SG Structured Products to price leveraged callable CMS spread notes

By Angela McDaniels

Tacoma, Wash., Dec. 7 - SG Structured Products, Inc. plans to price leveraged callable CMS spread notes due Dec. 31, 2029, according to a term sheet.

The interest rate will be fixed at 10% for the first year. Beginning Jan. 3, 2011, interest will equal four times the spread of the 10-year Constant Maturity Swap rate over the two-year CMS rate, subject to a floor of zero and a cap of 10% per year in each interest period. Interest will be payable semiannually

The payout at maturity will be par.

The notes will be callable at par on any interest payment date.

The notes will settle Dec. 31.

SG Americas Securities, LLC is the agent. Advisors Asset Management, Inc. is the distributor.

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