MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1 Overview
Pro stress-test →INDEXPLUS Trust Series 2003-1 is a structured trust that holds a portfolio of underlying debt securities. The trust is backed by a diversified pool of corporate bonds and U.S. Treasury securities, with interest collected from issuers such as Boeing, Citigroup, Credit Suisse, Daimler Finance North America, Ford, Ally Financial, Goldman Sachs, Johnson & Johnson, Macy's, Time Warner, Valero, Verizon, CBS, Weyerhaeuser and the U.S. Treasury. Certificateholders are entitled to receive distributions until May 15, 2033.
Strategic Profile
Pro stress-test →Interest distributions are expected to be made at a pass-through rate of 6.0518% per annum on the Stated Amount of the Certificates. Cash flows on the trust certificates depend entirely on principal and interest payments from the underlying securities, with early redemption, removal events or defaults able to reduce principal and lower the pass-through rate.
Competitive Landscape
Pro stress-test →As a structured trust product, the entity competes within the fixed-income securities market against direct bond purchases, mutual funds, and other structured finance products from major financial institutions. The passive nature of the trust makes it a yield-generating vehicle rather than an active competitor.
Industry Context
MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1 operates in Fixed-income structured products.
Key facts
Founded: 2003 · Headquarters: New York, US · Employees: 0