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): AUGUST 15, 1999
STRUCTURED PRODUCTS CORP. ON BEHALF OF
TIERSSM CORPORATE BOND-BACKED CERTIFICATES, SERIES APA 1997-8 (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)
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.
ROOM 33-130, 33RD FLOOR, SEVEN WORLD TRADE CENTER, NEW YORK, NEW YORK 10048
---------------------------------------------------------------------------
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
1
<PAGE>
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.
TRUSTEE'S REPORT WITH RESPECT TO THE AUGUST 15, 1999 DISTRIBUTION DATE
FOR THE THE TIERS SERIES APA 1997-8.
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
3
EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the August 15, 1999 Distribution 5
Date
4
Exhibit 1
To the Holders of
Trust Investment Enhanced Return SecuritiesSM
Corporate Bond-Backed Certificates, Series APA 1997-8
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 APA 1997-8,
hereby gives notice with respect to the Distribution occurring on August 15,
1999 (the "Distribution Date") as follows:
1. The amount of the distribution payable to the Certificate holders 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 $5.520252 $14.982228 $20.50248
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 the Chrysler Corporation 7.3/8%
Debentures due August 15, 2047 held for the above trust (the "Term Assets") is
$32,288,000. The Term Assets are currently rated Baa12 by Moody's Investors
Service, Inc. and BBB+ 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 $32,288,000.00
Amortizing Class $23,780,479.30
U.S. Bank Trust National Association
E-1
