<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) September 24, 1998
------------------
UCFC Funding Corporation
------------------------
(Exact name of registrant as specified in its charter)
Louisiana 333-07939 72-1328674
--------- --------- ----------
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) ID Number)
4041 Essen Lane, Baton Rouge, Louisiana 70809
- --------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (504) 924-6007
--------------
N/A
- -------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
------------
Filing of Computational Materials.
- ----------------------------------
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, UCFC
Funding Corporation(Registered) (the "Depositor") is filing a prospectus and
prospectus supplement with the Securities and Exchange Commission relating to
its Manufactured Housing Contract Pass Through Certificates, Series 1998-3.
In connection with the offering of the Manufactured Housing Contract
Pass-Through Certificates, Series 1998-3 of the Depositor, Credit Suisse First
Boston Corporation prepared certain materials (the "Computational Materials")
some or all of which were distributed by Credit Suisse First Boston Corporation
and First Chicago Capital Markets, Inc. (the "Underwriters") to their potential
investors. Although the Depositor provided the Underwriters with certain
information regarding the characteristics of the Manufactured Housing Contracts
in the related portfolio, it did not participate in the preparation of the
Computational Materials. The Computational Materials are attached hereto as
Exhibit 99.1.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
-------------------------------------------------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
8.1 Opinion of Stroock & Stroock & Lavan LLP with respect to
certain tax matters.
23.1 Consent of Stroock & Stroock & Lavan LLP (included in Exhibit
8.1).
99.1 Computational Materials.
<PAGE>
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 thereunto duly authorized.
UCFC FUNDING CORPORATION
By: /s/ H.C. McCall, III
---------------------
Name: H. C. McCall, III
Title: President
Dated: September 23, 1998
<PAGE>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
8.1 Opinion of Stroock & Stroock & Lavan LLP.
23.1 Consent of Stroock & Stroock & Lavan LLP.
99.1 Computational Materials.
<PAGE>
Exhibit 8.1
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, New York 10038-4982
September 23, 1998
UCFC Funding Corporation(Registered)
4041 Essen Lane
Baton Rouge, Louisiana 70809
RE: UCFC Funding Corporation
Registration Statement on Form S-3
(File No. 333-07939)
--------------------------------------
Ladies and Gentlemen:
We have acted as special counsel for UCFC Funding Corporation(Registered), a
Louisiana Corporation ("the Company") in connection with the issuance of
$129,000,000 aggregate principal amount of Manufactured Housing Contract
Pass-Through Certificates, Series 1998-3 (the "Certificates"). A Registration
Statement on Form S-3 relating to the Certificates (No. 333-07939) (the
"Registration Statement") has been filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the "Securities Act").
As set forth in the Prospectus dated September 18, 1998 and the Prospectus
Supplement dated September 18, 1998, the Certificates will be issued by a trust
established by the Company pursuant to the provisions of a Pooling and Servicing
Agreement dated as of September 1, 1998 (the "Pooling and Servicing Agreement")
among the Company, as Depositor, United Companies Lending
Corporation(Registered), as the Servicer, and Bankers Trust Company of
California, N.A., as the Trustee.
We have examined a form of the Pooling and Servicing Agreement, a form of the
Certificates, and a form of the Prospectus and Prospectus Supplement referred to
above. We also have examined such other documents, papers, statutes and
authorities as we have deemed necessary to form the basis for the opinions
hereinafter expressed. In our examination of such material, we have assumed the
genuineness of all signatures, the authenticity of all documents submitted to us
as originals and the conformity to original documents of copies of documents
submitted to us.
On the basis of the foregoing, we are of the opinion that the information in the
Prospectus Supplement under the caption "Federal Income Tax Considerations," and
in the Prospectus under the caption "Federal Income Tax Considerations," to the
extent that such information constitutes matters of law or legal conclusions, is
correct in all material respects.
This opinion is based on current provisions of the Internal Revenue Code of
1986, as amended, the Treasury regulations promulgated thereunder, and judicial
and administrative interpretations thereof.
<PAGE>
Except as provided below, this opinion is solely for the benefit of the
addressee hereof and may not be relied upon in any manner by any other person or
entity.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement, to the references to us in the Prospectus Supplement,
and to the filing of this opinion as an exhibit to an application made by or on
behalf of the Company or any dealer in connection with the registration of the
Certificates under the securities or blue sky laws of any state or jurisdiction.
In giving such permission, we do not admit hereby that we come within the
category of persons whose consent is required under Section 7 of the Securities
Act or the General Rules and Regulations of the Securities and Exchange
Commission thereunder.
Very truly yours,
/s/ Stroock & Stroock & Lavan LLP
STROOCK & STROOCK & LAVAN LLP
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
BOND PROFILE SUMMARY
------------------------------------------------------------------------------
Class Original Coupon Avg. CBE 1st Lase Mod.
Name & Type Par % Life Yield Price Pay Pay Dur.
------------------------------------------------------------------------------
To Call:
A SENIOR 110,625,000 6.3800 5.64 6.405 100-00 10/98 9/15 4.12
M1 AA MEZZ 13,125,000 6.8300 10.88 6.891 100-00 10/03 9/15 7.19
M2 A SUB 5,250,000 7.3200 10.88 7.392 100-00 10/03 9/15 7.00
B1 BBB SUB FLT 6,375,000 FLOAT(3) 6.33 N/A 100-00 10/03 7/06 4.82
B2 NR SUB 14,625,000 ---- 12.87 --- ---- 7/06 9/15 --
-----------------------------
To Maturity:
A SENIOR 110,625,000 6.3800 5.87 6.406 100-00 10/98 2/23 4.19
M1 AA MEZZ 13,125,000 6.8300 11.40 6.892 100-00 10/03 3/21 7.33
M2 A SUB 5,250,000 7.3200 11.32 7.393 100-00 10/03 10/19 7.11
B1 BBB SUB FLT 6,375,000 FLOAT(3) 6.33 N/A 100-00 10/03 7/06 4.82
B2 NR SUB 14,625,000 ---- 14.13 --- ---- 7/06 9/25 --
------------------------------------------------------------------------------
(1) Data assumes a prepayment speed of 175% MHP.
(2) Coupon and price are assumed for computational materials.
(3) B1 coupon based on 1 month LIBOR.
(4) B2 certificates are not being offered.
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Offered Certificates: The Class A Certificates (the "Senior Certificates"),
the Class M-1 Certificates, the Class M-2
Certificates (collectively, the "Class M
Certificates"), and the Class B-1 Certificates
(collectively with the Class M Certificates,
the "Subordinated Certificates").
Depositor: UCFC Funding Corporation, a Louisiana corporation.
Servicer: United Companies Lending Corporation, a Louisiana
corporation ("United Companies" or
the"Servicer"), an indirect, wholly-owned
subsidiary of United Companies Financial
Corporation.
Originators: The Contracts were, and any Subsequent Contract will
have been, originated orLouisiana purchased by
United Companies Funding, Inc. ("UCFI"),
United Companies or UNICOR Mortgage, Inc. Each
Originator is a Louisiana corporation and an
affiliate of the Depositor.
Trustee: Bankers Trust Company of California, N.A.
Underwriters: Credit Suisse First Boston (Lead), First Chicago
Capital Markets, Inc.
Expected Pricing Date: Friday, September 18, 1998.
Settlement Method: DTC/Cedel/Euroclear settlement.
Closing Date: Thursday, September 24, 1998.
Cut-Off Date: The opening of business on September 1, 1998, except that the
Cut-off Date with respect to any Contract
dated on or after September 1, 1998, will be
the date of such Contract.
Record Date: Last day of each calendar month.
Remittance Date: The 15th day of each month or if such 15th day is not
a business day, the next succeeding business
day, beginning in October 1998.
Payment Delay: Class B-1: 0 days
All other Classes: 14 days.
Interest Accrual Period: The Interest Accrual Period on the Class B-1
Certificates will be the period commencing on
the preceding Remittance Date (or, in the case
of the first Interest Accrual Period,
beginning on the Closing Date) and ending on
the day preceding such Remittance Date.
Interest on the Class B-1 Certificates will be
calculated on the basis of a 360-day year and
the actual number of days elapsed during the
Interest Accrual Period.
The Interest Accrual Period on the other Classes of Offered
Certificates will be the calendar month
preceding the month of such Remittance Date.
Interest will be calculated on the basis of a
360-day year consisting of twelve 30-day
months.
Remittance Rate: The Remittance Rate for each Class of Offered Certificates is
subject to a maximum rate on each Remittance
Date equal to the weighted average of the Net
Contract Rates of the Contracts in the
Contract Pool.
Cut-Off Date Pool Principal Balance: $125,373,050.20
Pre-Funded Amount: $24,626,949.80. Expected to fund in 1 month.
Prepayment Assumption: 175% of the MH Prepayment Model
Gross WAC: 8.19%
Remaining Term: 333.29 months
Seasoning: 2.56 months
Expense Fee Rate: 0.515%
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Tax Status: REMIC regular interests.
ERISA Eligibility: Class A Certificates are ERISA eligible. Class M-1, Class
M-2 and Class B-1 Certificates are
not ERISA eligible.
SMMEA Eligibility: Class A and Class M-1 Certificates will be SMMEA eligible
after the Pre-Funding Period. Class M-2 and
Class B-1 Certificates are not SMMEA eligible.
Denominations: Denominations of $25,000 and integral multiples of $1,000
in excess thereof.
Final Scheduled Remittance Date: Class A - Jan. 2030 Remittance Date.
Class M-1 - Jan. 2030 Remittance Date.
Class M-2 - Jan. 2030 Remittance Date.
Class B-1 - Feb. 2021 Remittance Date.
Optional Termination: Clean-up call at the option of the Servicer when the
outstanding Pool Principal
Balance is less than 10% of the Aggregate
Cut-off Date Pool Principal Balance.
Auction Sale: 90 days after the 10% Optional Termination Date if the
servicer has not exercised the optional
termination, the Trustee will solicit bids for
the remaining Contracts in the Trust.
Overcollateralization: Excess interest collections will be applied, to the
extent available, to make accelerated payments
of principal to the Certificates to create
overcollateralization until the Target
Overcollateralization Amount is reached. The
Target Overcollateralization Amount will mean
(i) for any Distribution Date prior to the
Cross-over Date, 1.25% of the Aggregate
Cut-off Date Pool Principal Balance and (ii)
for any Distribution Date on or after the
Cross-over Date, the lesser of (a) 1.25% of
the Aggregate Cut-off Date Pool Principal
Balance and (b) 2.1875% of the then
outstanding Pool Principal Balance, provided,
however, that in no event shall the Target
Overcollateralization Amount be less than
0.75% of the Aggregate Pool Principal Balance.
Ratings and Subordination:
<TABLE>
<S> <C> <C> <C>
S&P Fitch Subordination
Class A: AAA AAA 26.25%
Class M-1: AA- AA 17.50%
Class M-2: A A 14.00%
Class B-1: BBB- BBB 9.75%
</TABLE>
Pre-Funding Account: On the Closing Date, $24,626,949.80 in cash (the "Pre-
Funded Amount") will be deposited in the
Pre-Funding Account and may be used only to
(i) acquire additional manufactured housing
installment sales contracts and manufactured
housing installment loan agreements
(collectively, the "Subsequent Contracts") and
(ii) make accelerated payments of principal on
the Senior Certificates.
Pre-Funding Period: During the period (the "Pre-Funding Period") from the
Closing Date to the earliest to occur of (1)
the Funding Termination Date (defined below),
(2) an Event of default under the Agreement
and (3)
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
December 15, 1998, amounts on deposit in the
Pre-Funding Account may be withdrawn from time
to time to acquire Subsequent Contracts in
accordance with the Agreement. The "Funding
Termination Date" will be the date on which
the Pre-Funded Amount has been reduced to less
than $100,000. Any Pre-Funded amount remaining
in the Pre-Funding Account at the end of the
Pre-Funding Period will be distributed on the
Remittance Date or immediately following the
end of such Pre-Funding Period to the Classes
of Senior Certificates then entitled to
distributions of principal.
Cross-over Date: The later to occur of (a) the Remittance Date occurring in
October 2003 or (b) the first Remittance Date
on which the then-current credit enhancement
for the Class A Certificates is equal to or
exceeds 1.75 times the initial credit
enhancement for the Class A Certificates.
Performance Test: The Average 60-Day Delinquency Ratio is less than or equal
to 5%; the Average 30-Day Delinquency Ratio
is less than or equal to 7%, the Current
Realized Loss Ratio is less than or equal to
2.75%; and the Cumulative Realized Losses are
less than or equal to the applicable
percentage of the Aggregate Cut-off Date Pool
Principal Balance set forth in the Pooling and
Servicing Agreement.
Priority of Distribution: Distributions on the Certificates will be made on
each Remittance Date from Available Funds in
the following order of priority:
(i) interest on each Senior Certificates;
(ii) interest on each Class of Subordinated Certificates;
(iii) principal of Senior Certificates;
(iv) interest on certain Writedown Amounts in respect of each Class
of Subordinated Certificates and then
principal of each such Class of Subordinated
Certificates in the order of their Class
designations (i.e., first interest on
Writedown Amounts in respect to the Class M
Certificates and then to principal of the
Class M Certificates) and
(v) to Senior Certificates, the Accelarated Principal Distribution
Amount for such Remittance Date.
--------------------------------------------
----------------------------
A M-1
----------------------------
M-2
----------------------------
B-1 B-2
--------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
As of the Cut-off Date: the Contract balances ranged from $3,388.89 to
$258,532.75 the average Contract Balance was $54,819.87; the Contract Rates
ranged from 6.15% to 14.00% per annum; the weighted average Contract Rate was
8.19% per annum; the original Loan-to-Value Ratios ranged from 21.51% to
100.00%; the weighted average original Loan-to-Value Ratio was 84.81%; the
original terms to stated maturity ranged from 60 to 360 months; the weighted
average original term to stated maturity was 336 months; the remaining terms to
stated maturity ranged from 36 to 360 months; the weighted average remaining
term to stated maturity was 333 months; the number of months since origination
of the Contracts ranged from 0 to 257 months; the weighted average number of
months since origination was 3 months; 91.35% and 8.65% of the Contracts are
secured by new and used Manufactured Homes, respectively; 59.11% of the
Contracts are Land-and-Home Contracts; 100.00% of the Contracts are secured by
Manufactured Homes which are the Obligors' primary residences based on
representations at the time of the origination of such Contracts; 97.52% of the
Contracts were originated in connection with the purchase of the related
Manufactured Home; 17.13% and 82.87% of the Contracts are secured by
Manufactured Homes which are single wide, and multi wide, respectively.
Geographical Distribution of Manufactured Homes
Aggregate % of Cut-off
Number of Principal Balance Date Pool
State Contracts Oustanding Principal Balance
- ----- --------- ---------- -----------------
Alabama 3 $ 77,885.34 0.06%
Arizona 25 1,174,073.12 0.94
Arkansas 89 3,911,168.94 3.12
California 4 335,185.77 0.27
Colorado 40 2,037,058.28 1.62
Florida 210 13,430,844.15 10.71
Georgia 156 9,104,991.05 7.26
Illinois 56 2,156,102.53 1.72
Indiana 40 1,719,156.04 1.37
Iowa 81 2,869,799.95 2.29
Kansas 29 1,280,086.19 1.02
Kentucky 15 847,255.12 0.68
Louisiana 92 4,665,152.11 3.72
Maine 6 460,006.26 0.37
Maryland 1 10,000.00 0.01
Michigan 19 613,502.28 0.49
Minnesota 59 2,345,816.89 1.87
Mississippi 49 2,296,118.07 1.83
Missouri 78 4,701,809.04 3.75
Montana 4 144,978.17 0.12
Nevada 8 811,789.98 0.65
New Mexico 81 4,933,455.84 3.94
North Carolina 262 16,811,990.62 13.41
North Dakota 8 296,037.06 0.24
Ohio 68 4,117,959.37 3.28
Oklahoma 41 2,055,030.77 1.64
Oregon 12 1,211,515.15 0.97
Pennsylvania 17 720,366.61 0.57
South Carolina 386 22,704,768.66 18.11
South Dakota 14 550,230.59 0.44
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Geographical Distribution of Manufactured Homes (Cont.)
<TABLE>
<CAPTION>
Aggregate % of Cut-off
Number of Principal Balance Date Pool
State Contracts Outstanding Principal Balance
- ----- --------- ----------------- -----------------
<S> <C> <C> <C>
Tennessee 95 5,629,577.99 4.49
Texas 158 7,468,441.11 5.96
Utah 2 159,918.04 0.13
Virginia 17 758,271.73 0.60
Washington 5 512,598.50 0.41
West Virginia 31 1,213,478.69 0.97
Wisconsin 23 1,034,256.63 0.82
Wyoming 3 202,373.56 0.16
--------- --------------- --------
Total 2,287 $125,373,050.20 100.00%
===== =============== =======
</TABLE>
Distribution of Contract Amounts As of Cut-off Date
<TABLE>
<CAPTION>
Aggregate Principal % of Cut-off
Range of Contract Number of Balance Date Pool
Amounts Contracts Outstanding Principal Balance
- ------- --------- ----------- -----------------
<S> <C> <C> <C>
$ 5,000.00 - or less 2 $ 8,328.48 0.01%
5,000.01 - 10,000.00 26 211,665.77 0.17
10,000.01 - 15,000.00 67 841,719.83 0.67
15,000.01 - 20,000.00 92 1,610,875.91 1.28
20,000.01 - 25,000.00 100 2,293,376.84 1.83
25,000.01 - 30,000.00 155 4,287,757.11 3.42
30,000.01 - 35,000.00 160 5,205,808.17 4.15
35,000.01 - 40,000.00 153 5,740,593.07 4.58
40,000.01 - 45,000.00 158 6,719,902.69 5.36
45,000.01 - 50,000.00 183 8,681,766.68 6.92
50,000.01 - 55,000.00 152 7,973,605.61 6.36
55,000.01 - 60,000.00 159 9,183,319.75 7.32
60,000.01 - 65,000.00 154 9,579,814.94 7.64
65,000.01 - 70,000.00 112 7,509,409.94 5.99
70,000.01 - 75,000.00 114 8,277,474.85 6.60
75,000.01 - 80,000.00 95 7,356,509.16 5.87
80,000.01 - 85,000.00 86 7,101,603.34 5.66
85,000.01 - 90,000.00 75 6,549,905.42 5.22
90,000.01 - 95,000.00 60 5,554,778.86 4.43
95,000.01 - 100,000.00 42 4,095,316.28 3.27
100,000.01 - 105,000.00 37 3,789,602.43 3.02
105,000.01 - 110,000.00 23 2,462,966.30 1.96
110,000.01 - 115,000.00 24 2,706,052.11 2.16
115,000.01 - 120,000.00 20 2,346,248.54 1.87
120,000.01 - 125,000.00 11 1,340,845.59 1.07
125,000.01 - 130,000.00 10 1,271,082.93 1.01
130,000.01 - 135,000.00 5 668,535.77 0.53
135,000.01 - 140,000.00 4 545,145.46 0.43
140,000.01 - 145,000.00 1 144,481.93 0.12
145,000.01 - 150,000.00 1 146,232.90 0.12
150,000.01 - 155,000.00 1 154,087.14 0.12
155,000.01 - 160,000.00 2 313,034.74 0.25
160,000.01 - and above 3 701,201.66 0.56
-------- --------------- ---------
</TABLE>
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Total 2,287 $125,373,050.20 100.00%
----- --------------- -------
Distribution of Original Loan-to-Value Ratios
<TABLE>
<CAPTION>
Aggregate Principal % of Cut-off
Range of Original Number of Balance Date Pool
Loan-to Value Ratios Contracts Outstanding Principal Balance
- -------------------- --------- ----------- -----------------
<S> <C> <C> <C>
20.01 - 25.00% 3 $ 25,762.48 0.02%
25.01 - 30.00 1 10,000.00 0.01
30.01 - 35.00 4 73,998.34 0.06
35.01 - 40.00 5 112,767.90 0.09
40.01 - 45.00 11 310,916.30 0.25
45.01 - 50.00 8 218,100.64 0.17
50.01 - 55.00 11 258,466.11 0.21
55.01 - 60.00 37 1,669,727.26 1.33
60.01 - 65.00 27 996,211.96 0.80
65.01 - 70.00 66 3,348,264.62 2.67
70.01 - 75.00 106 5,312,419.42 4.24
75.01 - 80.00 295 13,579,362.86 10.83
80.01 - 85.00 405 22,732,516.53 18.13
85.01 - 90.00 842 45,661,494.41 36.42
90.01 - 95.00 449 29,817,223.17 23.78
95.01 - 100.00 17 1,245,818.20 0.99
----- --------------- --------
Totals:............... 2,287 $125,373,050.20 100.00%
===== ============== ======
</TABLE>
<TABLE>
<CAPTION>
Contract Rates
Number Aggregate Principal % of Cut-off
Ranges of of Balance Date Pool
Contract Rates Contracts Outstanding Principal Balance
-------------- --------- ----------- -----------------
<S> <C> <C> <C>
6.01 - 6.50 35 3,473,395.24 2.77%
6.51 - 7.00 568 46,425,031.52 37.03
7.01 - 7.50 122 7,586,936.09 6.05
7.51 - 8.00 351 20,133,551.30 16.06
8.01 - 8.50 61 3,033,777.24 2.42
8.51 - 9.00 271 14,898,197.89 11.88
9.01 - 9.50 101 4,632,817.97 3.70
9.51 - 10.00 177 8,406,808.48 6.71
10.01 - 10.50 152 5,058,938.51 4.04
10.51 - 11.00 178 5,461,542.12 4.36
11.01 - 11.50 101 2,653,187.27 2.12
11.51 - 12.00 89 2,074,369.88 1.65
12.01 - 12.50 51 1,050,169.10 0.84
12.51 - 13.00 24 404,940.39 0.32
13.01 - 13.50 4 58,727.20 0.05
13.51 - 14.00 2 20,660.00 0.02
----- --------------- --------
Totals: 2,287 $125,373,050.20 100.00%
===== =============== ======
</TABLE>
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Remaining Terms to Maturity
Number Aggregate Principal % of Cut-off
Range of Remaining of Balance Date Pool
Months to Maturity Contracts Outstanding Principal Balance
------------------ --------- ---------- -----------------
60 or less 20 $ 198,537.22 0.16%
61 - 72 2 24,777.57 0.02
73 - 84 33 470,460.60 0.38
85 - 96 6 92,468.54 0.07
97 - 108 2 48,629.18 0.04
109 - 120 76 1,304,548.60 1.04
121 - 180 159 3,990,996.13 3.18
181 - 228 3 85,807.99 0.07
229 - 240 233 7,889,982.30 6.29
241 - 288 9 450,739.53 0.36
289 - 300 339 13,128,335.80 10.47
301 - 334 14 979,385.83 0.78
335 - 336 2 117,518.75 0.09
337 - 348 39 2,579,729.76 2.06
349 - 360 1,350 94,011,132.40 74.99
----- -------------- -------
Totals: 2,287 $125,373,050.20 100.00%
===== =============== =======
Original Terms to Maturity
Number Aggregate Principal % of Cut-off
Range of Original of Balance Date Pool
Months to Maturity Contracts Outstanding Principal Balance
------------------ --------- ----------- -----------------
60 or less 20 $ 198,537.22 0.16%
61 - 72 2 24,777.57 0.02
73 - 84 33 470,460.60 0.38
85 - 96 6 92,468.54 0.07
109 - 120 76 1,304,548.60 1.04
121 - 144 20 481,924.25 0.38
145 - 180 140 3,531,024.31 2.82
181 - 240 235 7,919,501.88 6.32
241 - 300 345 13,386,509.00 10.68
301 - 360 1,410 97,963,298.23 78.14
----- -------------- ------
Totals: 2,287 $125,373,050.20 100.00%
===== =============== =======
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Distribution of Contract Ages (In Months)
Number Aggregate Principal % of Cut-off
Range of of Balance Date Pool
Contract Ages Contracts Outstanding Principal Balance
- -------------- --------- ------------------ -----------------
0 - 6 months 2,141 $115,946,670.72 92.48%
7 - 12 82 5,533,248.42 4.41
13 - 18 28 1,737,379.33 1.39
19 - 24 9 508,349.13 0.41
25 - 30 13 797,686.35 0.64
31 - 36 1 82,144.71 0.07
37 - 42 5 330,422.80 0.26
61 - 66 2 103,398.27 0.08
73 - 78 1 21,952.43 0.02
79 - 84 1 113,435.15 0.09
85 - and above 4 198,362.89 0.16
------ ----------- ---- -------
Totals: 2,287 $125,373,050.20 100.00%
===== =============== =======
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
BOND PROFILE SUMMARY
-------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
-------------------------------------------------------------------
A SENIOR
Price: 100-00 Coupon: 6.3800 Original Par: 110,625,000
-------------------------------------------------------------------
To Call:
Bond Yield: 6.44 6.42 6.41 6.38 6.35
Average Life: 16.27 8.38 5.64 3.83 2.47
Duration: 9.08 5.53 4.12 3.05 2.14
First Prin Pay: 10/98 10/98 10/98 10/98 10/98
Last Prin Pay: 8/26 3/21 9/15 8/11 3/08
-------------------------------------------------------------------
To Maturity:
Bond Yield: 6.44 6.42 6.41 6.39 6.35
Average Life: 16.33 8.56 5.87 3.99 2.52
Duration: 9.09 5.57 4.19 3.11 2.16
First Prin Pay: 10/98 10/98 10/98 10/98 10/98
Last Prin Pay: 3/28 6/26 2/23 11/18 2/14
-------------------------------------------------------------------
M1 AA/AA- MEZZ
Price: 100-00 Coupon: 6.8300 Original Par: 13,125,000
-------------------------------------------------------------------
To Call:
Bond Yield: 6.90 6.90 6.89 6.89 6.88
Average Life: 23.89 14.98 10.88 9.15 7.68
Duration: 11.37 8.78 7.19 6.46 5.74
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 8/26 3/21 9/15 8/11 3/08
-------------------------------------------------------------------
To Maturity:
Bond Yield: 6.90 6.90 6.89 6.89 6.88
Average Life: 24.02 15.34 11.40 9.80 8.47
Duration: 11.39 8.85 7.33 6.69 6.10
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 12/27 2/25 3/21 7/17 10/13
-------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
BOND PROFILE SUMMARY
-------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
-------------------------------------------------------------------
M2 A SUB
Price: 100-00 Coupon: 7.3200 Original Par: 5,250,000
-------------------------------------------------------------------
To Call:
Bond Yield: 7.41 7.40 7.39 7.39 7.38
Average Life: 23.89 14.98 10.88 9.15 7.68
Duration: 10.87 8.49 7.00 6.31 5.63
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 8/26 3/21 9/15 8/11 3/08
---------------------------
To Maturity:
Bond Yield: 7.41 7.40 7.39 7.39 7.38
Average Life: 24.00 15.28 11.32 9.73 8.41
Duration: 10.88 8.54 7.11 6.51 5.95
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 9/27 2/24 10/19 3/16 10/12
-------------------------------------------------------------------
B1 BBB/BBB- SUB FLOAT
Price: 100-00 Coupon: FLOAT Original Par: 6,375,000
-------------------------------------------------------------------
To Call:
Bond Yield: N/A N/A N/A N/A N/A
Average Life: 19.96 8.99 6.33 5.99 5.73
Duration: 9.85 6.24 4.82 4.63 4.47
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 9/20 11/09 7/06 10/05 3/05
---------------------------
To Maturity:
Bond Yield: N/A N/A N/A N/A N/A
Average Life: 19.96 8.99 6.33 5.99 5.73
Duration: 9.85 6.24 4.82 4.63 4.47
First Prin Pay: 8/16 10/05 10/03 10/03 10/03
Last Prin Pay: 9/20 11/09 7/06 10/05 3/05
-------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Percent of Principal Outstanding of Class A
-----------------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
-----------------------------------------------------------------------------
Initial Percent 100 100 100 100 100
September 15, 1999 97 91 87 82 77
September 15, 2000 95 82 73 64 53
September 15, 2001 93 74 60 48 33
September 15, 2002 91 65 49 34 17
September 15, 2003 89 58 38 22 5
September 15, 2004 87 50 34 19 4
September 15, 2005 84 43 30 16 3
September 15, 2006 82 40 26 13 2
September 15, 2007 79 37 23 11 2
September 15, 2008 76 33 20 9 1
September 15, 2009 72 30 17 7 1
September 15, 2010 69 28 15 6 1
September 15, 2011 65 25 13 5 1
September 15, 2012 61 23 11 4 0
September 15, 2013 57 20 9 3 0
September 15, 2014 52 18 8 2 0
September 15, 2015 48 16 6 2 0
September 15, 2016 43 14 5 1 0
September 15, 2017 40 12 4 1 0
September 15, 2018 37 11 3 0 0
September 15, 2019 34 9 3 0 0
September 15, 2020 30 8 2 0 0
September 15, 2021 26 6 1 0 0
September 15, 2022 22 5 0 0 0
September 15, 2023 18 3 0 0 0
September 15, 2024 14 2 0 0 0
September 15, 2025 10 1 0 0 0
September 15, 2026 7 0 0 0 0
September 15, 2027 3 0 0 0 0
September 15, 2028 0 0 0 0 0
Avg Life In Years: 16.3 8.6 5.9 4.0 2.5
- -----------------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Percent of Principal Outstanding of Class M-1
- ------------------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
- ------------------------------------------------------------------------------
Initial Percent 100 100 100 100 100
September 15, 1999 100 100 100 100 100
September 15, 2000 100 100 100 100 100
September 15, 2001 100 100 100 100 100
September 15, 2002 100 100 100 100 100
September 15, 2003 100 100 100 100 100
September 15, 2004 100 100 88 84 78
September 15, 2005 100 100 77 70 60
September 15, 2006 100 92 67 58 46
September 15, 2007 100 84 59 48 35
September 15, 2008 100 77 51 39 26
September 15, 2009 100 70 44 32 19
September 15, 2010 100 64 38 26 14
September 15, 2011 100 58 33 21 10
September 15, 2012 100 52 28 17 7
September 15, 2013 100 47 24 13 0
September 15, 2014 100 42 20 10 0
September 15, 2015 100 37 17 8 0
September 15, 2016 99 33 14 4 0
September 15, 2017 92 28 11 0 0
September 15, 2018 84 24 9 0 0
September 15, 2019 77 21 7 0 0
September 15, 2020 69 17 2 0 0
September 15, 2021 61 14 0 0 0
September 15, 2022 52 11 0 0 0
September 15, 2023 42 8 0 0 0
September 15, 2024 32 3 0 0 0
September 15, 2025 23 0 0 0 0
September 15, 2026 15 0 0 0 0
September 15, 2027 5 0 0 0 0
September 15, 2028 0 0 0 0 0
Avg Life In Years: 24.0 15.3 11.4 9.8 8.5
- ------------------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Percent of Principal Outstanding of Class M-2
-----------------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
-----------------------------------------------------------------------------
Initial Percent 100 100 100 100 100
September 15, 1999 100 100 100 100 100
September 15, 2000 100 100 100 100 100
September 15, 2001 100 100 100 100 100
September 15, 2002 100 100 100 100 100
September 15, 2003 100 100 100 100 100
September 15, 2004 100 100 88 84 78
September 15, 2005 100 100 77 70 60
September 15, 2006 100 92 67 58 46
September 15, 2007 100 84 59 48 35
September 15, 2008 100 77 51 39 26
September 15, 2009 100 70 44 32 19
September 15, 2010 100 64 38 26 14
September 15, 2011 100 58 33 21 10
September 15, 2012 100 52 28 17 0
September 15, 2013 100 47 24 13 0
September 15, 2014 100 42 20 10 0
September 15, 2015 100 37 17 5 0
September 15, 2016 99 33 14 0 0
September 15, 2017 92 28 11 0 0
September 15, 2018 84 24 9 0 0
September 15, 2019 77 21 0 0 0
September 15, 2020 69 17 0 0 0
September 15, 2021 61 14 0 0 0
September 15, 2022 52 11 0 0 0
September 15, 2023 42 5 0 0 0
September 15, 2024 32 0 0 0 0
September 15, 2025 23 0 0 0 0
September 15, 2026 15 0 0 0 0
September 15, 2027 0 0 0 0 0
September 15, 2028 0 0 0 0 0
Avg Life In Years: 24.0 15.3 11.3 9.7 8.4
- -------------------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
<PAGE>
UCFC Manufactured Housing Contract Pass-Through Certificates,
Series 1998-3
Computational Materials
Percent of Principal Outstanding of Class B-1
-----------------------------------------------------------------------------
Percent of MHP: 0 100 175 250 350
-----------------------------------------------------------------------------
Initial Percent 100 100 100 100 100
September 15, 1999 100 100 100 100 100
September 15, 2000 100 100 100 100 100
September 15, 2001 100 100 100 100 100
September 15, 2002 100 100 100 100 100
September 15, 2003 100 100 100 100 100
September 15, 2004 100 100 60 47 28
September 15, 2005 100 100 25 0 0
September 15, 2006 100 73 67 0 0
September 15, 2007 100 48 0 0 0
September 15, 2008 100 25 0 0 0
September 15, 2009 100 2 0 0 0
September 15, 2010 100 0 0 0 0
September 15, 2011 100 0 0 0 0
September 15, 2012 100 0 0 0 0
September 15, 2013 100 0 0 0 0
September 15, 2014 100 0 0 0 0
September 15, 2015 100 0 0 0 0
September 15, 2016 96 0 0 0 0
September 15, 2017 73 0 0 0 0
September 15, 2018 48 0 0 0 0
September 15, 2019 25 0 0 0 0
September 15, 2020 0 0 0 0 0
September 15, 2021 0 0 0 0 0
September 15, 2022 0 0 0 0 0
September 15, 2023 0 0 0 0 0
September 15, 2024 0 0 0 0 0
September 15, 2025 0 0 0 0 0
September 15, 2026 0 0 0 0 0
September 15, 2027 0 0 0 0 0
September 15, 2028 0 0 0 0 0
Avg Life In Years: 20.0 9.0 6.3 6.0 5.7
- ------------------------------------------------------------------------------
The above analysis has not been prepared nor reviewed by the Issuer and is not
intended to be a prospectus. Any investment decision with respect to the
security should be made by you based solely upon all of the information
contained in the final prospectus. Under no circumstances shall the information
presented constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The securities may
not be sold nor may an offer to buy be accepted prior to the delivery of a final
prospectus relating to the securities. The above preliminary description of the
underlying assets has not been independently verified by Credit Suisse First
Boston. All information described above is preliminary, limited in nature and
subject to completion or amendment. Credit Suisse First Boston makes no
representations that the above referenced security will actually perform as
described in any scenario presented.
LOGO: CREDIT SUISSE/FIRST BOSTON
