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Structured Products CorTS, J.C. Penney Debs, 7 5/8% Certificates
Ticker Symbol: COTRP     CUSIP: 220803100     Exchange: OTOTC
Security Type:   Third Party Trust Preferred
* NOTE: This security has been delisted at the request of the issuer and is no longer trading
but to our knowledge is still paying distributions to holders.
The security may start trading on the Other OTC market but to date it has not (to our knowledge).

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7 5/8% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for J.C. Penney Debentures, the Trust. The underlying securities are the 7 5/8% Debentures due 3/01/2097 issued by J.C. Penney Co. Inc. (NYSE: JCP). The CorTS certificates will pay 7 5/8% per annum interest semiannually on 3/1 & 9/1 to holders of record on dates not specified in the prospectus. The CorTS are redeemable any time at the underlying issuer's option at $25 plus the sum of the present value of the remaining scheduled payments (see prospectus for details) plus accrued and unpaid interest which appears to make the actual redemption of these securities unlikely prior to the maturity date. 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 A3 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
Delisted
7.63%
$1.91
$25.00
$25.00
Noncallable
3/01/2097
WR WR
4/16/2023
Suspended!
3/1 & 9/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (JCPNQ*)

Notes:  June 04, 2020 -- The New York Stock Exchange ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of the CorTS Trust For J.C. Penney Debentures, Corporate-Backed Trust Securities (CorTS) Certificates (the 'Certificates') of Structured Products Corp. (the 'Company') from listing and registration on the Exchange at the opening of business on June 15, 2020, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Certificates are no longer suitable for continued listing and trading on the Exchange. The Exchange reached its decision pursuant to Section 802.01D of the Listed Company Manual (the "Manual) based on J. C. Penney Company, Inc.'s May 15, 2020 announcement that it had filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.

IPO - 5/20/1999 - 4.00 Million Certificates @ $25.00 /cert.    Link to IPO Prospectus
Previous Ticker Symbol: KTP    Changed: 6/04/2020
Market Value $ 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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