Conditional Redemption of Corporate Backed Trust Certificates
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.
Bondholder Services (800) 934-6802