Conditional Redemption of CorTS Trust For International Business Machines Corporation Debentures, Series 2004-3.Class A CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. : 22083D204* (NYSE NYSE See: New York Stock Exchange Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors HYJ) Class B CUSIP: 22083DAA DAA - Distributed Application Architecture: under design by Hewlett-Packard and Sun. A distributed object management environment that will allow applications to be developed independent of operating system, network or windowing system. 3* Please forward this notice to all beneficial holders. 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 (the "Trustee"), under the Base Trust Agreement dated as of December 15, 2000, between Structured Products Corp. and the Trustee, as supplemented by the CorTS Supplement 2004-3 dated as of February 23, 2004 has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on September 23, 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 CorTS Trust For International Business Machines Debentures (the "Trust") will be redeemed in full on the Redemption Date at a price of $25 per Class A Certificate plus $0.445311 accrued interest to the Redemption Date per Class A Certificate and, (ii) the Class B Certificates will be redeemed in full at the Warrant Class B Purchase Price of $32.165880 per Class B Certificate plus $0.791666 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) 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 these redemptions, please contact Janet O'Hara of U.S. Bank Trust National Association at 212-361-2527. *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. |
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