Business Context and Reporting Period
This Form 8-K is a current report filed by Structured Products Corp. on behalf of the Credit Enhanced CorTS Trust for Aon Capital A. The report covers the distribution event dated January 4, 2021. The Trust holds $40,170,000 in aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027, issued by Aon plc.
Key Financial Metrics
- Distribution per Certificate: $1.025625 per $25 Certificate (Class A).
- Composition: $0.000000 principal/premium and $1.025625 interest.
- Outstanding Certificates: 1,606,800 certificates representing $40,170,000 aggregate principal balance.
- Unpaid Interest: $0.000000 as of the distribution date.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets.
- Credit Ratings: The filing does not provide the current rating of the Term Assets.
Material Changes
The filing reports a routine quarterly distribution event. There are no material changes to the principal balance or the underlying assets reported in this specific document. The aggregate principal amount of Term Assets held remains at $40,170,000.
Guidance, Outlook, and Risks
Management Commentary: The Trustee (U.S. Bank Trust National Association) explicitly states it has not participated in the preparation of the issuer's reporting documents, nor has it verified the accuracy or completeness of information regarding Aon plc. There is no assurance that undisclosed events affecting the issuer have not occurred.
Risks: Investors are advised that the Trustee makes no representation regarding the correctness of the CUSIP number and assumes no responsibility for the selection or use thereof.
Investor Verification Checklist
- Verify the current credit rating of Aon plc and the underlying 8.205% Capital Securities via Standard & Poor's or Moody's, as the filing does not include this data.
- Confirm the accuracy of the $1.025625 interest payment against the 8.205% coupon rate and the specific accrual period.
- Review Aon plc's periodic reports (File No. 001-07933) for any undisclosed events that may impact the underlying securities.
- Validate the outstanding certificate count of 1,606,800 against the $40,170,000 principal balance.