Notice of CONDITIONAL FULL Redemption Corporate Backed Trust Certificates, HSBC Debenture-Backed Series 2003-4 Trust 1,000,000 $25 Par ($25,000,000 Certificate Principal Amount) Class A-1 Certificates Due July 15, 2097 CUSIP No. 21988G296* (NYSE: JBJ) $25,000,000.00 Notional Amount Class A-2A Certificates Due July 15, 2048 CUSIP No. 21988GCG9* $25,000,000.00 Notional Amount Class A-2B Certificates Due July 15, 2097 CUSIP No. 21988GCH7*

(Relating to 1,000,000 Class A-1, 250 Class A-2A and 250 Class A-2B Call Warrants Without CUSIP); (Underlying Securities Are $25,000,000 Principal Amount 7.20% Subordinated Debentures Due July 15, 2097 CUSIP No. 760719BH6* Issued by HSBC USA Inc., as Successor to Republic New York Corporation)


NEW YORK, NY--(Marketwired - Oct 3, 2014) - NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, in respect to the Trust, dated as of February 19, 2003 (the "Series Supplement" and together with the Standard Terms, the "Trust Agreement") that certain Warrant Holder(s) have exercised their rights to purchase the 1,000,000 total outstanding Class A-1 Certificates (NYSE: JBJ) (the "Class A-1 Certificates"), $25,000,000.00 total Notional Amount outstanding Class A-2A Certificates (the "Class A-2A Certificates") and $25,000,000.00 total Notional Amount outstanding Class A-2B Certificates (the "Class A-2B Certificates") (together, the "Certificates") on October 8, 2014 (the "Call Date" and "Redemption Date") each at the related Call Price, and effect an Optional Exchange for the $25,000,000.00 principal amount Underlying Securities held by the Trust.

THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON OCTOBER 8, 2014.

If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,000,000 Class A-1 Certificates, $25,000,000.00 Notional Amount Class A-2A Certificates and $25,000,000.00 Notional Amount Class A-2B Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.36024306 accrued interest to the Redemption Date per Class A-1 Certificate, $122.51669400 interest per $1,000 stated Notional Amount Class A-2A Certificate, and $7.71608280 interest per $1,000 stated Notional Amount Class A-2B Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $28,616,062.48, consisting of $25,000,000.00 principal and $360,243.06 accrued interest on the Class A-1 Certificates, $3,062,917.35 interest on the $25,000,000.00 Notional Amount Class A-2A Certificates and $192,902.07 interest on the $25,000,000.00 Notional Amount Class A-2B Certificates (the "Redemption Amount") selected for redemption. The Class A-2A and Class A-2B Certificates are interest-only Certificates and will not receive payment of principal. No further interest or principal will accrue after the Redemption Date on the Certificates selected for redemption.

If the Trustee does not receive the Call Price, then (i) the Certificates selected for redemption will continue to accrue interest as if no exercise notice had been given and (ii) these and other Warrant Holders may elect to deliver a conditional notice of exercise in the future.

This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.

By U.S. Bank Trust National Association
as Trustee

October 3, 2014

*U.S. Bank shall not be held responsible for the selection or the use of the CUSIP number, nor is any representation made as to its correctness indicated in the Redemption Notice. It is included solely for the convenience of the Holders.

Contact Information:

U.S. Bank National Association
Corporate Trust Services
100 Wall Street, 16th floor
New York, NY 10005
(800) 934-6802