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Refco Securities, LLC has commenced the sale and distribution of the Refco Diversified Alpha Notes - EUR I.


The 100% principal protected Notes are 10-year, Euro denominated, euro Medium Term Notes guaranteed by the full faith and credit by Société Générale.


The performance of the Notes is linked to the S&P Hedge Fund Index and the Refco Advantage Multi Manager Fund - Futures Series I, managed by Refco Alternative Investments.


The Note is designed to provide broad diversification through allocation to over 50 alternative funds representing 9 different strategies. The Notes will be available to sophisticated investors mainly located in Europe and the Middle East.


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