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SG Structured Products to price 15.7% ReConvs linked to iShares MSCI Brazil
By Laura Lutz
Des Moines, Nov. 7 - SG Structured Products plans to price 15.7% ReConvs due Feb. 29, 2008 linked to shares of the iShares MSCI Brazil index fund, according to a term sheet.
At maturity, investors will receive par unless the shares fall below the knock-in price - 75% of the initial share price - during the life of the notes and finish below the initial share price, in which case the payout will be a number of 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.
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