Structured Asset Trust Unit Repackagings (SATURNS); Series 2004-2 Trust; Receipt of Notice of Intent to Exercise Warrants in ...
August 02 2012 - 3:42PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Goldman
Sachs Group Inc. Debenture Backed Series 2004-2 (the “Trust”) (New
York Stock Exchange Ticker Symbol “HJG”), announced today that it
has received a notice of intent to acquire a combined Unit
Principal Balance of 30,000,000 Class A Units and the equivalent
Notional Amount of Class B Units (the “Bonds”) held by the Trust,
on August 17, 2012 (the “Intended Settlement Date”). The Warrants
with respect to which the notice of intended exercise has been
received represent 100% of the outstanding Bonds held by the Trust.
Under the terms of the Warrants, delivery of the notice does not
give rise to an obligation on the part of the Warrantholder to pay
the specified call price; and if by 4 p.m. New York time on the
Business Day prior to the Intended Settlement Date the party
exercising the Warrant has not paid the required call price, the
Call Notice will be effectively rescinded, in which case settlement
of the relevant Warrants would not occur and the Warrants would
continue in effect and could be exercised on a subsequent date. If
settlement of the Warrants occurs pursuant to the Call Notice on
the Intended Settlement Date, then Class A Unitholders will receive
the par value plus accrued interest of each Class A Unit and Class
B Unitholders will receive accrued interest plus the Class B
Present Value Amount in relation to each Class B Unit, each in an
amount to be determined in accordance with the Trust Agreement.
CUSIP: 80411U207 (A Units)
80411UAA6 (B Units)
Symbol: HJG
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