Conditional Redemption of CorTS Trust for Great Western Financial Trust II.CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. : 22080P200 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, as supplemented by the CorTS Supplement as supplemented by the CorTS Supplement 2001-24 dated as of May 31, 2001, between Structured Products Corp. and U.S. Bank Trust National Association, as Trustee. The Trustee has received notice that Great Western Financial Trust II has elected to redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. the term assets of the trust on February 1, 2007 (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 Trustee has also received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on the Redemption Date. If the Trustee receives the redemption payment on the Redemption Date, then the Class A Certificates issued by the CorTS Trust for Great Western Financial Trust II will be redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. in full on the Redemption Date at a price of $25.00 per Certificate and the Class B Certificates will be retired on the Redemption Date. On February 1, 2007 interest on the certificates will be paid to holders of record in the usual manner. No interest will accrue To increase; to augment; to come to by way of increase; to be added as an increase, profit, or damage. Acquired; falling due; made or executed; matured; occurred; received; vested; was created; was incurred. on the Certificates after the Redemption Date. If the Trustee does not receive the redemption payment, then Certificates referenced in the redemption notice will not be redeemed. 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. |
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