Corts(R) Trust Iii For Verizon Global Funding Notes - Current report filing (8-K)
December 11 2007 - 4:03PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported):
December 1, 2007
Structured Products Corp.
on
behalf of
CorTS Trust III for Verizon Global Funding
Notes
(Exact name of registrant as specified in its charter)
Delaware
|
001-32180
|
13-3692801
|
(State or other jurisdiction of incorporation or
organization)
|
(Commission File Number)
|
(IRS Employer Identification Number)
|
|
|
|
388 Greenwich Street
New York, New York
|
10013
|
(212) 816-7496
|
(Address of principal executive
offices)
|
(Zip Code)
|
(Registrant's telephone number including area
code)
|
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR
240.13e-4(c))
1
Section 8 - Other Events
Item 8.01 Other Events.
This current report on Form 8-K relates to a distribution made to
holders of the Certificates issued by the
CorTS Trust III for Verizon Global Funding
Notes
.
The issuer of the underlying securities, or guarantor thereof, or
successor thereto, as applicable, is subject to the information reporting requirements
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic
reports and other information required to be filed pursuant to the Exchange Act, by the
issuer of the underlying securities, or guarantor thereof, or successor thereto, as
applicable, may be inspected and copied at the public reference facilities maintained
by the Securities and Exchange Commission (the "Commission") at 450 Fifth Street, N.W.,
Washington, D.C. 20549. The Commission also maintains a site on the World Wide Web at
"http://www.sec.gov" at which users can view and download copies of reports, proxy and
information statements and other information filed electronically through the
Electronic Data Gathering, Analysis and Retrieval system. Neither Structured Products
Corp. nor the trustee has participated in the preparation of such reporting documents,
or made any due diligence investigation with respect to the information provided
therein. Neither Structured Products Corp. nor the trustee has verified the accuracy or
completeness of such documents or reports. There can be no assurance that events
affecting the issuer of the underlying securities, or guarantor thereof, or successor
thereto, as applicable, or the underlying securities have not occurred or have not yet
been publicly disclosed which would affect the accuracy or completeness of the publicly
available documents described above.
Underlying Securities Issuer(s) or
Guarantor,
or successor
thereto
|
Exchange Act File Number
|
Verizon Communications Inc.
|
001-08606
|
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
|
1.
|
Trustee’s Report with respect to the December
1, 2007 Distribution Date for the
CorTS Trust
III for Verizon Global Funding Notes
|
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
By:
/s/
John W.
Dickey
|
Title:
|
Authorized Signatory
|
December 1, 2007
3
EXHIBIT INDEX
Exhibit
|
|
Page
|
1
|
Trustee’s Report with respect to the December 1,
2007 Distribution Date for the
CorTS Trust
III for Verizon Global Funding Notes
|
5
|
4
To the Holders of:
|
|
CorTS Trust III for Verizon Global Funding
Notes
|
6.25%
Corporate-Backed Trust Securities (CorTS) Class A
Certificates
|
*CUSIP:
|
22082R204
|
|
Class:
|
A
|
*CUSIP:
|
22082RAA3
|
|
Class:
|
B
|
|
|
|
|
|
|
U.S.
Bank Trust National Association, as Trustee for the CorTS Trust III for Verizon Global
Funding Notes, hereby gives notice with respect to the Distribution Date of December 1,
2007 (the “Distribution Date”) as follows:
1.
|
The amount of the distribution payable to the
Certificateholders on the Distribution Date allocable to principal and
premium, if any, and interest, expressed as a dollar amount per $25
Class A Certificate and per $1,000 Notional Amount of Class B
Certificates, is as set forth below:
|
Class
|
Principal
|
Interest
|
Total Distribution
|
A
|
$
|
0.000000
|
$
|
0.781250
|
$
|
0.781250
|
B
|
$
|
0.000000
|
$
|
7.500000
|
$
|
7.500000
|
2.
|
The amount of aggregate interest due and not paid as of
the Distribution Date is
$
0.000000
.
|
3.
|
No fees have been paid to the Trustee or any other party
from the proceeds of the Term Assets.
|
4.
|
$25,000,000
aggregate principal amount of
Verizon Global Funding Corp. 7.75%
notes due December 1, 2030
(the
“Term Assets”) are held for the above trust.
|
5.
|
At the close of business on the Distribution
Date,
1,000,000
Class A Certificates representing
$25,000,000
aggregate Certificate Principal Balance and
$25,000,000
aggregate Notional Amount of Class B Certificates were
outstanding.
|
6. The current rating of the Term Assets is not provided in this report.
Ratings can be obtained from Standard & Poor’s Ratings Services, a division
of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s
Investors Service, Inc. by calling 212-553-0377.
U.S. Bank Trust National Association, as
Trustee
|
*The
Trustee shall not be held responsible for the selection or use of the CUSIP number nor
is any representation made as to its correctness. It is included for the convenience of
the Holders.
5
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