Business Context and Reporting Period
This Form 8-K filing by Structured Products Corp. on behalf of the CorTS Trust for PECO Energy Capital Trust III reports a distribution event for the period ending October 31, 2017. The trust holds 7.38% Capital Securities due April 6, 2028, issued by PECO Energy Company (the underlying issuer).
Key Financial Metrics
| Metric | Value |
|---|---|
| Distribution Date | October 31, 2017 |
| Class A Distribution (Principal) | $0.000000 per $25 Certificate |
| Class A Distribution (Interest) | $1.000000 per $25 Certificate |
| Total Distribution per Certificate | $1.000000 |
| Aggregate Term Assets Held | $27,500,000 |
| Outstanding Class A Certificates | 1,014,750 |
| Aggregate Certificate Principal Balance | $25,368,750 |
| Unpaid Interest | $0.000000 |
| Trustee Fees Paid from Proceeds | $0.00 |
Material Changes
This filing is a routine distribution notice and does not report material changes to the trust's structure, the underlying assets, or the financial condition of the issuer compared to prior periods. The filing confirms the payment of interest and the absence of principal payments or unpaid interest accruals as of the distribution date.
Guidance, Outlook, and Risks
- Management Commentary: The filing contains no forward-looking guidance or management commentary regarding future performance.
- Ratings: 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.
- Contingencies and Disclaimers: Structured Products Corp. and the Trustee explicitly state they have not participated in the preparation of the issuer's reports, have not verified the accuracy of the issuer's information, and make no assurance that undisclosed events have not occurred that could affect the accuracy of public documents.
Investor Verification Checklist
- Verify the current credit rating of PECO Energy Company and the specific Term Assets via Standard & Poor's or Moody's, as the filing does not include this data.
- Confirm the receipt of the $1.000000 interest distribution per $25 Class A Certificate.
- Review PECO Energy Company's periodic reports (File No. 000-16844) for any undisclosed events affecting the underlying securities.
- Note that no principal payments were made on this distribution date.