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Synthetic Fixed-Income Sec STRATS 2006-03, Float Rate Allstate Corp.
Ticker Symbol: GJT CUSIP: 86310N202 Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: 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.
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Go to Parent Company's Record (ALL)
IPO - 4/27/2006 - 1.40 Million Certificates @ $25.00 /cert.
Link to IPO Prospectus
Previous Ticker Symbol: GJS
Market Value $35.0 Million
Company's Online Information Links
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HOME PAGE:
https://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 (Treasurer)
Bryant Owens
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212-214-6277
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