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Structured Products CorTS, Verizon Global Fund Notes, 7.375% Certificates
Ticker Symbol: KVL*     CUSIP: 22082F200     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 10/09/2007

Security has been Called for:  Tuesday, October 9, 2007

September 26, 2007 -- Class A CUSIP: 22082F200 -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2002-8 dated as of June 28, 2002, with Structured Products Corp. and the Trustee, has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on October 9, 2007. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE 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 Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the Redemption Date, then the Class A Certificates issued by the CorTS Trust For Verizon Global Funding Notes will be redeemed in full on the Redemption Date at a price of $25 per Class A Certificate plus $0.655555 accrued interest to the Redemption Date per Class A Certificate and the Class B Certificates will be redeemed in full at a price of $1.333333 per $1,000 Notional Amount of Class B Certificates. If the certificates are redeemed, no interest will accrue on the certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) certificates issued by the CorTS Trust for Verizon Global Funding Notes will not be redeemed and will continue to accrue distributions 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. Contact: For more information about these redemptions: U.S. Bank Trust National Association Janet O'Hara, 212-361-2527

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.375% CorTS (Corporate-Backed Trust Securities) Class A Certificates, principal amount $25 per certificate, issued by CorTS Trust for Verizon Global Funding Notes, the Trust. The underlying securities are the 7.75% Notes due 12/01/2030 issued by Verizon Global Funding Corp., a wholly-owned subsidiary of Verizon Communications Inc. (NYSE: VZ). The CorTS certificates will pay 7.375% ($1.84375) per annum interest semiannually on 6/1 & 12/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 6/28/2007 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 A1 (on watch for possible downgrade) by Moody's and A+ CreditWatch Negative 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
7.38%
$1.84375
$25.00
$25.00
Called for
10/09/2007

12/01/2030
A3 A+
12/29/2005
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (VZ)

IPO - 7/1/2002 - 3.35 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Market Value $83.2 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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