Structural obfuscation offers a means to effectively secure through obfuscation the contents of an intellectual property (IP) cores used in an electronic system-on-chip (SoC). In this work a novel structural obfuscation methodology for protecting a digital signal processor (DSP) IP core at the architectural synthesis design stage. The proposed approach specifically targets protection of IP cores that involve complex loops. Five different algorithmic level transformation techniques are employed: loop unrolling, loop invariant code motion, tree height reduction/increment, logic transformation and redundant operation removal. Each of these can yield camouflaged functionally equivalent designs. In addition, low cost obfuscated design is generated through proposed approach through the use of multi-stage algorithmic transformation and particle swarm optimization (PSO)-drive design space exploration (DSE). Results of proposed approach yielded an enhancement obfuscation of 22 % and reduction in obfuscated design cost of 55 % compared to similar prior art.