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Structured Products CorTS, BellSouth Debentures 7.00% Certificates Due 12/1/2095
Ticker Symbol: KTBA CUSIP: 22080E205 Exchange: OTOTC
QUANTUMONLINE.COM SECURITY DESCRIPTION: Structured Products Corp., 7.00% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for BellSouth Debentures, the Trust. The underlying securities are the BellSouth Telecommunications Inc. One Hundred Year 7% Debentures due 12/01/2095. The underlying securities are the 7% One Hundred Year Debentures due 12/01/2095 issued by BellSouth Telecommunications Inc., a subsidiary of BellSouth Corp. (NYSE: BLS). The CorTS certificates will pay 7.00% per annum interest semiannually on 6/1 & 12/1. The CorTS certificates are not redeemable. 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 Aaa 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 Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).
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Go to Parent Company's Record (T)
Notes: 2/15/2007 -- From a QOL user - I have called the US Bank rep leaving a voice mail. She just called back saying that she was not in the office today but that this issue has not been called and agreed that it was not callable and will be traded in the over the counter market. __________ February 12, 2007 -- CorTS Trust For BellSouth Debentures (New York Stock Exchange Ticker Symbol KTB), announced today its intention to seek approval from the New York Stock Exchange and the Securities and Exchange Commission to terminate and strike from listing and registration on the Exchange the CorTS Trust For BellSouth Debentures, Corporate-Backed Trust Securities (CorTS) Certificates. On January 9, 2007, the Exchange filed with Commission a notice that it has complied with its rules to strike all classes of bonds of BellSouth Corporation and / or its predecessor or co-obligor subsidiaries BellSouth Telecommunications, Inc. and BellSouth Capital Funding Corporation from listing and registration on the Exchange. The Exchange subsequently delisted such securities and on January 24, 2007, BellSouth Telecommunications, Inc. filed a Form 15 with the Commission to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended. As a result of such termination of reporting by BellSouth Corporation and BellSouth Telecommunications, Inc., it will not be possible to continue the listing of the CorTS Certificates identified above on the Exchange. Contact: US. Bank Trust National Association, Janet O’Hara, 212-361-2527
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IPO - 6/10/1999 - 2.00 Million Certificates @ $25.00 /cert.
Link to IPO Prospectus
Previous Ticker Symbol: KTB Changed: 2/23/2007
Market Value $ Million
Click for current KTBA price quote from the PINK SHEETS
Click for current KTBA price quote from the NASDAQ
Company's Online Information Links
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Home Page: We know of no Home Page for this company. |
Company's Online SEC EDGAR 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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