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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): June 1, 1998
Structured Products Corp. on behalf of
TIERS(sm) Corporate Bond-Backed Certificates Trust IBM 1997-4
TIERS(sm) Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERS(sm) Corporate Bond-Backed Certificates Trust APA 1997-8
(Exact name of registrant as specified in its charter)
Delaware 33-55860 13-3692801
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation or organization) Number) Identification Number)
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.
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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.
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 to the Holders of TIERS(sm) Corporate Bond-Backed
Certificates Trust IBM 1997-4 for June 1, 1998 Distribution Date
Item 8. Change in Fiscal Year.
Not Applicable.
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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: President and Finance Officer
Dated: June 1, 1998
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EXHIBIT INDEX
Exhibit Page
1. Trustee's Report to the Holders of TIERS(sm) Corporate Bond-Backed
Certificates Trust IBM 1997-4 for June 1, 1998 Distribution Date 5
4
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To the Holders of
Trust Investment Enhanced Return Securities(sm)
Corporate Bond-Backed Certificates, Series IBM 1997-4
ZTF Class
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, formerly 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 June
1, 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 $11.617273 $35.848551 $47.465824
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
$7.95398 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 $72,341,061.68
U.S. Bank Trust National Association
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