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, 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 MOT 1998-5
TIERSsm TENS CERTIFICATES TRUST LTR 1998-4
TIERSsm CORPORATE BOND-BACKED CERTIFICATES TRUST C 1998-6
TIERSsm CORPORATE BOND-BACKED CERTIFICATES TRUST JC PENNY 1999-1
CorTS CORPORATE BOND-BACKED TRUST Securities BellSouth 1999-2
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 33-55860 13-3692801
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33-357357
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(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE IDENTIFICATION
INCORPORATION OR NUMBER) NUMBER)
ORGANIZATION)
390 Greenwich Street, New York, New York 10013
- ---------------------------------------------------------------------------
(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)
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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 December 1, 1999
DISTRIBUTION DATE FOR THE CorTS CORPORATE BOND-BACKED
TRUST SECURITIES BELLSOUTH 1999-2.
NO REPORTS FOR THE OTHER SERIES LISTED.
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.
By:/s/ Timothy P. Beaulac
-------------------------------------
Name: Timothy P. Beaulac
Title:President and Finance Officer
Dated: December 1, 1999
3
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EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the December 1, 1999
CorTS Corporate Bond-Backed Trust Securities
BellSouth 1999-2 Distribution Date 5
4
To the Holders of
CorTS Corporate Bond-Backed Certificates,
Series BellSouth 1999-2 CUSIP 22080E205
ZTF Class
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the CorTS Corporate Bond-Backed Certificates Trust,
Series BellSouth 199-2, hereby gives notice with respect to the Distribution
occurring on December 1, 1999 (the "Distribution Date") as follows:
1. The amount of the distribution payable to the Certificateholders 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:
Principal Interest Total Distribution
$0.00 $83.125 $83.125
2. The amount of aggregate interest due and unpaid as of the Distribution Date
is $0.00.
3. The aggregate stated principal amount of BellSouth Telecommunications, Inc.
One Hundred Year 7% Debentures due 10/1/2029 (the "Term Assets") held for the
above trust is $50,000,000. Ther Term Assets are currently rated Aaa by Moody's
Investors Service, Inc. and AAA by Standard and Poor's Ratings Group.
4. The Aggregate Certificate Principal Balance of the Certificates at the close
of business on the Distribution Date is $150,000,000.
U.S. BANK TRUST NATIONAL ASSOCIATION
