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Structured Products CorTS II, Countrywide Capital I, 8% Certificates
Ticker Symbol: KSJ*     CUSIP: 22080Y201     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 12/15/2006

Security has been Called for:  Friday, December 15, 2006

December 5, 2006 -- NOTICE IS HEREBY GIVEN, pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2001-6 dated as of February 14, 2001, between Structured Products Corp. and U.S. Bank Trust National Association, as Trustee. The Trustee has received notice that Countrywide Capital I has elected to redeem the term assets of the trust on December 15, 2006 at 100.00% of the par value of the term assets. If the Trustee receives the redemption payment on the Redemption Date, then the Certificates issued by the CorTS Trust II for Countrywide Capital I will be redeemed in full on the Redemption Date at a price of $25.00 per Certificate. On December 15, 2006, interest on the certificates will be paid to holders of record in the usual manner. No interest will accrue 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.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 8.0% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust II for Countrywide Capital I, the Trust. The underlying securities of the CorTS trust are the 8% Capital Trust Pass-through Securities due 12/15/2026 issued by Countrywide Capital I and guaranteed by Countrywide Credit Industries Inc., now Countrywide Financial Corp. (NYSE: CFC). The assets of the underlying capital securities trust are the 8% Junior Subordinated Deferrable Interest Debentures due 12/15/2026 which were purchased from Countrywide Home Loans Inc., a subsidiary of Countrywide Credit Industries Inc. using the funds from the sale of the Capital Securities. The CorTS certificates will pay 8% dividends semiannually on 6/15 & 12/15. The CorTS are redeemable on or after 12/15/2006 at $25 per share 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 a3 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 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
$25.00
Called for
12/15/2006

12/15/2026
Baa1 BBB+
2/21/2006
6/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (BAC)

IPO - 2/16/2001 - 3.26 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $81.1 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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