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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: Commission file number:
December 31, 1995 33-55860
STRUCTURED PRODUCTS CORP., on behalf of TIERS
TRUST 1 (Issuer in respect of the Structured Treasury Escalating
Pass-Through Certificates, Series 1)
(Exact name of registrant as specified in its charter)
United States of America 13-3692801
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization Identification No.)
Seven World Trade Center
33rd Floor
New York, NY 10048
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code:
(212) 783-6645
Securities registered pursuant to Section 12(b) of the Act:
TIERS Trust 1, Structured Treasury Escalating Pass-Through Certificates,
Series 1
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the Registrant has (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to filed such reports) and (2) has been subject to such filing
requirements for the past 90 days.
Yes No /x/
State the aggregate market value of the voting stock held by non-affiliates of
the registrant.
The Registrant has no voting stock or class of common stock outstanding as of
the date of this report.
Introductory Note
Structured Products Corp. (the "Depositor") is the depositor under the Trust
Agreement, dated as of March 29, 1995, and the Series 1 Supplement, dated as of
March 29, 1995, by and between the Depositor and Bankers Trust Company, as
Trustee (the "Trustee"), providing for the issuance of the Structured Treasury
Escalating Pass-Through Certificates, Series 1 ( the "Certificates") and is the
depositor for TIERS Trust 1 (the "Registrant"). The Certificates do not
represent obligations of or interests in the Depositor. Pursuant to staff
administrative positions established in various no-action letters, see, e.g.,
Corporate Asset Backed Corporation ("CABCO") (available August 9, 1995); Lehman
Structured Assets, Inc. (available December 8, 1994), Depositor is not required
to respond to various items of Form 10-K. Such items are designated herein as
"Not Applicable."
PART I
Item 1. Business
Not Applicable
Item 2. Properties
Not Applicable
Item 3. Legal Proceedings
None
Item 4. Submission of Matters To A Vote Of Security Holders.
None
PART II
Item 5. Market For Registrant's Common Equity and Related Stockholder Matters
The Certificates issued by TIERS Trust 1 representing
investors' interest in the Trust are represented by one or
more physical Certificates registered in the name of Cede &
Co., the nominee of The Depository Trust Company.
To the best knowledge of the registrant, there is no
established public trading market for the Certificates.
Item 6. Selected Financial Data
Not Applicable
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Not Applicable
Item 8. Financial Statements and Supplementary Data
Not Applicable
Item 9. Changes In and Disagreements With Accountants On Accounting and
Financial Disclosure
None
Item 10. Directors and Executive Officers of the Registrant
Not Applicable
Item 11. Executive Compensation
Not Applicable
PART III
Item 12. Security Ownership Of Certain Beneficial Owners and Management
(a) Not Available
(b) Not Applicable
(c) Not Applicable
Item 13. Certain Relationships and Related Transactions
None
PART IV
Item 14. Exhibits, Financial Statement Schedules, And Reports On Form 8-K
(a) The following documents are filed as part of this Report:
3. Exhibits:
28.01 Structured Treasury Escalating Pass-Through
Certificates, Series 1 (File No. 33-55860) -- Accountants'
Report on Agreed-Upon Procedures dated September 21, 1995.
(b) None
(c) See item 14(a)(3) above.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.,
as depositor for Trust Registrant
Date: April 15, 1997 By: /s/ Philip U. Tremmel
--------------------------
(information provided as of Philip U. Tremmel
December 31, 1995) Vice President and Finance Officer