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 July 1, 2013. The trust holds capital securities issued by Aon plc (the underlying issuer) to support the issuance of 8.205% Corporate-Backed Trust Securities (CorTS) Certificates, Class A.
Key Financial Metrics
- Outstanding Principal: $40,170,000 aggregate principal amount of Certificates (1,606,800 certificates).
- Underlying Assets: $40,170,000 aggregate principal amount of Aon Capital A 8.205% Capital Securities due January 1, 2027.
- 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.
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 distribution payment for the period ending July 1, 2013.
Outlook, Risks, and Contingencies
- Credit Ratings: The current 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.
- Disclosure Risk: There is no assurance that events affecting the underlying issuer (Aon plc) have not occurred or have not been publicly disclosed which could affect the accuracy of available documents.
Investor Verification Checklist
- Verify the current credit rating of Aon plc and the specific Term Assets (8.205% Capital Securities due 2027) via rating agencies, as this filing does not contain rating data.
- Confirm the receipt of the $1.025625 interest distribution per $25 certificate.
- Review periodic reports filed by Aon plc (File No. 001-07933) for any undisclosed events affecting the underlying securities.
- Note that the Trustee has not performed due diligence on the underlying issuer's financial condition.