STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III Files 2023 10-K

TL;DR

<b>STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III filed its 2023 10-K, reporting on its CorTS Certificates listed on the NYSE.</b>

AI Summary

STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III (KTH) filed a Annual Report (10-K) with the SEC on March 22, 2024. Filed 10-K for fiscal year ended December 31, 2023. CorTS Trust For PECO Energy Capital Trust III is the registrant. Securities registered under Section 12(b) include CorTS Certificates (KTH) on the NYSE. The company is not a well-known seasoned issuer. Filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III, this filing contains several important signals. This filing provides the annual financial and operational overview for the CorTS Trust for PECO Energy Capital Trust III, crucial for investors holding its certificates. The 10-K details the company's compliance with SEC filing requirements, indicating its status as a reporting entity.

Risk Assessment

Risk Level: low — STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III shows low risk based on this filing. The filing is a standard 10-K for a trust, with no immediate red flags or significant changes indicated in the header information.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to assess the performance and outlook of the CorTS Trust for PECO Energy Capital Trust III.

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240322 — Filing Date (Date of filing)
• 001-32089 — Commission File Number (SEC file number)
• 13-3692801 — IRS Number (IRS Employer Identification No.)
• 212-723-4070 — Telephone Number (Registrant's principal executive offices telephone number)

Key Players & Entities

• STRUCTURED PRODUCTS CORP CORTS TR FOR PECO ENERGY CAP TR III (company) — Filer name
• PECO ENERGY CAPITAL TRUST III (company) — Part of the registrant's name
• CorTS Trust For PECO Energy Capital Trust III (company) — Registrant name
• KTH (company) — Trading symbol for CorTS Certificates
• New York Stock Exchange (company) — Exchange where KTH is registered
• STRUCTURED PRODUCTS CORP. (company) — Filer name
• CorTS (company) — Part of the trust name and security type
• Delaware (company) — State of incorporation

FAQ

Industry Context

The filing pertains to a structured product, specifically a trust issuing Corporate-Backed Trust Securities (CorTS) backed by debt from PECO Energy Capital Trust III.

Regulatory Implications

The registrant is subject to Section 13 or 15(d) of the Securities Exchange Act of 1934 and must file annual reports (10-K) and other required disclosures.

What Investors Should Do

1. Review the full 10-K for detailed financial statements and disclosures.
2. Analyze the risk factors section for potential investment risks associated with the CorTS Certificates.
3. Compare the current filing's information with previous filings to identify trends and changes.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-22: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial review of the 2023 10-K filing. No prior filing data is available for comparison within this document.

Filing Documents

• cortspecoiii_10k.htm (10-K) — 68KB
• ex31-1.htm (EX-31.1) — 5KB
• ex97-1.htm (EX-97.1) — 7KB
• ex99-1.htm (EX-99.1) — 4KB
• 0001068238-24-000067.txt (&nbsp;) — 85KB

Business

Business None. Item 1A.

Risk Factors

Risk Factors None. Item 1B. Unresolved Staff Comments None. Item 1C. Cybersecurity Not Applicable. Item 2.

Properties

Properties None. Item 3.

Legal Proceedings

Legal Proceedings None. Item 4. Mine Safety Disclosures None. PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities The Certificates representing investors' interest in the Trust are represented by one or more physical Certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. The Certificates are listed on the New York Stock Exchange. Item 6. [Reserved] Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations Not Applicable. Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk None. Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data None. Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure None. 4 Item 9A.

Controls and Procedures

Controls and Procedures Not applicable. Item 9B. Other Information None. Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. Not Applicable PART III Item 10. Directors, Executive Officers and Corporate Governance None. Item 11.

Executive Compensation

Executive Compensation Not Applicable. Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Information required by Item 201(d) of Regulation S-X: Not applicable. Information required by Item 403 of Regulation S-X: None. Item 13. Certain Relationships and Related Transactions, and Director Independence None. Item 14 . Principal Accounting Fees and Services Not Applicable. 5 PART IV Item 15. Exhibits, Financial Schedules and Reports on Form 8-K (a) The following documents are also filed as part of this Report: 3. Exhibits: 31.1 Certification by President of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 97.1 Structured Products Corp. Dodd-Frank Clawback Provisions. 99.1 Annual Compliance Report by Trustee. (b) The following reports on Form 8-K were filed during the period covered by this report and are hereby incorporated by reference: 1. Trustee's Distribution Statement for the May 1, 2023 Distribution Date filed on Form 8-K on May 11, 2023. 2. Trustee's Distribution Statement for the October 31, 2023 Distribution Date filed on Form 8-K on November 9, 2023. (c) See item 15(a)(3) above.

. Form 10-K Summary

Item 16 . Form 10-K Summary None 5

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Structured Products Corp., as Depositor Dated: March 19, 2024 By: /s/Jeffrey Kania Name: Jeffrey Kania Title: President (senior officer in charge of securitization function of the Depositor) 6 EXHIBIT INDEX Exhibit Page 31.1 Certification by President of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 97.1 Structured Products Corp. Dodd-Frank Clawback Provisions. 99.1 Annual Compliance Report by Trustee pursuant to 15 U.S.C. Section 7241. 7

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View this 10-K filing on SEC EDGAR