Conditional Redemption ofCorTS Trust for Walt
Class A CUSIP Number: 22082D205*
Class B CUSIP Number:22082DAA4*
Please forward this notice to all beneficial holders.
August 23, 2010 05:26 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 2002-7, dated as of June 14,
2002 (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 that the Warrantholder is exercising the Call Warrants in full for
the purchase of the Term Assets held by the Trust on Friday, September 10, 2010 (the “Warrant Exercise Date” or
If the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the
Redemption Date, then (i) the Class A Certificates issued by the Trust will be redeemed in full on the Redemption
Date at a price of $25.00 per Class A Certificate plus accrued interest of $0.042969 per Class A Certificate to the
Redemption Date and (ii) the Class B Certificates will be redeemed in full on the Redemption Date and will receive
accrued and unpaid interest of $0.031250 per Class B Certificate to the Redemption Date.
If the Certificates are redeemed, no interest will accrue on the Certificates after the Redemption Date. If the Trustee
does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be
redeemed and they will continue to accrue distributions as if no exercise notice had been given and (ii) the
Warrantholder may elect to deliver a conditional notice of exercise in the future.
This press release is being issued by U.S. Bank Trus