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, 2014. 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, 2014 |
| Class A Distribution (per $25 Certificate) | $1.000000 (Interest only) |
| Principal Distribution | $0.000000 |
| 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
The filing does not provide comparative financial data or prior period metrics to assess material changes in revenue, profit, or cash flow. The document serves solely as a notice of the scheduled distribution payment.
Outlook, Risks, and Contingencies
- Rating Information: The current credit rating of the underlying 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 have not occurred which would impact the accuracy of publicly available documents.
Investor Verification Checklist
- Verify the current credit rating of PECO Energy Company and the specific 7.38% Capital Securities due 2028.
- Confirm the receipt of the $1.00 per $25 certificate distribution payment.
- Review the most recent periodic reports filed by PECO Energy Company (File No. 000-16844) for any undisclosed events affecting the underlying assets.
- Validate the outstanding principal balance of $25,368,750 against internal records.