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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): June 14, 1999
Banc One ABS Corporation
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 333-59845 31-1467431
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(STATE OR OTHER JURISDICTION (COMMISSION) (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
100 East Broad Street, Columbus, Ohio 43271-1038
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Registrant's telephone number, including area code (614) 248-5800
Not Applicable
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Exhibit Index Located on Page 5
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ITEM 5. OTHER EVENTS.
In June 1999, the Registrant will cause the issuance and sale of
approximately $500,000,000 initial principal amount of a single class of HELOC
Asset-Backed Certificates, Series 1999-1 (the "Certificates"), pursuant to a
Pooling and Servicing Agreement to be dated as of May 31, 1999, among the
Registrant, Bank One, N.A., as Servicer, and The Bank of New York, as Trustee.
In connection with the sale of the Certificates, the Registrant has been advised
by Banc One Capital Markets, Inc., Morgan Stanley & Co. Incorporated and
Bear, Stearns & Co. Inc. (together, the "Underwriters"), that the Underwriters
have furnished to prospective investors certain written descriptions of the
securities to be offered that set forth the name of the issuer, the size of the
potential offering, the structure of the potential offering (e.g. interest
rate) and miscellaneous similar items (the "Structural Term Sheets") with
respect to the Certificates following the effective date of Registration
Statement No. 333-59845, but prior to the availability of a final Prospectus
relating to the Certificates. In connection with the sale of the Certificates,
the Registrant also has been informed by the Underwriters that the Underwriters
have furnished to prospective investors certain descriptive information
regarding the mortgage loans (the "Mortgage Loans") underlying the Certificates
that set forth the number of Mortgage Loans, the principal balance of the
Mortgage Loans, information regarding the mortgage rates thereon and
miscellaneous similar items (the "Collateral Term Sheets") following the
effective date of Registration Statement No. 333-59845 but prior to the
availability of a final Prospectus relating to the Certificates. The
Structural Term Sheets and Collateral Term Sheets are being filed as an exhibit
to this report.
The Structural Term Sheets and Collateral Term Sheets attached hereto
have been provided by the Underwriters. The information in the Structural Term
Sheets and Collateral Term Sheets is preliminary and may be superseded by the
Prospectus Supplement relating to the Certificates and by any other information
subsequently filed with the Securities and Exchange Commission.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(a) Financial Statements of Businesses Acquired.
Not applicable
(b) Pro Forma Financial Information.
Not applicable
(c) Exhibits.
99.1 Structural Term Sheets and Collateral Term Sheets prepared by the
Underwriters in connection with the sale of the Certificates of
the Registrant.
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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 thereunto duly authorized.
BANC ONE ABS CORPORATION, Registrant
By: /s/ Daniel A. Long, Jr.
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Name: Daniel A. Long, Jr.
Title: Vice President
Dated: June 16, 1999
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INDEX OF EXHIBITS
Exhibit Description
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99.1 Structural Term Sheets and Collateral Term Sheets
prepared by the Underwriters in connection with the
sale of the Certificates of the Registrant.
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