Structured Products Corp. Files 8-K for PECO Energy Trust III

TL;DR

PECO Energy Trust III 8-K filed - debt securities update.

AI Summary

Structured Products Corp., acting for CorTS Trust for PECO Energy Capital Trust III, filed an 8-K on October 31, 2024, reporting on "Other Events" and "Financial Statements and Exhibits." The filing, submitted on November 13, 2024, pertains to debt securities and is registered with the SEC under file number 001-32089.

Why It Matters

This filing provides an update on the financial status and events related to the CorTS Trust for PECO Energy Capital Trust III, which could impact investors holding these debt securities.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of events and financial statements for a trust, not indicating any immediate operational or financial distress.

Key Numbers

• 001-32089 — SEC File Number (Identifies the registration of the trust with the SEC)
• 13-3692801 — IRS Employer Identification Number (Tax identification number for the trust)

Key Players & Entities

• Structured Products Corp. (company) — Filer acting on behalf of the trust
• CorTS Trust for PECO Energy Capital Trust III (company) — The specific trust the filing concerns
• PECO Energy (company) — Underlying entity for the trust
• October 31, 2024 (date) — Earliest event reported date
• November 13, 2024 (date) — Date of report filing
• 388 Greenwich Street, New York, New York 10013 (address) — Principal executive offices of the registrant

FAQ

Key Financial Figures

• $25 — erest, expressed as a dollar amount per $25 Certificates, is as set forth below: C
• $0.000000 — not paid as of the Distribution Date is $0.000000. 3. No fees have been paid to the Tr
• $27,500,000 — the proceeds of the Term Assets. 4. $27,500,000 aggregate principal amount of PECO Ener
• $25,368,750 — 4,750 Class A Certificates representing $25,368,750 aggregate Certificate Principal Balance

Filing Documents

• cortspecoiii_8k.htm (8-K) — 31KB
• 0001068238-24-000213.txt ( ) — 32KB

01 Other Events

Item 8.01 Other Events. This current report on Form 8-K relates to a distribution made to holders of the Certificates issued by the CorTS Trust for PECO Energy Capital Trust III. The issuer of the underlying securities, or guarantor thereof, or successor thereto, as applicable, is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic reports and other information required to be filed pursuant to the Exchange Act, by the issuer of the underlying securities, or guarantor thereof, or successor thereto, as applicable, may be inspected and copied at the public reference facilities maintained by the Securities and Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington, D.C. 20549. The Commission also maintains a site on the World Wide Web at "http://www.sec.gov" at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system. Neither Structured Products Corp. nor the trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Structured Products Corp. nor the trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting the issuer of the underlying securities, or guarantor thereof, or successor thereto, as applicable, or the underlying securities have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above. Underlying Securities Issuer(s) or Guarantor, or successor thereto Exchange Act File Number PECO Energy Company 000-16844 Section 9 - Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (c) Exhibits: 1. Trustee's Report with respect to the October 31, 2024 Distribution Date for the CorTS Trust for PECO Energy Capital Trust III 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. By: / s / Jeffery Kania ________________________________ Name: Jeffery Kania Title: President October 31, 2024 3 EXHIBIT INDEX Exhibit Page 1 Trustee's Report with respect to the October 31, 2024 Distribution Date for the CorTS Trust for PECO Energy Capital Trust III 5 4 Exhibit 1 To the Holders of: CorTS Trust for PECO Energy Capital Trust III 8% Corporate-Backed Trust Securities (CorTS) Certificates Class A *CUSIP: 22080R206 U.S. Bank Trust Company, National Association, as Trustee for the CorTS Trust for PECO Energy Capital Trust III, hereby gives notice with respect to the Distribution of October 31, 2024 (the "Distribution Date") as follows: 1. The amount of the distribution payable to the Certificateholders on the Distribution Date allocable to principal and premium, if any, and interest, expressed as a dollar amount per $25 Certificates, is as set forth below: Class Principal Interest Total Distribution A $ 0.000000 $ 1.000000 $ 1.000000 2. The amount of aggregate interest due and not paid as of the Distribution Date is $0.000000. 3. No fees have been paid to the Trustee or any other party from the proceeds of the Term Assets. 4. $27,500,000 aggregate principal amount of PECO Energy Capital Trust III 7.38% Capital Securities due April 6, 2028 (the "Term Assets") are held for the above trust. 5. At the close of business on the Distribution Date, 1,014,750 Class A Certificates representing $25,368,750 aggregate Certificate Principal Balance were outstanding. 6. The current rating of the Term Assets is not provided in this report. Ratings can be obtained from Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody's Investors Service, Inc. by calling 212-5

View Full Filing

View this 8-K filing on SEC EDGAR