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): October 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 TENS CERTIFICATES TRUST LTR 1998-4
TIERSsm CORPORATE BOND-BACKED CERTIFICATES TRUST MOT 1998-5
TIERSsm CORPORATE BOND-BACKED CERTIFICATES TRUST C 1998-6
TIERSsm CORPORATE BOND-BACKED CERTIFICATES TRUST
CorTSsm Trust for J.C. PENNEY DEBENTURES 1999-1
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 33-55860/ 13-3692801
33-357357
- -------- --------- ----------
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE IDENTIFICATION
INCORPORATION OR NUMBER) NUMBER)
ORGANIZATION)
390 GREENWICH ST., NEW YORK, NEW YORK 10013
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE (212) 783-6645.
ROOM 33-130, 33RD FLOOR, SEVEN WORLD TRADE CENTER, NEW YORK, NEW YORK 10048
___________________________________________________________________________
(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 October 15, 1999 Distribution
Date for the Tiers Ten Certificates Series LTR 1998-4. No Reports for
the Other Series Listed Above are Required.
Item 8. CHANGE IN FISCAL YEAR.
NOT APPLICABLE.
2
<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
-------------------------------------
Name: Timothy P. Beaulac
Title:President and Finance Officer
Dated: October 15, 1999
3
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the October 15, 1999
Distribution Date for TIERS Ten Certificates Series
LTR 1998-4. 5
4
EXHIBIT 1
To the Holders of
Trust Investment Enhanced Returned Securities
Corporate Bond-Backed Certificates, Series LTR 1998-4 CUSIP 871928 BH9
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the TIERS Corporate Bond-Backed Certificates Trust,
Series LTR 1998-4, hereby gives notice with respect to the Distribution
occurring on October 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:
$350,000.00 Interest
2. The amount of aggregate interest due and not paid as of the Distribution Date
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 Lowes Corporation 7% Senior Notes
due 10/15/2023 (the "Term Assets") held for the above trust is $10,000,000. The
Term Assets are currently rated A3 by Moody's Investors Service, Inc. and A by
Standard and Poor's Ratings Group.
5. The Aggregate Certificate Principal Balance of the $1,000,000 at the close of
business on the Distribution Date is:
Class Principal Balance
Amortizing Class $1,000,000.00
U.S. BANK TRUST NATIONAL ASSOCIATION
