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SG Structured Products to price 12.9% ReConvs linked to Citigroup
By Laura Lutz
Des Moines, Nov. 7 - SG Structured Products plans to price 12.9% ReConvs due May 30, 2008 linked to Citigroup Inc. common stock, according to a term sheet.
At maturity, investors will receive par unless Citigroup 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 Citigroup 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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