SG Structured Products to price 14% ReConvs linked to Qualcomm

By Angela McDaniels

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

The six-month notes will pay 7% for an annualized rate of 14%. Interest will be payable monthly.

The payout at maturity will be par unless Qualcomm 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 Qualcomm shares equal to $1,000 divided by 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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