APPLICABLE FINAL TERMS FINAL VERSION APPROVED BY THE ISSUER

Transkript

1 Dated 10 October 2016 SG Issuer Issue of up to Notes in an aggregate principal amount of CZK Open-ended Notes Unconditionally and irrevocably guaranteed by Société Générale under the Debt Instruments 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 English Law Notes" in the Base Prospectus dated 6 July This document constitutes the Final Terms of the Notes described herein and must be read in conjunction with the Base Prospectus and the supplements to such Base Prospectus dated 9 August 2016 and 12 August 2016 and 24 August 2016 and any other supplement published prior to the Issue Date (as defined below) (the Supplement(s)); provided, however, that to the extent such Supplement (i) is published after these Final Terms have been signed or issued and (ii) provides for any change to the Conditions as set out under the heading Terms and Conditions of the English Law Notes, such change shall have no effect with respect to the Conditions of the Notes to which these Final Terms relate. Full information on the Issuer, the Guarantor and the offer of the Notes is only available on the basis of the combination of these Final Terms, the Base Prospectus and any Supplement(s). Prior to acquiring an interest in the Notes described herein, prospective investors should read and understand the information provided in these Final Terms, the Base Prospectus and any Supplement(s) and be aware of the restrictions applicable to the offer and sale of such Notes in the United States or to, or for the account or benefit of, persons that are not Permitted Transferees. 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, in the case of Notes admitted to trading on the Regulated Market of the Luxembourg Stock Exchange, on the website of the Luxembourg Stock Exchange ( and, in the case of Notes offered to the public or admitted to trading on a Regulated Market in the European Economic Area, on the website of the Issuer ( 1. (i) Series Number: 90140EN/16.10 (ii) Tranche Number: 1 (iii) Date on which the Notes become fungible: 2. Specified Currency: CZK 3. Aggregate Nominal Amount: Not Applicable (i) - Tranche: up to Notes in an aggregate principal amount of CZK (ii) - Series: up to Notes in an aggregate principal amount of CZK Issue Price: CZK 500 per Note of CZK 500 Specified Denomination 5. Specified Denomination(s): CZK (i) Issue Date: (DD/MM/YYYY) 12/10/2016 (ii) Interest Commencement Date: Not Applicable 7. Maturity Date: (DD/MM/YYYY) Open-ended 8. Governing law: English law 9. (i) Status of the Notes: Unsecured - 1 -

2 (ii) Date of corporate authorisation obtained for the issuance of Notes: Not Applicable (iii) Type of Structured Notes: Portfolio Linked Notes The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions for Portfolio Linked Notes (iv) Reference of the Product: as described in the Additional Terms and Conditions relating to Formulae With Add-on relating to hedging fees applicable to a Product Formula applicable as per Condition of the Additional Terms and Conditions relating to Formulae. 10. Interest Basis: See section PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE below. 11. Redemption/Payment Basis: See section PROVISIONS RELATING TO REDEMPTION below. 12. Issuer s/noteholders redemption option: See section PROVISIONS RELATING TO REDEMPTION below. PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 13. Fixed Rate Note Provisions: Not Applicable 14. Floating Rate Note Provisions: Not Applicable 15. Structured Interest Note Provisions: Not Applicable 16. Zero Coupon Note Provisions: Not Applicable PROVISIONS RELATING TO REDEMPTION 17. Redemption at the option of the Issuer: Applicable as per Condition 5.5 of the General Terms and Conditions (i) Optional Redemption Amount: Unless previously redeemed, at the option of the Issuer, the Notes may be early redeemed on the Optional Redemption Date in accordance with the following provisions in respect of each Note: Optional Redemption Amount = Specified Denomination x Level(t1, Strike) x Hedging Fees Factor(t1) Definitions relating to the Optional Redemption Amount are set out in paragraph 27(ii) Definitions relating to the Product. (ii) Optional Redemption Date(s) : (DD/MM/YYYY) Means the later of: (a) the first (1s Business Day following the Issue Date; and (b) the tenth (10th) Business Day following the Optional Redemption Valuation Date. (iii) Notice period: A notice may be served by the Issuer for any reason on any - 2 -

3 (iv) Redemption in part: Not Applicable Business Day. Any notice given to the Noteholders as per Condition 5.5 shall be given at least five (5) Business Days prior to the Optional Redemption Valuation Date specified therein. 18. Redemption at the option of the Noteholders: Applicable as per Condition 5.7 of the General Terms and Conditions (i) Optional Redemption Amount: Unless previously redeemed, at the option of the Noteholders the Notes held by the Noteholder exercising the option may be early redeemed on the Optional Redemption Date in accordance with the following provisions in respect of each Note Optional Redemption Amount = Specified Denomination x Level(t1, Strike) x Hedging Fees Factor(t1) Definitions relating to the Optional Redemption Amount are set out in paragraph 27(ii) Definitions relating to the Product. (ii) Optional Redemption Date(s) : Means the later of: (a) the first (1s Business Day following the Issue Date; and (b) the tenth (10th) Business Day following the Optional Redemption Valuation Date. (iii) Notice period: A Put Notice may be served by any Noteholder on any Business Day. Any Put Notice served by the Noteholders as per Condition 5.7 shall be given at least five (5) Business Days prior to the Optional Redemption Valuation Date specified therein. 19. Automatic Early Redemption: Not Applicable 20. Final Redemption Amount: Not Applicable, the Notes are Open-ended 21. Physical Delivery Note Provisions: Not Applicable 22. Credit Linked Notes Provisions: Not Applicable 23. Bond Linked Notes Provisions: Not Applicable 24. Trigger redemption at the option of the Issuer: - Outstanding Amount Trigger Level: Applicable as per Condition 5.6 of the General Terms and Conditions 10% of the Aggregate Nominal Amount - 3 -

4 25. Early Redemption for tax reasons, special tax reasons, regulatory reasons, Event of Default, or at the option of the Calculation Agent pursuant to the Additional Terms and Conditions: Early Redemption Amount: Market Value PROVISIONS APPLICABLE TO THE UNDERLYING(S) IF ANY 26. (i) Underlying(s): A dynamic Portfolio initially composed of the Portfolio Components set out in the Annex for Portfolio Linked Notes attached hereto. (ii) Information relating to the past and future performances of the Underlying(s) and volatility: The information relating to the past and future performances of the Underlying(s) and volatility are available on (iii) (iv) Provisions relating, amongst others, to the Market Disruption Event(s) and/or Extraordinary Event(s) and/or any additional disruption event(s) as described in the relevant Additional Terms and Conditions: Other information relating to the Underlying(s): The provisions of the following Additional Terms and Conditions apply: Additional Terms and Conditions for Portfolio Linked Notes Information or summaries of information included herein with respect to the Underlying(s), has been extracted from general databases released publicly or by any other available information. Each of the Issuer and the Guarantor confirms that such information has been accurately reproduced and that, so far as it is aware and is able to ascertain from information published, no facts have been omitted which would render the reproduced information inaccurate or misleading. Considerations related to Custodial Arrangements and Withholding Tax The Notes described herein are considered under United States tax rules as a Custodial Arrangement. Accordingly, Société Générale or any of its affiliates will withhold and declare a portion of dividend equivalent amounts (such amounts, the Withheld Amounts ) for payment to the United States Internal Revenue Service, based on the maximum withholdable rate (which, for indication purposes only is 30% as of the Issue Date of the Notes). Following withholding, Société Générale or any of its affiliates will provide the relevant clearing system (which, may include, without limitation, Euroclear Bank SA/NV or any of its affiliates) (such system, the Relevant Clearing System ) with information and tax reports about the Withheld Amounts. The Relevant Clearing System and relevant custodians or their respective affiliates will then, on a best effort basis and in accordance with US tax - 4 -

5 regulations, cascade such information and tax reports to the Noteholders investors. The Withheld Amounts may be higher than the tax actually due by a specific Noteholder. Société Générale, the Relevant Clearing System or their respective affiliates shall not be liable for any such excess amount withheld. BY PURCHASING THE NOTES, THE NOTEHOLDERS ACKNOWLEDGE NEITHER SOCIÉTÉ GÉNÉRALE, THE RELEVANT CLEARING SYSTEM NOR THEIR RESPECTIVE AFFILIATES WILL ACCEPT ANY RESPONSIBILITY OR CLAIM IN RESPECT OF THE WITHHELD AMOUNTS. IN PARTICULAR, BY PURCHASING THE NOTES, THE NOTEHOLDERS UNDERTAKE NOT TO FILE ANY TAX REFUND OR ANY TAX CLAIM WITH SOCIÉTÉ GÉNÉRALE, THE RELEVANT CLEARING SYSTEM OR THEIR RESPECTIVE AFFILIATES. DEFINITIONS APPLICABLE TO INTEREST (IF ANY), REDEMPTION AND THE UNDERLYING(S) IF ANY 27. (i) Definitions relating to date(s): Applicable Valuation Date(0) (DD/MM/YYYY) 07/10/2016 (or if a Portfolio Disruption Event exists on such date, the next following Calculation Date, as defined in the Additional Terms and Conditions for Portfolio Linked Notes) Valuation Date(; (t from 1 to T) means each Scheduled Calculation Date (as specified in the Annex for Portfolio Linked Notes attached hereto) on which no Portfolio Disruption Event exists from (and including) Valuation Date(1) to (and including) Valuation Date(T). If one or more Portfolio Disruption Event(s) exist on such Scheduled Calculation Date, the Valuation Date( shall be postponed in accordance with the Additional Terms and Conditions for Portfolio Linked Notes. (ii) Optional Redemption Valuation Date or Valuation Date(t1) Definitions relating to the Product: Valuation Date(1) is the Valuation Date( immediately following Valuation Date(0). Valuation Date(T) is the (relevan Optional Redemption Valuation Date. means the date specified in the notice given by the Issuer to the Noteholders as per Condition 5.5 or (respectively) by the Noteholder to the Issuer as per Condition 5.7, and in each case, if such date is not a Valuation Date(, the immediately following Valuation Date( pursuant to the Additional Terms and Conditions for Portfolio Linked Notes. Applicable, all or part of the Definitions relating to the Product being those used in the Additional Terms and Conditions relating to Formulae Level(t, Strike) (t from 1 to T) means (S( / Strike), as defined in Condition 4.1 of the Additional Terms and Conditions relating to Formulae. S( (t from 0 to T) means in respect of any Valuation Date( the Portfolio Level of the Underlying, as defined in Condition 4.0 of the Additional Terms and Conditions relating to Formulae

6 Hedging Fees Factor( (t from 1 to T) means: Product(for i from 1 to (1 Factor_2(i-1) x Act(i-1;i) / 360) As defined in Condition of the Additional Terms and Conditions relating to Formulae. Factor_2( (t from 0 to T) means 3.20% which is an annual commission rate deducted from the value of the Product Act(t-1; (t from 1 to T) Strike means CZK 500 means the number of calendar days between Valuation Date(t-1) (included) and Valuation Date( (excluded), as defined in Condition 5.3 of the Additional Terms and Conditions relating to Formulae. PROVISIONS RELATING TO SECURED NOTES 28. Secured Notes Provisions: Not Applicable GENERAL PROVISIONS APPLICABLE TO THE NOTES 29. Provisions applicable to payment date(s): - Payment Business Day: Following Payment Business Day - Financial Centre(s): Prague 30. Form of the Notes: (i) Form: Non-US Registered Global Note registered in the name of a nominee for a common depositary for Euroclear and Clearstream, Luxembourg (ii) New Global Note (NGN bearer notes) / New Safekeeping Structure (NSS registered notes): 31. Redenomination: Applicable as per Condition 1 of the General Terms and Conditions 32. Consolidation: Applicable as per Condition 14.2 of the General Terms and Conditions 33. Partly Paid Notes Provisions: Not Applicable 34. Instalment Notes Provisions: Not Applicable 35. Masse: Not Applicable 36. Dual Currency Note Provisions: Not Applicable No 37. Additional Amount Provisions for Italian Certificates: 38. Interest Amount and/or the Redemption Amount switch at the option of the Issuer: 39. Provisions relating to Portfolio Linked Notes: Not Applicable Not Applicable Applicable, subject to the provisions of the Additional Terms and Conditions for Portfolio Linked Notes - 6 -

7 (i) Basket Component(s) : As specified in Annex for Portfolio Linked Notes hereto (ii) Debt Instrument(s) : Not applicable (iii) (iv) Commodity Instrument(s) : Not applicable Derivatives Instrument(s) : Not applicable (v) Instrument(s) : Applicable, as specified in Annex for Portfolio Linked Notes hereto (vi) Market Data : Not applicable - 7 -

8 PART B OTHER INFORMATION 1. LISTING AND ADMISSION TO TRADING (i) Listing: None (ii) Admission to trading: Not Applicable (iii) (iv) Estimate of total expenses related to admission to trading: Information required for Notes to be listed on SIX Swiss Exchange: Not Applicable Not Applicable 2. RATINGS The Notes to be issued have not been rated. 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save for fees, if any, payable to the Dealer, and so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. Société Générale will ensure the roles of provider of hedging instruments to the Issuer of the Notes and Calculation Agent of the Notes. The possibility of conflicts of interest between the different roles of Société Générale on one hand, and between those of Société Générale in these roles and those of the Noteholders on the other hand cannot be excluded. Furthermore, given the banking activities of Société Générale, conflicts may arise between the interests of Société Générale acting in these capacities (including business relationship with the issuers of the financial instruments being underlyings of the Notes or possession of non public information in relation with them) and those of the Noteholders. Finally, the activities of Société Générale on the underlying financial instrument(s), on its proprietary account or on behalf of its customers, or the establishment of hedging transactions, may also have an impact on the price of these instruments and their liquidity, and thus may be in conflict with the interests of the Noteholders. 4. REASONS FOR THE OFFER AND USE OF PROCEEDS, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES (i) Reasons for the offer and use of proceeds: (ii) Estimated net proceeds: Not Applicable (iii) Estimated total expenses: Not Applicable The net proceeds from each issue of Notes will be applied for the general financing purposes of the Société Générale Group, which include making a profit. 5. INDICATION OF YIELD (Fixed Rate Notes only) Not Applicable 6. HISTORIC INTEREST RATES (Floating Rate Notes only) Not Applicable - 8 -

9 7. PERFORMANCE AND EFFECT ON VALUE OF INVESTMENT (i) PERFORMANCE OF FORMULA, EXPLANATION OF EFFECT ON VALUE OF INVESTMENT (Structured Notes only) The value of the Notes and the payment of a redemption amount to a Noteholder on the maturity date will depend on the performance of the underlying asset(s), on the relevant valuation date(s). In the case of open end Notes, the duration of the Notes is dependent on an optional redemption, elected by the Issuer. The possibility of an optional redemption by the Issuer, on a predetermined date, is likely to have a negative effect on the market value of the Notes. Potential investors should consider the reinvestment risk in light of other investments available at the time of the redemption. If there is no secondary market, there might be no possibility for the investors to sell the Notes. Furthermore, this optional redemption at the sole discretion of the Issuer could prevent the Noteholders from benefitting from the performance of the underlying instrument(s) over the whole period initially envisaged. The possibility of an optional redemption by the Issuer, on a predetermined date, is likely to have a negative effect on the market value of the Notes. Potential investors should consider the reinvestment risk in light of other investments available at the time of the redemption. Furthermore, this optional redemption at the sole discretion of the Issuer could prevent the Noteholders from benefitting from the performance of the underlying instrument(s) over the whole period initially envisaged. The terms and conditions of the Notes may include provisions under which upon the occurrence of certain market disruptions delays in the settlement of the Notes may be incurred or certain modifications be made. Moreover, in case of occurrence of events affecting the underlying instrument(s), the terms and conditions of the Notes allow the Issuer to substitute the underlying instrument(s) by new underlying instrument(s), cease the exposure to the underlying asset(s) and apply a reference rate to the proceeds so obtained until the maturity date of the Notes, postpone the maturity date of the Notes, early redeem the Notes on the basis of the market value of these Notes, or deduct from any due amount the increased cost of hedging, and in each case without the consent of the Noteholders. Payments (whether in respect of principal and/or interest and whether at maturity or otherwise) on the Notes are calculated by reference to certain underlying(s), the return of the Notes is based on changes in the value of the underlying(s), which may fluctuate. Potential investors should be aware that these Notes may be volatile and that they may receive no interest and may lose all or a substantial portion of their principal. During the lifetime of the Notes, the market value of these Notes may be lower than the invested capital. Furthermore, an insolvency of the Issuer and/or the Guarantor may cause a total loss of the invested capital. The attention of the investors is drawn to the fact that they could sustain an entire or a partial loss of their investment. (ii) PERFORMANCE OF RATE(S) OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE OF INVESTMENT (Dual Currency Notes only) Not Applicable 8. OPERATIONAL INFORMATION (i) Security identification code(s): - ISIN code: XS Common code:

10 (ii) Clearing System(s): Euroclear Bank S.A/N.V. (Euroclear) / Clearstream Banking société anonyme (Clearstream, Luxembourg) (iii) Delivery of the Notes: Delivery against payment (iv) Calculation Agent: Société Générale Tour Société Générale 17 Cours Valmy Paris La Défense Cedex France (v) Paying Agent(s): Société Générale Bank&Trust 11, avenue Emile Reuter 2420 Luxembourg Luxembourg (vi) (vii) Eurosystem eligibility of the Notes: Address and contact details of Société Générale for all administrative communications relating to the Notes: No Société Générale Tour Société Générale 17 Cours Valmy Paris La Défense Cedex France Name: Sales Support Services - Derivatives Tel: (Hotline) clientsupport-deai@sgcib.com 9. DISTRIBUTION (i) Method of distribution: Non-syndicated - Dealer(s): Société Générale Tour Société Générale 17 Cours Valmy Paris La Défense Cedex France (ii) Total commission and concession: There is no commission and/or concession paid by the Issuer to the Dealer or the Managers. Société Générale shall pay to its relevant distributor(s), a remuneration of up to 2.50% per annum (calculated on the basis of the term of the Notes) of the nominal amount of Notes effectively placed by such distributor(s). (iii) TEFRA rules: Not Applicable (iv) Non-exempt Offer: A Non-exempt offer of the Notes may be made by the Dealer and any Initial Authorised Offeror below mentioned, any Additional Authorised Offeror, the name and address of whom will be published on the website of the Issuer ( in the public offer jurisdiction(s) (Public Offer Jurisdiction(s)) during the offer period (Offer Period) as specified in the paragraph Public Offers in European Economic Area below. - Individual Consent / Name(s) and address(es) of any Initial Authorised Offeror: CYRRUS, a.s., Veveří 3163/111, Žabovřesky, Brno, Czech Republic - General Consent/ Other conditions to consent: Not Applicable

11 10. PUBLIC OFFERS IN EUROPEAN ECONOMIC AREA - Public Offer Jurisdiction(s): Czech Republic - Offer Period: From 12/10/2016 to 12/10/ Offer Price: The Notes will be offered at the market price which: - will be determined by the Dealer on a daily basis in accordance with market conditions then prevailing including the current market price of the Underlying(s)] - will be increased by fees, if any, as mentioned below will be provided by the Dealer to any Noteholder at the request of such Noteholder. - Conditions to which the offer is subject: Offers of the Notes are conditional on any additional conditions set out in the standard terms of business of the financial intermediaries, notified to investors by such relevant financial intermediaries. The Issuer reserves the right to close the Offer Period prior to its stated expiry for any reason. In such event, a notice to the investors on the early termination will be published on the website of the Issuer ( - Description of the application process: The distribution activity will be carried out in accordance with the financial intermediary s usual procedures. Prospective investors will not be required to enter into any contractual arrangements directly with the Issuer in relation to the purchase of the Notes. - Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants: 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 Notes: Minimum amount of application : CZK 500 (i.e. 1 Note) The Notes will be delivered on any day during the offer by payment of the purchase price by the Noteholders to the relevant financial intermediary. - Manner and date in which results of the offer are to be made public: Not Applicable - Procedure for exercise of any right of pre-emption, negotiability of subscription rights and treatment of subscription rights not exercised: Not Applicable

12 - Whether tranche(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: Not Applicable Not Applicable - Amount of any expenses and taxes specifically charged to the subscriber or purchaser: Taxes charged in connection with the subscription, transfer, purchase or holding of the Notes must be paid by the Noteholders and neither the Issuer nor the Guarantor shall have any obligation in relation thereto; in that respect, Noteholders shall consult professional tax advisers to determine the tax regime applicable to their own situation. The Noteholders shall also consult the Taxation section in the Base Prospectus. Subscription fees or purchases fees: None 11. ADDITIONAL INFORMATION - Minimum investment in the Notes: CZK 500 (i.e. 1 Note) - Minimum trading: CZK 500 (i.e. 1 Note) 12. PUBLIC OFFERS IN OR FROM SWITZERLAND Not Applicable

13 Annex (This Annex forms part of the Final Terms to which it is attached) FORM OF OPTIONAL REDEMPTION NOTICE From To To Copy to : [name and address of the Noteholder] : Fiscal Agent Société Générale Bank & Trust SA, Luxembourg : Clearance Institution : Société Générale SG Issuer Issue of up to Notes in an aggregate principal amount of CZK Notes due 14/08/2019 Unconditionally and irrevocably guaranteed by Société Générale under the Debt Instruments Issuance Programme Words and expressions defined in the terms and conditions of the Notes as set out in the Base Prospectus dated 6 July 2016 and any amendments or supplements relating to the present issue of Notes shall have the same meanings where used herein (unless the context otherwise requires). When completed, this Optional Redemption Notice should be sent by the Noteholder to the Fiscal Agent and Euroclear or Clearstream Luxembourg as the case may be (the Clearance Institution ) with a copy to the Calculation Agent and must be received by the Fiscal Agent and the Clearance Institution (with a copy to the Calculation Agen during the Notice Period. The Clearance Institution shall verify that the Noteholder specified herein is the holder of the Notes referred to herein according to its books. Subject thereto, the Clearance Institution will confirm to the Agent the number of Notes to which such optional redemption notice relates. Any optional redemption notice which is not duly completed in accordance with the Conditions shall be deemed to be null and void. FISCAL AGENT : Société Générale Bank & Trust,11 Avenue Emile Reuter L-2420 Luxembourg. Telephone: (352) Telefax: (352) Attention: Agencies Services Events Desk (TITR/CLE/SFI) CALCULATION AGENT : Société Générale, Tour Société Générale Paris-La Défense. Telephone: (33.1) Telefax: (33.1) Attention: Flow Index Derivatives Desk Name of the Noteholder : Address of the Noteholder :

14 Phone number of the Noteholder : Fax number of the Noteholder : Contact name : We hereby irrevocably exercise our option to have the following Notes redeemed by the Issuer in accordance with the Conditions : - Number of Notes to be redeemed : - Nominal Amount to be redeemed : - Common Code : - Our account number to be debited with the number of Notes in respect of which our option is exercised We irrevocably instruct [ ] to debit such account with them and to credit the account number [ ]of the Issuer with [ ] with the Notes exercised. We enclose evidence of this instruction Please contact [ ] on [ ] for details. - Cash account to which any amount due in respect of the exercise of our option to have the Notes redeemed (subject to the deduction of any Taxes and Duties payable) should be credited (such account not be located in the United States) -Securities account to which the Underlying (as defined in the Final terms) shall be credited (such account not be located in the United States): : Date Signature of the Noteholder

15 ANNEX FOR PORTFOLIO LINKED NOTES Initial Composition of the Portfolio k Portfolio Component (k) 1 APPLE INC AIRBUS GROUP SE AMAZON.COM INC BAIDU INC - SPON ADR CITIGROUP INC DAIMLER AG- REGISTERED SHARES Bloomber g Ticker AAPL UN AIR FP AMZN UW BIDU UW C UN DAI GY Basket Componen t Type Share Share Share Share Share Share Portfolio Componen t Instrument Instrument Instrument Instrument Instrument Instrument Portfolio Componen t Currency (k) USD EUR USD USD USD EUR FX Hedge Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Q(k,0 ) See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w Initial Weight(k ) 0% 0% 0% 0% 0% 0% RateLong(k, USDRateLong(k, EURRateLong(k, USDRateLong(k, USDRateLong(k, USDRateLong(k, EURRateLong(k, RateShort(k, USDRateShort(k, EURRateShort(k, USDRateShort(k, USDRateShort(k, USDRateShort(k, EURRateShort(k, RepoRateShort(k, MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) TCR(k,t ) 0.025% 0.025% 0.025% 0.025% 0.025% 0.025%

16 DELTA AIR LINES INC DEUTSCHE BANK AG- REGISTERED ELECTRONIC ARTS INC FACEBOOK INC-A GILEAD SCIENCES INC ETFS PHYSICAL PRECIOUS METAL ALPHABET INC-CL A ISHARES MSCI EMERGING MARKET DAL UN DBK GY EA US FB UW GILD UW GLTR US GOOGL UW EEM UP Share Share Share Share Share ETF Share Share ETF Share Instrument Instrument Instrument Instrument Instrument Instrument Instrument Instrument USD EUR USD USD USD USD USD USD Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w 0% 0% 0% 0% 0% 0% 0% 0% USDRateLong(k, EURRateLong(k, USDRateLong(k, USDRateLong(k, USDRateLong(k, USDRateLong(k, USDRateLong(k, USDRateLong(k, USDRateShort(k, EURRateShort(k, USDRateShort(k, USDRateShort(k, USDRateShort(k, USDRateShort(k, USDRateShort(k, USDRateShort(k, MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management 0.025% 0.025% 0.025% 0.025% 0.025% 0.025% 0.025% 0.025%

17 ISHR NIKKEI225 UCITS ETF DE ORACLE CORP RHEINMETAL L AG ROCHE HOLDING AG- GENUSSCHEI N S&P GSCI Ind Metal Spot LYX ETF EURSTX600 BANKS LYX ETF EURSTX600 TECHNOLOG R TWITTER INC NKYEX GY ORCL UN RHM GY ROG VX SPGSIN BNK FP TNO FP TWTR UN ETF Share Share Share Share Index ETF Share ETF Share Share Instrument Instrument Instrument Instrument Instrument Instrument Instrument Instrument EUR USD EUR CHF USD EUR EUR USD Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e Applicabl e See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w See Belo w 0% 0% 0% 0% 0% 0% 0% 0% EURRateLong(k, USDRateLong(k, EURRateLong(k, CHFRateLong(k, USDRateLong(k, EURRateLong(k, EURRateLong(k, USDRateLong(k, EURRateShort(k, USDRateShort(k, EURRateShort(k, CHFRateShort(k, USDRateShort(k, EURRateShort(k, EURRateShort(k, USDRateShort(k, Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP 0.025% 0.025% 0.025% 0.025% 0.025% 0.025% 0.025% 0.025%

18 UNDER ARMOUR INC- CLASS A ETFS WTI CRUDE OIL LYX ETF DJ TURKEY TITANS 20 UA UN CRUD LN TUR FP Share ETF Share ETF Share Instrument Instrument Instrument USD USD EUR Applicabl e Applicabl e Applicabl e See Belo w See Belo w See Belo w 0% 0% 0% USDRateLong(k, USDRateLong(k, EURRateLong(k, USDRateShort(k, USDRateShort(k, EURRateShort(k, Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) MAX (1.25 x MARKIT BENCHMARK(k, ; ETP Management Fee(k,; 0) 0.025% 0.025% 0.025%

19 Each Q(k,0) is the quantity (expressed in units) of the Portfolio Component(k) within the Portfolio as of the Valuation Date(0). Each Q(k,0) will be determined in order to obtain a target weight in the Portfolio, noted Initial Weight(k), set out in the table hereinabove. Each Q(k,0) will be determined as follows: Q(k,0) = PL(0) x Initial Weight(k) / (S(k,0) x PortfolioFX(k,0)) = 0 CHFRateLong(k, means in respect of a Portfolio Component (k) and in respect of each Calculation Date( the CHF Overnight Deposit rate (Bloomberg page: SFDR1T Curncy). CHFRateShort(k, means in respect of a Portfolio Component (k) and in respect of each Calculation Date( a rate determined by the Calculation Agent as the sum of the Overnight Base Rate and the Liquidity Add-on. Where: - The Overnight Base Rate means the CHF Overnight Deposit rate (Bloomberg page: SFDR1T Curncy). - The Liquidity Add-On means a rate determined by the Calculation agent as (i) the Euribor 12 Month ACT/360 rate (Bloomberg page: EUR012M Index) minus (ii) the EUR SWAP (EONIA) 1 YR rate (Bloomberg page: EUSWE1 Curncy) and minus (iii) the CHF BASIS SW EURIBOR 1YR rate (Bloomberg page: SFEBS1 Curncy). EURRateLong(k, means in respect of a Portfolio Component (k) and in respect of each Calculation Date( the EMMI EURO OverNight Index Average rate (Bloomberg page: EONIA Index). EURRateShort(k, means in respect of a Portfolio Component (k) and in respect of each Calculation Date( a rate determined by the Calculation Agent as the sum of the Overnight Base Rate and the Liquidity Add-on. Where: - The Overnight Base Rate means the EMMI EURO OverNight Index Average rate (Bloomberg page: EONIA Index). - The Liquidity Add-On means a rate determined by the Calculation agent as (i) the Euribor 12 Month ACT/360 rate (Bloomberg page: EUR012M Index) minus (ii) the EUR SWAP (EONIA) 1 YR rate (Bloomberg page: EUSWE1 Curncy). USDRateLong(k, means the US Federal Funds Effective Rate (continuous series) rate (Bloomberg page: FEDL01 Index). USDRateShort(k, means a rate determined by the Calculation Agent as the sum of the Overnight Base Rate and the Liquidity Add-on. Where: - The Overnight Base Rate means the US Federal Funds Effective Rate (Bloomberg page: FEDL01 Index).. - The Liquidity Add-On means a rate determined by the Calculation agent as (i) the Euribor 12 Month ACT/360 rate (Bloomberg page: EUR012M Index) minus (ii) the EUR SWAP (EONIA) 1 YR rate (Bloomberg page: EUSWE1 Curncy) and minus (iii) the EUR-USD BS FF/EONIA 3MO rate (Bloomberg page: EOUSFFC Curncy). MARKIT BENCHMARK(k, means in respect of a Portfolio Component (k) and in respect of each Calculation Date(, the Markit Securities Finance Benchmark Rate, which is the open stock borrowing rate as determined and provided by Markit Securities Finance Analytics Limited (formerly known as Data Explorers Limited). ETP Management Fee(k, means: - in respect of each Calculation Date( and in respect of a Portfolio Component (k) which is not an ETF Share: zero (0) - in respect of each Calculation Date( and in respect of a Portfolio Component (k) which is an ETF Share: the aggregate rate of all management and administration fees charged by any Fund Service Provider of such Portfolio Component, as determined by the Calculation Agent

20 Parameters and elections relating to the Portfolio Scheduled Calculation Dates Date(0) (included) and Valuation Date(T) (included). Valuation Date(0) is also Calculation Date(0) Elections relating to the Portfolio Dynamic Portfolio Excess Return Quanto Option Reinvestment Method Applicable Not Applicable Not Applicable Individual Components Parameters relating to the Portfolio TimeBasis 360 PortfolioFXSourceFixingTime PortfolioFXSource Portfolio Currency PL(0) RateLong( WMCO London 4PM WMCO London 4PM CZK Specified Denomination The EUR Overnight Deposit rate (Bloomberg page: EONIA Curncy) plus the CZK BASIS SW 3mEURIB 1YR rate (Bloomberg page: CKEUBS1 Curncy GearingInfLong 0.00% GearingInfShort 0.00% GearingSupLong 130% GearingSupShort 30% TargetGearingLong 100% TargetGearingShort 12% Communication Deadline Review Date Between 09:00 AM and 06:00 PM Central Europe Time on the review Date and at the latest twenty (20) minutes before the implementation start time of the Modification Proposals. a Review Date may only occur on any Scheduled Calculation Date which is not a disrupted day in respect of any of the Portfolio Components which are subject to a proposed

21 Modification, Rebalancing Date In respect of Portfolio Components which are listed in Asia: the Calculation Date immediately following the Review Date on which a Modification Proposal is proposed by the Weighting Advisor. In respect of Portfolio Components which are not listed in Asia: the Review Date on which a Modification Proposal is proposed by the Weighting Advisor. Portfolio Eligibility Criteria In order for the Portfolio to remain eligible as Underlying of the Notes, the Portfolio and Portfolio Components shall comply with each of the following criteria: - Portfolio Components which are Instruments and which are Shares are allowed. - Portfolio Components which are Instruments and which are ETF Shares are allowed. - Portfolio Components which are Instruments which are not listed on a regulated Exchange of Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong-Kong, Hungary, Ireland, Israel, Italy, Japan, Netherlands, New-Zealand, Norway, Singapore, Spain, Sweden, Switzerland, United Kingdom, or United States of America are not allowed. - Portfolio Components which are Instruments which have a market capitalisation lower than EUR 200,000,000 are not allowed. - Portfolio Components which are Instruments which have a sixty (60) days average traded volume lower than EUR 1,000,000 are not allowed. - Portfolio Components which are Instruments for which FX Hedge is set to Not Applicable are not allowed. - Portfolio Components which are Instruments, which are listed on a regulated Exchange of Australia, Hong-Kong, Japan, New-Zealand, or Singapore and for which Reference Price is not set to Closing Price are not allowed. - Portfolio Components which are Instruments, which are listed on a regulated Exchange of Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Israel, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom, or United States of America and for which Reference Price is not set to Closing Price, VWAP or TWAP are not allowed. - The Weighting Advisor must not propose more than fifty-two (52) Modification Proposals per calendar year. Portfolio Publication Website Weighting Advisor: CYRRUS, a.s., Veveří 3163/111, Žabovřesky, Brno

22 Section A Introduction and warnings ISSUE SPECIFIC SUMMARY A.1 Warning This summary must be read as an introduction to the Base Prospectus. Any decision to invest in the Notes 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 and the applicable Final Terms 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. A.2 Consent to the use of the Base Prospectus 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 Notes. The Issuer consents to the use of this Base Prospectus in connection with a resale or placement of Notes in circumstances where a prospectus is required to be published under the Prospectus Directive (a Non-exempt Offer) subject to the following conditions: Section B Issuer and Guarantor - the consent is only valid during the offer period from 12/10/2016 to 12/10/2021 (the Offer Period); - the consent given by the Issuer for the use of the Base Prospectus to make the Non-exempt Offer is an individual consent (an Individual Consen in respect of CYRRUS, a.s., Veveří 3163/111, Žabovřesky, Brno, Czech Republic (the Initial Authorised Offeror) and if the Issuer appoints any additional financial intermediaries after 12/10/2016 and publishes details of them on its website each financial intermediary whose details are so published (each an Additional Authorised Offeror); - the consent only extends to the use of this Base Prospectus to make Nonexempt Offers of the Notes in the Czech Republic. The information relating to the conditions of the Non-exempt Offer shall be provided to the investors by any Initial Authorised Offeror at the time the offer is made. B.1 Legal and commercial name of the issuer B.2 Domicile, legal form, legislation and country of incorporation SG Issuer (or the Issuer) Domicile: 33, boulevard Prince Henri, L-1724 Luxembourg, Luxembourg. Legal form: Public limited liability company (société anonyme). Legislation under which the Issuer operates: Luxembourg law. B.4b Known trends affecting the issuer and the industries in which it operates B.5 Description of the issuer s group and the issuer s position within the group Country of incorporation: Luxembourg. The Issuer expects to continue its activity in accordance with its corporate objects over the course of The Société Générale group (the Group) offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking; International Retail Banking, Financial Services and Insurance and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. The Issuer is a subsidiary of the Group and has no subsidiaries

23 B.9 Figure of profit forecast or estimate of the issuer Not Applicable. The Issuer does not provide any figure of profit forecast or estimate. B.10 Nature of any qualifications in the audit report on the historical financial information B.12 Selected historical key financial information regarding the issuer Statement as no material adverse change in the prospects of the issuer since the date of its last published audited financial statements Significant changes in the issuer's financial or trading position subsequent to the period covered by the historical financial information B.13 Recent events particular to the issuer which are to a material extent relevant to the evaluation of the Issuer s solvency B.14 Statement as to whether the issuer is dependent upon other entities within the group B.15 Description of the issuer s principal activities B.16 To the extent known to the issuer, whether the issuer is directly or indirectly owned or controlled and by whom, and description of the nature of such control B.18 Nature and scope of the guarantee Not Applicable. The audit reports do not include any qualification. (in K ) 31 December December 2014 (audited) (audited) Operating Revenues Profit from operations Profit from continuing operations Total Assets There has been no material adverse change in the prospects of the Issuer since 31 December Not Applicable. There has been no significant change in the financial or trading position of the Issuer since 31 December Not Applicable. There has been no recent event particular to the Issuer which is to a material extent relevant to the evaluation of the Issuer s solvency. See Element B.5 above for the Issuers' position within the Group. SG Issuer is dependent upon Société Générale Bank & Trust within the Group. The principal activity of SG Issuer is raising finance by the issuance of warrants as well as debt securities designed to be placed to institutional customers or retail customers through the distributors associated with Société Générale. The financing obtained through the issuance of such debt securities is then lent to Société Générale and to other members of the Group. SG Issuer is a 100 per cent. owned subsidiary of Société Générale Bank & Trust S.A. which is itself a 100 per cent. owned subsidiary of Société Générale and is a fully consolidated company. The Notes are unconditionally and irrevocably guaranteed by Société Générale (the Guarantor) pursuant to the guarantee made as of 6 July 2016 (the Guarantee). The Guarantee constitutes a direct, unconditional, unsecured and general obligation of the Guarantor and ranks and will rank at least pari passu with all other existing and future direct, unconditional, unsecured and general obligations of the Guarantor, including those in respect of deposits. Any references to sums or amounts payable by the Issuer which are

24 B.19 Information about the guarantor as if it were the issuer of the same type of security that is subject of the guarantee guaranteed by the Guarantor under the Guarantee shall be to such sums and/or amounts as directly reduced, and/or in the case of conversion into equity, as reduced by the amount of such conversion, and/or otherwise modified from time to time resulting from the application of a bail-in power by any relevant authority pursuant to directive 2014/59/EU of the European Parliament and of the Council of the European Union. The information about Société Générale as if it were the Issuer of the same type of Notes that is subject of the Guarantee is set out in accordance with Elements B.19 / B.1, B.19 / B.2, B.19 / B.4b, B.19 / B.5, B.19 / B.9, B.19 / B.10, B.19 / B.12, B.19 / B.13, B.19 / B.14, B.19 / B.15, B.19 / B.16 below, respectively: B.19/ B.1: Société Générale B.19/ B.2: Domicile: 29, boulevard Haussmann, Paris, France. Legal form: Public limited liability company (société anonyme). Legislation under which the Issuer operates: French law. Country of incorporation: France. B.19/ B.4b: In 2016, the global economy should suffer from high uncertainty, related in particular to the geopolitical environment (Brexit, European migrant crisis, instability in the Middle Eas and to elections in key countries. At the same time, the volatility of commodity and capital markets should remain significant, given the slowdown in emerging economies and strong divergences in monetary policies. In the Eurozone, the quantitative easing and negative interest rate policy implemented by the ECB should keep market interest rates low in 2016, against a backdrop of consistently low inflation. In the United States, the pace of the FED s tightening monetary policy will depend on economic growth momentum. In emerging countries, the moderate growth rate was confirmed in Although this trend was contained in China, business activity in countries producing commodities saw a more significant decrease. Within this contrasted environment, banks will have to continue to strengthen their capital to meet new regulatory requirements, further to the Basel reforms. In particular, following the various transparency exercises implemented in 2015 and the publication of the minimum Pillar 2 requirements, banks will have to comply with new current liability ratios (MREL and TLAC). Other reforms are still pending, as the banking regulator is reviewing the trading portfolio and risk-weighting models. Global economic growth is likely to remain fragile. Firstly, emerging economies have seen their growth stabilise, but at a low level. Secondly, growth in developed countries, which was already sluggish, is likely to be negatively impacted by the uncertainty shock due to Brexit (following the referendum on 23 June 2016, when a majority of British citizens voted for the United Kingdom to leave the European Union). In addition, numerous negative uncertainties continue to adversely affect the outlook: risk of renewed financial tensions in Europe, risk of further turmoil (financial and socio-political) in emerging economies, uncertainty caused by the unconventional monetary policies implemented by the main developed countries, increased terrorist risk and geopolitical tensions. More specifically, the Group could be affected by: - renewed financial tensions in the Eurozone resulting from increased doubts about the integrity of the region, following Brexit or institutional or political deadlock in some Eurozone countries; - a sudden and marked rise in interest rates and volatility in the markets (bonds, equities and commodities), which could be triggered by poor communication from central banks, in particular the US Federal Reserve (Fed), when changing monetary policy stance;

25 - a sharp slowdown in economic activity in China, triggering capital flight from the country, downward pressure on the Chinese currency and, by contagion, on other emerging country currencies, as well as a fall in commodity prices; - socio-political tensions in some countries dependent on oil and gas revenues and still needing to adapt to the situation of low prices for these commodities; - a downward correction on commercial property and house prices in France; - worsening geopolitical tensions in the Middle East, South China Sea or Ukraine. This could lead to the extension and stepping up of sanctions between Western countries and Russia, even more depressed economic activity in Russia, and a further sharp depreciation in the rouble. B.19/ B.5: The Group offers a wide range of advisory services and tailored financial solutions to individual customers, large corporate and institutional investors. The Group relies on three complementary core businesses: French Retail Banking; International Retail Banking, Financial Services and Insurance and Corporate and Investment Banking, Private Banking, Asset and Wealth Management and Securities Services. Société Générale is the parent company of the Société Générale Group. B.19/ B.9: Not Applicable. Societe Generale does not make any figure of profit forecast or estimate. B.19/B.10: Not applicable. The audit report does not include any qualification. B.19/B.12: Half year (non audited) Year ended 2015 (audited) Half year (non audited) Year ended 2014 (audited (*)) Results (in millions of euros) Net Banking Income 13,159 25,639 13,222 23,561 Operating income 3,568 5,681 3,319 4,557(*) Net income 2,613 4,395 2,421 2,978(*) Group Net income 2,385 4,001 2,219 2,679(*) French retail Banking 731 1, ,204(*) International Retail Banking & Financial Services 736 1, (*) Global Banking and Investor Solutions 902 1,808 1,234 1,909(*) Corporate Centre 16 (301) (188) (804)(*) Net cost of risk (1,188) (3,065) (1,337) (2,967) Cost/income ratio N/A 68% N/A 68%(*) ROE after tax 9.4% 7.9% 9.1% 5.3% Tier 1 Ratio 13.6% 13.5% 12.7% 12.6% Activity (in billions of euros) Total assets and liabilities 1, , , ,308.1(*) Customer loans Customer deposits (in billions of euros)