ITEM 1. BUSINESS
Not Applicable
ITEM 1A.
ITEM 1A. RISK FACTORS
Not Applicable
ITEM 1B.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None
ITEM 2.
ITEM 2. PROPERTIES
Not Applicable
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
None
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
The Units issued by the SATURNS trusts listed below representing investors’ interest in such trust are represented by one or more physical certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. The Units are listed on the American Stock Exchange:
SATURNS CBT Series 2003-1 Units Trust
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
Not Applicable
ITEM 7.
ITEM 7.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Not Applicable
ITEM 7A.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not Applicable
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Not Applicable
ITEM 9.
ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None
ITEM 9A.
ITEM 9A. CONTROLS AND PROCEDURES
Not Applicable
ITEM 9B.
ITEM 9B. OTHER INFORMATION
None
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
None
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION
Not Applicable
ITEM 12.
ITEM 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
None
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
None
ITEM 14.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Not Applicable
PART IV
ITEM 15.
ITEM 15.
EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a) The following documents are filed as part of this Report: None
(b) Reports on Form 8-K:
See Table Below:
SATURNS Trust No.:
Closing Date
Payment Dates
Form 8-K Filing Dates (Not Trust
Agreement Filings in connection with
Closing Date) For FY 2012
CBT 2003-1
9/25/03
January 25, 2012, February 27, 2012, March 26, 2012, April 25, 2012, May 25, 2012, June 25, 2012, July 25, 2012, August 27, 2012, September 25, 2012, October 25, 2012, November 26, 2012, December 26, 2012
January 27, 2012, February 28, 2012, March 27, 2012, April 26, 2012, June 1, 2012, June 26, 2012, July 25, 2012, August 30, 2012, September 27, 2012, October 26, 2012, November 26, 2012, Decmber 27, 2012
SATURNS Trust No.:
Closing Date
Event Description
Form 8-K/A Filing Dates (Not Trust
Agreement Filings in connection with
Closing Date or filings related to
Payment Dates) For FY 2012
CBT 2003-1
9/25/03
A report on Form 8-K. Schedule A, Amended Schedule of Payment on Corporate Bond Tracers Units
June 8, 2012
(c) Exhibits:
Exhibit 23 Consent of Grassi & Co. (See Exhibit 99.1 - contained in final paragraph of accountants’ letter)
Exhibit 31.1
Rule 13a-14(d) Certification
Exhibit 31.2
Trustee Compliance Certification (U.S. Bank National Association)
Exhibit 99.1
Report of Grassi & Co.
(d) Not applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 27, 2013
MS STRUCTURED ASSET CORP.
(Registrant)
By: /s/ In-Young Chase
Name: In-Young Chase
Title: Vice President