NEW YORK, NY — (Marketwired) — 09/25/14 — 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, dated as of June 28, 2001, as amended (the “Trust Agreement”) in respect of the Corporate Backed Trust Certificates, Series 2001-27 Trust (the “Trust”) (NYSE: CWZ)
If the Trustee receives the Call Price, the Certificates selected pro rata for redemption will be redeemed on the Redemption Date at a price of $25.00 principal plus $1.016927086 accrued interest to the Redemption Date per Class A-1 Certificate and $267.848275565 principal per $1,000 stated principal amount Class A-2 Certificate (the “Call Price”). The total payment of the Redemption Amount on the Certificates will be $41,442,422.23, consisting of $38,028,150.00 principal and $1,546,874.23 accrued interest on the Class A-1 Certificates and $1,867,398.00 Accreted Principal Amount on the $6,971,850 principal amount Class A-2 Certificates (the “Redemption Amount”) selected for redemption. The Class A-2 Certificates are principal-only Certificates and will not receive payment of interest. 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