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SG Structured Products to price 14.8% ReConvs linked to Kohl's
By Jennifer Chiou
New York, Feb. 8 - SG Structured Products Inc. plans to price 14.8% annualized ReConvs due May 29, 2008 linked to Kohl's Corp. common stock, according to a term sheet.
Interest will be payable monthly.
At maturity, investors will receive par unless Kohl's 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 Kohl's shares equal to par divided by the initial share price.
The notes will price on Feb. 26 and settle on Feb. 29.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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