Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on behalf of the Credit Enhanced CorTS Trust for Aon Capital A. The report covers the distribution event dated January 2, 2015. The trust holds capital securities issued by Aon plc (the underlying issuer) to support the issuance of 8.205% Corporate-Backed Trust Securities (CorTS) Certificates, Class A.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | January 2, 2015 |
| Aggregate Principal Amount of Term Assets | $40,170,000 |
| Outstanding Certificates | 1,606,800 |
| Aggregate Certificates Principal Balance | $40,170,000 |
| Distribution per $25 Certificate (Principal) | $0.000000 |
| Distribution per $25 Certificate (Interest) | $1.025625 |
| Total Distribution per $25 Certificate | $1.025625 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing reports a routine interest distribution event. There are no material changes to the principal balance of the Term Assets or the outstanding certificates reported in this specific filing. The distribution consisted entirely of interest payments with no principal repayment.
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 underlying issuer's reports, nor have they verified the accuracy or completeness of such documents.
- Contingencies: The filing notes there can be no assurance that undisclosed events affecting the underlying issuer (Aon plc) have not occurred which might impact the accuracy of publicly available documents.
Key Facts for Investor Verification
- Verify the current credit rating of the underlying Aon plc 8.205% Capital Securities due 2027, as it is not included in this filing.
- Confirm the financial health and reporting status of the underlying issuer, Aon plc (Exchange Act File No. 001-07933), given the Trustee's disclaimer regarding due diligence.
- Validate the calculation of the interest distribution ($1.025625 per $25 certificate) against the 8.205% coupon rate and the specific accrual period.