Conditional Partial Redemption of Corporate Backed Trust Certificates, Motorola Debenture-Backed Series 2002-12 Trust 1,267,466 $25 par ($31,686,650 Certificate Principal Amount) Certificates due October 1, 2097 CUSIP No. 21988G395* (NYSE: XFH)
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/02/11 -- 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, Motorola Debenture-Backed Series 2002-12, dated as of June 21, 2002 (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Motorola Debenture-Backed Series 2002-12 Trust (NYSE: XFH) (the "Trust") that certain
If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Redemption Date, then the certificates issued by the Trust (the "Certificates") will be redeemed on the Redemption Date at a price of $25 principal plus $0.728889 accrued interest to the Redemption Date per Class A-1 Certificate and $0.00 principal per $1,000 stated principal amount Class A-2 Certificate. The Class A-2 Certificates are principal-only Certificates and will not receive payment of interest. No interest will accrue on the Certificates after the Redemption Date. 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 redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.
Contact:
Bondholder Services
(800) 934-6802
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Datum: 02.08.2011 - 17:38 Uhr
Sprache: Deutsch
News-ID 1026887
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"Conditional Partial Redemption of Corporate Backed Trust Certificates, Motorola Debenture-Backed Series 2002-12 Trust 1,267,466 $25 par ($31,686,650 Certificate Principal Amount) Certificates due October 1, 2097 CUSIP No. 21988G395* (NYSE: XFH)
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