Legal information

This website is issued by the London Branch of Societe Generale. Societe Generale London Branch is authorised by the ECB, the ACPR and the Prudential Regulation Authority (PRA) and subject to limited regulation by the Financial Conduct Authority (FCA) and the PRA. Details about the extent of our authorisation, supervision and regulation by the above mentioned authorities are available from us on request.

This website is published by Societe Generale:


Société Anonyme with a capital stock of € 1 009 897 173, 75 as of December 11th, 2017
Paris Trade Register No. 552 120 222
APE No.: 651C
Registered Office: 29 Boulevard Haussmann 75009 Paris
VAT No: FR 27 552 120 222

Publication Manager: Mr. Frédéric OUDÉA, Chief Executive Officer

Editorial Manager: Mirela Mardare

Contact: etp@sgcib.com

This website is hosted by Societe Generale.

This website is governed by French law, except to the extent where its content refers to financial services provided in United Kingdom in which case the law of United Kingdom shall apply.

This site is intended for investors who intend to trade in Short & Long Leveraged Exchange Traded Products in the United Kingdom. It is not provided to any person who is a resident of any other country. Investors should note that holdings in this product will not be covered by the provisions of the Financial Services Compensation Scheme, or by any similar scheme in in France for Societe Generale or in Germany for Societe Generale Effekten GmbH or in Luxembourg for SG Issuer. In particular, the investments can be neither offered nor transferred in the United States.

Professional regulations

Societe Generale is a licensed French credit institution supervised by the Autorité de Contrôle Prudentiel et de Résolution, (“ACPR”: 4 place de Budapest CS 92459 75436 Paris Cedex 09), controlled by the Autorité des Marchés Financiers (“AMF”);and under the prudential supervision of the European Central Bank (ECB). In accordance to the provision of French Code Monétaire et Financier (Monetary and Financial Code), Societe Generale, as a credit institution licensed for the provision of investment services, is authorized to carry out all banking operations and provide all investment services except for the investment service of the operation of a multilateral trading facility (“MTF”) or an organized trading facility (“OTF”).

Content of this website

Societe Generale shall make its best efforts to ensure that the information displayed on this website is accurate and up-to-date. Societe Generale reserves its right to amend the content of this website at any time, without prior notice. However, Societe Generale is not able to guarantee that the information herein is complete or that it will not be modified by a third party (malware). Societe Generale shall not be held liable for any difficulty or impossibility to access the website due to an internet connection problem.

Societe Generale shall not be held liable for any indirect consequential loss or damage, including, but not limited to: any damage or loss arising from any transaction carried out on the basis of the information herein, any loss of profit, loss of business, or any other loss arising from a service interruption due to an internet connection problem.

Further, Societe Generale shall not be held liable neither for the results of any factor beyond their control nor for any eventual loss or damage to the technical environment of the website users, including, but not limited to, hardware, software, or any other equipment used to access this website or use the services and/or the information herein.

Information about Financial Instruments

The potentials information or material about financial instruments on this website are provided for general information purposes only and should not to be construed as a solicitation or an offer to buy or sell any financial instruments, or any substitute for any form of advice or recommendation with respect to such financial instruments.

Societe Generale accepts no liability for losses or damages which may be directly or indirectly sustained by any visitor to the website or other person who obtains access to the material on the website.

Any person wishing to obtain information about Societe Generale products or services must contact Societe Generale to obtain the regulatory information document (where applicable), and any other relevant information on the availability, terms and conditions, and prices of the products.

1. Investment risks

The products described within this website are not suitable for everyone. Investors' capital is at risk. You should not deal in these products unless you understand their nature and the extent of their exposure to risk. The value of the product can go down as well as up and can be subject to volatility due to a range of factors which include price changes in the underlying instrument and interest rates. This disclaimer cannot disclose all the risks and other significant aspects of the products. You should study the risk factors attaching to these products that are disclosed below and throughout this website.

Risk disclosure requirements for private investors

We recommend that you consult an appropriately qualified financial advisor prior to considering any investment in a product described on this website.

a) Appropriateness Test

Securitised derivatives are classified as complex financial products and therefore prior to trading these products with your Broker they will be required to assess whether you have necessary knowledge and experience in order to understand the risks involved in dealing in these products. https://www.handbook.fca.org.uk/handbook/COBS/10

b) Suitability Test

The purpose of the suitability test is to ensure that the products and services offered meet the client's investment objectives. In addition, it ensures that the client shall be able financially to bear the risks of the investment (including any relevant loss of capital) and that the client has the necessary experience and knowledge to understand these risks. When providing personal recommendations in relation to Securitised Derivatives your advisor must have undertaken a suitability test and must only recommend products and services that are in accordance with the results of the suitability test.

Please note that we do not provide investment advice: https://www.handbook.fca.org.uk/handbook/COBS/9/

Counterparty risk

The products on this website are issued by Societe Generale, SG Issuer or Societe Generale Effekten GmbH, each a member of the Societe Generale group of companies. The identity of the issuer of any product will be indicated on the product page on this website.

Any failure of the relevant Societe Generale group issuer to perform obligations when due may result in the loss of all or part of an investment.

Secondary market warning

SG Option Europe, Societe Generale or any affiliate thereof is the only market maker of the products. Under normal conditions SG Option Europe, Societe Generale or any affiliate will endeavour to provide a market-making service, which involves giving the right market value and ensuring liquidity, both when buying and selling a financial product under specific conditions. Such arrangements may be temporarily or indefinitely curtailed as a result of technical problems within companies of the Societe Generale group or the London Stock Exchange or data vendors or telecommunications carriers, or in the event of pending announcements by or difficulties in procuring information on underlying companies. We are committed to ensure our product prices are always broadcast, however due to factors often out of our control e.g. technical issues with providers' feeds, there may be occasions whereby our products' prices are not broadcast. In such events, we will always endeavour to do whatever is in our power to resolve these issues promptly.

As a result of this secondary market risk, you may find it difficult or impossible in certain extreme circumstances to sell the relevant product or may be offered a price that is significantly less than you paid for it.

2. Risk factors

a) Covered Warrant Risk Factors

Leveraged returns are a major advantage of warrants but can also work against investors. Warrant investors should be aware that, if the underlying instrument to the warrant moves in the opposite direction to that anticipated by investors, the losses incurred by the warrant will be greater in percentage terms than those incurred by the underlying itself. The prices of warrants can therefore be volatile.

  • Covered warrants have a limited life, as denoted by the expiry date of each issue. After this date, warrants can no longer be traded or exercised. Investors should note that warrants experience time decay (erosion of their time value) throughout their life. The rate of this decay accelerates as warrants near expiry and warrants may expire worthless. You should not buy a warrant unless you are prepared to lose all of the money you have invested plus any commission on transaction charges
  • It is important to note that while changes in the underlying price are generally the most important factor for warrants, other variables - such as market volatility, interest rates, exchange rates and dividends - may lead to a change in the price of a warrant even if the underlying itself is unchanged. For example, call warrants on a single stock can decrease in value due to falls in volatility even if the single stock price increases.
  • It should also be noted that when the underlying price is unavailable - when the market on which the underlying is listed is closed, for example - a covered warrant price will move in line with an appropriate substitute, such as a future or option contract traded on a Related Exchange as specified in the relevant Final Terms.

b) Turbo Risk Factors

  • If a Turbo's Knock-Out barrier is hit at any point during the product lifespan, the product will expire with NO remaining cash value. The entire invested capital (plus any potential gains made during the lifetime of the product) is at risk. However, the payout value of a Turbo cannot be less than zero. We recommend that retail investors consult their own independent professional advisors prior to investing. Leveraged returns are a major advantage of Turbos but can also work against investors. Turbos investors should be aware that, if the underlying instrument to the Turbos moves in the opposite direction to that anticipated by investors, the losses incurred by the Turbos will be greater in percentage terms than those incurred by the underlying itself. The prices of Turbos can therefore be volatile. Unlike certain other leveraged offers, your downside risk is limited to your initial investment, no matter how badly the markets move against you. Turbos have a limited life, as denoted by the expiry date of each product. They may also expire early following a Knock-Out event. After expiry, Turbos can no longer be traded. It is important, therefore that the anticipated move in the underlying occurs prior to product expiry. The value of the product will depend on many factors including the value of the underlying asset which may be complex and volatile.

c) Short & Long Leveraged Exchange Traded Product Risk Factors

  • Leveraged returns are a major advantage of Short & Long Leveraged Exchange Traded Products but can also work against investors. Investors in Short & Long Leveraged Exchange Traded Products should be aware that, if the underlying instrument to the product moves in the opposite direction to that anticipated by investors, the losses incurred by the product will be greater in percentage terms than those incurred by the underlying itself. The prices of Short & Long Leveraged Exchange Traded Products can therefore be volatile. Short & Long Leveraged Exchange Traded Products have a limited life, as denoted by the expiry date of each issue. After this date, the products can no longer be traded or exercised. As the product is reset on a daily basis, your capital could erode very quickly following a continued succession of positive or negative performance of the underlying asset. Investors who wish to hold their position overnight will pay a commission in the same way as they would with a fund.

3. Important information

a) Corporate actions notice

As a result of corporate actions such as rights issues, share splits, share buy backs and take over and mergers, strike levels of the products may be adjusted to reflect such activity. The reason for this is to ensure that investors in the products are not disadvantaged or gain undue benefit by equity adjustments. When such a change takes place, if you require any further information please do not hesitate to contact us. Further information regarding the calculation of the changes can be supplied upon request.

b) No investment advice

Nothing in this website constitutes advice on the merits of buying, or selling a particular investment or exercising any right conferred by the products described. Societe Generale does not offer investment advice in respect of these products.

c) Disclosure of interest

Societe Generale or its affiliates may from time to time have a position, or material interest in the products described in this website or the investments underlying them. Generally SG Option Europe, Societe Generale or any affiliate thereof will be the only market maker in the products discussed and will or may have provided significant advice in relation to such products and the investments underlying them.

d) Risk warning

This risk warning is available to view at all times via a link at the top of each page. It will not appear each time you will access this website in future. However, you should refer to it periodically to remain familiar with the relevant risks associated with the products.

e) Tax

Any statement in relation to tax, where made, is generic and non-exhaustive and is based on our understanding of the laws and practice in force as of the date of this document and is subject to any changes in law and practice and the interpretation and application thereof, which changes could be made with retroactive effect. Any such statement must not be construed as tax advice and must not be relied upon. The tax treatment of investments will, inter alia, depend on an individual's circumstances. Investors must consult with an appropriate professional tax adviser to ascertain for themselves the taxation consequences of acquiring, holding and/or disposing of any investments mentioned on this website.

Product subscription and Investment services provision

The content of this website is provided for information purposes only. This information should not to be construed as a public offer, a solicitation from Societe Generale to the visitor of the website. None of the services and products is directed at  persons from countries where services and products may not be offered. Each person interested by subscribing products/services should assess with his/her own advisor whether his/her legal and fiscal status allows it.

Intellectual Property

This entire website is governed by French and international legislation on copyright, trademark and database law and intellectual property in general, both as they are applicable to its form (editorial choices, layout, topics, means for accessing data, display, etc.), and to its content (text, images, etc.).

Any reproduction, representation, diffusion or re-diffusion, in whole or in part, of the contents of this website on any medium or by any means whatsoever (including, but not limited to, caching, framing), as well as any sale, resale, retransmission or any other act tending to make such contents available to any third party in any manner whatsoever shall be prohibited, except preliminary written authorization of the publication manager. Failure to comply with these restrictions shall constitute a forgery engaging the civil and criminal liability of the forger.

Only the paper reproduction is authorized under conditions of a use in strictly personal purposes, a respect for the integrity of the reproduced documents, or in short quotation with clear and readable mention of the source, for example under the following form "Extracts from the site www.sgetp.co.uk. All rights reserved Societe Generale group."

The trademarks quoted on the site are protected: their reproduction or use is forbidden.

Hypertext links: Societe Generale shall not be liable for the hypertext links towards other websites, and particularly for the contents of the linked websites.

Societe Generale shall not be liable for the hypertext links towards this website.

 Personal data

During a visit to the website, Societe Generale may collect your personal data, as controller, in order to send you marketing communication by email about product related news, market news & blogs, educational updates and new events, which you sign up to through our contact page.

The personal data are processed with your consent when you sign up to the website.

Your personal data are will only be used by Societe Generale UK ETP sales, to provide you with the above information until you no longer wish to receive such communications.

To the extent necessary for the fulfillments of the above purposes, Societe Generale may communicate some information to its entities, service providers as well as to its partners that are not members of the European Economic Area. These transfers are processed in a manner and guarantees that ensures appropriate security and confidentiality of the personal data.

You are entitled to access to your personal data, to obtain rectification and erasure, a right to restriction of processing, a right to object as well as a right to data portability, in the conditions defined by the applicable regulations, from the following email address: LON-GDPR-SGLB@sgcib.com

Data protection officer

We have appointed a data protection officer (DPO) to oversee compliance of data protection laws. Our DPO can be contacted at dpo-sgil.lon@sgcib.com. You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK supervisory authority for data protection issues at the following address:

Information Commissioner’s Office

Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF

The website uses “cookies”. A cookie is a text file which is stored by your browser which is used to authenticate you during your browsing on the website. We use cookies on our site to allow a more effective and secure navigation for the users.

For more information click here.

Safety

This website is protected by a high level of technical security, and it is under permanent monitoring. The algorithms and mechanisms, used to protect your communications with Societe Generale and the information that pertains you, comply with the French regulations in effect.

version : 4.38.0-SNAPSHOT