SG Structured Products to price 0% booster notes linked to commodities basket

By Jennifer Chiou

New York, Oct. 10 - SG Structured Products, Inc., a wholly owned subsidiary of Societe Generale, plans to price 0% booster notes due Oct. 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 and special high-grade zinc.

If the basket increases by 30% or more, the payout will be par plus the basket return. If the basket remains flat or increases by less than 30%, the payout will be par plus 30%.

If the final basket is less than the initial index level but is at least 70% of the initial index level, the payout will be par plus the basket performance and the 30% booster percentage. If the final basket level is less than or equal to 70% of the initial basket level, the payout will be par.

The notes will price on Oct. 29 and settle on Oct. 31.

LaSalle Financial Services, Inc. will be 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.