New Issue: SG Structured Products prices $1 million 11% ReConvs linked to Target

By Angela McDaniels

Tacoma, Wash., Nov. 5 - SG Structured Products, Inc. priced a $1 million issue of 11% ReConvs due April 30, 2008 linked to the common stock of Target Corp., according to a term sheet.

Interest is payable monthly.

The payout at maturity will be par unless Target stock falls by more than 20% during the life of the notes and the final share price is less than the initial share price, in which case the payout will be a number of Target shares equal to $1,000 divided by the initial share price or the equivalent cash value.

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

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying stock:	Target Corp. (NYSE: TGT)
Amount:	$1 million
Maturity:	April 30, 2008
Coupon:	11%, payable monthly
Price:	Par
Payout at maturity:	If Target stock falls below the limit price during the life of the notes and finishes below the initial share price, 15.8655 Target shares or equivalent cash value; otherwise, par
Initial share price:	$63.03
Limit price:	$50.42, 80% of initial share price
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp.
Fees:	3.5% (maximum)

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