New Issue: SG Structured Products sells $1 million 17.8% ReConvs linked to Las Vegas Sands

By Laura Lutz

Des Moines, Jan. 10 - SG Structured Products, Inc. priced $1 million of 17.8% ReConvs notes due March 28, 2008 linked to Las Vegas Sands Corp. stock, according to a term sheet.

Interest will be payable monthly.

If Las Vegas Sands stock falls below the contingent protection level of $81.00, 80% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be par divided by the $108.00 initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying security:	Las Vegas Sands Corp. (Symbol: LVS)
Amount:	$1 million
Maturity:	March 28, 2008
Coupon:	17.8%, payable monthly
Price:	Par
Payment at maturity:	If Las Vegas Sands stock falls below the contingent protection level of $81.00 during the life of the notes and finishes below the initial price, payout will be par divided by the $108.00 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$108.00
Contingent protection level:	$81.00, 80% of the initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 28
Agent:	SG Americas Securities, LLC (lead), Countrywide Securities Corp. (co-agent)
Fee:	3.5% (maximum)

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