Sugino is good stuff. I highly doubt such a crank has ever left their factory in that condition. Pedal strike seems much more likely. Bending it back to straight is probably possible but not recommended. I would fully expect the crank to break at the twice bent region in the next few thousand miles. So, sadly, I'd call this a learning experience. Too bad. I have many thousands of miles on Sugino cranks. On 5 of my 6 bikes now.