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SG Structured Products to price 28.5% ReConvs linked to Amazon
By Susanna Moon
Chicago, Jan. 14 - SG Structured Products Inc. plans to price 28.5% ReConvs due April 30, 2008 linked to Amazon.com Inc. common stock, according to a term sheet.
Interest will be payable monthly.
At maturity, investors will receive par unless Amazon 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 Amazon shares equal to par divided by the initial share price.
The notes will price on Jan. 25 and settle on Jan. 30.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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