Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Companhia Vale do Rio Doce SA (CVRD) > News item |
SG Structured Products to price 23.4% Tempo ReConvs linked to CVRD
By Laura Lutz
Des Moines, Dec. 14 - SG Structured Products Inc. plans to price 23.4% Tempo ReConvs due June 27, 2008 linked to Companhia Vale do Rio Doce (CVRD) common stock, according to a term sheet.
The notes will be automatically redeemed in whole if the closing price of CVRD shares exceeds the initial share price on any call date.
At maturity, investors will receive par unless CVRD stock falls below the knock-in price - 75% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of CVRD shares equal to par divided by the initial share price.
The notes will price on Dec. 21 and settle on Dec. 28.
Societe Generale is lead agent with Countrywide Securities Corp. as co-agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.