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): October 1, 1998
Structured Products Corp. on behalf of
TIERSsm Corporate Bond-Backed Certificates Trust IBM 1997-4
TIERSsm Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERSsm Corporate Bond-Backed Certificates Trust APA 1997-8
TIERSsm Corporate Bond-Backed Certificates Trust JPM 1998-2
TIERSsm Corporate Bond-Backed Certificates Trust LTR 1998-4
TIERSsm Corporate Bond-Backed Certificates Trust MOT 1998-5
TIERSsm Corporate Bond-Backed Certificates Trust C 1998-6
(Exact name of registrant as specified in its charter)
Delaware 33-55860 13-3692801
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or Identification Number)
organization)
Room 33-130, 33rd Floor, Seven World Trade Center, New York, New York 10048
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 783-6645.
N/A
(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.
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.
Trustee's Report with respect to October 1, 1998 Distribution
Date.
Item 8. Change in Fiscal Year.
Not Applicable.
<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
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Name: Timothy P. Beaulac
Title: President and Finance Officer
Dated: October 1, 1998
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EXHIBIT INDEX
Exhibit Page
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1. Trustee's Report in respect of the October 1, 1998 Distribution Date 5
To the Holders of
Trust Investment Enhanced Return Securities SM
Corporate Bond-Backed Certificates, MOT 1998-5
ZTF Class 871928 BJ 5
Amortizing Class 871928 BK 2
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the TIERSsm Bond-Backed Certificates Trust, MOT
1997-5, hereby gives notice with respect to the Distribution occurring on
October 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 $12.52847 $32.50000 $45.02847
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 Motorola, Inc. 5.22% Debentures
due October 1, 2097 held for the above trust is $74,616,000 (the "Term Assets").
The Term Assets are currently rated Aa3 by Moody's Investors Service, Inc. and
AA 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 $74,616,000
Amortizing Class $42,708,143.83
U.S. BANK TRUST NATIONAL ASSOCIATION
