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    Structured Products CorTS, Xerox Capital Trust I, 8.0% Certificates
    Ticker Symbol: KTX*     CUSIP: 220804207     Exchange: NYSE
    Security Type:   Third Party Trust Preferred
    * NOTE: This security is no longer trading as of 5/23/2011

    Security has been Called for:  Monday, May 23, 2011

    May 26, 2011 -- U.S. Bank Trust National Association serves as trustee for the above-referenced Trust formed pursuant to the terms of the Base Trust Agreement dated as of May 21, 1999, as supplemented by the Series Supplement Series 1999-3, dated as of October 20, 1999 by and between Structured Products Corporation and the Trustee. The Trustee received from the Term Assets Issuer a Corporate Action Notice of a Full Call on the Term Assets to be effected on May 23, 2011. On May 23rd, the Trustee received the call price for the Term Assets. The call price per CorTS Certificate of $25.00 per Certificate plus accrued interest of $0.622222 plus a premium of $0.36750 per CorTS Certificate was paid on May 25, 2011. The CorTS Certificates have been fully called and therefore will no longer continue to accrue distributions 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, Holders with questions may contact Bondholder Services at (800) 934-6802.

    QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 8.00% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for Xerox Capital Trust I, the Trust. The underlying securities of the CorTS trust are the 8% Series B Capital Securities due 2/01/2027 issued by Xerox Capital Trust I and guaranteed by Xerox Corp. (NYSE: XRX). The assets of the underlying capital securities trust are the 8% Series B Junior Subordinated Deferrable Interest Debentures due 2/01/2027 which were purchased from Xerox Corp. using the funds from the sale of the Capital Securities. The CorTS certificates will pay 8.00% ($2.00) dividends semiannually on 2/1 & 8/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 2/01/2007 at $25.61275 per share which declines to $25 per share on 2/01/2017 (see redemption premium schedule on page S-13 of the prospectus) plus accrued and unpaid dividends. The issuer has the right, at any time, to defer interest payments for up to 10 consecutive semiannual periods. The certificates must be rated at least A2 by Moody's and BBB+ by S&P to be issued. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. See the IPO prospectus for further information on the CorTS Certificates by clicking on the ‘Link to IPO Prospectus’ provided below. Structured Products Corp. is an indirect, wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., formerly Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).
    Stock
    Exchange
    Cpn Rate
    Ann Amt
    LiqPref
    CallPrice
    Call Date
    Matur Date
    Moodys/S&P
    Dated
    Distribution Dates 15%
    Tax Rate
    NYSE
    Chart
    8.00%
    $2.00
    $25.00
    $25.37
    Called for
    5/23/2011

    2/01/2027
    Baa3 BB
    3/22/2011
    2/1 & 8/1
    Click for MW ExDiv Date
    Click for Yahoo ExDiv Date
    No

    Go to Parent Company's Record (XRX)

    IPO - 10/20/1999 - 1.08 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
    Market Value $18.6 Million

    Company's Online Information Links
    Home Page:   We know of no Home Page for this company.

    Company's Online SEC EDGAR Filings
    Company's SEC EDGAR Filings Go to SEC Filings

    Address and Phone Numbers
    Address:   388 Greenwich Street, New York, NY 10013
    Main Phone Number 212-816-7496
    Fax Number Not Available

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