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Synthetic Fixed-Income Sec STRATS 2004-03, 5.90% Dominion Resources
Ticker Symbol: GJE* CUSIP: 78478P202 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/13/2011
Security has been Called for: Monday, June 13, 2011
From the form 8-K filed with the SEC on 6/6/2011 -- The STRATS Trust For Dominion Resources Securities, Series 2004-3, which we refer to herein as the “Trust,” was formed pursuant to the Base Trust Agreement, dated as of September 26, 2003, between Synthetic Fixed-Income Securities, Inc., as depositor, and U.S. Bank Trust National Association, as trustee and securities intermediary, as supplemented by the STRATS Certificates Series Supplement 2004-3 in respect of the Trust dated as of February 12, 2004. The Base Trust Agreement as supplemented by the Series Supplement is referred to herein as the “Trust Agreement”. The Warrantholder has given conditional notice to the Trustee that the Warrantholder intends to exercise all Call Warrants for the purchase of all of the Underlying Securities held by the Trust on Monday, June 13, 2011. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE WARRANT EXERCISE 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-1 Certificates issued by the Trust will be redeemed in whole on the Redemption Date at a price of 100% of the Stated Amount of the Class A-1 Certificates to be redeemed plus accrued and unpaid interest to the Redemption Date (a total redemption price of $25.729306 per Class A-1 Certificate to be redeemed; of this $25 represents re-payment of principal and $ 0.729306 represents accrued but unpaid interest) and (ii) the Class A-2 Certificates will be redeemed in whole on the Redemption Date by payment of accrued and unpaid interest on the Notional Amount of the Class A-2 Certificates to be redeemed to the date of redemption, plus the Make Whole Amount (a total redemption price of $97.2202652 per thousand). If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Synthetic Fixed-Income Securities Inc., 5.90% STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2004-3, Class A-1 Certificates, STRATS Trust for Dominion Resources Securities, price to the public $25 per certificate. The underlying securities are the 6.75% Senior Notes, Series E due 12/15/2032 issued by Dominion Resources Inc. (NYSE: D). The certificates pay 5.90% ($1.475) per annum distributions semiannually on 6/15 & 12/15 to holders of record on the business day immediately preceding the payment date. Certificates are callable at the option of the call warrant holder on or after 2/12/2009 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB+ by S&P and Baa1 by Moody's. 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.
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Go to Parent Company's Record (D)
IPO - 2/12/2004 - 1.00 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $25.0 Million
Company's Online Information Links
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HOME PAGE:
http://www.wellsfargo.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: Wells Fargo Securities, 375 Park Avenue, New York, NY 10152 |
Main Phone Number |
212-214-6277 |
Fax Number |
Not Available |
Investor Contact (President)
William Threadgill
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212-214-6277
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