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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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:
December 31, 1999
Commission File Number: 33-
5860/33-357357
STRUCTURED PRODUCTS CORP.,
on behalf of
TIERS CALLABLE PRINCIPAL-PROTECTED ASSET BACKED CERTIFICATES TRUST SERIES
S&P 1999-2
Delaware 13-3692801
(State or other jurisdiction (I.R.S. employer
or incorporation) identification no.)
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.
Securities registered pursuant to Section 12(b) of the Act:
TIERS CALLABLE PRINCIPAL-PROTECTED ASSET BACKED TRUST CERTIFICATES,
SERIES S&P 1999-2.
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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 have filed such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes ___ No __ 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.
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INTRODUCTORY NOTE
Structured Products Corp. (the "Depositor") is the Depositor under the Base
Trust Agreements as supplemented by the Series Supplements listed below by
and between the Depositor and The Bank of New York Trust Company (Cayman)
Limited, as Trustee (the "Trustee"), providing for the issuance of the
TIERS Certificates listed below (the "Certificates") and is the depositor
for the Certificates (the "Registrant') The Certificates do not represent
obligations of or interests in the Depositor or the Trustee. 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), the
Depositor is not required to respond to various items of From 10-K. Such
items are designated herein as "Not applicable."
GOVERNING DOCUMENTS CERTIFICATES ISSUED THEREUNDER
Base Corporate Trust Agreement and TIERS Callable Principal-Protected Asset
TIERS Asset Backed Supplement Series, S&P Backed Trust Certificates, Series
1999-2, each dated as of December 9, S&P Series S&P 1999-2.
1999.
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PART I
ITEM 1. BUSINESS
- ----------------
Not Applicable
ITEM 2. PROPERTIES
- -------------------
Not Applicable
ITEM 3. LEGAL PROCEEDINGS
- --------------------------
Not Applicable
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
- ------------------------------------------------------------
Not Applicable
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
- -----------------------------------------------------------------
STOCKHOLDER MATTERS
- -------------------
The Certificates are represented by one or more physical
Certificates registered in the name of "Cede& Co.", the nominee of
The Depository Trust Company.
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
- ---------------------------------------------------
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Not Applicable
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
- -----------------------------------------------------------------
ACCOUNTING AND FINANCIAL DISCLOSURE
- -----------------------------------
Not Applicable
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
- ------------------------------------------------------------
Not Applicable
ITEM 11. EXECUTIVE COMPENSATION
- ---------------------------------
Not Applicable
PART II
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 SCHEDULES AND REPORTS ON FORM 10-K
- ---------------------------------------------------------------
None
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the 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 the
Trusts (the "Registrant")
By:
By:_/S/ TIMOTHY P. BEAULAC
-----------------------
Name: Timothy P. Beaulac
Title: President
Dated as of: June 23, 2000
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