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SG Structured Products to price 0% booster notes linked to commodities basket
By Jennifer Chiou
New York, Aug. 1 - SG Structured Products, Inc., a wholly owned subsidiary of Societe Generale, plans to price 0% multi-booster notes due Aug. 31, 2012 linked to a basket of commodities, according to a term sheet.
The basket will include equal weights of light sweet crude oil, grade A copper, special high-grade zinc and primary aluminum.
If the basket increases by 7% or more, the payout will be par plus the basket return. If the basket remains flat or increases by less than 7%, the payout will be par plus 7%. Investors will receive at least par.
The notes will price on Aug. 29 and settle on Aug. 31.
LaSalle Bank NA will be the agent.
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