Structured Asset Trust Unit Repackagings (SATURNS) Series 2004-6 Trust Receipt of Notice of Intent t

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Structured Asset Trust Unit Repackagings (SATURNS) Series 2004-6 Trust Receipt of Notice of Intent to Exercise Warrants in Part

NEW YORK--(BUSINESS WIRE)-- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Capital I Capital Security Backed Series 2004-6 Trust (the "Trust") (New York Stock Exchange Ticker Symbol "HJL"), announced today that it has received Call Notices notifying the Trust of the intended exercise of 50% of the outstanding Warrants representing the right to acquire a combined Unit Principal Balance of 40,000,000 Class A Units and the equivalent Notional Amount of Class B Units for settlement on May 23, 2013 (the "Intended Settlement Date"). Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrants has not paid the required call price, the related Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. The exercising Warrantholders also hold Class B Units and have elected, as permitted under the Trust Agreement and the Warrants, that their Class B Units be called before any others. If settlement of the Warrants occurs pursuant to the Call Notices on the Intended Settlement Date, the trust agreement provides that Class A Unitholders will be randomly selected for redemption at the par value plus accrued interest of each Class A Unit and that, after the Class B Units held by the exercising Warrant holders, Class B Unitholders will be randomly selected for redemption at accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement.

CUSIP: 804111201 (A Units)
804111AA0 (B Units)
Symbol:HJL




U.S. Bank - Corporate Trust Services
Thais Hayum - Vice President
P: +1-312-332-7489
F: +1-312-332-7992
E: thais.hayum@usbank.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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