Notice of CONDITIONAL FULL Redemption of Corporate Backed Trust Certificates, Bristol-Myers Squibb Debenture-Backed Series 2002-18 Trust 1,007,200 $25 Par ($25,180,000 Certificate Principal Amount) Class A-1 Certificates due August 1, 2097 CUSIP No. 21988
(Relating to 1,007,200 Class A-1, 251.80 Class A-2A and 251.80 Class A-2B Call Warrants without CUSIP) (Underlying Securities are $25,180,000 principal amount 6.875% Notes due August 1, 2097 CUSIP No. 110122AC2* issued by Bristol-Myers Squibb Company)
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 11/13/13 -- , 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, in respect to the Trust, dated as of October 29, 2002 (the "Series Supplement" and together with the Standard Terms, the "Trust Agreement") that certain (NYSE: XFR)
If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,007,200 Class A-1 Certificates, $25,180,000 Notional Amount Class A-2A Certificates and $25,180,000 Notional Amount Class A-2B Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.468750000 accrued interest to the Redemption Date per Class A-1 Certificate, $70.959662431 interest per $1,000 stated Notional Amount Class A-2A Certificate, and $7.724926529 interest per $1,000 stated Notional Amount Class A-2B Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $27,633,402.95, consisting of $25,180,000.00 principal and $472,125.00 accrued interest on the Class A-1 Certificates, $1,786,764.30 interest on the $25,180,000 Notional Amount Class A-2A Certificates and $194,513.65 interest on the $25,180,000 Notional Amount Class A-2B Certificates (the "Redemption Amount") selected for redemption. The Class A-2A and Class A-2B Certificates are interest-only Certificates and will not receive payment of principal. 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 selected for redemption will continue to accrue interest as if no exercise notice had been given and (ii) these and other Warrant Holders 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 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 Redemption Notice. It is included solely for the convenience of the Holders.
U.S. Bank
(800) 934-6802
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Datum: 13.11.2013 - 15:00 Uhr
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Die Pressemitteilung mit dem Titel:
"Notice of CONDITIONAL FULL Redemption of Corporate Backed Trust Certificates, Bristol-Myers Squibb Debenture-Backed Series 2002-18 Trust 1,007,200 $25 Par ($25,180,000 Certificate Principal Amount) Class A-1 Certificates due August 1, 2097 CUSIP No. 21988"
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