Structured Products CorTS, J.C. Penney Debs, 7 5/8% Certificates

Ticker: KTP

Parent Ticker:

OTC Grey Market Temporary Ticker:

Issuance Date: 05/20/1999

1st Call Date: Anytime

Maturity Date: 03/01/2097

Shares Issued: 0

Overallotment Shares: 0

Coupon: 7.63%

Face Value: $25.00

Cumulative:

Qualified: No

Quarterly Dividend Amount: 0.476

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: 27

Payment Months:

Payment Day: 1

S&P Rating: CCC-

III Rating (In Regards to Dividend Safety Only):

Moody Rating: WR

Fitch Rating: NR