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Lehman ABS Corp Bkd Trust Certs 2003-09, 6.75% CIT Cap Trust I
Ticker Symbol: JZZ* CUSIP: 21988G247 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/10/2007
Security has been Called for: Tuesday, April 10, 2007
April 4, 2007 -- On April 10, 2007, the Corporate Backed Trust Certificates, CIT Capital Trust I Securities-Backed Series 2003-9 Trust Class A-1 Certificates issued by Corporate Backed Trust Certificates, CIT Capital Trust I Securities-Backed Series 2003-9 Trust will be redeemed. This redemption is a result of a call on the sole asset of the 2003-9 Trust, $25,000,000 CIT Capital Trust I 7.70% Preferred Capital Securities due February 15, 2027 CUSIP 125563AC0*. As a result of this redemption, certificateholders will be entitled to receive $25.25781250 per Class A-1 Certificate, representing both principal and accrued interest on the Class A-1 Certificates in connection with the call of the Underlying Securities. This press release is being issued by U.S. Bank Trust National Association as trustee on behalf of the 2003-9 Trust. For more information about these redemptions, please contact David Kolibachuk of U.S. Bank Trust National Association at 212-361-2459.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman ABS Corp., 6.75% Corporate Backed Trust Certificates, CIT Capital Trust I Securities-Backed Series 2003-9, Class A-1, price to the public $25 per certificate. Underlying securities are the 7.70% Preferred Capital Securities due 2/15/2027 issued by CIT Capital Trust I, a wholly-owned subsidiary of CIT Group Inc. (NYSE: CIT). The certificates pay 6.75% ($1.6875) per annum distributions semiannually on 2/15 & 8/15 to holders of record one day prior to the payment date. Certificates are callable at the option of the call warrant holder on or after 2/15/2007 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB+ by S&P and A3 by Moody's. The underlying securities 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). 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 (CIT*)
IPO - 3/31/2003 - 1.00 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $25.0 Million
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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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