Conditional Notice of Call Warrant Exercise on Term Assets: CorTS Trust for Bristol-Myers Squibb Debentures

Class A CUSIP: 22082B209*

Class B CUSIP: 22082BAA8 *

NEW YORK--()--U.S. Bank Trust National Association serves as trustee (the “Trustee”) for the above-referenced Trust (the “Trust”) formed pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2002-4 (the “Series Supplement”), dated as of May 23, 2002 (collectively, the “Trust Agreement”) by and between Structured Products Corporation (the “Depositor”) and the Trustee. Capitalized terms used herein have the meanings set forth in the Trust Agreement. The assets of the Trust include the following securities:

6.875% Debentures due August 1, 2097
CUSIP No. 110122AC2
issued by
Bristol-Myers Squibb Company

On December 4, 2012 the Warrantholder gave notice to the Trustee of its intent to exercise all Call Warrants for the purchase of all of the Term Assets held by the Trust, and agrees to make payment equal to the sum of the principal amount of the Term Assets being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid interest to and including the Warrant Exercise Date, determined to be Thursday, December 20, 2012 (the “Warrant Exercise Date” or “Redemption Date”).

THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE WARRANT EXERCISE DATE.

On the Redemption Date, if the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time), then (i) $54,500,000 Class A Certificates will be redeemed at a price of $25.00 per Class A Certificate plus accrued interest of $0.656389 per Class A Certificate to the Redemption Date and (ii) holders of Class B Certificates will receive a final payment of accrued interest of $0.289583 per $1,000 Class B Certificate.

If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and will continue to accrue distributions as if no exercise notice had been given and (ii) the Warrantholder may elect to deliver a partial or full conditional notice of exercise in the future.

December 5, 2012

*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 this notice. It is included solely for the convenience of the holders.

Contacts

U.S. Bank Trust National Association
Bondholder Services, 800-934-6802

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Contacts

U.S. Bank Trust National Association
Bondholder Services, 800-934-6802