New Issue: SG Structured Products sells $1 million 16.35% ETF-linked ReConvs linked to iShares MSCI Brazil

By Jennifer Chiou

New York, Jan. 10 - SG Structured Products Inc. priced $1 million of 16.35% ETF-linked ReConvs notes due June 27, 2008 linked to the iShares MSCI Brazil Index Fund, according to a term sheet.

If the index falls to or below the contingent protection level of $57.12 during the life of the notes and finishes below its initial level of $81.60, the payout will be $1,000 divided by the initial price, in shares of the fund or the equivalent in cash. The protection level is equal to 70% of the initial level.

Otherwise, the payout is par.

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

Issuer:	SG Structured Products Inc.
Issue:	ETF-linked ReConvs
Underlying security:	iShares MSCI Brazil Index Fund
Amount:	$1 million
Maturity:	June 27, 2008
Coupon:	16.35%
Price:	Par
Payment at maturity:	If the index falls below the contingent protection level of $57.12 during the life of the notes and finishes below the initial price, payout will be $1,000 divided by the $81.60 initial price, in stock or equivalent in cash; otherwise par
Initial price:	$81.60
Contingent protection level:	$57.12, 70% of the initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 28
Agents:	SG Americas Securities, LLC, Countrywide Securities Corp.
Fees:	3.5%

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