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SG Structured Products to price 10% ReConvs linked to Wells Fargo
By Angela McDaniels
Seattle, Sept. 10 - SG Structured Products, Inc. plans to price 10% ReConvs due Sept. 26, 2008 linked to the common stock of Wells Fargo & Co., according to a term sheet.
Interest will be payable monthly.
The payout at maturity will be par unless Wells Fargo stock falls by more than 20% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Wells Fargo shares equal to $1,000 divided by the initial share price.
The notes will price on Sept. 25 and settle on Sept. 28.
SG Americas Securities, LLC will be the principal agent, with Countrywide Securities Corp. as co-agent.
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