Conditional Partial Redemption of CorTS Trust II
for Ford Notes
Please forward this notice to all beneficial holders.
September 15, 2010 04:13 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--U.S. Bank Trust National Association serves as trustee (the
“Trustee”) for the above-referenced Trust (the “Trust”) formed pursuant to the terms of the Base Trust Agreement
dated as of December 15, 2000, as supplemented by the Series Supplement Series 2003-3, dated as of March 12,
2003 (collectively, the “Trust Agreement”) by and between Structured Products Corporation (the “Depositor”) and
the Trustee. Capitalized terms used herein have the meanings set forth in the Trust Agreement.
The Warrantholder has given notice to the Trustee to exercise 85,795 Call Warrants for the purchase of
$85,795,000 of the Term Assets held by the trust, and agrees to make payment equal to the sum of the principal
amount of the Term Assets being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid
interest to and including the Warrant Exercise Date, determined to be September 28, 2010 the (“Warrant Exercise
Date or “Redemption Date”).
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE
TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE
DATE.THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE
EXERCISED ON THE WARRANT EXERCISE DATE.
If the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the
Redemption Date, then (i) 3,195,863 Certificates issued by the Trust will be redeemed on the Redemption Date at a
price of $25.00 per Certificate plus accrued interest of $0.400000 per Certificate to the Redemption Date. If these
Certificates are redeemed, no interest will accrue on such Certificates after the Redemption Date. If the Trustee does
not receive the Warrant Exercise Purchase Price, then (i) no Certificates issued by the Trust will be redeemed and
they will continue to