STRATS GJR Trust: 65,000 certificates exchanged for $1.625 million of P&G notes
On December 6, 2006, Synthetic Fixed-Income Securities, Inc. surrendered 65,000 STRATS certificates with a stated amount of $1,625,000 to the STRATS trust in exchange for Procter & Gamble 5.800% notes due 2034 with the same principal amount. After the exchange, the trust holds $27,650,000 of these notes and 1,106,000 certificates remain outstanding. This is a routine administrative filing with no direct change in the notes' terms.
- Exchange date: December 6, 2006, under optional exchange provisions of Section 39 of the Series Supplement
- Certificates surrendered: 65,000, stated amount $1,625,000
- Procter & Gamble 5.800% notes due August 15, 2034 held by trust after exchange: $27,650,000
- Certificates outstanding after exchange: 1,106,000, representing $27,650,000 Certificate Principal Balance