Conditional Redemption of CAST Step-Up Trust for Morgan Stanley Notes, CAST Supplement 2003-6.Class A Certificates (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. *: 14835TAB4; NYSE NYSE See: New York Stock Exchange : PKF PKF Peace Keeping Force PKF Pannell Kerr Foster (accounting firm) PKF Park Falls, Wisconsin (Airport Code) 13) Class B Certificates (CUSIP*: 14835TAA TAA - Track Average Amplitude 6) NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of December 15, 2000 between Structured Products Corp. and the Trustee, as supplemented by the CAST Supplement 2003-6 dated as of July 25, 2003, has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the Trust on September 16, 2009 (the "Redemption Date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. "). THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time) on the Redemption Date, then (i) the Class A Certificates issued by the CAST Step-Up Trust for Morgan Stanley Notes (the "Trust") will be redeemed in full on the Redemption Date at a price of $1,000 per Class A Certificate plus $2.187500 accrued interest to the Redemption Date per Class A Certificate and (ii) the Class B Certificates will be redeemed in full on the Redemption Date after payment of the Warrant Class B Purchase Price of $1.562893 per Class B Certificate plus $0.020833 accrued interest to the Redemption Date per Class B Certificate. If the Certificates are redeemed, no interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and will continue to accrue distributions as if no exercise notice had been given and (ii) the Call Warrant Holder may elect to deliver a conditional notice of exercise in the future. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional redemption, please contact William H. Hall of U.S. Bank Trust National Association at 617-603-6495. *U.S. Bank shall not be held responsible for the selection or the use of the CUSIP number, nor is any representation made as to its correctness indicated in this notice. It is included solely for the convenience of the holders. |
|
|||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion