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Lehman ABS Corp Bkd Trust Certs 2004-04, 6.00% Goldman Sachs Cap I
Ticker Symbol: JZC* CUSIP: 21988K875 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/22/2014
Security has been Called for: Tuesday, July 22, 2014
July 30, 2014 -- NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Goldman Sachs Capital I Securities-Backed Series 2004-4, dated as of February 25, 2004, as amended in respect of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust, that certain Call Warrant Holders have exercised their rights to purchase the remaining 429,000 total outstanding Class A-1 Corporate Backed Trust Certificates (NYSE: JZC) and $461,200.00 Initial ($395,015.00 Current) Amortizing Notional Balance total outstanding Class A-2 Corporate Backed Trust Certificates on July 22, 2014 each at the related Call Price, and effect an Optional Exchange for the $10,725,000.00 face amount Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034 CUSIP 38143VAA7* held as the Underlying Securities by the Trust. "> ____________ April 10, 2014 -- NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Goldman Sachs Capital I Securities-Backed Series 2004-4, dated as of February 25, 2004, as amended in respect of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust, that certain Call Warrant Holders have exercised their rights to purchase 1,200,000 of the 3,800,000 total outstanding Class A-1 Corporate Backed Trust Certificates (NYSE: JZC) and $1,290,300.00 Initial ($1,105,138.00 Current) Amortizing Notional Balance of the total outstanding $4,085,875.00 Initial ($3,499,538.00 Current) Amortizing Notional Balance Class A-2 Corporate Backed Trust Certificates on April 15, 2014 each at the related Call Price, and effect an Optional Exchange for $30,000,000.00 face amount of the total $95,000,000.00 face amount Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034 CUSIP 38143VAA7* held as the Underlying Securities by the Trust. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,200,000 Class A-1 Certificates and $1,290,300.00 Initial ($1,105,138.00 Current) Amortizing Notional Balance Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.25000000 accrued interest to the Redemption Date per Class A-1 Certificate and $866.48940556 interest per $1,000 stated Initial Amortizing Notional Balance Class A-2 Certificate. The total payment of the Redemption Amount on the Certificates will be $31,418,031.28, consisting of $30,000,000.00 principal and $300,000.00 accrued interest on the Class A-1 Certificates and $1,118,031.28 interest on the $1,290,300.00 Initial ($1,105,138.00 Current) Amortizing Notional Balance Class A-2 Certificates selected for redemption. The Class A-2 Certificates are interest-only Certificates and will not receive payment of principal, but the total outstanding Amortizing Notional Balance of Class A-2 Certificates will be reduced by the $1,290,300.00 Initial ($1,105,138.00 Current) Amortizing Notional Balance selected for redemption. No further interest or principal will accrue after the Redemption Date on the Certificates selected for redemption. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest 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. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802. ____________ May 6, 2013 - NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Goldman Sachs Capital I Securities-Backed Series 2004-4, dated as of April 30, 2004 in respect of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-7 Trust, dated as of February 25, 2004, as amended in respect of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust, that certain Call Warrant Holders have exercised their rights to purchase 400,000 of the 4,200,000 total outstanding Class A-1 Corporate Backed Trust Certificates (NYSE: JZC) and $430,125.00 Initial ($376,677.80 Current) Amortizing Notional Balance of the total outstanding $4,516,000.00 Initial ($3,954,843.15 Current) Amortizing Notional Balance Class A-2 Corporate Backed Trust Certificates on May 9, 2013 each at the related Call Price, and effect an Optional Exchange for $10,000,000.00 face amount of the total $105,000,000.00 face amount Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034 CUSIP 38143VAA7* held as the Underlying Securities by the Trust. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 400,000 Class A-1 Certificates and $430,125.00 Initial ($376,677.79 Current) Amortizing Notional Balance Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.35000000 accrued interest to the Redemption Date per Class A-1 Certificate and $890.04403371 interest per $1,000 stated Initial Amortizing Notional Balance Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $10,421,408.36, consisting of $10,000,000.00 principal and $140,000.00 accrued interest on the Class A-1 Certificates and $382,830.19 interest on the $430,125.00 Initial ($376,677.79 Current) Amortizing Notional Balance Class A-2 Certificates (the "Redemption Amount") selected for redemption. The Class A-2 Certificates are interest-only Certificates and will not receive payment of principal. No further interest or principal will accrue after the Redemption Date on the Certificates selected for redemption. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest 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. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman ABS Corp., 6.00% Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-4, Class A-1, price to the public $25 per certificate. The underlying securities are the 6.345% Capital Securities due 2/15/2034 issued by Goldman Sachs Capital I, a subsidiary of Goldman Sachs Group Inc. (NYSE: GS). The certificates pay 6.00% ($1.50) per annum distributions semiannually on 2/15 & 8/15 to holders of record on the day immediately preceding the payment date. Certificates are callable at the option of the call warrant holder on or after 2/25/2009 at $25 per certificate plus accrued and unpaid interest. The security issuer has the right, at any time, to defer interest payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). Certificate ratings at the IPO were A- by S&P and A1 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. (NYSE: LEH). For further information on the Corporate Backed 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 (GS)
IPO - 3/9/2004 - 4.20 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $105.0 Million
Company's Online Information Links
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HOME PAGE:
http://www.lehman.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: 200 Vesey Street, 24th Floor, New York, NY 10285 |
Main Phone Number |
212-526-7000 |
Fax Number |
212-526-3738 |
Toll Free Phone Number |
800-666-2388 |
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