Structured Asset Trust Unit Repackagings (SATURNS); Series 2001-6 Trust; Trust Securities to be Redeemed and Trust to Terminate
24 Juli 2012 - 10:00PM
Business Wire
Structured Asset Trust Unit Repackagings (SATURNS), Bank of
America Debenture-Backed Series 2001-6 (the “Trust”) (New York
Stock Exchange Ticker Symbol “MJH”), announced today that 100% of
the securities held by the Trust will be redeemed by the issuer of
the securities, BankAmerica Institutional Capital A on July 25,
2012 at a price of 102.0175% of the principal balance plus accrued
interest, following which the Trust will terminate. Together with a
final payment under the swap agreement in relation to the Trust,
the aggregate proceeds received by the Trust are expected to be
equal to the full unit principal balance. Distribution of the
proceeds of the redemption to holders of the Trust Units will be
made in accordance with the provisions of the Trust Agreement on or
promptly following the redemption of the underlying securities.
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