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SG Structured Products to price 13.25% ReConvs linked to Baker Hughes
By Laura Lutz
Des Moines, Dec. 14 - SG Structured Products Inc. plans to price 13.25% ReConvs due June 27, 2008 linked to Baker Hughes Inc. common stock, according to a term sheet.
At maturity, investors will receive par unless Baker Hughes 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 Baker Hughes shares equal to par divided by the initial share price.
The notes will price on Dec. 21 and settle on Dec. 28.
Societe Generale is lead agent with Countrywide Securities Corp. as co-agent.
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