New Issue: SG Structured Products prices $3 million 9% ReConvs linked to Motorola

By Angela McDaniels

Seattle, April 3 - SG Structured Products, Inc. priced a $3 million issue of 9% ReConvs due March 28, 2008 linked to the common stock of Motorola, Inc., according to a term sheet.

Interest is payable quarterly.

The payout at maturity will be par unless Motorola stock falls below the limit price of $14.17 during the life of the notes and finishes below the initial share price of $17.71, in which case the payout will be a number of Motorola shares equal to $1,000 divided by the initial share price.

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

Issuer:	SG Structured Products, Inc.
Issue:	ReConvs
Underlying stock:	Motorola, Inc.
Amount:	$3 million
Maturity:	March 28, 2008
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	If Motorola stock falls below the limit price during the life of the notes and finishes below the initial share price, 56.4653 Motorola shares; otherwise, par
Initial share price:	$17.71
Limit price:	$14.17, 80% of initial share price
Pricing date:	March 29
Settlement date:	March 30
Agents:	SG Americas Securities, LLC (lead), Countrywide Securities Corp.
Agent fee:	3.5% (maximum)

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