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, 2024. 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, 2024
- Underlying Assets: $40,170,000 aggregate principal of Aon Capital A 8.205% Capital Securities.
- Outstanding Certificates: 1,606,800 Certificates representing $40,170,000 aggregate principal balance.
- Distribution per $25 Certificate (Class A):
- Principal: $0.000000
- Interest: $1.025625
- Total: $1.025625
- Unpaid Interest: $0.000000 as of the Distribution Date.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets.
Material Changes
The filing does not provide comparative financial data or prior period metrics to assess material changes in revenue, profit, or cash flow. The document serves strictly as a notice of a scheduled distribution event rather than a periodic financial performance report.
Outlook, Risks, and Contingencies
- Credit Ratings: The current 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.
- Information Risk: There is no assurance that events affecting the underlying issuer (Aon plc) have not occurred or been disclosed that would impact the accuracy of publicly available documents.
Investor Verification Checklist
- Verify the current credit rating of the underlying Aon Capital A 8.205% Capital Securities with rating agencies.
- Confirm the payment status of the $1.025625 per $25 certificate distribution.
- Review periodic reports filed by Aon plc (File No. 001-07933) for any undisclosed events affecting the underlying assets.
- Note that the Trustee has not performed due diligence on the underlying issuer's financial health.