New Issue: SG Structured Products sells $1.25 million 16.6% Tempo ReConvs linked to CVRD

By Jennifer Chiou

New York, June 4 - SG Structured Products, Inc. priced $1.25 million of 16.6% annualized Tempo ReConvs notes due Aug. 30, 2007 linked to Companhia Vale do Rio Doce American Depositary Receipts representing CVRD stock, according to a term sheet.

If CVRD stock falls to or below the contingent protection level of $39.06, 90% of the initial level, during the life of the notes and the stock finishes below the initial share price, the payout will be $1,000 divided by the initial price, in stock or the equivalent in cash.

Otherwise, the payout is par.

Societe Generale is principal agent with Countrywide Securities Corp. as agent.

Issuer:	SG Structured Products, Inc.
Issue:	Tempo ReConvs
Underlying security:	Companhia Vale do Rio Doce ADRs representing CVRD stock
Amount:	$1.25 million
Maturity:	Nov. 30, 2007
Coupon:	16.6% annualized, payable quarterly
Payment at maturity:	If CVRD stock falls below the contingent protection level of $39.06 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $43.40 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$43.40
Contingent protection level:	$39.06, 90% of the initial level
Pricing date:	May 29
Settlement date:	May 30
Agent:	SG Americas Securities, LLC, Countrywide Securities Corp.
Fees:	3.5% (maximum)

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