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SG to price bearish protected notes linked to SGI Bond 10y USD index
By Angela McDaniels
Tacoma, Wash., March 1 - SG Structured Products, Inc. plans to price 0% bearish principal-protected notes due March 31, 2015 linked to the SGI Bond 10y USD index, according to a term sheet. The notes will be guaranteed by Societe Generale, New York Branch.
If the index return is negative, the payout at maturity will be par plus 300% of the absolute value of the decline. If the index return is positive, investors will receive par.
The notes are expected to price March 29 and settle March 31.
SG Americas Securities, LLC is the agent, and Advisors Asset Management, Inc. is the distributor.
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