New Issue: SG Structured Products prices $2.5 million 18% ReConvs linked to iShares FTSE/Xinhua China 25

By Angela McDaniels

Tacoma, Wash., Nov. 5 - SG Structured Products, Inc. priced a $2.5 million issue of 18% ReConvs due Jan. 31, 2008 linked to the iShares FTSE/Xinhua China 25 index fund, according to a term sheet.

Interest is payable monthly.

The payout at maturity will be par unless shares of the exchange-traded fund fall by more than 30% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of fund shares equal to $1,000 divided by the initial share price or the equivalent cash value.

SG Americas Securities, LLC is principal agent, with Countrywide Securities Corp. as co-agent.

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying ETF:	iShares FTSE/Xinhua China 25 index fund (NYSE: FXI)
Amount:	$2.5 million
Maturity:	Jan. 31, 2008
Coupon:	18%, payable monthly
Price:	Par
Payout at maturity:	If the fund's share price falls below the limit price during the life of the notes and finishes below the initial share price, 4.7676 shares or equivalent cash value; otherwise, par
Initial share price:	$209.75
Limit price:	$146.83, 70% of initial share price
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp.
Fees:	3.5% (maximum)

© 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.