SG Structured Products to price 17.3% ReConvs linked to GM

By Angela McDaniels

Seattle, Sept. 10 - SG Structured Products, Inc. plans to price 17.3% ReConvs due Sept. 26, 2008 linked to the common stock of General Motors Corp., according to a term sheet.

Interest will be payable monthly.

The payout at maturity will be par unless GM stock falls by more than 30% 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 GM shares equal to $1,000 divided by the initial share price.

The notes will price on Sept. 25 and settle on Sept. 28.

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

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