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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
February 1, 2000
Date of Report (Date of Earliest Event Reported)
Lehman ABS Corporation (as depositor under the Standard Terms for Trust
Agreements, dated as of February 28, 1996, as supplemented by a Series
Supplement, dated as of July 10, 1997, which together formed the Corporate
Bond-Backed Certificates Trust, Series 1997-CHR-1, which issued Corporate Bond
Backed Certificates, Series 1997-CHR-1)
LEHMAN ABS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware 033-73438-05 13-3447441
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
Three World Financial Center 10285
200 Vesey Street (Zip Code)
New York, New York
(Address of Principal Executive Offices)
(212) 526-5594
(Registrant's Telephone Number,
Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. OTHER EVENTS
On February 2, 1998, August 3, 1998, February 1, 1999, August 2, 1999 and
February 1, 2000 distributions were made to the Holders of the Corporate Bond
Backed Certificates, Series 1997- CHR-1 (the "Certificate Holders"). Specific
information with respect to the distributions is filed as Exhibits 99.1 through
99.5.
No other reportable transactions or matters have occurred during the current
reporting period.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) The following exhibits are filed as part of this report:
99.1 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending February 2, 1998.
99.2 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending August 3, 1998.
99.3 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending February 1, 1999.
99.4 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending August 2, 1999.
99.5 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending February 1, 2000.
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SIGNATURE
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.
Date: May 26, 2000
THE BANK OF NEW YORK
AS TRUSTEE, FOR
CORPORATE BOND-BACKED
CERTIFICATES TRUST,
SERIES 1997-CHR-1
By: /s/ Enrico D. Reyes
-------------------------
Enrico D. Reyes
Vice President
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Trustee's Distribution Statement to the Certificate
Holders for the six-month period ending February 2, 1998.
99.2 Trustee's Distribution Statement to the Certificate
Holders for the six-month period ending August 3, 1998.
99.3 Trustee's Distribution Statement to the Certificate
Holders for the six-month period ending February 1, 1999.
99.4 Trustee's Distribution Statement to the Certificate
Holders for the six-month period ending August 2, 1999.
99.5 Trustee's Distribution Statement to the Certificate
Holders for the six-month period ending February 1, 2000.
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Exhibit 99.1
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-CHR-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
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in accordance with the Standard Terms and Conditions of Trust, The Bank of New York,
as trustee submits the following cash basis statement for the period ending: February 2, 1998
INTEREST ACCOUNT
Balance as of August 1, 1998 0
Schedule Income received on securities.................................... 1862500
Unscheduled Income received on securities................................. 0
Schedule Interest received from Swap Counterparty......................... 0
Unscheduled Interest received from Swap Counterparty...................... 0
Interest Received on sale of Securties.................................... 0
LESS:
Distribution to Beneficial Holders........................................ 1395595
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses................................... 0
Balance as of February 2, 1998 Subtotal 464655
PRINCIPAL ACCOUNT
Balance as of August 1, 1998 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 464655
Distribution to Swap Counterparty......................................... 0
Balance as of February 2, 1998 Subtotal 464655
Balance 0
UNDERLYING SECURITIES HELD AS OF February 2, 1998
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
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Exhibit 99.2
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-CHR-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
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in accordance with the Standard Terms and Conditions of Trust, The Bank of New York,
as trustee submits the following cash basis statement for the period ending: August 3, 1998
INTEREST ACCOUNT
Balance as of February 2, 1998 0
Schedule Income received on securities.................................... 1862500
Unscheduled Income received on securities................................. 0
Schedule Interest received from Swap Counterparty......................... 0
Unscheduled Interest received from Swap Counterparty...................... 0
Interest Received on sale of Securties.................................... 0
LESS:
Distribution to Beneficial Holders........................................ 1378771
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses............................ 0
Balance as of August 3, 1998 Subtotal 481479
PRINCIPAL ACCOUNT
Balance as of February 2, 1998 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 481479
Distribution to Swap Counterparty......................................... 0
Balance as of August 3, 1998 Subtotal 481479
Balance 0
UNDERLYING SECURITIES HELD AS OF August 3, 1998
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
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Exhibit 99.3
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-CHR-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
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<S> <C> <C>
in accordance with the Standard Terms and Conditions of Trust, The Bank of New York,
as trustee submits the following cash basis statement for the period ending : February 1, 1999
INTEREST ACCOUNT
Balance as of August 3, 1998 0
Schedule Income received on securities.................................... 1862500
Unscheduled Income received on securities................................. 0
Schedule Interest received from Swap Counterparty......................... 0
Unscheduled Interest received from Swap Counterparty...................... 0
Interest Received on sale of Securties.................................... 0
LESS:
Distribution to Beneficial Holders........................................ 1361337
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses................................... 0
Balance as of February 1, 1999 Subtotal 498913
PRINCIPAL ACCOUNT
Balance as of August 3, 1998 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 498913
Distribution to Swap Counterparty......................................... 0
Balance as of February 1, 1999 Subtotal 498913
Balance 0
UNDERLYING SECURITIES HELD AS OF February 1, 1999
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
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Exhibit 99.4
TRUSTEE'S DISTRIBUTION STATEMENT
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
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<S> <C> <C>
in accordance with the Standard Terms and Conditions of Trust, The Bank of New York,
as trustee submits the following cash basis statement for the period ending : August 2, 1999
INTEREST ACCOUNT
Balance as of February 1, 1999 0
Schedule Income received on securities.................................... 1862500
Unscheduled Income received on securities................................. 0
Schedule Interest received from Swap Counterparty......................... 0
Unscheduled Interest received from Swap Counterparty...................... 0
Interest Received on sale of Securties.................................... 0
LESS:
Distribution to Beneficial Holders........................................ 1343272
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses................................... 0
Balance as of August 2, 1999 Subtotal 516978
PRINCIPAL ACCOUNT
Balance as of February 1, 1999 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 516978
Distribution to Swap Counterparty......................................... 0
Balance as of August 2, 1999 Subtotal 516978
Balance 0
UNDERLYING SECURITIES HELD AS OF August 2, 1999
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
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Exhibit 99.5
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-CHR-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
<TABLE>
<S> <C> <C>
in accordance with the Standard Terms and Conditions of Trust, The Bank of New York,
as trustee submits the following cash basis statement for the period ending: February 1, 2000
INTEREST ACCOUNT
Balance as of August 2, 1999 0
Schedule Income received on securities.................................... 1862500
Unscheduled Income received on securities................................. 0
Schedule Interest received from Swap Counterparty......................... 0
Unscheduled Interest received from Swap Counterparty...................... 0
Interest Received on sale of Securties.................................... 0
LESS:
Distribution to Beneficial Holders........................................ 1324553
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses............................ 0
Balance as of February 1, 2000 Subtotal 535697
PRINCIPAL ACCOUNT
Balance as of August 2, 1999 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 535697
Distribution to Swap Counterparty......................................... 0
Balance as of February 1, 2000 Subtotal 535697
Balance 0
UNDERLYING SECURITIES HELD AS OF February 1, 2000
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
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