Business Context and Reporting Period
This Form 8-K is filed by Synthetic Fixed-Income Securities, Inc. on behalf of the STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2. The report covers events occurring on September 5, 2006, regarding the administration of the Trust's assets and certificate holdings.
Key Financial Metrics
- Asset Composition: The Trust holds Goldman Sachs Group 6.125% Notes due February 15, 2033.
- Outstanding Certificates: As of the close of business on September 5, 2006, 2,650,000 STRATS(SM) Certificates were outstanding.
- Aggregate Principal Balance: The outstanding certificates represent an aggregate principal balance of $66,250,000.
- Underlying Assets Held: The Trust holds $66,250,000 in aggregate principal amount of the underlying Goldman Sachs Notes.
Material Changes
On September 5, 2006, Synthetic Fixed-Income Securities, Inc. surrendered 150,000 STRATS(SM) Certificates, Series 2006-2, held by it. These certificates had an aggregate stated amount of $3,750,000. In exchange, the Trust distributed Goldman Sachs Group 6.125% Notes due February 15, 2033, with a principal balance equal to $3,750,000. This transaction was executed in accordance with the optional exchange provisions of Section 39 of the Series Supplement.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard operational context of the Trust. The filing focuses solely on the execution of a specific optional exchange event.
Investor Verification Checklist
- Verify the current outstanding principal balance of $66,250,000 for Series 2006-2 certificates.
- Confirm the terms of the underlying Goldman Sachs Group 6.125% Notes due February 15, 2033.
- Review Section 39 of the Series Supplement to understand the optional exchange provisions utilized in this transaction.
- Check for any subsequent filings regarding further surrenders or distributions of certificates.