STRUCTURED ASSET INVESTMENT LOAN TRUST, SENIOR/SUBORDINATE CERTIFICATESInvestment Management Trust Agreement |
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Search Investment Management Trust Agreement by:
LEHMAN BROTHERS
MORTGAGE BACKED SECURITIES
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$2,297,417,000
(Approximate) STRUCTURED ASSET
INVESTMENT LOAN TRUST, SERIES 2005-6 SENIOR/SUBORDINATE
CERTIFICATES Available Funds
Floaters No Hard Cap –
Act/360 – No Delay |
Investors are urged to read the final
Prospectus Supplement and the related Prospectus, which will be filed with the
Securities and Exchange Commission and may be accessed free of charge on the
SEC’s web site, www.sec.gov. A copy of the Prospectus Supplement
and Prospectus will be provided by Lehman Brothers Inc. upon request.
(The Prospectus Supplement and Prospectus are referred to collectively as
the "Offering Document"). The Offering Document contains
important information about the offered securities that is not contained in
these materials. Information contained herein does not purport to be
complete and is subject to the same qualifications and assumptions, and should
be considered by investors only in the light of the same warnings, lack of
assurances and representations and other precautionary matters, as disclosed in
the Offering Document. The analyses contained herein have been prepared
on the basis of certain assumptions (including, in certain cases, assumptions
specified by the recipient hereof) regarding payments, interest rates, losses
and other matters, including, but not limited to, the assumptions described in
the Offering Document. Lehman Brothers Inc., and any of its affiliates,
make no representation or warranty as to the actual rate or timing of payments
on any of the underlying assets or the payments or yield on the securities.
This information supersedes any prior versions hereof.
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To 10% Call |
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Est. |
Payment |
Initial |
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Legal |
Expected |
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Approximate |
Coupon/ |
WAL(2) |
Window(2) |
C/E (3) |
Initial |
Final |
Ratings |
|
Class |
Size ($)(1) |
Benchmark |
(yrs.) |
(mos.) |
(%) |
Margin |
Maturity |
(S&P/Moody’s/Fitch) |
|
A1(4) |
478,380,000 |
1 M LIBOR |
2.14 |
1-77 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
|
A2(4) |
53,153,000 |
1 M LIBOR |
2.14 |
1-77 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
|
A3(5) |
531,683,000 |
1 M LIBOR |
2.14 |
1-77 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
|
A4(6) |
99,022,000 |
1 M LIBOR |
0.88 |
1-23 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
|
A5(6) |
46,000,000 |
1 M LIBOR |
3.00 |
23-60 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A6(6) |
23,716,000 |
1 M LIBOR |
6.10 |
60-77 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A7(7) |
419,977,000 |
1 M LIBOR |
0.86 |
1-23 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A8(7) |
203,126,000 |
1 M LIBOR |
3.00 |
23-61 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A9(7) |
92,554,000 |
1 M LIBOR |
6.13 |
61-77 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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M1 |
69,269,000 |
1 M LIBOR |
4.57 |
42-77 |
12.65% |
TBD |
7/25/2035 |
AA+/Aa1/AA+ |
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M2 |
64,651,000 |
1 M LIBOR |
4.49 |
41-77 |
9.85% |
TBD |
7/25/2035 |
AA/Aa2/AA |
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M3 |
39,252,000 |
1 M LIBOR |
4.45 |
40-77 |
8.15% |
TBD |
7/25/2035 |
AA-/Aa3/AA- |
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M4 |
34,634,000 |
1 M LIBOR |
4.42 |
39-77 |
6.65% |
TBD |
7/25/2035 |
A+/A1/A+ |
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M5 |
34,634,000 |
1 M LIBOR |
4.40 |
38-77 |
5.15% |
TBD |
7/25/2035 |
A/A2/A |
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M6 |
26,553,000 |
1 M LIBOR |
4.38 |
38-77 |
4.00% |
TBD |
7/25/2035 |
A-/A3/A- |
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M7 |
34,635,000 |
1 M LIBOR |
4.37 |
37-77 |
2.50% |
TBD |
7/25/2035 |
BBB/Baa2/BBB |
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M8 |
23,090,000 |
1 M LIBOR |
4.19 |
37-76 |
1.50% |
TBD |
7/25/2035 |
BBB-/Baa3/BBB- |
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M9-A |
5,772,000 |
1 M LIBOR |
3.78 |
37-60 |
1.00% |
TBD |
7/25/2035 |
BBB-/NR/BBB- |
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M9-F |
5,772,000 |
[6.00]% |
3.78 |
37-60 |
1.00% |
N/A |
7/25/2035 |
BBB-/NR/BBB- |
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M10-A |
5,772,000 |
1 M LIBOR |
3.19 |
37-46 |
0.50% |
TBD |
7/25/2035 |
BBB-/NR/BB+ |
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M10-F |
5,772,000 |
[6.00]% |
3.19 |
37-46 |
0.50% |
N/A |
7/25/2035 |
BBB-/NR/BB+ |
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To Maturity |
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|
Est. |
Payment |
Initial |
|
Legal |
Expected |
|
|
Approximate |
Coupon/ |
WAL(2) |
Window(2) |
C/E (3) |
Initial |
Final |
Ratings |
|
Class |
Size ($)(1) |
Benchmark |
(yrs.) |
(mos.) |
(%) |
Margin |
Maturity |
(S&P/Moody’s/Fitch) |
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A1(4) |
478,380,000 |
1 M LIBOR |
2.34 |
1-170 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A2(4) |
53,153,000 |
1 M LIBOR |
2.34 |
1-170 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A3(5) |
531,683,000 |
1 M LIBOR |
2.33 |
1-169 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A4(6) |
99,022,000 |
1 M LIBOR |
0.88 |
1-23 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A5(6) |
46,000,000 |
1 M LIBOR |
3.00 |
23-60 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A6(6) |
23,716,000 |
1 M LIBOR |
7.69 |
60-172 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A7(7) |
419,977,000 |
1 M LIBOR |
0.86 |
1-23 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A8(7) |
203,126,000 |
1 M LIBOR |
3.00 |
23-61 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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A9(7) |
92,554,000 |
1 M LIBOR |
7.65 |
61-172 |
15.65% |
TBD |
7/25/2035 |
AAA/Aaa/AAA |
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M1 |
69,269,000 |
1 M LIBOR |
5.00 |
42-135 |
12.65% |
TBD |
7/25/2035 |
AA+/Aa1/AA+ |
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M2 |
64,651,000 |
1 M LIBOR |
4.90 |
41-129 |
9.85% |
TBD |
7/25/2035 |
AA/Aa2/AA |
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M3 |
39,252,000 |
1 M LIBOR |
4.83 |
40-121 |
8.15% |
TBD |
7/25/2035 |
AA-/Aa3/AA- |
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M4 |
34,634,000 |
1 M LIBOR |
4.77 |
39-115 |
6.65% |
TBD |
7/25/2035 |
A+/A1/A+ |
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M5 |
34,634,000 |
1 M LIBOR |
4.70 |
38-108 |
5.15% |
TBD |
7/25/2035 |
A/A2/A |
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M6 |
26,553,000 |
1 M LIBOR |
4.61 |
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