SG Structured Products to price 15.8% ReConvs linked to Starbucks

By Jennifer Chiou

New York, Feb. 8 - SG Structured Products Inc. plans to price 15.8% annualized ReConvs due May 29, 2008 linked to Starbucks Corp. common stock, according to a term sheet.

Interest will be payable monthly.

At maturity, investors will receive par unless Starbucks stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Starbucks shares equal to par divided by the initial share price.

The notes will price on Feb. 26 and settle on Feb. 29.

SG Americas Securities, LLC is lead agent with Countrywide Securities Corp. as co-agent.

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