SG Structured Products plans Safe Express Notes linked to stock basket

By Laura Lutz

Des Moines, Sept. 10 - SG Structured Products, Inc. plans to price an issue of Safe Express Notes due Sept. 28, 2010 linked to a stock basket, according to a term sheet.

The basket consists of the common stocks of Apple Inc., Bank of America Corp., the Walt Disney Co., Target Corp., Exxon Mobil Corp. and Johnson & Johnson.

The notes will be called at a premium if the closing price of each reference stock is equal to or greater than its initial level on any observation date.

The observation dates are March 24, 2008, Sept. 22, 2008, March 23, 2009, Sept. 22, 2009 and March 22, 2010.

The notes will be redeemed for 106% of par if called on the first observation date, for 112% of par on the second observation date, for 118% of par on the third observation date, for 124% of par on the fourth observation date and for 130% of par on the fifth observation date.

If the notes have not been called, the payout at maturity will be based on the final prices of the reference stocks. The payout will be par unless the final prices of all the stocks are equal to or greater than their respective initial levels, in which case the payout will be 136% of par.

The notes are expected to price on Sept. 25 and settle on Sept. 28.

SG Americas Securities, LLC is the principal agent with LaSalle Financial Services, Inc. as co-agent.

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