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Notice of CONDITIONAL FULL Redemption Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17 Trust 1,000,000 $25 Par ($25,000,000 Certificate Principal Amount) Class A-1 Certificates Due November 15, 2028 CUSIP No. 21988K404* (NYSE

(relating to 1,000,000 Class A-1 Call Warrants CUSIP No. 21988K172* and 1,820 Class A-2 Call Warrants CUSIP No. 21988K180*) (Underlying Securities Are $25,455,000 Principal Amount 6.875% Notes Due November 15, 2028 CUSIP No. 852060AD4* Issued by Sprint Ca

NEW YORK, NY -- (Marketwired) -- 06/12/14 -- 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, Sprint Capital Note-Backed Series 2003-17, dated as of October 29, 2003 (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17 Trust (the "Trust"), that certain Call Warrant Holders have exercised their rights to purchase all of the 1,000,000 outstanding ($25,000,000 principal amount) Class A-1 Certificates (the "Class A-1 Certificates") (NYSE: JZK) and $455,000 Principal Amount outstanding Class A-2 Certificates (the "Class A-2 Certificates") (together, the "Certificates") on June 17, 2014 (the "Call Date" and "Redemption Date") each at the related Call Price, and effect an Optional Exchange for the $25,455,000 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 THE REDEMPTION DATE.

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 and $455,000 Principal Amount Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.15555556 accrued interest to the Redemption Date per Class A-1 Certificate and $0.00 principal per $1,000 stated principal amount Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $25,155,555.56, consisting of $25,000,000.00 principal and $155,555.56 accrued interest on the Class A-1 Certificates and $0.00 principal on the Class A-2 Certificates (the "Redemption Amount"). The Class A-2 Certificates are principal-only Certificates and will not receive payment of interest. As set forth in the Trust Agreement, the Call Price for each related Call Date, in the case of the Class A-2 Certificates being purchased pursuant to the exercise of the Call Warrants, is $0. No further interest or principal will accrue on and 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

June 12, 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.

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

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