SG Structured Products to price 15.2% Tempo ReConvs linked to Schlumberger

By Jennifer Chiou

New York, Feb. 8 - SG Structured Products, Inc. plans to price 15.2% annualized Tempo ReConvs due Aug. 29, 2008 linked to Schlumberger Ltd. common stock, according to a term sheet.

Interest will be payable quarterly.

The notes will be automatically redeemed in whole if the closing price of Schlumberger shares exceeds the initial share price on May 29, 2008. The redemption price will be par plus accrued interest.

At maturity, investors will receive par unless the 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 Schlumberger shares equal to $1,000 divided by the initial share price.

The notes will price on Feb. 26 and settle on Feb. 29.

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

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