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Synthetic Fixed-Income Securities, Inc. STRATS Trust for Procter&Gamble Securities, Series 2006-1

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STRATS Trust for Procter & Gamble Securities is a structured trust certificate providing exposure to Procter & Gamble common stock through a trust arrangement. These structured products combine elements of equity ownership with specific risk and return profiles designed to meet particular investment objectives. The trust holds shares of Procter & Gamble and issues certificates representing beneficial interests in those shares. STRATS structures may offer different income distributions, tax characteristics, or risk profiles compared to direct ownership of the underlying stock.