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): March 1, 2000
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 JC Penny 1999-1
CORTSSM TRUST FOR J.C. PENNEY DEBENTURES CORPORATE
- -BACKED TRUST SECURITIES
CORTSSM TRUST FOR BELLSOUTH DEBENTURES, CORPORATE BACKED
TRUST SECURITIES
CORTSSM TRUST FOR XEROX CAPITAL TRUST I, CORPORATE-BACKED TRUST SECURITIES
CORTSSM TRUST FOR COUNTRYWIDE CAPITAL I, CORPORATE BACKED TRUST SECURITIES
GINsK PRINCIPAL-PROTECTED TRUST CERTIFICATE, SERIES YEN BEAR 1991-1
(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)
<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.
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 March 1, 2000 Distribution Date
for the CorTS Trust for JC Penney Debentures Certificates, Series 1999-1.
No Reports for the Other Series Listed.
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: March 1, 2000
3
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
1. Trustee's Report in respect of the March 1, 2000
Distribution Date for the CorTS Trust for JC Penney
Debentures Certificates Series 1999-1 5
4
EXHIBIT 1
To the Holders of
CorTS Trust for JC Penney
Debentures Certificates Series 1999-1
CUSIP 220803100
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the CorTS Trust of JC Penney Debenture Certificates,
Series 1999-1, hereby gives notice with respect to the Distribution occurring on
March 1, 2000 (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:
Principal Interest Total Distribution
$0.00 $953.125 $953.125
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. $4,000,000 aggregate principal amount of CorTS Trust for JC Penney Debentures
Certificates due 2097 (the "Term Assets") are held for the above trust. The Term
Assets are currently rated A3 by Moody's Investors Service, Inc. and A by
Standard and Poor's Rating Group.
5. The Aggregate Certificate Principal Balance of Certificates at the close of
business on the Distribution Date is $4,000,000.00
U.S. BANK TRUST NATIONAL ASSOCIATION
