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 January 2, 2025. 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
- Distribution Date: January 2, 2025
- Underlying Asset: Aon Capital A 8.205% Capital Securities due 2027
- Aggregate Principal Held: $40,170,000
- Outstanding Certificates: 1,606,800 (representing $40,170,000 principal balance)
- Distribution per $25 Certificate (Class A): $1.025625 total ($0.000000 principal/premium; $1.025625 interest)
- Accrued Interest Unpaid: $0.000000
- Trustee Fees Paid from Proceeds: None
Material Changes
The filing does not disclose material changes to the financial condition of the Trust or the underlying issuer compared to prior periods. It serves strictly as a notification of the scheduled interest distribution. The filing explicitly states that neither the Trustee nor Structured Products Corp. has verified the accuracy of the underlying issuer's reports or investigated events that may have occurred since the last public disclosure.
Guidance, Outlook, and Risks
- Outlook: No forward-looking guidance or management commentary is provided in this filing.
- Ratings: The current credit rating of the Term Assets is not provided in the report. Investors are directed to contact Standard & Poor's or Moody's for current ratings.
- Risks and Contingencies: The filing includes a standard disclaimer that there can be no assurance that events affecting the underlying issuer (Aon plc) have not occurred or been disclosed which would impact the accuracy of publicly available documents.
Investor Verification Checklist
- Verify the current credit rating of Aon plc and the specific 8.205% Capital Securities due 2027 with rating agencies.
- Confirm the receipt of the $1.025625 per $25 certificate distribution.
- Review recent periodic reports (10-K/10-Q) filed by Aon plc (File No. 001-07933) for any undisclosed events affecting the underlying assets.
- Monitor for any future filings regarding the maturity of the Term Assets in 2027.