SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(AMENDMENT NO. 1)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: Commission File Number:
December 31, 2002 33-55860/333-57357/333-89080
STRUCTURED PRODUCTS CORP.,
on behalf of
TIERS Corporate Bond-Backed Certificates Trust, Series IBM 1997-4
TIERS Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS Corporate Bond-Backed Certificates Trust APA 1997-8
TIERS Tens Certificates Trust LTR 1998-4
TIERS Corporate Bond-Backed Certificates Trust MOT 1998-5
TIERS Corporate Bond-Backed Certificates Trust C 1998-6
CorTS Trust For J.C. Penney Debentures
CorTS Trust For BellSouth Debentures
CorTS Trust For Xerox Capital Trust I
CorTS Trust For Southern Company Capital Trust I
CorTS Trust For Countrywide Capital I
TIERS Callable Principal-Protected Asset Backed Certificates Trust Series S&P 1999-2
TIERS Principal-Protected Trust Certificates, Series Nasdaq 2000-3
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-7
TIERS Principal-Protected Certificates Trust Series PXT 2000-11
TIERS Principal-Protected Asset Backed Certificates Trust Series Semiconductor 2000-14
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-13
Credit-Enhanced CorTS Trust For Aon Capital A
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2000-15
CorTS Trust For Allstate Financing II
CorTS Trust For PECO Energy Capital Trust III
CorTS Trust For SAFECO Capital Trust I
CorTS Trust For Fleet Capital Trust II
CorTS Trust For First Union Institutional Capital I
CorTS Trust For Provident Financing Trust I
CorTS Trust II For Countrywide Capital I
CorTS Trust For Ford Debentures
CorTS Trust For IBM Debentures
CorTS Trust II For Provident Financing Trust I
CorTS Trust II For BellSouth Debentures
CorTS Trust For Chrysler Debentures
CorTS Trust II For IBM Debentures
CorTS Trust For BellSouth Capital Funding Debentures
CorTS Trust For Sherwin-Williams Debentures
CorTS Trust For U S West Communications Debentures
CorTS Trust II For First Union Capital I
CorTS Trust For Worldcom Notes
CorTS Trust II For Chrysler Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2001-8
CorTS Trust For AFC Capital Trust I
CorTS Trust III For First Union Institutional Capital II
1
CorTS Trust III For Provident Financing Trust I
CorTS Trust III For IBM Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-11
TIERS Principal-Protected Certificates Trust Series FFH 2001-12
CorTS Trust II For SAFECO Capital Trust I
CorTS Trust For Great Western Financial Trust II
CorTS Trust II For Sherwin-Williams Debentures
CorTS Trust II For Aon Capital A
CorTS Trust For Corning Notes
TIERS Principal-Protected Asset Backed Certificates Trust Series Power 2001-13
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-19
CorTS Trust For BankAmerica Institutional Capital B
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2001-26
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2002-1
CorTS Trust III For Sherwin-Williams Debentures
CorTS Trust III For SAFECO Capital Trust I
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2002-5
CorTS Trust For SunAmerica Debentures
CorTS Trust For Bristol-Myers Squibb Debentures
CorTS Trust For W.R. Berkley Capital Trust
CorTS Trust III For Aon Capital A
CorTS Trust For Walt Disney Notes
CorTS Trust For Verizon Global Funding Notes
CorTS Trust IV For IBM Debentures
CorTS Trust For Unum Notes
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series Nasdaq 2002-6
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series S&P 2002-9
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series S&P MidCap 2002-12
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust Series S&P 2002-19
CorTS Trust IV For SAFECO Capital Trust I
CorTS Trust For GE Global Insurance Notes
CorTS Trust For General Electric Capital Corporation Notes
(Exact name of registrant as specified in its charter)
Delaware 13-3692801
------------------------------ -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
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
2
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange on Which Registered
- ------------------- -----------------------------------------
TIERS Corporate Bond-Backed Certificates, Series IBM New York Stock Exchange
1997-4, Amortizing Class and ZTF Class Certificates
TIERS Corporate Bond-Backed Certificates, Series BLS New York Stock Exchange
1997-6, Amortizing Class and ZTF Class Certificates
TIERS Corporate Bond-Backed Certificates, Series APA New York Stock Exchange
1997-8, Amortizing Class and ZTF Class Certificates
TIERS Tens Certificates, Series LTR 1998-4 New York Stock Exchange
TIERS Corporate Bond-Backed Certificates, Series MOT New York Stock Exchange
1998-5, Amortizing Class and ZTF Class Certificates
TIERS Corporate Bond-Backed Certificates, Series C 1998-6, New York Stock Exchange
Amortizing Class and ZTF Class Certificates
CorTS Trust For J.C. Penney Debentures, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For BellSouth Debentures, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Xerox Capital Trust I, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Southern Company Capital Trust I, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust For Countrywide Capital I, Corporate-Backed New York Stock Exchange
Trust Securities
TIERS Callable Principal-Protected Asset Backed Trust American Stock Exchange
Certificates, Series S&P 1999-2
TIERS Principal-Protected Trust Certificates, Series Nasdaq American Stock Exchange
2000-3
TIERS Principal-Protected Trust Certificates, Series American Stock Exchange
Telecom 2000-7
TIERS Principal-Protected Trust Certificates, Series PXT New York Stock Exchange
2000-11
TIERS Principal-Protected Trust Certificates, Series American Stock Exchange
Semiconductor 2000-14
TIERS Principal-Protected Trust Certificates, Series American Stock Exchange
Telecom 2000-13
Credit-Enhanced CorTS Trust For Aon Capital A, New York Stock Exchange
Credit-Enhanced Corporate-Backed Trust Securities
TIERS Principal-Protected Trust Certificates, Series Nasdaq American Stock Exchange
2000-15
3
CorTS Trust For Allstate Financing II, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For PECO Energy Capital Trust III, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust For SAFECO Capital Trust I, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Fleet Capital Trust II, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For First Union Institutional Capital I, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust For Provident Financing Trust I, UnumProvident New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust II For Countrywide Capital I, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Ford Debentures, Corporate-Backed Trust New York Stock Exchange
Securities
CorTS Trust For IBM Debentures, Corporate-Backed Trust New York Stock Exchange
Securities
CorTS Trust II For Provident Financing Trust I, New York Stock Exchange
UnumProvident Corporate-Backed Trust Securities
CorTS Trust II For BellSouth Debentures, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Chrysler Debentures, Daimler Chrysler New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust II For IBM Debentures, Corporate-Backed Trust New York Stock Exchange
Securities
CorTS Trust For BellSouth Capital Funding Debentures, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust For Sherwin-Williams Debentures, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust For U S West Communications Debentures, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust II For First Union Capital I, Corporate-Backed New York Stock Exchange
Trust Securities Class A Certificates
CorTS Trust For Worldcom Notes, Worldcom, Inc. New York Stock Exchange (delisted)
Corporate-Backed Trust Securities
4
CorTS Trust II For Chrysler Debentures, DaimlerChrysler New York Stock Exchange
Corporate-Backed Trust Securities
TIERS Principal-Protected Trust Certificates, Series Nasdaq American Stock Exchange
2001-8
CorTS Trust For AFC Capital Trust I, Allmerica New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
CorTS Trust III For First Union Institutional Capital II, New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
CorTS Trust III For Provident Financing Trust I, New York Stock Exchange
UnumProvident Corporate-Backed Trust Securities
CorTS Trust III For IBM Debentures, Corporate-Backed Trust New York Stock Exchange
Securities
TIERS Principal-Protected Trust Certificates, Series S&P American Stock Exchange
2001-11
TIERS Principal-Protected Trust Certificates, Series FFH New York Stock Exchange
2001-12
CorTS Trust II For SAFECO Capital Trust I, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For Great Western Financial II, Washington New York Stock Exchange
Mutual Corporate-Backed Trust Securities Class A Certificates
CorTS Trust II For Sherwin-Williams Debentures, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust II For Aon Capital A, Corporate-Backed Trust New York Stock Exchange
Securities Class A Certificates
CorTS Trust For Corning Notes, Corporate-Backed Trust New York Stock Exchange
Securities Class A Certificates
TIERS Principal-Protected Trust Certificates, Series Power American Stock Exchange
2001-13
TIERS Principal-Protected Trust Certificates, Series S&P American Stock Exchange
2001-19
CorTS Trust For BankAmerica Institutional Capital B, Bank New York Stock Exchange
of America Corporate-Backed Trust Securities Class A
Certificates
TIERS Principal-Protected Trust Certificates, Series DJIA American Stock Exchange
2001-26
5
TIERS Principal-Protected Trust Certificates, Series S&P American Stock Exchange
2002-1
CorTS Trust III For Sherwin-Williams Debentures, New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
CorTS Trust III For SAFECO Capital Trust I, New York Stock Exchange
Corporate-Backed Trust Securities
TIERS Principal-Protected Trust Certificates, Series DJIA American Stock Exchange
2002-5
CorTS Trust For SunAmerica Debentures, Corporate-Backed New York Stock Exchange
Trust Securities Class A Certificates
CorTS Trust For Bristol-Myers Squibb Debentures, New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
CorTS Trust For W.R. Berkley Capital Trust, New York Stock Exchange
Corporate-Backed Trust Securities
CorTS Trust III For Aon Capital A, Corporate-Backed Trust New York Stock Exchange
Securities Class A Certificates
CorTS Trust For Walt Disney Notes, Corporate-Backed Trust New York Stock Exchange
Securities Class A Certificates
CorTS Trust For Verizon Global Funding Notes, New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
CorTS Trust IV For IBM Debentures, Corporate-Backed Trust New York Stock Exchange
Securities Class A Certificates
CorTS Trust For Unum Notes, UNUMProvident Corporate-Backed New York Stock Exchange
Trust Certificates
TIERS Principal-Protected Minimum Return Trust American Stock Exchange
Certificates, Series Nasdaq 2002-6
TIERS Principal-Protected Minimum Return Trust American Stock Exchange
Certificates, Series S&P 2002-9
TIERS Principal-Protected Minimum Return Trust American Stock Exchange
Certificates, Series S&P MidCap 2002-12
TIERS Principal-Protected Minimum Return Trust American Stock Exchange
Certificates, Series S&P 2002-19
CorTS Trust IV For SAFECO Capital Trust I, Corporate-Backed New York Stock Exchange
Trust Securities
CorTS Trust For GE Global Insurance Notes, Corporate-Backed New York Stock Exchange
Trust Securities Class A Certificates
CorTS Trust For General Electric Capital Corporation Notes, New York Stock Exchange
Corporate-Backed Trust Securities Class A Certificates
6
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the Registrant has (1) filed all reports required
to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to have filed such reports) and (2) has been subject to such filing
requirements for the past 90 days.
Yes X1 No
------ ------
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
As of the date of this report, all of the common stock of the Registrant is held
by Salomon Brothers Holding Company Inc.
Indicate by check mark whether the Registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2).
Yes No X
----- -----
Documents Incorporated by Reference
-----------------------------------
The distribution reports to security holders filed on Form 8-K during the fiscal
year in lieu of reports on Form 10-Q, which includes the reports filed on Form
8-K listed in Item 15(b) hereto.
Explanatory Note
----------------
We are filing this Amendment No. 1 to our Annual Report on Form 10-K to amend
certain deficiencies in our original Annual Report. Unless otherwise stated, all
information contained in this amendment is as of March 31, 2003, the filing date
of our original Annual Report on Form 10-K for the fiscal year ended December
31, 2002. This amendment does not change any previously reported financial
information.
Introductory Note
-----------------
Structured Products Corp. (the "Depositor") is the depositor under the Base
Trust Agreements as supplemented by the Series Supplements listed on Chart 1
below by and between the Depositor and, unless otherwise noted, U.S. Bank Trust
National Association, formerly First Trust of New York, National Association, as
Trustee (the "Trustee"), providing for the issuance of the Certificates listed
below (the "Certificates") and is the depositor for the Certificates (the
"Registrant"). The Certificates do not represent obligations of or interests in
the Depositor or the Trustee.
The issuer(s) 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"). For
information on the issuer(s) of the underlying securities, or guarantor thereof,
or successor thereto, as applicable, please see its periodic and current reports
filed with the Securities and Exchange Commission (the "Commission"). Such
reports and other information required to be filed pursuant to the Exchange Act,
by the issuer(s) 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 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, or "EDGAR." Neither the Depositor 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 the
Depositor nor the Trustee has verified the accuracy or completeness of such
documents or reports. There can be no assurance that events affecting the
issuer(s) 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 that would affect the accuracy or completeness
of the publicly available
- ----------------------
1 Pursuant to staff administrative positions established in the no-action
letter Corporate Asset Backed Corporation ("CABCO") (available August 9,
1995), the Depositor is not required to respond to various items of Form
10-K. Such items are designated herein as "Not Applicable".
7
documents described above. Chart 2 below lists each trust, the issuer(s) or
guarantor, or successor thereto, of the related underlying security, and its
respective Exchange Act file numbers, if applicable.
CHART 1
Governing Documents Certificates issued thereunder
Base Trust Agreement and Series IBM 1997-4 Supplement dated TIERS Corporate Bond-Backed Certificates, Series
as of June 16, 1997 IBM 1997-4, Amortizing Class and ZTF Class Certificates
Base Trust Agreement and Series BLS 1997-6 Supplement dated TIERS Corporate Bond-Backed Certificates, Series BLS
as of July 7, 1997 1997-6, Amortizing Class and ZTF Class Certificates
Base Trust Agreement and Series APA 1997-8 Supplement dated TIERS Corporate Bond-Backed Certificates, Series APA
as of September 15, 1997 1997-8, Amortizing Class and ZTF Class Certificates
Base Trust Agreement and Series LTR 1998-4 Supplement dated TIERS Tens Certificates, Series LTR 1998-4
as of May 18, 1998
Base Trust Agreement and Series MOT 1998-5 Supplement dated TIERS Corporate Bond-Backed Certificates, Series MOT
as of May 19, 1998 1998-5, Amortizing Class and ZTF Class Certificates
Base Trust Agreement and Series C 1998-6 Supplement dated as TIERS Corporate Bond-Backed Certificates, Series C
of May 21, 1998 1998-6, Amortizing Class and ZTF Class Certificates
Base Trust Agreement dated May 21, 1999 and CorTS CorTS Trust For J.C. Penney Debentures,
Supplement dated May 21, 1999 Corporate-Backed Trust Securities
Base Trust Agreement dated May 21, 1999 and CorTS Supplement CorTS Trust For BellSouth Debentures, Corporate-Backed
1999-2 dated June 10, 1999 Trust Securities
Base Trust Agreement dated May 21, 1999 and CorTS Supplement CorTS Trust For Xerox Capital Trust I,
1999-3 dated October 20, 1999 Corporate-Backed Trust Securities
Base Trust Agreement dated May 21, 1999 and CorTS Supplement CorTS Trust For Southern Company Capital Trust I,
1999-4 dated October 28, 1999 Corporate-Backed Trust Securities
Base Trust Agreement dated May 21, 1999 and CorTS Supplement CorTS Trust For Countrywide Capital I,
1999-5 dated November 16, 1999 Corporate-Backed Trust Securities
Base Corporate Trust Agreement dated December 9, 1999 and TIERS Principal-Protected Trust Certificates, Series
TIERS Callable Asset Backed Supplement Series S&P 1999-2 S&P 1999-2
dated December 9, 1999 (with respect to which Base Trust
Agreement and Series Supplement The Bank of New York Trust
Company (Cayman) Limited is the trustee)
8
Base Corporate Trust Agreement dated April 6, 2000 and TIERS TIERS Principal-Protected Trust Certificates, Series
Asset Backed Supplement Series Nasdaq 2000-3 dated April 12, Nasdaq 2000-3
2000 (with respect to which Base Trust Agreement and Series
Supplement The Bank of New York Trust Company
(Cayman) Limited is the trustee)
Base Corporate Trust Agreement dated July 31, 2000 and TIERS TIERS Principal-Protected Trust Certificates, Series
Asset Backed Supplement Series Telecom 2000-7 Telecom 2000-7
dated July 31, 2000
TIERS 2000-11 Base Trust Agreement and TIERS Principal-Protected Trust Certificates, Series
TIERS 2000-11 Series Supplement dated September 20, 2000 PXT 2000-11
TIERS 2000-14 Base Trust Agreement and TIERS Principal-Protected Trust Certificates, Series
TIERS 2000-14 Series Supplement dated November 22, 2000 Semiconductor 2000-14
TIERS 2000-13 Base Trust Agreement and TIERS Principal-Protected Trust Certificates, Series
TIERS 2000-13 Series Supplement dated November 29, 2000 Telecom 2000-13
Base Trust Agreement dated December 15, 2000 and CorTS Credit-Enhanced CorTS Trust For Aon Capital A,
Supplement dated December 15, 2000 Credit-Enhanced Corporate-Backed Trust Securities
TIERS 2000-15 Base Trust Agreement and TIERS Principal-Protected Trust Certificates, Series
TIERS 2000-15 Series Supplement dated December 21, 2000 Nasdaq 2000-15
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Allstate Financing II,
Supplement dated December 22, 2000 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For PECO Energy Capital Trust III,
Supplement dated January 19, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For SAFECO Capital Trust I,
Supplement dated January 23, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Fleet Capital Trust II,
Supplement dated January 23, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For First Union Institutional Capital I,
Supplement dated January 30, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Provident Financing Trust I,
Supplement dated February 7, 2001 UnumProvident Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For Countrywide Capital I,
Supplement dated February 14, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Ford Debentures, Corporate-Backed
Supplement dated February 28, 2001 Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For IBM Debentures, Corporate-Backed Trust
Supplement dated February 28, 2001 Securities
9
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For Provident Financing Trust I,
Supplement dated March 21, 2001 UnumProvident Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For BellSouth Debentures,
Supplement dated March 23, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Chrysler Debentures, Daimler Chrysler
Supplement dated March 30, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For IBM Debentures, Corporate-Backed
Supplement dated March 30, 2001 Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For BellSouth Capital Funding Debentures,
Supplement dated April 6, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Sherwin-Williams Debentures,
Supplement dated April 10, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For U S West Communications Debentures,
Supplement dated April 10, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For First Union Capital I,
Supplement dated April 12, 2001 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Worldcom Notes, Worldcom, Inc.
Supplement dated April 18, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For Chrysler Debentures,
Supplement dated April 18, 2001 DaimlerChrysler Corporate-Backed Trust Securities
TIERS 2001-8 Base Trust Agreement and TIERS 2001-8 Series TIERS Principal-Protected Trust Certificates, Series
Supplement dated April 24, 2001 Nasdaq 2001-8
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For AFC Capital Trust I, Allmerica
Supplement dated April 25, 2001 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For First Union Institutional Capital
Supplement dated April 25, 2001 II, Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For Provident Financing Trust I,
Supplement dated April 30, 2001 UnumProvident Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For IBM Debentures, Corporate-Backed
Supplement dated May 9, 2001 Trust Securities
TIERS 2001-11 Base Trust Agreement and TIERS 2001-11 Series TIERS Principal-Protected Trust Certificates, Series
Supplement dated May 24, 2001 S&P 2001-11
TIERS 2001-12 Base Trust Agreement and TIERS 2001-12 Series TIERS Principal-Protected Trust Certificates, Series
Supplement dated May 25, 2001 FFH 2001-12
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For SAFECO Capital Trust I,
Supplement dated May 30, 2001 Corporate-Backed Trust Securities
10
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Great Western Financial II, Washington
Supplement dated May 31, 2001 Mutual Corporate-Backed Trust Securities Class A
Certificates
Base Trust Agreement dated December 15, 2000 CorTS Supplement CorTS Trust II For Sherwin-Williams Debentures,
dated June 11, 2001 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust II For Aon Capital A, Corporate-Backed
Supplement dated July 13, 2001 Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Corning Notes, Corporate-Backed Trust
Supplement dated July 24, 2001 Securities Class A Certificates
TIERS 2001-13 Base Trust Agreement and TIERS 2001-13 Series TIERS Principal-Protected Trust Certificates, Series
Supplement dated July 26, 2001 Power 2001-13
TIERS 2001-19 Base Trust Agreement and TIERS 2001-19 Series TIERS Principal-Protected Trust Certificates, Series
Supplement dated August 23, 2001 S&P 2001-19
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For BankAmerica Institutional Capital B,
Supplement dated August 31, 2001 Bank of America Corporate-Backed Trust Securities
Class A Certificates
TIERS 2001-26 Base Trust Agreement and TIERS 2001-26 TIERS Principal-Protected Trust Certificates, Series
Supplement dated November 29, 2001 DJIA 2001-26
TIERS 2002-1 Base Trust Agreement and TIERS 2002-1 Supplement TIERS Principal-Protected Trust Certificates, S&P
dated January 30, 2002 2002-1
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For Sherwin-Williams Debentures,
Supplement dated February 1, 2002 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For SAFECO Capital Trust I,
Supplement dated April 19, 2002 Corporate-Backed Trust Securities
TIERS 2002-5 Base Trust Agreement and TIERS 2002-5 Supplement TIERS Principal-Protected Trust Certificates, Series
dated April 29, 2002 DJIA 2002-5
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For SunAmerica Debentures,
Supplement dated May 17, 2002 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Bristol-Myers Squibb Debentures,
Supplement dated May 23, 2002 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For W.R. Berkley Capital Trust,
Supplement dated May 24, 2002 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust III For Aon Capital A, Corporate-Backed
Supplement dated May 31, 2002 Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 CorTS Supplement CorTS Trust For Walt Disney Notes, Corporate-Backed
dated June 14, 2002 Trust Securities Class A Certificates
11
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Verizon Global Funding Notes,
Supplement dated June 28, 2002 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust IV For IBM Debentures, Corporate-Backed
Supplement dated July 12, 2002 Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For Unum Notes, UNUMProvident
Supplement dated July 26, 2002 Corporate-Backed Trust Certificates
TIERS 2002-6 Base Trust Agreement and TIERS 2002-6 Supplement TIERS Principal-Protected Minimum Return Trust
dated July 30, 2002 Certificates, Series Nasdaq 2002-6
TIERS 2002-9 Base Trust Agreement and TIERS 2002-9 Supplement TIERS Principal-Protected Minimum Return Trust
dated August 29, 2002 Certificates, S&P 2002-9
TIERS 2002-12 Base Trust Agreement and TIERS 2002-12 TIERS Principal-Protected Minimum Return Trust
Supplement dated September 26, 2002 Certificates, Series S&P MidCap 2002-12
TIERS 2002-19 Base Trust Agreement dated September 26, 2002 TIERS Principal-Protected Minimum Return Trust
and TIERS 2002-19 Supplement dated November 26, 2002 Certificates, Series S&P 2002-19
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust IV For SAFECO Capital Trust I,
Supplement dated August 7, 2002 Corporate-Backed Trust Securities
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For GE Global Insurance Notes,
Supplement dated October 31, 2002 Corporate-Backed Trust Securities Class A Certificates
Base Trust Agreement dated December 15, 2000 and CorTS CorTS Trust For General Electric Capital Corporation
Supplement dated December 27, 2002 Notes, Corporate-Backed Trust Securities Class A
Certificates
CHART 2
- ----------------------------------------------- ---------------------------------------------- -----------------------
Description of Certificates Underlying Securities Issuer(s) or Exchange Act File
Guarantor, or successor thereto Number
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Corporate Bond-Backed Certificates, International Business Machines Corporation 001-02360
Series IBM 1997-4, Amortizing Class and ZTF
Class Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Corporate Bond-Backed Certificates, BellSouth Telecommunications, Inc. 001-01049
Series BLS 1997-6, Amortizing Class and ZTF
Class Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Corporate Bond-Backed Certificates, Apache Corporation 001-04300
Series APA 1997-8, Amortizing Class and ZTF
Class Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Tens Certificates, Series LTR 1998-4 Loews Corporation 001-06541
- ----------------------------------------------- ---------------------------------------------- -----------------------
12
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Corporate Bond-Backed Certificates, Motorola, Inc. 001-07221
Series MOT 1998-5, Amortizing Class and ZTF
Class Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Corporate Bond-Backed Certificates, DaimlerChrysler AG 001-14561
Series C 1998-6, Amortizing Class and ZTF
Class Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for J.C. Penney Debentures, J.C. Penney Company, Inc. 001-15274
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for BellSouth Debentures, BellSouth Telecommunications, Inc. 001-01049
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Xerox Capital Trust I, Xerox Corporation 001-04471
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Southern Company Capital Southern Company 001-03526
Trust I, Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Countrywide Capital I, Countrywide Financial Corp. 001-12331
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Callable Principal-Protected Asset 1. MBNA Master Credit Card Trust II 1. 000-20949
Backed Trust Certificates, Series S&P 1999-2 2. Discover Card Master Trust I 2. 000-23108
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, MBNA Master Credit Card Trust II 000-20949
Series Nasdaq 2000-3
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, MBNA Master Credit Card Trust II 000-20949
Series Telecom 2000-7
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, PXRE Group Ltd. 001-15259
Series PXT 2000-11 United States Treasury Obligations Not applicable
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, Capital One Master Trust 000-25762
Series Semiconductor 2000-14
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. Capital One Master Trust 1. 000-25762
Series Telecom 2000-13 2. MBNA Master Credit Card Trust II 2. 000-20949
3. Discover Card Master Trust I 3. 000-23108
- ----------------------------------------------- ---------------------------------------------- -----------------------
Credit-Enhanced CorTS Trust for Aon Capital Aon Corporation 001-07933
A, Credit Enhanced Corporate-Backed Trust
Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, Discover Card Master Trust I 000-23108
Series Nasdaq 2000-15
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Allstate Financing II, The AllState Corporation 001-11840
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for PECO Energy Capital Trust PECO Energy Company 000-16844
III, Corporate Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for SAFECO Capital Trust I, SAFECO Corporation 001-06563
Corporate Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Fleet Capital Trust II, FleetBoston Financial Corporation 001-16431
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for First Union Institutional Wachovia Corporation 001-10000
Capital I, Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Provident Financing Trust I, UnumProvident Corporation 001-11294
UnumProvident Corporate-Backed Trust
Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for Countrywide Capital I, Countrywide Financial Corp. 001-12331
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
13
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Ford Debentures, Ford Motor Company 001-03950
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for IBM Debentures, International Business Machines Corporation 001-02360
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for Provident Financing Trust UnumProvident Corporation 001-11294
I, UnumProvident Corporate-Backed Trust
Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for BellSouth Debentures, BellSouth Corporation 001-08607
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Chrysler Debentures, Daimler DaimlerChrysler AG 001-14561
Chrysler Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for IBM Debentures, International Business Machines Corporation 001-02360
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for BellSouth Capital Funding BellSouth Corporation 001-08607
Debentures, Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Sherwin-Williams Debentures, The Sherwin Williams Company 001-04851
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for US West Communications Qwest Corporation 001-03040
Debentures, Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for First Union Capital I, Wachovia Corporation 001-10000
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Worldcom Notes, Worldcom, Worldcom, Inc. 001-10415
Inc. Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for Chrysler Debentures, DaimlerChrysler AG 001-14561
DaimlerChrysler Corporate-Backed Trust
Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. First USA Credit Card Master Trust 1. 033-50600-01
Series Nasdaq 2001-8 2. MBNA Master Credit Card Trust II 2. 000-20949
3. Advanta Business Card Master Trust 3. 033-32874
4. Fleet Credit Card Master Trust II 4. 000-20973
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for AFC Capital Trust I, Allmerica Financial Corporation 001-13754
Allmerica Corporate-Backed Trust Securities
Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for First Union Institutional Wachovia Corporation 001-10000
Capital II, Corporate-Backed Trust Securities
Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for Provident Financing Trust UnumProvident Corporation 001-11294
I, UnumProvident Corporate-Backed Trust
Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for IBM Debentures, International Business Machines Corporation 001-02360
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, Discover Card Master Trust I 000-23108
Series S&P 2001-11
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, Fairfax Financial Holdings Limited 001-31556
Series FFH 2001-12
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for SAFECO Capital Trust I, SAFECO Corporation 001-06563
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Great Western Financial Trust Washington Mutual, Inc. 001-14667
II, Washington Mutual Corporate-Backed Trust
Securities Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
14
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for Sherwin-Williams The Sherwin Williams Company 001-04851
Debentures, Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust II for Aon Capital A, Aon Corporation 001-07933
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Corning Notes, Corning Incorporated 001-03247
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, Advanta Business Card Master Trust 033-32874
Series Power 2001-13
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. Advanta Business Card Master Trust 1.033-32874
Series S&P 2001-19 2. American Express Credit Card Account 2. 002-20787
Master Trust
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for BankAmerica Institutional Bank of America Corporation 001-06523
Capital B, Bank of America Corporate-Backed
Trust Securities Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. MBNA Credit Card Master Note Trust 1. 333-50316-02
Series DJIA 2001-26 2. Discover Card Master Trust I 2. 000-23108
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. Capital One Master Trust 1. 000-25762
Series S&P 2002-1 2. Discover Card Master Trust I 2. 000-23108
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for Sherwin-Williams The Sherwin Williams Company 001-04851
Debentures, Corporate-Backed Trust Securities
Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for SAFECO Capital Trust I, SAFECO Corporation 001-06563
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Trust Certificates, 1. Capital One Master Trust 1. 000-25762
Series DJIA 2002-5 2. First USA Credit Card Master Trust 2. 033-50600-01
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for SunAmerica Debentures, American International Group Inc. 000-29092
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Bristol-Myers Squibb Bristol-Myers Squibb Company 001-01136
Debentures, Corporate-Backed Trust Securities
Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for W.R. Berkley Capital Trust, W.R. Berkley Corporation 001-15202
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust III for Aon Capital A, Aon Corporation 001-07933
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Walt Disney Notes, The Walt Disney Company 001-11605
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Verizon Global Funding Notes, Verizon Communications, Inc. 001-08606
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust IV for IBM Debentures, International Business Machines Corporation 001-02360
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for Unum Notes, UNUMProvident UNUMProvident Corporation 001-11294
Corporate-Backed Trust Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
15
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Minimum Return 1. Capital One Master Trust 1. 000-25762
Trust Certificates, Series Nasdaq 2002-6 2. American Express Credit Account Master 2. 000-20787
Trust
3. MBNA Credit Card Master Note Trust 3. 333-50316-02
4. Citibank Omni-S Master Trust 4. 001-14607
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Minimum Return 1. MBNA Credit Card Master Note Trust 1. 333-50316-02
Trust Certificates, Series S&P 2002-9 2. Citibank Omni-S Master Trust 2. 001-14607
3. Chase Credit Card Owner Trust 3. 000-50202
4. MBNA Master Credit Card Trust II 4. 000-20949
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Minimum Return 1. MBNA Master Credit Card Trust II 1. 000-20949
Trust Certificates, Series S&P MidCap 2002-12 2. Citibank Omni-S Master Trust 2. 001-14607
3. Discover Card Master Trust I 3. 000-23108
- ----------------------------------------------- ---------------------------------------------- -----------------------
TIERS Principal-Protected Minimum Return 1. MBNA Credit Card Master Note Trust 1. 333-50316-02
Trust Certificates, Series S&P 2002-19 2. Bank One Issuance Trust 2. 333-67076
3. Chase Credit Card Owner Trust 2002-3 3. 000-50202
4. MBNA Master Credit Card Trust II 4. 000-20949
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust IV for SAFECO Capital Trust I, SAFECO Corporation 001-06563
Corporate-Backed Trust Securities
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for GE Global Insurance Notes, GE Global Insurance Holding Corporation 001-14178
Corporate-Backed Trust Securities Class A
Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
CorTS Trust for General Electric Capital General Electric Capital Corporation 001-06461
Corporation Notes, Corporate-Backed Trust
Securities Class A Certificates
- ----------------------------------------------- ---------------------------------------------- -----------------------
PART I
------
Item 1. Business
- ------- --------
None
Item 2. Properties
- ------- ----------
None
Item 3. Legal Proceedings
- ------- -----------------
None
Item 4. Submission of Matters To A Vote of Security Holders
- ------- ---------------------------------------------------
None
PART II
-------
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
- ------- ---------------------------------------------------------------------
The Certificates representing investors' interest in the Trusts are
represented by one or more physical Certificates registered in the
name of Cede & Co., the nominee of The Depository Trust Company.
16
Certificates listed on an exchange are identified above under
"Securities registered pursuant to Section 12(b) of the Act."
Item 6. Selected Financial Data
- ------- -----------------------
None
Item 7. Management's Discussion and Analysis of Financial Condition and
- ------- ----------------------------------------------------------------------
Results of Operations
---------------------
Not Applicable
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
- -------- ----------------------------------------------------------
None
Item 8. Financial Statements and Supplementary Data
- ------- -------------------------------------------
None
Item 9. Changes In and Disagreements With Accountants on Accounting and
- ------- ----------------------------------------------------------------------
Financial Disclosure
--------------------
None
PART III
--------
Item 10. Directors and Executive Officers of the Registrant
- -------- --------------------------------------------------
None
Item 11. Executive Compensation
- -------- ----------------------
Not Applicable
Item 12. Security Ownership of Certain Beneficial Owners and Management
- -------- --------------------------------------------------------------
Information required by Item 201(d) of Regulation S-X: Not applicable
Information required by Item 403 of Regulation S-X: None
Item 13. Certain Relationships and Related Transactions
- -------- ----------------------------------------------
None
Item 14. Controls and Procedures
- -------- -----------------------
Not Applicable
PART IV
-------
Item 15. Exhibits, Financial Schedules and Reports on Form 8-K
- -------- -----------------------------------------------------
(a) The following documents are also filed as part of this Report:
17
Exhibits:
99.1 Certification by Assistant Vice President and Finance
Officer of the Registrant pursuant to 15 U.S.C. Section
7241, as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
99.2 Annual Compliance Reports by Trustees and Co-Trustee
pursuant to 15 U.S.C. Section 7241
99.3 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust IBM 1997-4. Previously filed
as Exhibit 1 on the Registrant's Form 10-K filed March 31,
2003, File No. 001-13668 and hereby incorporated by
reference.
99.4 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust BLS 1997-6. Previously filed
as Exhibit 2 on the Registrant's Form 10-K filed March 31,
2003, File No. 001-13668 and hereby incorporated by
reference.
99.5 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust APA 1997-8. Previously filed
as Exhibit 3 on the Registrant's Form 10-K filed March 31,
2003, File No. 001-13668 and hereby incorporated by
reference.
99.6 Report of Aston Bell & Associates concerning TIERS Tens
Certificates Trust LTR 1998-4. Previously filed as Exhibit 4
on the Registrant's Form 10-K filed March 31, 2003, File No.
001-13668 and hereby incorporated by reference.
99.7 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust MOT 1998-5. Previously filed
as Exhibit 5 on the Registrant's Form 10-K filed March 31,
2003, File No. 001-13668 and hereby incorporated by
reference.
99.8 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust C 1998-6. Previously filed as
Exhibit 6 on the Registrant's Form 10-K filed March 31,
2003, File No. 001-13668 and hereby incorporated by
reference.
No accountant's report is required to be filed for any trusts other
than those identified in Exhibits 99.3 through 99.8.
(b) The following reports on Form 8-K were filed during the period
covered by this report and are hereby incorporated by reference:
- ------------------------------------------------------------- ---------------------- ----------------------
Trust Description Distribution Date Filed On
- ------------------------------------------------------------- ---------------------- ----------------------
Credit-Enhanced CorTS Trust For AON Capital A January 1, 2002 March 27, 2003
July 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
January 1, 2002 March 27, 2003
April 1, 2002 March 27, 2003
July 1, 2002 March 28, 2003
CorTS Trust III For First Union Institutional Capital II October 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
January 1, 2002 March 27, 2003
CorTS Trust II For Aon Capital A July 1, 2002 July 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust III For Aon Capital A July 1, 2002 July 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
18
- ------------------------------------------------------------- ---------------------- ----------------------
January 15, 2002 March 27, 2003
CorTS Trust for SAFECO Capital Trust I July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
January 15, 2002 March 27, 2003
CorTS Trust For BellSouth Capital Funding Debentures July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
January 15, 2002 March 27, 2003
CorTS Trust II For First Union Capital I July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
TIERS Principal-Protected Certificates Trust Series FFH January 15, 2002 March 27, 2003
2001-12 July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
January 15, 2002 March 27, 2003
CorTS Trust II for SAFECO Capital Trust I July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust III for SAFECO Capital Trust I July 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust for SunAmerica Debentures July 31, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 March 28, 2003
TIERS Corporate Bond-Backed Certificates Trust C 1998-6 August 1, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust for Xerox Capital Trust I August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust for Southern Company Capital Trust I August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
TIERS Principal-Protected Certificates Trust Series PXT February 1, 2002 February 14, 2002
2000-11 August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust for Chrysler Debentures August 1, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust for Sherwin Williams Debentures August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust II for Chrysler Debentures August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust for Great Western Financial Trust II August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
February 1, 2002 February 14, 2002
CorTS Trust II for Sherwin Williams Debentures August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust III for Sherwin-Williams Debentures August 1, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust for Bristol-Myers Squibb Debentures August 1, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 30, 2002 July 18, 2002
CorTS Trust for BankAmerica Institutional Capital B December 31, 2002 January 16, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
19
- ------------------------------------------------------------- ---------------------- ----------------------
February 15, 2002 March 28, 2003
TIERS Corporate Bond-Backed Certificates Trust APA 1997-8 August 15, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
February 15, 2002 March 1, 2002
CorTS Trust for AFC Capital Trust I August 15, 2002 September 12, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
February 15, 2002 March 1, 2002
CorTS Trust for Worldcom Notes August 15, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
March 1, 2002 March 27, 2003
CorTS Trust for J.C. Penney Debentures September 1, 2002 September 13, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust for Walt Disney Notes September 1, 2002 September 13, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
March 15, 2002 March 27, 2003
CorTS Trust for Provident Financing Trust I September 15, 2002 September 27, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
March 15, 2002 March 27, 2003
CorTS Trust II for Provident Financing Trust I September 15, 2002 September 27, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
March 15, 2002 March 27, 2003
CorTS Trust III for Provident Financing Trust September 15, 2002 September 27, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
April 1, 2002 March 27, 2003
TIERS Corporate Bond-Backed Certificates Trust MOT 1998-5 October 1, 2002 October 15, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
April 15, 2002 March 27, 2003
TIERS Tens Certificates Trust LTR 1998-4 October 15, 2002 March 27, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
April 30, 2002 May 9, 2002
CorTS Trust for PECO Energy Capital Trust III October 31, 2002 November 14, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
May 1, 2002 March 27, 2003
CorTS Trust for Ford Debentures November 1, 2002 November 14, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
May 15, 2002 June 27, 2002
CorTS Trust for US West Communications Debentures November 15, 2002 March 10, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 March 28, 2003
TIERS Corporate Bond-Backed Certificates Trust IBM 1997-4 December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 July 24, 2002
CorTS Trust for BellSouth Debentures December 2, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 March 28, 2003
CorTS Trust for Allstate Financing II December 2, 2002 March 28, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTs Trust for First Union Institutional Capital I December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTS Trust for IBM Debentures December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
20
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTS Trust II for BellSouth Debentures December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTS Trust II for IBM Debentures December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTS Trust III for IBM Debentures December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
June 1, 2002 June 24, 2002
CorTS Trust for Corning Notes December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust for Verizon Global Funding Notes December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust IV for IBM Debentures December 2, 2002 December 18, 2002
- ------------------------------------------------------------- ---------------------- ----------------------
CorTS Trust for Unum Notes December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 15, 2002 July 10, 2002
CorTS Trust for W.R. Berkley Capital Trust December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 15, 2002 July 10, 2002
CorTS Trust II for Countrywide Capital I December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 15, 2002 July 10, 2002
CorTS Trust for Fleet Capital Trust II December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
June 15, 2002 July 10, 2002
CorTS Trust for Countrywide Capital I December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
TIERS Corporate Bond-Backed Certificates Trust Series 1997-6 June 15, 2002 July 10, 2002
December 16, 2002 January 2, 2003
- ------------------------------------------------------------- ---------------------- ----------------------
(c) See item 15(a)(3) above.
21
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Structured Products Corp., as depositor
for the Trusts (the "Registrant")
Dated: March 1, 2004 By: /s/ Mark C. Graham
------------------------------------
Name: Mark C. Graham
Title: Assistant Secretary,
Assistant Vice President and
Finance Officer
22
Exhibit 99.1
CERTIFICATION
I, John W. Dickey, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form
8-K containing distribution or servicing reports filed in respect of
periods included in the year covered by this annual report of Structured
Products Corp., on behalf of the trusts identified on Schedule 1 hereto;
2. Based on my knowledge, the information in these reports, taken as a whole,
does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of
the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required
to be provided to the depositor by the trustee under the pooling and
servicing, or similar, agreement, for inclusion in these reports is
included in these reports; and
4. I am responsible for reviewing the activities performed by the depositor
and the trustee under the pooling and servicing, or similar, agreement and
based upon my knowledge and the annual compliance review required under
that agreement, and except as disclosed in the reports, the depositor and
trustee have each fulfilled its obligations under that agreement.
In giving the certifications above, I have reasonably relied on information
provided to me by the following unaffiliated parties: U.S. Bank Trust National
Association, The Bank of New York Trust Company (Cayman) Limited and The Bank of
New York.
By: /s/ John W. Dickey
-------------------------------------
Name: John W. Dickey
Title: Assistant Vice President and
Finance Officer
Date: March 1, 2004
23
Schedule 1
to Exhibit 99.1
TIERS Corporate Bond-Backed Certificates Trust, Series IBM 1997-4
TIERS Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS Corporate Bond-Backed Certificates Trust APA 1997-8
TIERS Tens Certificates Trust LTR 1998-4
TIERS Corporate Bond-Backed Certificates Trust MOT 1998-5
TIERS Corporate Bond-Backed Certificates Trust C 1998-6
CorTS Trust For J.C. Penney Debentures
CorTS Trust For BellSouth Debentures
CorTS Trust For Xerox Capital Trust I
CorTS Trust For Southern Company Capital Trust I
CorTS Trust For Countrywide Capital I
TIERS Callable Principal-Protected Asset-Backed Certificates Trust Series S&P
1999-2
TIERS Principal Protected Trust Certificates, Series NASDAQ 2000-3
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-7
TIERS Principal-Protected Certificates Trust Series PXT 2000-11
TIERS Principal-Protected Asset Backed Certificates Trust Series Semiconductor
2000-14
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-13
Credit-Enhanced CorTS Trust For Aon Capital A
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2000-15
CorTS Trust For Allstate Financing II
CorTS Trust For PECO Energy Capital Trust III
CorTS Trust For SAFECO Capital Trust I
CorTS Trust For Fleet Capital Trust II
CorTS Trust For First Union Institutional Capital I
CorTS Trust For Provident Financing Trust I
CorTS Trust II For Countrywide Capital I
CorTS Trust For Ford Debentures
CorTS Trust For IBM Debentures
CorTS Trust II For Provident Financing Trust I
CorTS Trust II For BellSouth Debentures
CorTS Trust For Chrysler Debentures
CorTS Trust II For IBM Debentures
CorTS Trust For BellSouth Capital Funding Debentures
CorTS Trust For Sherwin-Williams Debentures
CorTS Trust For U S West Communications Debentures
CorTS Trust II For First Union Capital I
CorTS Trust For Worldcom Notes
CorTS Trust II For Chrysler Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2001-8
CorTS Trust For AFC Capital Trust I
CorTS Trust III For First Union Institutional Capital II
CorTS Trust III For Provident Financing Trust I
CorTS Trust III For IBM Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-11
TIERS Principal-Protected Certificates Trust Series FFH 2001-12
CorTS Trust II For SAFECO Capital Trust I
CorTS Trust For Great Western Financial Trust II
CorTS Trust II For Sherwin-Williams Debentures
CorTS Trust II For Aon Capital A
CorTS Trust For Corning Notes
TIERS Principal-Protected Asset Backed Certificates Trust Series Power 2001-13
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-19
CorTS Trust For BankAmerica Institutional Capital B
24
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2001-26
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2002-1
CorTS Trust III For Sherwin-Williams Debentures
CorTS Trust III For SAFECO Capital Trust I
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2002-5
CorTS Trust For SunAmerica Debentures
CorTS Trust For Bristol-Myers Squibb Debentures
CorTS Trust For W.R. Berkley Capital Trust
CorTS Trust III For Aon Capital A
CorTS Trust For Walt Disney Notes
CorTS Trust For Verizon Global Funding Notes
CorTS Trust IV For IBM Debentures
CorTS Trust For Unum Notes
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series Nasdaq 2002-6
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P 2002-9
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P MidCap 2002-12
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P 2002-19
CorTS Trust IV For SAFECO Capital Trust I
CorTS Trust For GE Global Insurance Notes
CorTS Trust For General Electric Capital Corporation Notes
25
Exhibit 99.2
ANNUAL COMPLIANCE REPORT
------------------------
The undersigned, being an officer of U.S. Bank Trust National
Association, as trustee (the "Trustee"), with respect to the transactions
identified on Schedule 1 hereto, listed in Structured Products Corp.'s annual
report on Form 10-K for the fiscal year ended December 31, 2002 (the "Annual
Report"), certifies as follows:
1. The Trustee is the trustee under each trust agreement.
2. Based on my knowledge, the Trustee has fulfilled its obligations, including
any servicing obligations, under each trust agreement.
/s/ Marlene Fahey
---------------------------------------
Name: Marlene Fahey
Title: Vice President
Date: March 1, 2004
26
Schedule 1
to Exhibit 99.2
TIERS Corporate Bond-Backed Certificates Trust, Series IBM 1997-4
TIERS Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS Corporate Bond-Backed Certificates Trust APA 1997-8
TIERS Tens Certificates Trust LTR 1998-4
TIERS Corporate Bond-Backed Certificates Trust MOT 1998-5
CorTS Trust For J.C. Penney Debentures
CorTS Trust For BellSouth Debentures
CorTS Trust For Xerox Capital Trust I
CorTS Trust For Southern Company Capital Trust I
CorTS Trust For Countrywide Capital I
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-7
TIERS Principal-Protected Certificates Trust Series PXT 2000-11
TIERS Principal-Protected Asset Backed Certificates Trust Series
Semiconductor 2000-14
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-13
Credit-Enhanced CorTS Trust For Aon Capital A
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2000-15
CorTS Trust For Allstate Financing II
CorTS Trust For PECO Energy Capital Trust III
CorTS Trust For SAFECO Capital Trust I
CorTS Trust For Fleet Capital Trust II
CorTS Trust For First Union Institutional Capital I
CorTS Trust For Provident Financing Trust I
CorTS Trust II For Countrywide Capital I
CorTS Trust For Ford Debentures
CorTS Trust For IBM Debentures
CorTS Trust II For Provident Financing Trust I
CorTS Trust II For BellSouth Debentures
CorTS Trust For Chrysler Debentures
CorTS Trust II For IBM Debentures
CorTS Trust For BellSouth Capital Funding Debentures
CorTS Trust For Sherwin-Williams Debentures
CorTS Trust For U S West Communications Debentures
CorTS Trust II For First Union Capital I
CorTS Trust For Worldcom Notes
CorTS Trust II For Chrysler Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2001-8
CorTS Trust For AFC Capital Trust I
CorTS Trust III For First Union Institutional Capital II
CorTS Trust III For Provident Financing Trust I
CorTS Trust III For IBM Debentures
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-11
TIERS Principal-Protected Certificates Trust Series FFH 2001-12
CorTS Trust II For SAFECO Capital Trust I
CorTS Trust For Great Western Financial Trust II
CorTS Trust II For Sherwin-Williams Debentures
CorTS Trust II For Aon Capital A
CorTS Trust For Corning Notes
TIERS Principal-Protected Asset Backed Certificates Trust Series Power 2001-13
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-19
CorTS Trust For BankAmerica Institutional Capital B
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2001-26
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2002-1
27
CorTS Trust III For Sherwin-Williams Debentures
CorTS Trust III For SAFECO Capital Trust I
TIERS Principal-Protected Asset Backed Certificates Trust Series DJIA 2002-5
CorTS Trust For SunAmerica Debentures
CorTS Trust For Bristol-Myers Squibb Debentures
CorTS Trust For W.R. Berkley Capital Trust
CorTS Trust III For Aon Capital A
CorTS Trust For Walt Disney Notes
CorTS Trust For Verizon Global Funding Notes
CorTS Trust IV For IBM Debentures
CorTS Trust For Unum Notes
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series Nasdaq 2002-6
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P 2002-9
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P MidCap 2002-12
TIERS Principal-Protected Minimum Return Asset Backed Certificates Trust
Series S&P 2002-19
CorTS Trust IV For SAFECO Capital Trust I
CorTS Trust For GE Global Insurance Notes
CorTS Trust For General Electric Capital Corporation Notes
28
Exhibit 99.2
(continued)
ANNUAL COMPLIANCE REPORT
------------------------
The undersigned, being an officer of The Bank of New York Trust Company
(Cayman) Limited, as trustee (the "Trustee"), with respect to the TIERS Callable
Principal-Protected Asset-Backed Trust Certifictes, Series S&P 1999-2, and the
TIERS Principal Protected Trust Certificates, Series NASDAQ 2000-3, listed in
Structured Products Corp.'s annual report on Form 10-K for the fiscal year ended
December 31, 2002 (the "Annual Report"), certifies as follows:
1. The Trustee is the trustee under each trust agreement.
2. To my knowledge, the Trustee has performed its duties in accordance with
the terms of the trust agreements.
/s/ Doyle A. Dally
---------------------------------------
Name: Doyle A. Dally
Title: Director
Date: March 1, 2004
29
Exhibit 99.2
(continued)
ANNUAL COMPLIANCE REPORT
------------------------
The undersigned, being an officer of The Bank of New York, as co-trustee
(the "Co-Trustee"), with respect to the TIERS Callable Principal-Protected
Asset-Backed Trust Certificates, Series S&P 1999-2, and the TIERS Principal
Protected Trust Certificates, Series NASDAQ 2000-3, listed in Structured
Products Corp.'s annual report on Form 10-K for the fiscal year ended December
31, 2002 (the "Annual Report"), certifies as follows:
1. The Co-Trustee is the co-trustee under each trust agreement.
2. To my knowledge, the Co-Trustee has performed its duties in accordance with
the terms of the trust agreements.
/s/ Laura M. Shields
---------------------------------------
Name: Laura M. Shields
Title: Vice President
Date: March 1, 2004
30
EXHIBIT INDEX
Exhibit Page
- ------- ----
99.1 Certification by Assistant Vice President and Finance Officer of 23
the Registrant pursuant to 15 U.S.C. Section 7241, as adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
99.2 Annual Compliance Reports by Trustees and Co-Trustee pursuant to 26
15 U.S.C. Section 7241.
99.3 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust IBM 1997-4. Previously filed as
Exhibit 1 on the Registrant's Form 10-K filed March 31, 2003,
File No. 001-13668 and hereby incorporated by reference.
99.4 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust BLS 1997-6. Previously filed as
Exhibit 2 on the Registrant's Form 10-K filed March 31, 2003,
File No. 001-13668 and hereby incorporated by reference.
99.5 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust APA 1997-8. Previously filed as
Exhibit 3 on the Registrant's Form 10-K filed March 31, 2003,
File No. 001-13668 and hereby incorporated by reference.
99.6 Report of Aston Bell & Associates concerning TIERS Tens
Certificates Trust LTR 1998-4. Previously filed as Exhibit 4 on
the Registrant's Form 10-K filed March 31, 2003, File No.
001-13668 and hereby incorporated by reference.
99.7 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust MOT 1998-5. Previously filed as
Exhibit 5 on the Registrant's Form 10-K filed March 31, 2003,
File No. 001-13668 and hereby incorporated by reference.
99.8 Report of Aston Bell & Associates concerning TIERS Corporate
Bond-Backed Certificates Trust C 1998-6. Previously filed as
Exhibit 6 on the Registrant's Form 10-K filed March 31, 2003,
File No. 001-13668 and hereby incorporated by reference.
31