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SG Structured Products to price 12.75% ReConvs linked to eBay
By Jennifer Chiou
New York, Feb. 8 - SG Structured Products Inc. plans to price 12.75% annualized ReConvs due Aug. 29, 2008 linked to eBay Inc. common stock, according to a term sheet.
Interest will be payable monthly.
At maturity, investors will receive par unless eBay 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 eBay shares equal to par divided by the initial share price.
The notes will price on Feb. 26 and settle on Feb. 29.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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