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SG Structured Products to price 14.15% ReConvs linked to Sears
By Laura Lutz
Des Moines, Dec. 14 - SG Structured Products Inc. plans to price 14.15% ReConvs due March 28, 2008 linked to Sears Holdings Corp. common stock, according to a term sheet.
At maturity, investors will receive par unless Sears stock falls below the knock-in price - 75% 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 Sears 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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