Business Context and Reporting Period
This Form 8-K filing by Structured Products Corp. on behalf of the Credit Enhanced CorTS Trust for Aon Capital A reports a distribution event for the period ending July 1, 2022. The Trust holds $40,170,000 in aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027, which serve as the underlying Term Assets.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | July 1, 2022 |
| Aggregate Principal Outstanding | $40,170,000 |
| Certificates Outstanding | 1,606,800 |
| Interest Distribution per $25 Certificate | $1.025625 |
| Principal Distribution per $25 Certificate | $0.000000 |
| Total Distribution per $25 Certificate | $1.025625 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not provide comparative financial data or prior period metrics to assess material changes in revenue, profit, or margins. The document serves strictly as a notice of the scheduled distribution payment for the specified date.
Outlook, Risks, and Management Commentary
- Underlying Issuer: The underlying securities are issued or guaranteed by Aon plc (Exchange Act File Number 001-07933).
- 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.
- Disclaimer: Structured Products Corp. and the Trustee have not participated in the preparation of the underlying issuer's reports, nor have they verified the accuracy or completeness of such documents. There is no assurance that undisclosed events have not occurred that would affect the accuracy of public information regarding the underlying securities.
Key Facts for Investor Verification
- Verify the current credit rating of Aon plc and the specific 8.205% Capital Securities due 2027, as this filing does not contain rating data.
- Confirm the total distribution amount received matches the calculated rate of $1.025625 per $25 certificate.
- Review Aon plc's periodic SEC filings for any undisclosed events that may impact the value of the underlying Term Assets.
- Note that no fees were deducted from the Term Asset proceeds for this distribution period.