Conditional Redemption of Corporate Backed Trust Certificates Ford
Motor Co. Debenture-Backed Series 2001-36 Trust
Class A-1 Certificates (NYSE Listing XKN) CUSIP*: 21988G551; Class
A-2 Certificates CUSIP*: 21988GBJ4
NEW YORK, NY -- (Marketwire) -- 10/03/12 -- U.S. Bank Trust National
Association, as Trustee, under the Standard Terms for Trust
Agreements dated as of January 16, 2001, between Lehman ABS
Corporation, as Depositor, and U.S. Bank Trust National Association,
as Trustee, as supplemented by the Series Supplement, Ford Motor Co.
Debenture-Backed Series 2001-36 Trust, dated as of November 15, 2001
as supplemented (the "Trust Agreement") in respect of the Corporate
Backed Trust Certificates, Ford Motor Co. Debenture-Backed Series
2001-36 Trust (the "Trust"), received notice that the Call Warrants
holder has exercised its right to purchase all outstanding Class A-1
(NYSE: XKN) and A-2 Certificates and effect an Optional Exchange for
the assets of the Trust on October 10, 2012 (the "Redemption Date").
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE
TRUSTEE OF THE WARRANT EXERCISE CALL 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 Call Price by 10:00 a.m. (New York City
time) on the Redemption Date, then the certificates issued by the
Trust (the "Certificates") will be redeemed in full on the Redemption
Date at a price of $25 principal plus $0.760243056 accrued interest
per Class A-1 Certificate and $19.519288730 interest per $1,000
stated notional amount Class A-2 Certificate (the "Call Price"). The
Class A-2 Certificates are interest-only certificates and will not
receive payment of principal. No interest will accrue on the
Certificates after the Redemption Date. If the Trustee does not
receive the Call Price, then (i) the Certificates issued by the Trust
will remain outstanding and continue to accrue interest as if no
exercise notice had been given and (ii) the Call Warrants 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, Certificate Holders with questions may
contact our Bondholder Services at (800) 934-6802.
*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 certificateholders.
Press spacebar to pause and continue. Press esc to stop.