|By Marketwired .||
|July 8, 2014 05:10 PM EDT||
NEW YORK, NY -- (Marketwired) -- 07/08/14 --
NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Goldman Sachs Capital I Securities-Backed Series 2004-4, dated as of February 25, 2004, as amended (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-4 Trust (the "Trust"), that certain Call Warrant Holders have exercised their rights to purchase 171,000 of the 600,000 total outstanding Class A-1 Corporate Backed Trust Certificates (the "Class A-1 Certificates") and $183,850.00 Initial ($157,465.00 Current) Amortizing Notional Balance of the total outstanding $645,050.00 Initial ($552,478.00 Current) Amortizing Notional Balance Class A-2 Corporate Backed Trust Certificates (the "Class A-2 Certificates") (together, the "Certificates") on July 11, 2014 (the "Call Date" and "Redemption Date") each at the related Call Price, and effect an Optional Exchange for $4,275,000.00 face amount of the total $15,000,000.00 face amount Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034 CUSIP 38143VAA7* held as the Underlying Securities by the Trust.
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON JULY 11, 2014.
If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 171,000 Class A-1 Certificates and $183,850.00 Initial ($157,465.00 Current) Amortizing Notional Balance Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.60833333 accrued interest to the Redemption Date per Class A-1 Certificate and $880.80097906 interest per $1,000 stated Initial Amortizing Notional Balance Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $4,540,960.26, consisting of $4,275,000.00 principal and $104,025.00 accrued interest on the Class A-1 Certificates and $161,935.26 interest on the $183,850.00 Initial ($157,465.00 Current) Amortizing Notional Balance Class A-2 Certificates (the "Redemption Amount") selected for redemption. The Class A-2 Certificates are interest-only Certificates and will not receive payment of principal, but the total outstanding Amortizing Notional Balance of Class A-2 Certificates will be reduced by the $183,850.00 Initial ($157,465.00 Current) Amortizing Notional Balance selected for redemption. No further interest or principal will accrue after the Redemption Date on the Certificates selected for redemption. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the call warrant holder may elect to deliver a conditional notice of exercise in the future.
After giving effect to the above redemption of Certificates and Call Warrants exercise, 429,000 Class A-1 Certificates, $461,200.00 Initial ($395,015.00 Current) Amortizing Notional Balance Class A-2 Certificates, 429,000 Class A-1 Call Warrants and 18,448 Class A-2 Call Warrants will remain outstanding. $10,725,000.00 face amount Goldman Sachs Capital I 6.345% Capital Securities due February 15, 2034 will remain held as the Underlying Securities by the Trust.
This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.
U.S. Bank Trust National Association, as Trustee
*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 the Notice. It is included solely for the convenience of the Holders.
U.S. Bank National Association
Global Corporate Trust Services
100 Wall Street, 16th floor
New York, NY 10005
Aug. 26, 2016 02:15 AM EDT Reads: 1,925
Aug. 26, 2016 01:30 AM EDT Reads: 1,656
Aug. 26, 2016 01:15 AM EDT Reads: 2,001
Aug. 26, 2016 01:00 AM EDT Reads: 1,935
Aug. 26, 2016 12:45 AM EDT Reads: 2,237
Aug. 26, 2016 12:30 AM EDT Reads: 2,890
Aug. 25, 2016 11:45 PM EDT Reads: 2,270
Aug. 25, 2016 10:45 PM EDT Reads: 1,861
Aug. 25, 2016 10:15 PM EDT Reads: 1,708
Aug. 25, 2016 09:15 PM EDT Reads: 2,191
Aug. 25, 2016 09:00 PM EDT Reads: 1,694
Aug. 25, 2016 08:45 PM EDT Reads: 1,383
Aug. 25, 2016 06:30 PM EDT Reads: 1,929
Aug. 25, 2016 05:15 PM EDT Reads: 682
Aug. 25, 2016 04:15 PM EDT Reads: 470