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MS Structured Asset SATURNS 2004-02, 5.75% Goldman Sachs
Ticker Symbol: HJG* CUSIP: 80411U207 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/07/2012
Security has been Called for: Friday, August 17, 2012
August 2, 2012 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Group Inc. Debenture Backed Series 2004-2 (New York Stock Exchange Ticker Symbol “HJG”), announced today that it has received a notice of intent to acquire a combined Unit Principal Balance of 30,000,000 Class A Units and the equivalent Notional Amount of Class B Units held by the Trust, on August 17, 2012. The Warrants with respect to which the notice of intended exercise has been received represent 100% of the outstanding Bonds held by the Trust. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrant has not paid the required call price, the Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, then Class A Unitholders will receive the par value plus accrued interest of each Class A Unit and Class B Unitholders will receive accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement. ____________ October 20, 2010 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Group Inc. Debenture Backed Series 2004-2 (New York Stock Exchange Ticker Symbol “HJG”), announced today that it has received a notice of intent to acquire a combined Unit Principal Balance of 30,000,000 Class A Units and the equivalent Notional Amount of Class B Units (the “Bonds”) held by the Trust, on November 4, 2010. The Warrants with respect to which the notice of intended exercise has been received represent 50% of the outstanding Bonds held by the Trust. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrant has not paid the required call price, the Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, then Class A Unitholders will receive the par value ($25) plus accrued interest of each Class A Unit and Class B Unitholders will receive accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), Goldman Sachs Group Inc. Debenture Backed, Series 2004-2, 5.75% Class A Callable Units, issued in $25 denominations. Underlying securities are the 6.125% Debentures due 2/15/2033 issued by Goldman Sachs Group Inc. (NYSE: GS). Distributions of 5.75% ($1.4375) per annum are paid semi-annually on 2/15 & 8/15 to holders of record on the third business day prior to the payment date. On or after 2/11/2009 the units may be redeemed under the call rights of the swap agreement for $25 plus accrued and unpaid interest. To be issued the units must be assigned a rating of at least BBB- by S&P and Baa3 by Moody's. 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. On 11/8/02 MSDW Structured Asset Corp. changed their name to MS Structured Asset Corp. MS Structured Asset Corp. is a subsidiary of Morgan Stanley (NYSE: MS). See the IPO prospectus for further information on the SATURNS by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GS)
IPO - 2/5/2004 - 2.40 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $60.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: 1585 Broadway, New York, NY 10036 |
Main Phone Number |
212-761-4000 |
Fax Number |
Not Available |
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