Conditional Partial Redemption of Trust Certificates (TRUCs), Series 2001-2 Trust; Class A-1 Certificates CUSIP* 89826S202 (NYSE: TZF)
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 05/18/15 -- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement for the Trust Certificates (TRUCs) Series 2001-2 dated as of July 10, 2001 (the "Trust Agreement") in respect of the Trust Certificates (TRUCs) Series 2001-2 Trust (the "Trust"), received notice that certain Call Warrants holders have exercised their right to purchase $1,000,000 of the Underlying Securities of the Trust on June 15, 2015 (the "Call Date").
If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Call Date, then 39,959 of the 59,939 total outstanding Class A-1 Trust Certificates (TRUCs) Series 2001-2 (the "Class A-1 Certificates") selected by lot will be redeemed on June 15, 2015 (the "Redemption Date") at a price of $25.00 principal plus accrued interest of $0.069027753 per Certificate. The total payment on the Class A-1 Certificates selected for redemption will be $1,001,733.28, consisting of $998,975.00 principal plus $2,758.28 accrued interest (the "Redemption Amount"). No interest will accrue on the Class A-1 Certificates selected for redemption after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Class A-1 Certificates selected for redemption will remain outstanding and will continue to accrue interest as if no exercise notice had been given and (ii) these and other Call Warrants Holders may elect to deliver notices 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 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 Redemption Notice. It is included solely for the convenience of the Holders.
Bondholder Services
(800) 934-6802
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2015 - 20:00 Uhr
Sprache: Deutsch
News-ID 394068
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 222 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Conditional Partial Redemption of Trust Certificates (TRUCs), Series 2001-2 Trust; Class A-1 Certificates CUSIP* 89826S202 (NYSE: TZF)"
steht unter der journalistisch-redaktionellen Verantwortung von
Trust Certificates (TRUCs), Series 2001-2 Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
