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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
Date of Report (Date of earliest event reported): February 15, 1998
Structured Products Corp. on behalf of
TIERS(Servicemark) Corporate Bond-Backed Certificates Trust IBM 1997-4
TIERS(Servicemark) Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS(Servicemark) Corporate Bond-Backed Certificates Trust APA 1997-8
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(Exact name of registrant as specified in its charter)
Delaware 33-55860 13-3692801
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification Number)
incorporation or
organization)
Room 33-130, 33rd Floor, Seven World Trade Center, New York, New York 10048
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 783-6645.
N/A
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(Former name or former address, if changed since last report)
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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.
On February 17, 1998, $18,397,000 principal amount of TIERS
(Servicemark) Corporate Bond-Backed Certificates, Series BLS 1997-6 ZTF Class
and $6,755,378 principal amount of TIERS(Servicemark) Corporate Bond-Backed
Certificates, Series BLS 1997-6 Amortizing Class were exchanged for $18,397,000
principal amount of the Term Assets.
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 for TIERS
(Servicemark) Corporate Bond-Backed Certificates Trust APA 1997-8: February 15,
1998
Item 8. Change in Fiscal Year.
Not Applicable.
2
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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
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Name: Timothy P. Beaulac
Title: Assistant Vice President
and Finance Officer
Dated: February 15, 1998
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INDEX OF EXHIBITS
Page of Sequentially
Numbered Pages
1 Trustee's Report in respect of the Following Distribution
Date for TIERS(Servicemark) Corporate Bond-Backed Certificates Trust
APA 1997-8 : February 15, 1998 5
4
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Exhibit 1
To the Holders of
Trust Investment Enhanced Return Securities(Servicemark)
Corporate Bond-Backed Certificates, APA 1997-8
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(Servicemark) Bond-Backed
Certificates Trust, APA 1997-8, hereby gives notice with respect to the
Distribution occurring on February 15, 1998 (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 $36.501111 $11.652115 $48.153226
2. The amount of aggregate accreted and unpaid interest accrued as of the
Distribution Date on each ZTF Class is set forth below per each $1,000 face
amount of Certificates is $0.00.
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 Apache Corporation Fifty Year 7 3/8%
Debentures due August 15, 2047 held for the above trust is $75,000,000 (the
"Term Assets"). The Term Assets are currently rated Baa1 by Moody's Investors
Service, Inc. and BBB+ 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 $75,000,000.00
Amortizing Class $57,395,338.36
FIRST TRUST OF NEW YORK, NATIONAL ASSOCIATION
