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SG Structured Products to price 12% ReConvs linked to Deere
By Laura Lutz
Des Moines, March 11 - SG Structured Products, Inc. plans to price 12% ReConvs due March 31, 2009 linked to Deere & Co. common stock, according to a term sheet.
Interest will be payable monthly.
At maturity, investors will receive par unless Deere 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 Deere shares equal to par divided by the initial share price.
The notes will price on March 26 and settle on March 31.
SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.
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