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. The report date is January 2, 2018. The Trust holds $40,170,000 in aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027, issued by Aon plc.
Key Financial Metrics
- Distribution Date: January 2, 2018
- Class A Distribution: $1.025625 per $25 Certificate (entirely interest; $0.00 principal).
- Outstanding Certificates: 1,606,800 certificates representing $40,170,000 aggregate principal balance.
- Unpaid Interest: $0.00 as of the Distribution Date.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets.
- Credit Ratings: The filing does not provide the current rating of the Term Assets.
Material Changes
The filing does not disclose material changes in financial position compared to a prior period. It serves as a routine notification of a scheduled interest distribution. The aggregate principal amount of Term Assets held remains $40,170,000.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance or management commentary regarding future performance. It includes standard disclaimers stating that neither Structured Products Corp. nor the trustee has verified the accuracy of reports filed by the underlying issuer (Aon plc) and that no assurance exists that undisclosed events have not occurred affecting the underlying securities.
Investor Verification Checklist
- Verify the current credit rating of Aon plc and the specific 8.205% Capital Securities due 2027, as this filing does not provide them.
- Confirm the receipt of the $1.025625 per $25 certificate interest payment.
- Review periodic reports filed by Aon plc (File No. 001-07933) for any undisclosed events affecting the underlying assets.
- Monitor the status of the Term Assets to ensure no default or acceleration events have occurred since the distribution date.