The American Stock Exchange Lists TIERS Principal-Protected Trust Certificates
27 November 2003 - 4:20AM
PR Newswire (US)
The American Stock Exchange Lists TIERS Principal-Protected Trust
Certificates NEW YORK, Nov. 26 /PRNewswire/ -- The American Stock
Exchange(R) (Amex(R)) today began trading TIERS Principal-Protected
Minimum Return Trust Certificates, Series S&P 2003-23. The
TIERS will be trading under the ticker symbol SPO.WI until
regular-way trading begins on November 28, 2003 under the ticker
symbol SPO. The 21.75 million shares of the new five-year
securities were issued at 100% of the principal amount ($10 each)
and will not bear any interest. At maturity, on January 6, 2009,
the trust is scheduled to repay the entire principal amount of the
certificates plus an amount based on the return of the S&P 500
Index, subject to a monthly appreciation cap. The issuer for the
TIERS is Structured Products Corp. The Amex specialist unit for the
new listing is AGS/STR/OTA. The TIERS will be quoted and traded as
a stock, issued in round lots of 100 shares. If you would like to
receive a copy of the prospectus for SPO please contact the Capital
Markets Group at the American Stock Exchange at (212) 306-1659. The
American Stock Exchange(R) (Amex(R)) is the only primary exchange
that offers trading across a full range of equities, options and
exchange traded funds (ETFs), including structured products and
HOLDRS(SM). In addition to its role as a national equities market,
the Amex is the pioneer of the ETF, responsible for bringing the
first domestic product to market in 1993. Leading the industry in
ETF listings, the Amex lists 126 ETFs. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
DATASOURCE: American Stock Exchange CONTACT: Media, Lynn Teresky,
American Stock Exchange, +1-212-306-1654, Web site:
http://www.amex.com/
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