Notice of CONDITIONAL PARTIAL Redemption Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Serie...
22 3월 2014 - 5:00AM
Marketwired
Notice of CONDITIONAL PARTIAL Redemption Corporate Backed Trust
Certificates, Goldman Sachs Capital I Securities-Backed Series
2004-7 Trust 885,000 $25 PAR ($22,125,000 Certificate Principal
Amount) Class A-1 Certificates Due February 15, 2034 CUSIP NO.
21988K834* (NYSE: JBO) $119,000.00 Initial ($102,678.00 Current)
Amortizing Notional Balance Class A-2 Certificates Due February 15,
2034 CUSIP No. 21988KAN7*
(Relating to 885,000 Class A-1 Call Warrants CUSIP No.
21988K396* and 119 Class A-2 Call Warrants CUSIP No. 21988K412*)
(Underlying Securities Are $22,125,000 Principal Amount 6.345%
Capital Securities Due February 15, 2034 CUSIP 38143VAA7* Issued by
Goldman Sachs Capital I)
NEW YORK, NY--(Marketwired - Mar 21, 2014) - 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,
Goldman Sachs Capital I Securities-Backed Series 2004-7, dated as
of April 30, 2004 (the "Trust Agreement") in respect of
the Corporate Backed Trust Certificates, Goldman Sachs Capital I
Securities-Backed Series 2004-7 Trust (the "Trust"), that certain
Call Warrant Holders have exercised their rights to purchase
200,000 of the 885,000 total outstanding Class A-1 Corporate Backed
Trust Certificates (NYSE: JBO) (the "Class A-1 Certificates") and
$27,000.00 Initial ($23,297.00 Current) Amortizing Notional Balance
of the total outstanding $119,000.00 Initial ($102,678.00 Current)
Amortizing Notional Balance Class A-2 Corporate Backed Trust
Certificates (the "Class A-2 Certificates") (together, the
"Certificates") on March 28, 2014 (the "Call Date" and "Redemption
Date") each at the related Call Price, and effect an Optional
Exchange for $5,000,000.00 principal amount of the Underlying
Securities held by the Trust.
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY
THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE
REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL
WARRANTS WILL IN FACT BE EXERCISED ON MARCH 28, 2014.
If the Trustee receives the Call Price by 10:00 a.m. (New York
City time) on the Redemption Date, then 200,000 Class A-1
Certificates and $27,000 Initial ($23,297.00 Current) Amortizing
Notional Balance Class A-2 Certificates described above will be
selected for redemption on the Redemption Date at a price of $25.00
principal plus $0.18812500 accrued interest to the Redemption Date
per Class A-1 Certificate and $870.47851852 interest per $1,000
stated Initial Amortizing Notional Balance Class A-2 Certificate
selected for redemption (the "Call Price"). The total payment
of the Redemption Amount on the Certificates will be $5,061,127.92,
consisting of $5,000,000.00 principal and $37,625.00 accrued
interest on the Class A-1 Certificates and $23,502.92 interest on
the $27,000 Initial ($23,297.00 Current) Amortizing Notional
Balance Class A-2 Certificates selected for redemption (the
"Redemption Amount"). The Class A-2 Certificates are
interest-only Certificates and will not receive payment of
principal, but the total outstanding Amortizing Notional Balance of
Class A-2 Certificates will be reduced by the $27,000 Initial
($23,297.00 Current) Amortizing Notional Balance selected for
redemption. 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.
By U.S. Bank Trust National Association as Trustee
March 21, 2014
*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 National Association Corporate Trust Services 100 Wall
Street, 16th floor New York, NY 10005 (800) 934-6802
Lehman 6.30 GS Cap I (NYSE:JBO)
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