New Issue: SG Structured Products prices $1.5 million 9.5% ReConvs linked to Oil Service HOLDRs

By Angela McDaniels

Seattle, April 3 - SG Structured Products, Inc. priced a $1.5 million issue of 9.5% ReConvs due March 28, 2008 linked to the depositary receipts of Oil Service HOLDRs Trust, according to a term sheet.

Interest is payable quarterly.

The payout at maturity will be par unless the Oil Service depositary receipts fall below the limit price during the life of the notes and finish below the initial depositary receipt price, in which case the payout at maturity will be par minus the percentage decline in the depositary receipt price.

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

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying security:	Oil Service HOLDRs Trust depositary receipts
Amount:	$1.5 million
Maturity:	March 28, 2008
Coupon:	9.5%, payable quarterly
Price:	Par
Payout at maturity:	If Oil Service depositary receipts fall below the limit price during the life of the notes and finish below the initial price, par minus the depositary receipt price decline; otherwise, par
Initial price:	$147.95
Limit price:	$118.36, 80% of initial price
Pricing date:	March 29
Settlement date:	March 30
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp.
Agent fee:	3.5% (maximum)

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