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Structured Products CorTS, Bristol-Myers Squibb Deb, 6.80% Certificates
Ticker Symbol: KNR*     CUSIP: 22082B209     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 12/20/2012

Security has been Called for:  Thursday, December 20, 2012

12/5/2012 -- Conditional Notice of Call Warrant Exercise on Term Assets: CorTS Trust for Bristol-Myers Squibb Debentures. Class A CUSIP: 22082B209* Class B CUSIP: 22082BAA8 * -- U.S. Bank Trust National Association serves as trustee for the above-referenced Trust formed pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2002-4, dated as of May 23, 2002 by and between Structured Products Corporation and the Trustee. The assets of the Trust include the following securities: 6.875% Debentures due August 1, 2097 CUSIP No. 110122AC2 issued by Bristol-Myers Squibb Company On December 4, 2012 the Warrantholder gave notice to the Trustee of its intent to exercise all Call Warrants for the purchase of all of the Term Assets held by the Trust, and agrees to make payment equal to the sum of the principal amount of the Term Assets being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid interest to and including the Warrant Exercise Date, determined to be Thursday, December 20, 2012. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE WARRANT EXERCISE DATE. On the Redemption Date, if the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time), then (i) $54,500,000 Class A Certificates will be redeemed at a price of $25.00 per Class A Certificate plus accrued interest of $0.656389 per Class A Certificate to the Redemption Date and (ii) holders of Class B Certificates will receive a final payment of accrued interest of $0.289583 per $1,000 Class B Certificate. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and will continue to accrue distributions as if no exercise notice had been given and (ii) the Warrantholder may elect to deliver a partial or full conditional notice of exercise in the future.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 6.80% CorTS (Corporate-Backed Trust Securities) Class A Certificates, principal amount $25 per certificate, issued by CorTS Trust for Bristol-Myers Squibb Debentures, the Trust. The underlying securities are the 6.875% Debentures due 8/31/2097 issued by Bristol-Myers Squibb Co. (NYSE: BMY). The CorTS certificates will pay 6.80% ($1.70) per annum interest semiannually on 2/1 & 8/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 5/23/2007 under the call warrants at $25 per share plus accrued and unpaid interest. 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. The certificates must be rated at least Aa2 by Moody's and AAA by S&P to be issued. See the IPO prospectus for further information on the CorTS Certificates by clicking on the ‘Link to IPO Prospectus’ provided below. Structured Products Corp. is an indirect, wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., formerly Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.80%
$1.70
$25.00
$25.00
Called for
12/20/2012

8/01/2097
A2 A+
11/16/2012
2/1 & 8/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (BMY)

IPO - 6/3/2002 - 2.18 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $54.1 Million

Company's Online Information Links
Home Page:   We know of no Home Page for this company.

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

Address and Phone Numbers
Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number 212-816-7496
Fax Number Not Available

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