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Lehman ABS Corp Bkd Trust Certs 2002-07, 8.00% AT&T Wireless
Ticker Symbol: CEW* CUSIP: 21988G452 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/15/2007
Security has been Called for: Thursday, February 15, 2007
A QOL user has informed us that CEW was called from his account on 2/15/2007 instead of the 2/23/2007 we originally showed. __________
Feb. 2, 2007 -- Corporate Backed Trust Certificates, AT&T Wireless Services Note-Backed Series 2002-7 Trust, which was established by Lehman ABS Corporation, today announced that, because of events described in the following paragraph, such trust will be terminated in accordance with the terms of the related trust agreement. Cingular Wireless LLC, predecessor to AT&T Mobility LLC, the co-obligor for the underlying securities of the above-referenced trust, has filed a Form 15 with the Securities and Exchange Commission whereby it elected to suspend its duty to file periodic reports under certain sections of the Securities and Exchange Act of 1934. Under the terms of the trust agreement, such an event requires that the trust be terminated. A later announcement will set forth additional details. Contact: U.S. Bank Trust National Association David Kolibachuk, Corporate Trust Services, 212-361-2459
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman ABS Corp., 8.00% Corporate Backed Trust Certificates, AT&T Wireless Serives Note-Backed Series 2002-7, Class A-1, price to the public $25 per certificate. Underlying securities are the 8.75% Senior Notes due 3/01/2031 issued by AT&T Wireless Services, Inc., now merged into Cingular Wireless LLC, a joint venture between SBC Communications Inc., now AT&T Inc. (NYSE: T) and BellSouth Corp. (NYSE: BLS). The certificates pay 8.00% ($2.00) per annum distributions semiannually on 3/1 & 9/1 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 5/01/2007 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB by S&P and Baa2 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 (T)
IPO - 4/30/2002 - 1.20 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $24.1 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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