<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) December 1, 1997
Structured Products Corp. on behalf of
TIERS(Service Mark) Corporate Bond-Backed Certificates Trust IBM
1997-4 (Issuer in respect of the TIERS(Service Mark) Corporate Bond-Backed
Certicates, Series IBM 1997-4)
------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 33-55860 13-3692801
(State or other jurisdiction (Commission file number) (I.R.S. employer
(of incorporation) identification no.)
Room 33-130, 33rd floor
Seven World Trade Center
New York, New York 10048 10019
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 783-6645
---------------------------------------------------------------
(Former name or former address, if changed since last report)
1
<PAGE>
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
Not Applicable.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro-Forma Financial Information and
Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
1.Trustee's Report in respect of the following Distribution
Date: December 1, 1997
Item 8. Change in Fiscal Year.
Not Applicable.
2
<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.
STRUCTURED PRODUCTS CORP.
By: /s/ Timothy P. Beaulac
--------------------------
Name: Timothy P. Beaulac
Title: Assistant Vice President and
Finance Officer
Dated: December 5, 1997
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
1. Trustee's Reports in respect of the following Distribution Date:
Decenmber 1, 1997 5
4
<PAGE>
Exhibit 1
To the Holders of
Trust Investment Enhanced Return SecuritiesSM
Corporate Bond-Backed Certificates, Series IBM 1997-4
ZTF Class
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, First Trust of New York,
National Association, as Trustee for the TIERS Corporate Bond-Backed
Certificates Trust, Series IBM 1997-4, hereby gives notice with respect to the
Distribution occurring on December 1, 1997 (the "Distribution Date") as follows:
1. The amount of the distribution payable to the Certificateholders of each
class of Certificates on the Distribution Date allocable to principal and
premium, if any, and interest expressed as a dollar amount per $1,000 original
face amount of securities, is as set forth below:
Class Principal Interest Total Distribution
ZTF Class $0.00 $0.00 $0.00
Amortizing Class $11.35 $36.75 $48.10
2. The amount of aggregate interest due and not paid as of the Distribution Date
is $0.00. The interest accreted on the ZTF class during the period is $7.65395
expressed as a dollar amount per $1,000 original face amount of securities.
3. No fees have been paid to the Trustee or any other party from the proceeds of
the Term Assets.
4. The aggregate stated principal amount of the IBM 7 1/8% Debentures due
December 1, 2096 held for the above trust (the "Term Assets") is $100,000,000.
The Term Assets are currently rated A1 by Moody's Investors Service, Inc. and A
by Standard and Poor's Ratings Group.
5. The Aggregate Certificate Principal Balance of each class of Certificates at
the close of business on the Distribution Date is set forth below:
Class Principal Balance
ZTF Class $100,000,000.00
Amortizing Class $73,212,984.50
FIRST TRUST OF NEW YORK, NATIONAL ASSOCIATION
5
