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Structured Products CorTS IV, IBM Debentures, 7.00% Certificates
Ticker Symbol: KVM*     CUSIP: 22082G208     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 9/25/2009

Security has been Called for:  Friday, September 25, 2009

September 11, 2009 -- U.S. Bank Trust National Association, as Trustee (the “Trustee”), under the Base Trust Agreement dated as of December 15, 2000, between Structured Products Corp. and the Trustee, as supplemented by the CorTS Supplement 2002-9 dated as of July 12, 2002 has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on September 25, 2009 (the “Redemption Date”). THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE 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 Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the Redemption Date, then (i) the Class A Certificates issued by the CorTS Trust IV for IBM Debentures (the “Trust”) will be redeemed in full on the Redemption Date at a price of $25 per Class A Certificate plus $0.554166 accrued interest to the Redemption Date per Class A Certificate, and (ii) the Class B Certificates will be redeemed in full after payment of $0.395833 accrued interest to the Redemption Date per Class B Certificate. If the Certificates are redeemed, no interest will accrue on the certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) 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 Call Warrant 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 these redemptions, please contact Janet O’Hara of U.S. Bank Trust National Association at 212-361-2527.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.00% CorTS (Corporate-Backed Trust Securities) Class A Certificates, principal amount $25 per certificate, issued by CorTS Trust IV for IBM Debentures, the Trust. The underlying securities are the 7.125% Debentures due 12/01/2096 issued by International Business Machines Corp. (NYSE: IBM). The CorTS certificates will pay 7.00% ($1.75) per annum interest semiannually on 6/1 & 12/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 7/12/2007 under the call warrants at $25 per share plus accrued and unpaid interest. 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. The certificates must be rated at least A1 by Moody's and A+ by S&P to be issued. 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
7.00%
$1.75
$25.00
$25.00
Called for
9/25/2009

12/01/2096
A1 A+
9/13/2009
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (IBM)

IPO - 7/11/2002 - 2.66 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $67.1 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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