Business Context and Reporting Period
This Form 8-K filing by Structured Products Corp. on behalf of the CorTS Trust for PECO Energy Capital Trust III reports a distribution event for the period ending October 31, 2016. The Trust holds 7.38% Capital Securities due April 6, 2028, issued by PECO Energy Company (the "Term Assets").
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | October 31, 2016 |
| Class A Distribution (Principal) | $0.000000 per $25 Certificate |
| Class A Distribution (Interest) | $1.000000 per $25 Certificate |
| Total Distribution per Certificate | $1.000000 |
| Aggregate Term Assets Held | $27,500,000 |
| Outstanding Class A Certificates | 1,014,750 |
| Aggregate Certificate Principal Balance | $25,368,750 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not disclose material changes in financial position compared to prior periods, as it is a routine distribution notice. The aggregate principal amount of Term Assets held remains at $27,500,000.
Guidance, Outlook, and Risks
- Rating Information: The current credit rating of the Term Assets is not provided in this report. Investors are directed to contact Standard & Poor's or Moody's for current ratings.
- Due Diligence Disclaimer: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of the issuer's reports, nor have they verified the accuracy or completeness of the issuer's information.
- Contingencies: There is no assurance that undisclosed events affecting the issuer (PECO Energy Company) have not occurred that could impact the accuracy of public documents.
Investor Verification Checklist
- Verify the current credit rating of PECO Energy Company's 7.38% Capital Securities due 2028 with rating agencies.
- Confirm the receipt of the $1.00 interest distribution per $25 Class A Certificate.
- Review PECO Energy Company's periodic filings (File No. 000-16844) for any undisclosed events affecting the underlying securities.
- Validate the outstanding certificate count of 1,014,750 against personal holdings.