLIGT DETTA KP R I RELATION TILL DERAS SPECIFIKA FINANSIELLA OMSTNDIGHETER.

Avsnitt E Erbjudande Avsnitt E.2b Motiven till erbjudandet och anvndningen av de medel det frvntas tillfra, om det inte avser lnsamhet eller skydd mot vissa risker Nettointkterna frn Warranterna kommer att anvndas fr Socit Gnrale-koncernens allmnna finanseringssyften, vilka inkluderar generering av vinst. E.3 Beskrivning av erbjudandets former och villkor Ej Tillmpligt.

Jurisdiktion fr offentligt erbjudande Erbjudandeperiod: Erbjudandepris per Warrant: Villkor fr erbjudandet: Beskrivning av anmlningsprocessen: Beskrivning av mjligheten att minska teckningar och beskrivning av processen fr terbetalning av verskottsbelopp som betalas av skande: Beskrivning av minsta och/eller hgsta belopp fr teckningsanmlan: Beskrivning av metod och tidsgrnser fr betalning och leverans av Obligationerna: Publiceringsstt och -datum fr offentliggrande av erbjudandet: Process fr att utva eventuell rtt till frtida inlsen, frhandling om teckningsrtt och hantering av ej nyttjade teckningsrtter: Huruvida Emission(er) har reserverats fr vissa lnder: Process fr meddelande till skande om antal de erbjuds och om handel kan pbrjas innan meddelandet skickas ut: Utgifter och skatter som ska betalas av tecknare eller kparen: Namn och adress, i den mn Emittenten knner till dessa, fr placerare i de olika lnder dr erbjudandet grs:

Ej Tillmpligt Ej Tillmpligt Ej Tillmpligt Ej Tillmpligt Ej Tillmpligt Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

Ej Tillmpligt

E.4

Beskrivning av eventuella intressen som har betydelse fr emissionen/erbjudandet, inbegripet intressekonflikter Med undantag fr avgifter som ska betalas till Frvaltare finns det svida Emittenten knner till inga personer som r involverade i Emissionen av Warranterna som har ett materiellt intresse i Erbjudandet.

E.7

Berknade kostnader som pfrs investeraren av Emittenten eller erbjudaren Ej tillmpligt. Inga kostnader lggs investeraren av Emittenten eller erbjudaren.

The following does not form part of the Final Terms.

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