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SG Structured Products to price 11.5% ReConvs linked to Oracle
By Laura Lutz
Des Moines, Feb. 4 - SG Structured Products, Inc. plans to price 11.5% ReConvs due Feb. 20, 2009 linked to Oracle Corp. common stock, according to a term sheet.
Interest will be payable monthly.
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 Feb. 14 and settle on Feb. 20.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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