United States Cellular Corp | Synthetic Fixed-Income Sec STRATS 2005-04, Float Rate Wal-Mart Stores (GJO)
Prospectus excerpt: Synthetic Fixed-Income Securities Inc., Floating Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2005-4, STRATS Trust for Wal-Mart Stores Inc., price to the public $25 per certificate. The underlying securities are the 7.55% Notes due 2/15/2030 issued by Wal-Mart Stores Inc. (NYSE: WMT). The certificates pay floating rate distributions monthly on the 15th of each month to holders of record on the business day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The floating interest rate of the certificates will adjust for each distribution date and will be based on the three-month LIBOR rate plus 0.50% and subject to a maximum rate of 7.50%. The underlying notes are subject to early redemption if the underlying security issuer ceases to or fails to file periodic reports with the SEC. Certificate ratings at the IPO were Aa2 by Moody's & AA by S&P. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation.
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United States Cellular provides wireless telecommunications services. Co. focuses on consumer, business and government customers located in its operating markets. Co. provides wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions and software applications across the categories of monitor and control, business automation/operations, communication, asset management, smart water solutions, and custom, end-to-end IoT solutions. Additionally, for first responders, Co. provides both Wireless Priority Services and Quality Priority and Preemption options. Preferreds: GJH, GJO, GJP, GJR, GJS, GJT Open the USM Information Page » |
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