$re = '/(.*)(\/products\/)(.*)(\.jpg)(.*)/m';
$str = 'https://cdn.mysite.com/a/files/1/0097/4192/6485/products/image.jpg?v=160';
$subst = "$1/files/$3-feed.jpg$5";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php