SG Structured Products to price 21% Worst-of ReConvs linked to financial stock basket

By Angela McDaniels

Seattle, Aug. 7 - SG Structured Products, Inc. plans to price Worst-of ReConvs due Nov. 30, 2007 linked to a basket of common stocks, according to a term sheet.

The three-month notes will pay 5.25% for an annualized rate of 21%. Interest will be payable monthly.

The basket will include the common stocks of the Goldman Sachs Group, Inc., Merrill Lynch & Co., Inc. and Morgan Stanley.

The payout at maturity will be par unless any stock falls by more than 20% during the life of the notes and the final share price for any stock is less than its initial share price, in which case the payout will be a number of shares of the worst-performing stock equal to $1,000 divided by that stock's 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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