UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____



FORM 10-K
FOR ANNUAL AND TRANSITION REPORTS
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



(Mark One)



x	ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31, 2014



or



o	TRANSITION REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from ________
to ________



| | Commission File Number of issuing entity: 001-35579                    | 
| | ---------------------------------------------------------------------- | 
| | Fixed Income Trust for Prudential Financial,
Inc. Notes, Series 2012-1 | 
| | (Exact name of issuing entity as specified in its charter)             | 
| |                                                                        | 
| | Commission File Number of depositor and
sponsor: 001-35323             | 
| | Fixed Income Client Solutions LLC                                      | 
| | (Exact name of depositor and sponsor as specified in its charter)      | 





|Delaware                                                                                                    | 27-4404514                          
|----------------------------------------------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation
or organization)                                              | (I.R.S. Employer Identification No.)
|                                                                                                            |                                     
|Fixed Income Client Solutions LLC
        214 N. Tryon Street, Suite 2636
        Charlotte, North Carolina | 28202                               
|(Address of principal executive offices)                                                                    | (Zip Code)                          



Registrants telephone number, including area code: (877)
421-7858



Securities registered pursuant to Section 12(b)
of the Act:



|Title of Each Class                        | Name of
Each Exchange on Which Registered
|------------------------------------------ | -----------------------------------------
|Class A-2037 Callable Step Up Certificates | New York Stock
Exchange LLC              



Securities registered pursuant to Section 12(g)
of the Act:



None.



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.
Yes o No x



Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes o No x



Indicate by check mark whether the registrant: (1) Has
filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act 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 x No o



Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files).
Yes x No o



Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants knowledge,
in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
Not applicable.



Indicate by check mark whether the registrant is large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of
large accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act. Large accelerated filer o Accelerated filer o
Non- accelerated filer x Smaller reporting company o



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act).
Yes o No x



State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average
bid and asked price of such common equity, as of the last business day of the registrants most recently completed second
fiscal quarter:



The registrant has no voting stock or class of common stock
that is held by non-affiliates.











DOCUMENTS INCORPORATED BY REFERENCE



None.



Introductory Note



Fixed Income Client Solutions LLC (the Depositor)
is the Depositor in respect of the Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1 (the Trust),
a Delaware statutory trust formed pursuant to the Trust Agreement, dated as of June 11, 2012, between the Depositor and The Bank
of New York Mellon, as Trustee (the Trustee), as supplemented by the Trust Agreement Supplement, Series 2012-1 (the
Series Supplement), dated as of June 11, 2012, in respect of the Trust. The Trusts assets consist solely of
notes issued by Prudential Financial, Inc. The Certificates do not represent obligations of or interests in the Depositor or the
Trustee.



Pursuant to staff administrative positions established in Corporate
Asset Backed Corporation (available August 9, 1995), the Trust is not required to respond to various items of Form 10-K. Such items
are designated herein as Not Applicable. Distribution reports detailing receipts and distributions by the Trust are
filed after each distribution date on Form 10-D in lieu of reports on Form 10-Q.



Prudential Financial, Inc., the issuer of the underlying securities,
is subject to the information reporting requirements of the Securities Exchange Act of 1934 (the Exchange Act). For
information on Prudential Financial, Inc., please see its periodic and current reports filed with the Securities and Exchange Commission
(the Commission) under its Exchange Act file number, 333-132469. The Commission maintains a site on the World Wide
Web at http://www.sec.gov at which users can view and download copies of reports, proxy and information statements
and 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 Prudential Financial, Inc.
may be accessed on this site. You can request copies of these documents, upon payment of a duplicating fee, by writing to the SEC.
Neither Fixed Income Client Solutions LLC nor the Trustee has participated in the preparation of such reporting documents, or made
any due diligence investigation with respect to the information provided therein. Neither Fixed Income Client Solutions LLC nor
the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting
the issuer of the underlying securities or the underlying securities themselves have not occurred or have not yet been publicly
disclosed which would affect the accuracy or completeness of the publicly available documents described above.











PART I



The following Items have been omitted in accordance with
General Instruction J to Form 10-K:



Item 1. Business.



Item 1A. Risk Factors.



Item 2. Properties.



Item 3. Legal Proceedings.



Item 1B. Unresolved Staff Comments.



Not Applicable.



Item 4. Mine Safety Disclosures.



Not Applicable.



PART II



The following Items have been omitted in accordance with
General Instruction J to Form 10-K:



Item 5. Market for Registrants Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities.



Item 6. Selected Financial Data.



Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations.



Item 7A. Quantitative and Qualitative Disclosures About Market
Risk.



Item 8. Financial Statements and Supplementary Data.



Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure.



Item 9A. Controls and Procedures.



Item 9B. Other Information.



None.



PART III



The following Items have been omitted in accordance with
General Instruction J to Form 10-K:



Item 10. Directors, Executive Officers and Corporate Governance.



Item 11. Executive Compensation.



Item 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters.



Item 13. Certain Relationships and Related Transactions, and
Director Independence.



Item 14. Principal Accounting Fees and Services.











SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE
WITH GENERAL INSTRUCTION J(2) TO FORM 10-K.



|Item 1112(b) of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Significant Obligors of Pool Assets (Financial Information).                                                                                                                     
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|The primary asset of the issuing entity is the underlying securities,
        $25,250,000 of 6.625% Medium-Term Notes, Series D due December 1, 2037 issued by Prudential Financial, Inc. The issuer of the underlying
        securities, therefore, may be considered a significant obligor. The issuer of the underlying securities is subject to the information
        reporting requirements of the Securities Exchange Act of 1934 (the Exchange Act). For information on the issuer of
        the underlying securities please see its periodic and current reports filed with the Securities and Exchange Commission (the Commission)
        under its Exchange Act file number, 333-132469.                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Item 1114(b)(2) of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Credit Enhancement and Other Support, Except for
Certain Derivatives
        Instruments (Information Regarding Significant Enhancement
        Providers Financial Information).
|Based on the standards set forth in Item 1114(b)(2) of
        Regulation AB, no information is required in response to this Item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Item 1115(b) of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Certain Derivatives Instruments (Financial Information).                                                                                                                         
|Based on the standards set forth in Item 1115(b) of Regulation
        AB, no information is required in response to this Item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Item 1117 of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Legal Proceedings.                                                                                                                                                               
|There are no legal proceedings pending, or any proceedings known
        to be contemplated, by governmental authorities against the depositor, the Trustee or the issuing entity, or any property thereof,
        that is material to the holders of the Certificates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Item 1119 of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Affiliations and Certain Relationships and Related Transactions.                                                                                                                 
|Based on the standards set forth in Item 1119 of Regulation
        AB, no information is required in response to this Item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Item 1122 of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Compliance with Applicable Servicing Criteria                                                                                                                                    
|The Bank of New York Mellon has been identified by the registrant
        as a party participating in the servicing function with respect to the pool assets held by Fixed Income Trust for Prudential Financial,
        Inc. Notes, Series 2012-1. The Bank of New York Mellon has completed a report on an assessment of compliance with the servicing
        criteria applicable (the Report on Assessment) as of February 27, 2015 and for a period beginning January 1, 2014
        through and including December 31, 2014, which Report on Assessment is attached as an exhibit to this Form 10-K. In addition, the
        Bank of New York Mellon has provided an attestation report (the Attestation Report) by a registered independent public
        accounting firm regarding its related Report on Assessment. The Attestation Report is attached as an exhibit to this Form 10-K.
        Neither the Report on Assessment or the related Attestation Report has identified any material instances of noncompliance with
        the servicing criteria described in the Report on Assessment as being applicable to The Bank of New York Mellon.
|Item 1123 of Regulation AB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Servicer Compliance Statement.                                                                                                                                                   
|The Bank of New York Mellon has provided a statement
of compliance (the Compliance Statement) for the period from and including January 1, 2014 through and including
December 31, 2014, which has been signed by an authorized officer of The Bank of New York Mellon. The Compliance Statement of
The Bank of New York Mellon is attached as an exhibit to this Form 10-K.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          











PART IV



Item 15. Exhibits, Financial Statement Schedules.



|(a) | The following documents have been filed as part of this report.
|--- | ---------------------------------------------------------------



| | 1. | None.
| | -- | -----



| | 2. | None.
| | -- | -----



| | 3. | Exhibits:
| | -- | ---------



| |  | 31.1 – Certification by Senior Officer in Charge of Securitization of the Depositor pursuant to 15 U.S.C. Section 7241,
as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
| |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | 33.1 – Report on Assessment of Compliance with Servicing Criteria for The Bank of New York Mellon for the period from
and including January 1, 2014 through and including December 31, 2014.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | 34.1 – Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to The Bank of New
York Mellon.
| |  | ----------------------------------------------------------------------------------------------------------------------------------



| |  | 35.1 – Servicer Compliance Statement of The Bank of New York Mellon for the period from and including January 1, 2014 through
and including December 31, 2014.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------



|(b) | See Item 15(a) above.
|--- | ---------------------



|(c) | Not Applicable.
|--- | ---------------











SIGNATURE



Pursuant to the requirements of Section
13 or 15(d) the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.



Fixed Income Client Solutions LLC,
as Depositor for Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1



By: /s/ James Whang
Name: James Whang
Title: Treasurer



(senior officer in charge of securitization of the
depositor)



Dated: March 13, 2015











EXHIBIT INDEX



|Exhibit Number in this Form 10-K | Description of Exhibits                                                                                                                                                               
|-------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1                             | Certification by Senior Officer in Charge of Securitization of the Depositor pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|33.1                             | Report on Assessment of Compliance with Servicing Criteria for The Bank of New York Mellon for the period from and including January 1, 2014 through and including December 31, 2014. 
|34.1                             | Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria relating to The Bank of New York Mellon.                                                           
|35.1                             | Servicer Compliance Statement of The Bank of New York Mellon for the period from and including January 1, 2014 through and including December 31, 2014.