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Lehman ABS Corp Bkd Trust Certs 2002-18, 6.25% Bristol-Myers Squibb
Ticker Symbol: XFR* CUSIP: 21988G346 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/19/2013
Security has been Called for: Tuesday, November 19, 2013
Nov 13, 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, in respect to the Trust, dated as of October 29, 2002 (the Series Supplement and together with the Standard Terms, the Trust Agreement) that certain Warrant Holder(s) have exercised their rights to purchase all of the 1,007,200 outstanding ($25,180,000 principal amount) Class A-1 Certificates (NYSE: XFR), $25,180,000 Notional Amount outstanding Class A-2A Certificates and $25,180,000 Notional Amount outstanding Class A-2B Certificates on November 19, 2013 (the Call Date and Redemption Date) each at the related Call Price, and effect an Optional Exchange for the $25,180,000 principal amount Underlying Securities held by the Trust. If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,007,200 Class A-1 Certificates, $25,180,000 Notional Amount Class A-2A Certificates and $25,180,000 Notional Amount Class A-2B Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.468750000 accrued interest to the Redemption Date per Class A-1 Certificate, $70.959662431 interest per $1,000 stated Notional Amount Class A-2A Certificate, and $7.724926529 interest per $1,000 stated Notional Amount Class A-2B Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $27,633,402.95, consisting of $25,180,000.00 principal and $472,125.00 accrued interest on the Class A-1 Certificates, $1,786,764.30 interest on the $25,180,000 Notional Amount Class A-2A Certificates and $194,513.65 interest on the $25,180,000 Notional Amount Class A-2B Certificates (the Redemption Amount) selected for redemption. The Class A-2A and Class A-2B 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 selected for redemption will continue to accrue interest as if no exercise notice had been given and (ii) these and other Warrant Holders may elect to deliver a conditional notice of exercise in the future. For more information about this redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman ABS Corp., 6.25% Corporate Backed Trust Certificates, Bristol-Myers Squibb Debenture-Backed Series 2002-18, Class A-1, price to the public $25 per certificate. Underlying securities are the 6.875% Debentures due 8/01/2097 issued by Bristol-Myers Squibb Co. (NYSE: BMY). The certificates pay 6.25% ($1.5625) per annum distributions semiannually on 2/1 & 8/1 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 10/31/2007 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were AA by S&P and Aa2 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 (BMY)
IPO - 10/31/2002 - 1.01 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $25.5 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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