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Conditional Full Redemption of CorTS Trust II for Verizon Global Funding Notes

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Conditional Full Redemption of CorTS Trust II for Verizon Global Funding Notes Powered By Docstoc
					Conditional Full Redemption of CorTS Trust II for
Verizon Global Funding Notes
Class A CUSIP Number: 22082L207*
Class B2 CUSIP Number:22082LAB4
Please forward this notice to all beneficial holders.

September 13, 2010 04:52 PM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--U.S. Bank Trust National Association serves as trustee (the
“Trustee”) for the above-referenced Trust (the “Trust”) formed pursuant to the terms of the Base Trust Agreement
dated as of December 15, 2000, as supplemented by the Series Supplement Series 2003-4, dated as of December
23, 2003 (collectively, the “Trust Agreement”) by and between Structured Products Corporation (the “Depositor”)
and the Trustee. Capitalized terms used herein have the meanings set forth in the Trust Agreement.

The Warrantholder has given notice to the Trustee that the Warrantholder is exercising 25,000 Call Warrants for the
purchase of $25,000,000 principal amount of the Term Assets held by the Trust on Friday, September 24, 2010
(the “Warrant Exercise Date” or “Redemption Date”).

THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE
TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE
DATE.THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE
EXERCISED ON THE WARRANT EXERCISE DATE.

If the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the
Redemption Date, then (i) 1,000,000 of Class A Certificates issued by the Trust will be redeemed on the
Redemption Date at a price of $25.00 per Class A Certificate plus accrued interest of $0.480642 per Class A
Certificate to the Redemption Date and, (ii) 25,000 Class B2 Certificates will be redeemed on the Redemption Date
after payment of the Warrant Class B2 Purchase Price of $186.819128 plus accrued and unpaid interest of
$5.100694 per Class B2 Certificate to the Redemption Date.

If the Certificates are redeemed, no interest will accrue on the Certificates after the Redemption Date. If the Trustee
does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be
redeemed and they will continue to accrue distributions as if no exercise notice had been given and (ii) the
Warrantholder may elect to deliver a conditional notice of exercise in the future.

This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more
information about this conditional redemption, Holders with questions may contact Bondholder Services at (800)
934-6802.

*U.S. Bank shall not be held responsible for the selection or the use of the CUSIP number, nor is any representation
made as to its correctness indicated in this notice. It is included solely for the convenience of the holders.

Contacts
Bondholder Services, 800-934-6802

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Description: NEW YORK--(EON: Enhanced Online News)--U.S. Bank Trust National Association serves as trustee (the “Trustee”) for the above-referenced Trust (the “Trust”) formed pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the Series Supplement Series 2003-4, dated as of December 23, 2003 (collectively, the “Trust Agreement”) by and between Structured Products Corporation (the “Depositor”) and the Trustee. Capitalized terms used herein have the meanings set a styl
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