These are usually issued by bank holding companies ("BHC") and are treated as debt for tax purposes by the BHC, but act more as a preferred stock to the investor. Trust preferred securities are generally issued for periods of 30 years or more based upon the underlying debenture, have a fixed interest rate, with interest paid quarterly and with the entire principal due at redemption. These differ from Index or Equity Notes in that they are not callable by the issuer for at least 5 years after being issued. The interest obligations on trust preferred securities, if deferred by the issuer, are cumulative and do not go away until paid.

Why Investors Care

Investors choose trust preferred securities when they desire a higher rate of interest combined with the assurance that their claims will be ranked ahead of all other equity holders in the event of default.

Structured Products Trust Preferred

The following table is sorted by % Price Change.
Click on the column header links to resort ascending or descending ().

Click name for additional Information.
Click symbol for quote.
As of 11/20/2009 Market Closed