8-K 1 form8-k43002.htm FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 30, 2002

Structured Products Corp., on behalf of

TIERS Corporate Bond-Backed Certificates Trust IBM 1997-4
TIERS Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS Corporate Bond-Backed Certificates Trust APA 1997-8
TIERS Corporate Bond-Backed Certificates Trust JPM 1998-2
TIERS Corporate Bond-Backed Certificates Trust MOT 1998-5
TIERS TENS Certificates Trust LTR 1998-4
TIERS Corporate Bond-Backed Certificates Trust C 1998-6
TIERS Corporate Bond-Backed Certificates Trust JC Penney 1999-1
CorTS Trust for J.C. Penney Debentures, Corporate-Backed Trust Securities
CorTS Trust for BellSouth Debentures, Corporate-Backed Trust Securities
CorTS Trust for Xerox Capital Trust I, Corporate-Backed Trust Securities
CorTS Trust for Southern Company Capital Trust I, Corporate-Backed Trust Securities
CorTS Trust for Countrywide Capital I , Corporate Backed Trust Securities
GINsK Principal-Protected Trust Certificates, Series Yen Bear 1999-1
TIERS Principal-Protected Asset Backed Certificates Trust Series Telecom 2000-13
TIERS Principal-Protected Asset Backed Certificates Trust Series Semiconductor 2000-14
TIERS Principal-Protected Asset Backed Certificates Trust Series Nasdaq 2000-15
CorTS Trust for AON Capital A
CorTS Trust for Allstate Financing
CorTS Trust for PECO Energy Capital Trust III
CorTS Trust for Safeco Capital Trust I
CorTS Trust for First Union Institutional Capital I
CorTS Trust for Provident Financing Trust I
CorTS Trust II for Countrywide Capital I
CorTS Trust II for Ford Debentures
CorTS Trust II for IBM Debentures
CorTS Trust II for Provident Financing Trust I
CorTS Trust II for BellSouth Debentures
CorTS Trust for Chrysler Debentures
CorTS Trust for First Union Capital I
CorTS Trust for Ford Debentures
CorTS Trust for IBM Debentures
CorTS Trust III for First Union Institutional Capital II
CorTS Trust III for IBM Debentures
CorTS AFC Capital Trust I
CorTS Trust for Worldcom Debentures
CorTS Trust II for First Union Capital I
CorTS Trust II for Chrysler Debentures

CorTS Trust II for Sherwin Williams
CorTS Trust for Great Western Financial
CorTS Trust II for Safeco Capital Trust I
CorTS Trust for Allstate Financing II
CorTS Trust for Fleet Capital Trust II
CorTS Trust for PECO Energy Capital Trust III
CorTS Trust for Provident Financing Trust I UnumProvident, Corporate-Backed Trust Securities
CorTS Trust II for Countrywide Capital I
CorTS US West Communications Debentures
CorTS Trust II for Provident Financing Trust I UnumProvident, Corporate-Backed Trust Certificates
CorTS Trust for Corning Notes
CoRTS Trust III for Provident Financing
TIERS Principal-Protected Certificates Trust PXT 2000-11
CorTS Trust for BankAmerica Institutional Capital B
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-19
TIERS Principal Protected Asset Backed Certificates Series Nasdaq 2000-15
TIERS Principal Protected Asset Backed Certificate Trust Series Telecom 2000-13
TIERS Principal Protected Asset Backed Certificates Series Nasdaq 2001-8
TIERS Principal-Protected Asset Backed Certificates Trust Series S&P 2001-11

(Exact name of registrant as specified in its charter)

Delaware

33-55860/
33-357357

13-3692801

(State or other jurisdiction
of incorporation or
organization)

(Commission
File Number)

(IRS Employer
Identification
Number)

390 Greenwich Street, New York, New York

10013

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number including area code (212) 783-6645

Item 1.

Changes in Control of Registrant.

Not Applicable.

Item 2.

Acquisition or Disposition of Assets.

Not Applicable.

Item 3.

Bankruptcy or Receivership.

Not Applicable.

Item 4.

Changes in Registrant's Certifying Accountant.

Not Applicable.

Item 5.

Other Events.

Item 6.

Resignations of Registrant's Directors.

Not Applicable.

Item 7.

Financial Statements, Pro-Forma Financial Information and Exhibits.

(a)    Not Applicable.

(b)    Not Applicable.

(c)    Exhibits.

Trustee’s Report with respect to the April 30^th, 2002 Distribution Date for the CORTS Trust for Peco Energy Capital Trust III Certificates

No reports required for the other series listed.

Not Applicable.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

By:
          Name: Timothy P. Beaulac
          Title: President and Finance Officer

April 30, 2002
EXHIBIT INDEX

Exhibit

Page

Trustee's Report in respect to the April 30th, 2002 Distribution Date for the CORTS Trust for
Peco Energy Capital Trust III Certificates................................................................................

CUSIP: 22080R206

Exhibit 1

To the Holders of
CORTS Trust for Peco Energy Capital Trust III Certificates
CUSIP: 22080R206

Pursuant to Section 4.3 of the Trust Agreement, U.S. Bank Trust National Association, as Trustee for the CorTS Trust Peco Energy Capital Trust III Certificates CUSIP: 22080R206, hereby gives notice with respect to the Distribution occurring on April 30, 2002 (the “Distribution Date”) as follows:

1.	The amount of the distribution payable to the Certificate Holders on the Distribution Date allocable to principal and premium, if any, and interest expressed as a dollar amount per $25 unit thereof securities, is as set forth below:

Principal
$0.00

Interest
1.000000

Total Distribution
1.000000

2.	The amount of aggregate interest due and not paid as of the Distribution Date is .00

3.	No fees have been paid to the Trustee or any other party from the proceeds of the Term Assets.

4.	$27,500,000.00 aggregate principal amount of Peco Energy Capital Trust III pass thru securities due 4-6-2028 (the "Term Assets") are held for the above trust. The Term Assets are currently rated by Moody's Investors Service, Inc. and by Standard and Poor's Ratings Group.

5.	The Aggregate Certificate Principal Balance of the Certificates at the close of business on the Distribution Date is $1,640,914.00

U.S. Bank Trust National Association as Trustee