Synthetic Fixed-Income Sec STRATS 2006-03, Float Rate Allstate Corp. (GJT)
NYSE · Preferred · CUSIP 86310N202
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Security Details

Coupon Rate
—
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
—
Maturity Date
4/1/2036
Distribution Period
M
Rate Type
FixFloat
Annual Distribution
Distribution Dates
1st day of each month.
Credit Ratings
Moody's NF · S&P NF (6/15/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Third Party Trust Preferred »
CUSIP
86310N202
Market Cap
Micro Cap
IPO
4/27/2006 · $25.00/share
Previous Symbol
GJS
Parent Company
Allstate Corp. (ALL)
Business: Synthetic Fixed-Income Securities Inc., Floating Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2006-3, STRATS Trust for Allstate Corp. Securities, price to the public $25 per certificate. The underlying securities are the 5.95% Notes due 4/1/2036 issued by the Allstate Corp. (NYSE: ALL). The certificates pay a fixed rate of 8% per annum until the distribution date in May 2007 and then will pay floating rate distributions monthly on the 1st 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 weekly average of the three-month Treasury Bill rate plus 0.80% and are subject to a maximum interest rate of 8.00%. The underlying notes are subject to early redemption any time if the underlying security issuer redeems the underlying notes or if they cease to or fail to file periodic reports with the SEC. Certificate ratings at the IPO were A+ by S&P. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation. For further information on the STRATS Trust Certificates, their interest rate calculations, and their redemption provisions 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
Bryant Owens · 212-214-6277
SEC EDGAR Filings
View filings »