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SG Structured Products to price buffered accelerator notes linked to three indexes
By Susanna Moon
Chicago, April 30 - SG Structured Products, Inc. plans to price buffered accelerator notes due May 23, 2011 linked to a basket of indexes, according to a term sheet.
The basket comprises equal weights of the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.
Payout at maturity will be par plus double any gain in the basket, capped at 15% to 16%, with the exact cap to be set at pricing.
If the basket falls by up 10%, the payout will be par. Investors will be exposed to losses beyond 10%.
The notes will price on May 20 and settle on May 23.
SG Americas Securities, LLC is the agent.
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