By Jennifer Chiou
New York, Dec. 5 - SG Structured Products, Inc. priced $1.25 million of 15.7% ETF-linked ReConvs notes due Feb. 29, 2008 linked to iShares MSCI Brazil index fund shares, according to a term sheet.
Interest is payable monthly.
If iShares MSCI Brazil shares fall below the limit price of $55.73, 75% of the initial level, during the life of the notes and the shares finish below the initial share price, the payout at maturity will be a number of shares equal to par divided by the $74.30 initial price or the equivalent in cash.
Otherwise, the payout is par.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
| Issuer: | SG Structured Products, Inc.
|
| Issue: | ETF-linked ReConvs
|
| Underlying shares: | iShares MSCI Brazil index fund (Symbol: EWZ)
|
| Amount: | $1.25 million
|
| Maturity: | Feb. 29, 2008
|
| Coupon: | 15.7%, payable monthly
|
| Price: | Par
|
| Payment at maturity: | If iShares MSCI Brazil shares fall below the limit price of $55.73 during the life of the notes and finish below the initial price, payout will be a number of shares equal to par divided by the $74.30 initial price or equivalent in cash; otherwise par
|
| Initial price: | $74.30
|
| Limit price: | $55.73, 75% of the initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | SG Americas Securities, LLC (lead), Countrywide Securities Corp. (co-agent)
|
| Fees: | 3.5% (maximum)
|
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