SG Structured Products to price 21% Tempo ReConvs linked to Moody's

By Angela McDaniels

Seattle, Aug. 7 - SG Structured Products, Inc. plans to price Tempo ReConvs due Feb. 29, 2008 linked to the common stock of Moody's Corp., according to a term sheet.

The six-month notes will pay 10.5% for an annualized rate of 21%. Interest will be payable quarterly.

The payout at maturity will be par unless Moody's 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 Moody's shares equal to $1,000 divided by the initial share price.

The notes will be automatically called at par plus accrued interest if the closing price of Moody's shares on Nov. 30, 2007 is equal to or greater than the initial share price.

The notes will price on Aug. 28 and settle on Aug. 31.

SG Americas Securities, LLC will be the principal agent, with Countrywide Securities Corp. as co-agent.

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