Conditional Redemption of Corporate Backed Trust Certificates Ford Motor Co. Debenture-Backed Series 2001-36 Trust
October 03 2012 - 4:10PM
Marketwired
U.S. Bank Trust National Association, as Trustee, under 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, Ford Motor Co. Debenture-Backed Series 2001-36 Trust,
dated as of November 15, 2001 as supplemented (the "Trust
Agreement") in respect of the Corporate Backed Trust Certificates,
Ford Motor Co. Debenture-Backed Series 2001-36 Trust (the "Trust"),
received notice that the Call Warrants holder has exercised its
right to purchase all outstanding Class A-1 (NYSE: XKN) and A-2
Certificates and effect an Optional Exchange for the assets of the
Trust on October 10, 2012 (the "Redemption Date").
THE EXERCISE OF THE CALL WARRANTS IS
CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE
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 the certificates issued by
the Trust (the "Certificates") will be redeemed in full on the
Redemption Date at a price of $25 principal plus $0.760243056
accrued interest per Class A-1 Certificate and $19.519288730
interest per $1,000 stated notional amount Class A-2 Certificate
(the "Call Price"). The Class A-2 Certificates are interest-only
certificates and will not receive payment of principal. No interest
will accrue on the Certificates after the Redemption Date. If the
Trustee does not receive the Call Price, then (i) the Certificates
issued by the Trust will remain outstanding and continue to accrue
interest as if no exercise notice had been given and (ii) the Call
Warrants 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 redemption, Certificate Holders with questions may
contact our 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 certificateholders.
Bondholder Services (800) 934-6802
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