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 January 2, 2020. 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") as underlying collateral.
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 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 Term Assets proceeds.
Material Changes
The filing does not provide comparative financial data or prior period metrics to assess material changes in revenue, profit, or margins. The document serves strictly as a notice of a scheduled distribution event rather than a periodic financial performance report.
Guidance, Risks, and Contingencies
- Underlying Issuer: The Term Assets are issued by Aon plc (Exchange Act File Number 001-07933).
- 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.
- 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. There is no assurance that undisclosed events affecting the underlying securities have not occurred.
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 most recent periodic filings (10-K/10-Q) for any undisclosed events affecting the underlying collateral.
- Check for any subsequent amendments or notices regarding the Trust's status or the Term Assets.