UNITEDSTATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM10-D
ASSET-BACKEDISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d)OF
THE SECURITIES EXCHANGE ACT OF 1934
Forthe monthly distribution period from
April 15, 2022 to May 16, 2022
| Commission File Number of Issuing entity: | 001-32822 |
| Central Index Key Number of Issuing entity: | 0001353226 |
STRATS(SM)TRUST FOR PROCTER & GAMBLE SECURITIES, SERIES 2006-1
(Exactname of issuing entity as specified in its charter)
| Commission File Number of depositor: | 001-31818 |
| Central Index Key Number of depositor: | 0001140396 |
SyntheticFixed-Income Securities, Inc.
(Exactname of depositor and sponsor as specified in its charter)
BarbaraGarafalo, (212) 214-6289
(Nameand telephone number, including area code, of the person to contact in connection with this filing)
NewYork
(Stateor other jurisdiction of incorporation or organization of the issuing entity)
52-2316399
(I.R.S.Employer Identification No.)
301 S. College Street
Charlotte, NC | | 28288 |
| (Address of principal executive offices of issuing entity) | | (Zip Code) |
(212)214-6289
(Telephonenumber, including area code)
NoChange
(Formername, former address, if changed since last report)
| Registered/reporting pursuant to (check one) |
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | Name of exchange
(If Section 12(b)) |
| | | | | |
| STRATS Certificates, Series 2006-1 | ☒ | | | New York Stock Exchange |
Indicateby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YES ☒ NO ☐
PARTI - DISTRIBUTION INFORMATION
Item1. Distribution and Pool Performance Information.
On May 16, 2022, a distribution in respect of the May 16, 2022 scheduled distribution date was made to holders of the STRATS Certificates, Series 2006-1. Attached as Exhibit 99.1 is the Trustee’s Distribution Statement for the May 16, 2022 scheduled distribution date, prepared by The Bank of New York Mellon (formerly known as The Bank of New York), as trustee.
The record date for the Distribution Date was May 15, 2022 and the CollectionPeriod for the Distribution Date was the period from but excluding April 15, 2022 through and including May 16, 2022.
Item1A. Asset-Level Information.
None.
Item1B. Asset Representations Reviewer and Investor Communication.
None.
PARTII - OTHER INFORMATION
ITEM2 - LEGAL PROCEEDINGS.
None.
ITEM3 - SALES OF SECURITIES AND USE OF PROCEEDS.
None.
ITEM4 - DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM5 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None.
ITEM6 - SIGNIFICANT OBLIGORS OF POOL ASSETS.
The Procter & Gamble Company, the issuer of the underlying securities,is subject to the information reporting requirements of the Securities Exchange Act of 1934 (the “Exchange Act”). For informationon The Procter & Gamble Company please see its periodic and current reports filed with the Securities and Exchange Commission (the“Commission”) under its Commission number, 001-00434 and Central Index Key (CIK) number 0000080424. The Commission maintainsa site on the World Wide Web at http://www.sec.gov at which users can view and download copies of reports, proxy and information statementsand other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system, or “EDGAR.”Periodic and current reports and other information required to be filed pursuant to the Exchange Act by The Procter & Gamble Companycan be accessed on this site. Neither Synthetic Fixed-Income Securities, Inc. nor the Trustee has participated in the preparation of suchreporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Synthetic Fixed-IncomeSecurities, Inc. nor the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance thatevents affecting the issuer of the underlying securities or the underlying securities themselves have not occurred or have not yet beenpublicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.
ITEM7 - CHANGE IN SPONSOR INTEREST IN THE SECURITIES.
None.
ITEM8 - SIGNIFICANT ENHANCEMENT PROVIDER INFORMATION.
None.
ITEM9 - OTHER INFORMATION.
None.
ITEM10 - EXHIBITS.
(a)Documents filed as part of this report.
Exhibit99.1 Trustee’s Distribution Statement for the May 16, 2022 scheduled distribution date.
(b)Exhibits required by Form 10-D and Item 601 of Regulation S-K.
Exhibit99.1 Trustee’s Distribution Statement for the May 16, 2022 scheduled distribution date.
SIGNATURES
Pursuantto the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalfby the undersigned thereunto duly authorized.
| | | | |
| | STRATS(SM) TRUST FOR PROCTER &
GAMBLE SECURITIES, SERIES 2006-1 | |
| | (Issuing Entity) | |
| | | |
| | Synthetic Fixed-Income Securities, Inc.
(Depositor) | |
| Date: May 16, 2022 | | | |
| | By: | /s/ Barbara Garafalo | |
| | Name: | Barbara Garafalo | |
| | Title: | President | |
EXHIBITINDEX
