NEW YORK, NY--(Marketwired - March 01, 2016) - U.S. Bank Trust National Association (
THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE CALL DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON MARCH 28, 2016.
If the Trustee receives the call price by 10:00 a.m. (New York City time) on the Call Date, then all of the remaining 19,980 total outstanding Class A-1 Trust Certificates (TRUCs) Series 2001-2 (the "Class A-1 Certificates") will be redeemed on March 28, 2016 (the "Redemption Date") at a price of $25.00 principal plus accrued interest of $0.576874875 per Certificate. The total payment on the Class A-1 Certificates designated for redemption will be $511,025.96, consisting of $499,500.00 principal plus $11,525.96 accrued interest (the "Redemption Amount"). No interest will accrue on the Class A-1 Certificates designated for redemption after the Redemption Date. If the Trustee does not receive the Call Price, then (i) the Class A-1 Certificates designated for redemption will remain outstanding and will continue to accrue interest as if no exercise notice had been given and (ii) these and other Call Warrants Holders may elect to deliver notices of exercise in the future.
This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional full redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.
By U.S. Bank Trust National Association
as Trustee
March 1, 2016
*U.S. Bank shall not be held responsible for the selection or the use of the CUSIP number, nor is any representation made as to its correctness indicated in the Redemption Notice. It is included solely for the convenience of the Holders.
Contact Information:
Bondholder Services
(800) 934-6802
U.S. Bank National Association
Corporate Trust Services
100 Wall Street, 16th floor
New York, NY 10005