Notice of CONDITIONAL FULL Redemption Corporate Backed Trust Certificates, Boeing Note-Backed Series 2003-7 Trust 1,650,800 $25 Par ($41,270,000 Certificate Principal Amount) Class A-1 Certificates due February 15, 2033 CUSIP No. 21988G262* (NYSE: XVG) $4
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 09/18/14 -- 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, Boeing Note-Backed Series 2003-7, dated as of March 21, 2003, (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Boeing Note-Backed Series 2003-7 Trust (the "Trust") (NYSE: XVG)
If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then the Certificates selected pro rata for redemption will be redeemed on the Redemption Date at a price of $25.00 principal plus $0.15965278 accrued interest to the Redemption Date per Class A-1 Certificate and $7.63159050 interest per $1,000 stated notional amount Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $41,848,510.55, consisting of $41,270,000.00 principal and $263,554.81 accrued interest on the Class A-1 Certificates and $314,955.74 interest on the $41,270,000 notional amount 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. No further interest will accrue on the Certificates selected for redemption after the Redemption Date. 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, no Certificates or Call Warrants will remain outstanding and no Underlying Securities will remain held 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 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.
Global Corporate Trust Services
100 Wall Street, 16th floor
New York, NY 10005
(800) 934-6802
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Datum: 18.09.2014 - 20:00 Uhr
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News-ID 337559
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