UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 17, 2008
Structured Obligations Corporation
(Exact name of registrant as specified in its charter)
Delaware
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333-67188
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13-3741177
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(State or other jurisdiction of incorporation or organization)
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(Commission File Number)
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(IRS Employer Identification Number)
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270 Park Avenue, New York, New York 10013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code
(212) 834-6000
.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01 Other Events.
This current report on Form 8-K relates to a distribution made to holders of the Certificates issued by the
COBALTS Trust for Sprint Capital Notes.
Each issuer of an
underlying
security,
or guarantor thereof, or successor thereto, as applicable,
which represents ten percent (10%) or more of the aggregate principal amount of all securities
held by the trust
is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic reports and other information required to be filed pursuant to the Exchange Act, by
an
issuer of
an
underlying
security
, or guarantor thereof, or successor thereto, as applicable, may be inspected and copied at the public reference facilities maintained by the Securities and Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington, D.C. 20549. The Commission also maintains a site on the World Wide Web at "http://www.sec.gov" at which users can view and download copies of reports, proxy and information statements and other
information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system. Neither Structured Obligations Corporation nor the trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Structured Obligations Corporation nor the trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events
affecting
an
issuer of
an
underlying
security
, or guarantor thereof, or successor thereto, as applicable, or
an
underlying
security
have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available
documents described above.
Section 9- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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1.
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Trustee’s Report with respect to the
November 17
,
200
8
Distribution Date for the
COBALTS Trust for Sprint Capital Notes
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
By:
/s/
Chadwick S. Parson
________________________________
Name: Chadwick S. Parson
Title: Authorized Signatory
November
17, 2008
EXHIBIT INDEX
Exhibit
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Page
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1
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Trustee’s Report with respect to the
November 17, 2008
Distribution Date for the
COBALTS Trust for Sprint Capital Notes
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5
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Exhibit 1
To the Holders of:
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COBALTS Trust for Sprint Capital Notes
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8.125% Corporate Backed Listed Trust Securities (“COBALTS”) Trust Series Sprint Capital Certificates,
Series 2002-1
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*CUSIP:
19074V102
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U.S. Bank Trust National Association, as Trustee for the COBALTS Trust for Sprint Capital Notes, hereby gives notice with respect to the Distribution Date of November 17, 2008 (the “Distribution Date”) as follows:
1.
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The amount of the distribution payable to the Certificateholders on the Distribution Date allocable to principal and premium, if any, and interest, expressed as a dollar amount per $25 Certificate, is as set forth below:
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Principal
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Interest
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Additional Distribution
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Total Distribution
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$
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0.000000
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$
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1.015625
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$
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0.004831
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$
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1.020456
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2.
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The amount of aggregate interest due and not paid as of the Distribution Date is $0.000000.
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3.
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No fees have been paid to the Trustee or any other party from the proceeds of the Term Assets.
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4.
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$29,686,000 aggregate principal amount
Sprint Capital Corporation 6.875% Notes due November 15, 2028
(the “Term Assets”) are held for the above trust.
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5.
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At the close of business on the Distribution Date, 1,000,000
Certificates representing
$25,000,000 Aggregate Principal Amount were outstanding.
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6.
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The current rating of the Term Assets is not provided in this report. Ratings can be obtained from Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s Investors Service, Inc. by calling 212-553-0377.
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U.S. Bank Trust National Association, as Trustee
*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor is any representation made as to its correctness. It is included solely for the convenience of the Holders.