Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Oracle Corp. > News item |
SG Structured Products to price 10% ReConvs linked to Oracle
By Laura Lutz
Des Moines, Nov. 7 - SG Structured Products plans to price 10% ReConvs due Nov. 28, 2008 linked to Oracle Corp. common stock, according to a term sheet.
At maturity, investors will receive par unless Oracle stock falls below the knock-in price - 80% 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 Oracle shares equal to par divided by the initial share price.
The notes will price on Nov. 27 and settle on Nov. 30.
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.