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SATURNS

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Hutchinson 0.01 sec.
SATURNS

SATURNS
An equity derivative linked to some stated collateral. The credit rating of SATURNS depends on the risk of the underlying collateral.


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In connection with the Tender Offer, on February 7, 2008, the call options holder for the SATURNS 2003-9 Trust (the "Trust") notified the Trust of its intent to exercise its call options representing its right to call all of the underlying securities owned by the Trust.
On February 8, 2008, the Call Options holder for the SATURNS 2003-16 Trust (the "Trust") notified the Trust of its intent to exercise its Call Options representing its right to call all of the underlying securities held by the Trust.
In connection with the Tender Offer, on February 7, 2008, the Call Options holder for the SATURNS 2003-9 Trust (the "Trust") notified the Trust of its intent to exercise its Call Options representing its right to call all of the Underlying Securities owned by the Trust.
 
 
 
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