Structured Products Corp Corts TR for Peco Energy Cap TR III (KTH)
Filed: 10 Nov 04, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 31, 2004
Structured Products Corp.
(Exact name of registrant as specified in its charter)
Delaware 001-32089 13-3692801
-------- --------- ----------
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
388 Greenwich Street, New York, New York 10013
--------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 816-7496.
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act
(17CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17CFR 240.13e-4(c))
1
Section 8- Other Events
Item 8.01 Other Events.
This current report on Form 8-K relates to a distribution made to
holders of the Certificates issued by the CorTS Trust for PECO Energy
Capital Trust III.
The issuer of the underlying securities, or guarantor thereof, or
successor thereto, as applicable, is subject to the information
reporting requirements of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). Periodic reports and other information
required to be filed pursuant to the Exchange Act, by the issuer of
the underlying securities, or guarantor thereof, or successor thereto,
as applicable, may be inspected and copied at the public reference
facilities maintained by the Securities and Exchange Commission (the
"Commission") at 450 Fifth Street, N.W., Washington, D.C. 20549. The
Commission also maintains a site on the World Wide Web at
"http://www.sec.gov" at which users can view and download copies of
reports, proxy and information statements and other information filed
electronically through the Electronic Data Gathering, Analysis and
Retrieval system. Neither Structured Products Corp. nor the trustee
has participated in the preparation of such reporting documents, or
made any due diligence investigation with respect to the information
provided therein. Neither Structured Products Corp. nor the trustee
has verified the accuracy or completeness of such documents or
reports. There can be no assurance that events affecting the issuer of
the underlying securities, or guarantor thereof, or successor thereto,
as applicable, or the underlying securities have not occurred or have
not yet been publicly disclosed which would affect the accuracy or
completeness of the publicly available documents described above.
Section 9- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
1. Trustee's Report with respect to the October 31, 2004
Distribution Date for the CorTS Trust for PECO Energy Capital
Trust III
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
By: /s/ Mark C. Graham
Name: Mark C. Graham
Title: Authorized Signatory
October 31, 2004
3
EXHIBIT INDEX
Exhibit Page
1 Trustee's Report with respect to the October 31, 2004
Distribution Date for the CorTS Trust for PECO Energy
Capital Trust III 5
4
Exhibit 1
To the Holders of:
CorTS Trust for PECO Energy Capital Trust III
8% Corporate-Backed Trust Securities (CorTS) Certificates
*CUSIP: 22080R206
U.S. Bank Trust National Association, as Trustee for the CorTS Trust for PECO
Energy Capital Trust III, hereby gives notice with respect to the Distribution
Date of October 31, 2004 (the "Distribution Date") as follows:
1. The amount of the distribution payable to the Certificateholders on the
Distribution Date allocable to principal and premium, if any, and interest,
expressed as a dollar amount per $25 Certificate, is as set forth below:
Principal Interest Total Distribution
$ 0.000000 $ 1.000000 $ 1.000000
2. The amount of aggregate interest due and not paid as of the Distribution
Date is $0.000000.
3. No fees have been paid to the Trustee or any other party from the proceeds
of the Term Assets.
4. $27,500,000 aggregate principal amount of PECO Energy Capital Trust III
7.38% Capital Trust Pass- Through Securities due April 6, 2028 (the "Term
Assets") are held for the above trust.
5. At the close of business on the Distribution Date, 1,014,750 Certificates
representing $25,368,750 aggregate Certificate Principal Balance were
outstanding.
6. The current rating of the Term Assets is not provided in this report.
Ratings can be obtained from Standard & Poor's Ratings Services, a division
of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from
Moody's Investors Service, Inc. by calling 212-553-0377.
U.S. Bank Trust National Association, as Trustee
*The Trustee shall not be held responsible for the selection or use of the CUSIP
number nor is any representation made as to its correctness. It is included
solely for the convenience of the Holders.
5