Conditional Full Redemption of Corporate Backed Trust Certificates, Prudential Financial Note-Backed Series 2003-20 Trust 1,0...
2012年7月21日 - 5:00AM
Marketwired
NOTICE IS HEREBY GIVEN, pursuant to the terms
of 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, Prudential Financial Note-Backed Series 2003-20,
dated as of December 22, 2003 as supplemented (the "Trust
Agreement") in respect of the Corporate Backed Trust Certificates,
Prudential Financial Note-Backed Series 2003-20 Trust (NYSE: JZH)
(the "Trust"), that certain
Call Warrant Holders
have exercised their rights to purchase the remaining 1,092,500
total outstanding Class A-1 Corporate Backed Trust Certificates
(the "Class A-1 Certificates") and $1,187,500.00 total outstanding
principal amount Class A-2 Corporate Backed Trust Certificates (the
"Class A-2 Certificates") (together, the "Certificates")
on July 27, 2012 (the "Call Date" and "Redemption
Date") each at the related Call Price, and effect an Optional
Exchange for the remaining total $28,500,000.00 face amount
Prudential Financial, Inc. 5.75% Medium-Term Notes, Series B due
July 15, 2033 CUSIP 74432QAC9* held as the Underlying Securities by
the Trust.
THE EXERCISE OF THE CALL WARRANTS IS
CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE 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 1,092,500 Class A-1
Certificates and $1,187,500.00 principal amount Class A-2
Certificates described above will be selected for redemption on the
Redemption Date at a price of $25.00 principal plus $0.050000000
accrued interest to the Redemption Date per Class A-1 Certificate
and $193.247481634 principal per $1,000 stated principal amount
Class A-2 Certificate (the "Call Price"). The total payment of the
Redemption Amount on the Class A-1 Certificates will be
$27,367,125.00, consisting of $27,312,500.00 principal and
$54,625.00 accrued interest. The total payment of the Redemption
Amount on the Class A-2 Certificates will be $229,281.48,
consisting entirely of principal. The Class A-2 Certificates are
principal-only Certificates and will not receive payment of
interest. No further interest or principal will accrue after the
Redemption Date on the Certificates selected for redemption. If the
Trustee does not receive the Call Price, then (i) the Certificates
issued by the Trust will continue to accrue interest as if no
exercise notice had been given and (ii) the call warrant 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 partial redemption, Holders with questions may
contact Bondholder Services at (800) 934-6802.
U.S. Bank Trust National Association, as
Trustee
*U.S. Bank shall not be held responsible for the selection or
the use of the CUSIP number, nor is any representation made as to
its correctness indicated in the Notice. It is included solely for
the convenience of the Holders.
Contact: Bondholder Services (800) 934-6802
Lehman Abs Corp. 6.00% Corporate Backed Trust Ctfs, Prudential Financial Note-Backed Series 2003-20, Class A-1 (NYSE:JZH)
過去 株価チャート
から 5 2024 まで 6 2024
Lehman Abs Corp. 6.00% Corporate Backed Trust Ctfs, Prudential Financial Note-Backed Series 2003-20, Class A-1 (NYSE:JZH)
過去 株価チャート
から 6 2023 まで 6 2024