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SocGen kicks off World Cup warrant

Societe Generale is offering a warrant giving exposure to nine companies it expects to profit from the World Cup.

It has chosen stocks that performed well in the run-up to at least four of the last five major football events since 1996.

Stocks held within the warrant include Puma, Heineken, Adidas-Salomon and Danone, which delivered average absolute returns of 14.9 per cent over the last five football events.

The warrant will double the return achieved by the stocks through leverage and expires on July 31. To limit potential losses, it expires immediately if the value of the basket falls by 30 per cent.

Flow and listed sales specialist Christophe de la Celle says: “The warrant is currently trading at 1,215. It was originally issued at 1,020, which means the basket has performed well, returning 11 per cent so far, so the warrant is up 22 per cent.”

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