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, 2019. 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"). The underlying issuer is Aon plc.
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | July 1, 2019 |
| Aggregate Principal Outstanding | $40,170,000 |
| Certificates Outstanding | 1,606,800 |
| Principal Distribution per $25 Certificate | $0.000000 |
| Interest Distribution per $25 Certificate | $1.025625 |
| Total Distribution per $25 Certificate | $1.025625 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
The filing does not provide comparative financial data or prior period metrics to determine material changes in revenue, profit, or cash flow. The document serves strictly as a notice of a scheduled distribution event.
Outlook, Risks, and Contingencies
- Rating Information: The current credit 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.
- Contingencies: There is no assurance that events affecting the underlying issuer (Aon plc) have not occurred which would affect 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.
- Confirm the receipt of the $1.025625 interest distribution per $25 certificate.
- Review Aon plc's periodic SEC filings for any undisclosed events affecting the underlying securities.
- Validate that no fees were deducted from the Term Asset proceeds for this distribution period.