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Lehman ABS Corp Bkd Trust Certs 2004-06, Floating Rate Goldman Sachs Cap I
Ticker Symbol: JBK CUSIP: 21988K859 Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: Lehman ABS Corp., Floating Rate Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6, Class A-1, price to the public $25 per certificate. The underlying securities are the 6.345% Capital Securities due 2/15/2034 issued by Goldman Sachs Capital I, a subsidiary of Goldman Sachs Group Inc. (NYSE: GS) and an interest rate swap between the trust and Lehman Brothers Special Financing Inc. The certificates pay an initial interest rate of 3.50% ($0.875) per annum distributions through the distribution date in May 2004 paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). After May 2004, the floating interest rate will be equal to the three-Month LIBOR plus 0.75% and will be equal to or greater than 3.50% but not greater than 7.50%. Following the occurrence of any Swap Agreement Termination Event that is not also a Trust Termination Event, distributions will be made on the Distribution Dates in February and August. The certificates are exchangeable on or after 3/19/2006 under a very complicated formula which involve a swap agreement and that should be studied in the prospectus by any potential investor. Certificate ratings at the IPO were A- by S&P and A1 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 (GS)
Notes: Jan. 14, 2019 -- Origen Phoenix LLC has commenced a cash tender offer for any and all outstanding Corporate-Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 (CUSIP No. 21988K859) (NYSE symbol JBK) as described below. The terms and conditions of the Tender Offer are described in the Purchaser's Offer to Purchase dated January 8, 2019 and the related Letter of Transmittal. The Tender Offer will expire at 5:00p.m. EST, on February 8, 2019 unless extended or earlier terminated. Holders who validly tender (and who do not validly withdraw) their Certificates prior to the Expiration Time will be entitled to receive $25.25 for each $25.00 principal amount of Certificates. Holders will not receive any accrued and unpaid interest on their Certificates that are accepted for purchase in the Tender Offer. The Tender Offer is subject to the conditions in the Offer to Purchase and the Letter of Transmittal. Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Certificates purchased in the Tender Offer will be made promptly after the Expiration Time which is expected to be on or about February 8, 2019. ____________ July 10, 2018 -- Origen Phoenix LLC has commenced a cash tender offer for any and all outstanding Corporate-Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 (CUSIP No. 21988K859) (NYSE symbol JBK). The terms and conditions of the Tender Offer are described in the Purchaser's Offer to Purchase dated July 2, 2018 and the related Letter of Transmittal. The Tender Offer will expire at 5:00p.m. EST, on August 2, 2018 unless extended or earlier terminated. Holders who validly tender (and who do not validly withdraw) their Certificates prior to the Expiration Time will be entitled to receive $26.50 for each $25.00 principal amount of Certificates. Holders will not receive any accrued and unpaid interest on their Certificates that are accepted for purchase in the Tender Offer. The Tender Offer is subject to the conditions in the Offer to Purchase and the Letter of Transmittal. Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Certificates purchased in the Tender Offer will be made promptly after the Expiration Time which is expected to be on or about August 6, 2018.
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IPO - 3/18/2004 - 1.00 Million Certificates @ $25.00 /cert.
Link to IPO Prospectus
Market Value $25.0 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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