Conditional Notice of Call Warrant Exercise on Term Assets:CorTS Trust for
Bristol-Myers Squibb Debentures
Class A CUSIP: 22082B209*
Class B CUSIP: 22082BAA8 *
NEW YORK -- December 05, 2012
U.S. Bank Trust National Association serves as trustee (the “Trustee”) for the
above-referenced Trust (the “Trust”) formed pursuant to the terms of the Base
Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS
Supplement 2002-4 (the “Series Supplement”), dated as of May 23, 2002
(collectively, the “Trust Agreement”) by and between Structured Products
Corporation (the “Depositor”) and the Trustee. Capitalized terms used herein
have the meanings set forth in the Trust Agreement. The assets of the Trust
include the following securities:
6.875% Debentures due August 1, 2097
CUSIP No. 110122AC2
Bristol-Myers Squibb Company
On December 4, 2012 the Warrantholder gave notice to the Trustee of its intent
to exercise all Call Warrants for the purchase of all of the Term Assets held
by the Trust, and agrees to make payment equal to the sum of the principal
amount of the Term Assets being purchased pursuant to the exercise of the Call
Warrants plus accrued and unpaid interest to and including the Warrant
Exercise Date, determined to be Thursday, December 20, 2012 (the “Warrant
Exercise Date” or “Redemption Date”).
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE
OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE DATE. THERE CAN
BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE
WARRANT EXERCISE DATE.
On the Redemption Date, if the Trustee receives the Warrant Exercise Purchase
Price by 11:00 a.m. (New York City time), then (i) $54,500,000 Class A
Certificates will be redeemed at a price of $25.00 per Class A Certificate
plus accrued interest of $0.656389 per Class A Certificate to the Redemption
Date and (ii) holders of Class B Certificates will receive a final payment of
accrued interest of $0.289583 per $1,000 Class B Certificate.
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
Warrantholder may elect to deliver a partial or full conditional notice of
exercise in the future.
December 5, 2012
*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.
U.S. Bank Trust National Association
Bondholder Services, 800-934-6802
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