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Lehman ABS Corp Bkd Trust Certs 2003-12, 5.80% Goldman Sachs
Ticker Symbol: JZS*     CUSIP: 21988G239     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 12/05/2012

Security has been Called for:  Wednesday, December 5, 2012

Notice of Conditional Full Redemption of Corporate Backed Trust Certificates, Goldman Sachs Group Note-Backed Series 2003-12 Trust 500,000 (@ $25 Par = $12,500,000 Principal Amount) Class A-1 Certificates due February 15, 2033 CUSIP No. 21988G239* (NYSE Listing JZS) $12,500,000 Notional Amount Class A-2 Certificates Due February 15, 2033 CUSIP No. 21988GCS3* -- 11/29/12 -- 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, in respect to the Trust, dated August 7, 2003 and the Warrant Agent Agreement, dated as of August 7, 2003, among the Depositor the Trustee and U.S. Bank as warrant agent, that certain Call Warrant Holders have exercised their rights to purchase of an aggregate principal amount of $12,500,000 A-1 Corporate Backed Trust Certificates (NYSE: JZS) and an aggregate notional amount of $12,500,000 principal amount Class A-2 Corporate Backed Trust Certificates on December 5, 2012 each at the related Call Price, and effect an Optional Exchange for $12,500,000 face amount of the Goldman Sachs Group 6.125% due February 15, 2033 CUSIP 38141GCU6* 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 500,000 Class A-1 Certificates and $12,500,000 principal amount Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.443056 accrued interest to the Redemption Date per Class A-1 Certificate and $35.8525152 interest per $1,000 stated notional amount Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $13,169,684.22, consisting of $12,500,000.00 principal and $221,527.78 accrued interest on the Class A-1 Certificates and $448,156.44 interest on the $12,500,000 notional amount 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 interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Certificates selected for redemption will continue to accrue interest as if no exercise notice had been given and (ii) these and other Call Warrant Holders may elect to deliver a conditional notices 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.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 5.80% Corporate Backed Trust Certificates, Goldman Sachs Group Note-Backed Series 2003-12, Class A-1, price to the public $25 per certificate. Underlying securities are the 6.125% Notes due 2/15/2033 issued by The Goldman Sachs Group, Inc. (NYSE: GS). The certificates pay 5.80% ($1.45) 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 8/07/2008 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were A+ by S&P and Aa3 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.80%
$1.45
$25.00
$25.00
Called for
12/05/2012

2/15/2033
A3 A-
8/06/2012
2/15 & 8/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (GS)

IPO - 8/6/2003 - 1.00 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $25.0 Million

Company's Online Information Links
HOME PAGE:     http://www.lehman.com/

(This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC 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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