New Issue: SG Structured Products sells $750,000 18.35% ReConvs linked to National Oilwell

By Laura Lutz

Des Moines, Dec. 5 - SG Structured Products, Inc. priced $750,000 of 18.35% ReConvs notes due May 30, 2008 linked to National Oilwell Varco, Inc. stock, according to a term sheet.

Interest is payable monthly.

If National Oilwell stock falls below the limit price of $48.46, 75% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout at maturity will be a number of shares equal to par divided by the $64.61 initial price 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 stock:	National Oilwell Varco, Inc. (Symbol: NOV)
Amount:	$750,000
Maturity:	May 30, 2008
Coupon:	18.35%, payable monthly
Price:	Par
Payment at maturity:	If National Oilwell stock falls below the limit price of $48.46 during the life of the notes and finishes below the initial price, payout will be a number of shares equal to par divided by the $64.61 initial price or equivalent in cash; otherwise par
Initial price:	$64.61
Limit price:	$48.46, 75% of the initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp. (co-agent)
Fee:	3.5% (maximum)

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