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Security Details
- Coupon Rate
- —
- Liquidation Preference
- $25.00
- Call Price
- —
- Call / Redemption Date
- —
- Maturity Date
- 2/15/2030
- Distribution Period
- M
- Rate Type
- Variable
- Annual Distribution
- —
- Distribution Dates
- 15th day of each month
- Credit Ratings
- Moody's NF · S&P NR (8/15/2024)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 86312E200
- Market Cap
- Micro Cap
- IPO
- 10/6/2005 · $25.00/share
- Parent Company
- Wal-Mart Stores, Inc. (WMT)
Business: Synthetic Fixed-Income Securities Inc., Floating Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2005-4, STRATS Trust for Wal-Mart Stores Inc., price to the public $25 per certificate. The underlying securities are the 7.55% Notes due 2/15/2030 issued by Wal-Mart Stores Inc. (NYSE: WMT). The certificates pay floating rate distributions monthly on the 15th of each month to holders of record on the business day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The floating interest rate of the certificates will adjust for each distribution date and will be based on the three-month LIBOR rate plus 0.50% and subject to a maximum rate of 7.50%. The underlying notes are subject to early redemption if the underlying security issuer ceases to or fails to file periodic reports with the SEC. Certificate ratings at the IPO were Aa2 by Moody's & AA by S&P. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation. For further information on the STRATS Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.
Company Contact
- Headquarters
- Wells Fargo Securities, 375 Park Avenue, New York, NY 10152
- Phone
- 212-214-6277
- Investor Relations
- William Threadgill · 212-214-6277