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 3, 2022. The Trust holds $40,170,000 in aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027 (the "Term Assets"). U.S. Bank Trust National Association serves as the Trustee.
Key Financial Metrics
- Outstanding Certificates: 1,606,800 certificates representing a total principal balance of $40,170,000.
- Distribution per Certificate: $1.025625 per $25 certificate.
- Distribution Composition: $0.000000 principal/premium and $1.025625 interest.
- Unpaid Interest: $0.000000 aggregate interest due and not paid as of the Distribution Date.
- Trustee Fees: No fees were paid to the Trustee or other parties from the proceeds of the Term Assets.
- Credit Ratings: The current rating of the Term Assets is not provided in this filing.
Material Changes
This filing is a routine distribution notice and does not report material changes to the underlying assets, debt levels, or liquidity positions compared to prior periods. The aggregate principal amount of Term Assets held remains at $40,170,000.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary, or specific risk factors beyond standard disclosures. The Trustee explicitly states it has not participated in the preparation of the underlying issuer's reports, has not conducted due diligence, and has not verified the accuracy or completeness of documents filed by Aon plc (the underlying issuer). Investors are advised that events affecting the underlying securities may not yet be publicly disclosed.
Investor Verification Checklist
- Verify the current credit rating of the underlying Aon Capital A 8.205% Capital Securities due 2027 via Standard & Poor's or Moody's, as it is not included in this report.
- Confirm the financial health and reporting status of the underlying issuer, Aon plc (File No. 001-07933), given the Trustee's disclaimer regarding verification.
- Review the specific terms of the 8.205% Capital Securities to understand the structure of the interest payments received.