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Lehman ABS Corp Bkd Trust Certs 2001-36, 7.55% Ford Motor Co.
Ticker Symbol: XKN*     CUSIP: 21988G551     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 10/23/2012

Security has been Called for:  Wednesday, October 10, 2012

Conditional Redemption of Corporate Backed Trust Certificates Ford Motor Co. Debenture-Backed Series 2001-36 Trust. Class A-1 Certificates (NYSE Listing XKN) CUSIP*: 21988G551; Class A-2 Certificates CUSIP*: 21988GBJ4. 10/03/12 -- U.S. Bank Trust National Association, as Trustee, under 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, Ford Motor Co. Debenture-Backed Series 2001-36 Trust, dated as of November 15, 2001 as supplemented in respect of the Corporate Backed Trust Certificates, Ford Motor Co. Debenture-Backed Series 2001-36 Trust, received notice that the Call Warrants holder has exercised its right to purchase all outstanding Class A-1 (NYSE: XKN) and A-2 Certificates and effect an Optional Exchange for the assets of the Trust on October 10, 2012. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE CALL 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 Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then the certificates issued by the Trust will be redeemed in full on the Redemption Date at a price of $25 principal plus $0.760243056 accrued interest per Class A-1 Certificate and $19.519288730 interest per $1,000 stated notional amount Class A-2 Certificate. The Class A-2 Certificates are interest-only certificates and will not receive payment of principal. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will remain outstanding and continue to accrue interest as if no exercise notice had been given and (ii) the Call Warrants 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. For more information about this conditional redemption, Certificate Holders with questions may contact our Bondholder Services at (800) 934-6802.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 7.55% Corporate Backed Trust Certificates, Series 2001-36, Class A-1, price to the public $25. Underlying securities are the 7.70% Debentures due 5/15/2097 issued by Ford Motor Co. (NYSE: F). The certificates pay 7.55% per annum distributions semiannually on 5/15 & 11/15 to holders of record one day prior to the payment date. Certificates are callable at the option of the call warrant holder on or after 11/15/2006 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB+ by S&P and A3 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.55%
$1.8875
$25.00
$25.00
Called for
10/10/2012

5/15/2097
Baa3 BB+
6/18/2012
5/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (F)

IPO - 11/15/2001 - 1.32 Million Shares @ $25.00/share.    Link to IPO Prospectus
Market Value $32.4 Million

Company's Online Information Links
HOME PAGE:     http://www.lehman.com/

(This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC 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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