Notice of CONDITIONAL PARTIAL Redemption Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Serie...
April 10 2014 - 4:00PM
Marketwired
Notice of CONDITIONAL PARTIAL Redemption Corporate Backed Trust
Certificates, Goldman Sachs Capital I Securities-Backed Series
2004-4 Trust 3,800,000 $25 Par ($95,000,000 Certificate Principal
Amount) Class A-1 Certificates Due February 15, 2034 CUSIP No.
21988K875* (NYSE: JZC) $4,085,875.00 Initial ($3,499,538.00
Current) Amortizing Notional Balance Class A-2 Certificates Due
February 15, 2034 CUSIP No. 21988KAL1*
(Relating to 3,800,000 Class A-1 Call Warrants CUSIP No.
21988K354* and 163,435 Class A-2 Call Warrants CUSIP No.
21988K362*)
NEW YORK, NY--(Marketwired - Apr 10, 2014) - 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
1,200,000 of the 3,800,000 total outstanding Class A-1 Corporate
Backed Trust Certificates (NYSE: JZC) (the "Class A-1
Certificates") and $1,290,300.00 Initial ($1,105,138.00 Current)
Amortizing Notional Balance of the total outstanding $4,085,875.00
Initial ($3,499,538.00 Current) Amortizing Notional Balance Class
A-2 Corporate Backed Trust Certificates (the "Class A-2
Certificates") (together, the "Certificates") on April 15, 2014
(the "Call Date" and "Redemption Date") each at the related Call
Price, and effect an Optional Exchange for $30,000,000.00 face
amount of the total $95,000,000.00 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 THE REDEMPTION DATE.
If the Trustee receives the Call Price by 10:00 a.m. (New York
City time) on the Redemption Date, then 1,200,000 Class A-1
Certificates and $1,290,300.00 Initial ($1,105,138.00 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 $0.25000000 accrued interest to the
Redemption Date per Class A-1 Certificate and $866.48940556
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 $31,418,031.28,
consisting of $30,000,000.00 principal and $300,000.00 accrued
interest on the Class A-1 Certificates and $1,118,031.28 interest
on the $1,290,300.00 Initial ($1,105,138.00 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 $1,290,300.00 Initial
($1,105,138.00 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.
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 (800) 934-6802
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