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 July 1, 2021. 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 Amount: $1.025625 per $25 Certificate (Class A), consisting entirely of interest.
- Principal Distribution: $0.000000.
- Outstanding Certificates: 1,606,800 certificates representing a total principal balance of $40,170,000.
- Unpaid Interest: $0.000000 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
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 the scheduled distribution payment.
Outlook, Risks, and Contingencies
Management Commentary: The Trustee explicitly states that neither Structured Products Corp. nor the Trustee participated in the preparation of the underlying issuer's reports, conducted due diligence, or verified the accuracy of the underlying documents.
Risks: There is no assurance that events affecting the underlying issuer (Aon plc) or the securities have not occurred that would impact the accuracy of publicly available documents. Investors are directed to contact rating agencies directly for current credit ratings.
Investor Verification Checklist
- Verify the current credit rating of the underlying Aon Capital A 8.205% Capital Securities due 2027 with 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), via SEC filings.
- Review the specific terms of the 8.205% Capital Securities to understand the structure of the Term Assets backing the trust.