SG Structured Products to price 10.25% ReConvs linked to Exxon Mobil

By Jennifer Chiou

New York, Sept. 11 - SG Structured Products Inc. plans to price 10.25% annualized ReConvs due Sept. 30, 2009 linked to Exxon Mobil Corp. common stock, according to a term sheet.

Interest will be payable monthly.

At maturity, investors will receive par unless Exxon Mobil stock falls below the knock-in price - 80% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Exxon Mobil shares equal to par divided by the initial share price.

The notes will price on Sept. 25 and settle on Sept. 30.

The company will issue a maximum of $10 million.

SG Americas Securities, LLC is the agent. Incapital LLC is the distributor.

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