In a hard lock-up, investors have no right to redeembeforetheir time is up; in a soft lock-up, theycan get outearlybuthave to pay a redemption fee of, say, 3-5%.
Although U.S. Corrugated, a paper and pulp company, is not a household name, and a complicated stand alone investment, a lot of corporate bonds that are called or an event to create an earlyredemption such as a mergers and acquisitions occur regularly.
Having said that, Groupon is promising many goodies with this package, including the redemption of an expired Groupon as well as early access to deals.