SG Structured Products to price 19% Tempo ReConvs linked to Schering-Plough

By Laura Lutz

Des Moines, Feb. 4 - SG Structured Products, Inc. plans to price 19% Tempo ReConvs due Aug. 20, 2008 linked to Schering-Plough Corp. common stock, according to a term sheet.

Interest will be payable quarterly.

The notes will be automatically redeemed at par if the closing price of Schering-Plough shares exceeds the initial share price on May 14.

At maturity, investors will receive par unless Schering-Plough stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Schering-Plough shares equal to par divided by the initial share price.

The notes will price on Feb. 14 and settle on Feb. 20.

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

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