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 2, 2014. The Trust holds capital securities issued by Aon plc (the underlying issuer) to support the Class A Certificates.
Key Financial Metrics
- Distribution Amount: $1.025625 per $25 Certificate (entirely interest; $0.00 principal).
- Aggregate Principal Outstanding: $40,170,000 (represented by 1,606,800 Certificates).
- Term Assets Held: $40,170,000 aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027.
- Unpaid Interest: $0.00 as of the distribution date.
- Trustee Fees: No fees were paid from the proceeds of the Term Assets for this period.
Material Changes
The filing does not report material changes to the Trust's structure or the underlying assets compared to prior periods. It serves strictly as a notification of the scheduled interest distribution. The aggregate principal balance of the Certificates and the Term Assets remains constant at $40,170,000.
Guidance, 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.
- Underlying Issuer Risk: There is no assurance that events affecting Aon plc have not occurred which would impact the accuracy of publicly available documents or the value of the underlying securities.
Investor Verification Checklist
- Verify the current credit rating of Aon plc's 8.205% Capital Securities due 2027 with rating agencies.
- Confirm the receipt of the $1.025625 per $25 interest distribution.
- Review Aon plc's periodic SEC filings for any undisclosed events affecting the underlying securities.
- Note that the Trustee has not independently verified the financial health of the underlying issuer.