SG Structured Products plans 33.4% worst-of ReConvs linked to three stocks

By Laura Lutz

Des Moines, March 4 - SG Structured Products, Inc. plans to price 33.4% worst-of ReConvs due Sept. 19, 2008 linked to the common stocks of Chesapeake Energy Corp., Community Health Systems, Inc. and Nortel Networks Corp., according to a term sheet.

Interest will be payable quarterly.

If every share stays at or above its limit price - 70% of its initial price - during the life of the notes or if every share finishes at or above its initial price, the payout will be par.

Otherwise, the payout will be a number of the worst performing shares equal to par divided by the initial price of those shares. Fractional shares will be paid in cash.

The notes are expected to price on March 14 and settle on March 19.

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

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