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): April 15, 1999
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 (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE IDENTIFICATION
INCORPORATION OR NUMBER) 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 THE APRIL 15, 1999
DISTRIBUTION DATE FOR THE TIERS LTR 1998-4. NO REPORTS FOR THE
OTHER SERIES LISTED ABOVE ARE REQUIRED.
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
-------------------------------------
Name: Timothy P. Beaulac
Title:President and Finance Officer
Dated: April 15, 1999
3
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EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the April 15, 1999
Distribution Date for TIERS LTR 1998-4. 5
4
To the Holders of
Trust Investment Enhanced Return Securitiessm
TENS Certificates, Series LTR 1998-4
ZTF Class 871928 BH9
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the TIERS TENS Certificates, Series LTR 1998-4
hereby gives notice with respect to the Distribution occurring on April 15,
1999 (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 $350.00
2. The amount of aggregate accreted and unpaid interest accrued as of the
Distribution Date 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 Loews Corporation 7% Senior Notes,
Due October 15, 2023 (the "Term Assets") is $10,000,000. The Term Assets are
currently rated A1 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 $1,000,000.
U.S. BANK TRUST NATIONAL ASSOCIATION
