SG Structured Products to price absolute return barrier notes linked to S&P 500

By Susanna Moon

Chicago, April 30 - SG Structured Products, Inc. plans to price 0% absolute return barrier notes due Nov. 23, 2009 linked to the S&P 500 index, according to a term sheet.

If the index stays between the upper and lower index barriers, the payout at maturity will be par plus the absolute value of the index return.

The upper index barrier is expected to be 116% to 117% of the initial level, and the lower index barrier is expected to be 83% to 84% of the initial level. The exact barrier levels will be determined at pricing.

Otherwise, the payout will be par.

The notes will price on May 20 and settle on May 23.

SG Americas Securities, LLC is the 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.