----

----

| For the fiscal year ended: |   | Commission File Number: |
|----------------------------|--------|-------------------------|
| December 31, 2011          |   | 001-32148               |

|                                                           | STRUCTURED PRODUCTS CORP.,                                     |                                 |
|----------------------------------------------------------------|----------------------------------------------------------------|--------------------------------------|
|                                                           | on behalf of                                                   |                                 |
|                                                           |                                                           |                                 |
|                                                           | CorTS Trust II For Goldman Sachs Capital I                |                                 |
|                                                           |                                                           |                                 |
|                                                           | (Exact name of registrant as specified in its charter)         |                                 |
|                                                           |                                                           |                                 |
| Delaware                                                       |                                                           | 13-3692801                           |
| (State or other jurisdiction of incorporation or organization) |                                                           | (I.R.S. Employer Identification No.) |
|                                                           |                                                           |                                 |
|                                                           | 390 Greenwich Street                                           |                                 |
|                                                           | New York, New York 10013                                       |                                 |
|                                                           | (Address of principal executive offices)  (zip code) |                                 |
|                                                           |                                                           |                                 |
| Registrant's telephone number including area code:             |                                                           |
|                                                           |                                                           |                                 |
|                                                           | 212-723-4070                                                   |                                 |
|                                                           |                                                           |                                 |
| Securities registered pursuant to Section 12(b) of the Act:    |                                                           |
|                                                           |                                                           |                                 |

| Title of Each Class                                                                                                                                                                                                                             |   | Name of Each Exchange on Which Registered |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|
|                                                                                                                                                                                                                                            |   |                                      |
| CorTS Trust II For Goldman Sachs Capital I, Corporate-                                                                                                                                                                                     |   | New York Stock Exchange                   |
| Backed Trust Securities (CorTS) Class A Certificates                                                                                                                                                                                            |   |                                      |
|                                                                                                                                                                                                                                            |   |                                      |
|                                                                                                                                                                                                                                            |   |                                      |
| 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 |  ̈ |   | No | ý |   |
|----------------------------------------------------------------------------------------------------------------------------------------|-----|--------|--------|----|--------|--------|
|                                                                                                                                   |
| 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 |  ̈ |   | No | ý |   |
|--------|-----|--------|--------|----|--------|--------|

----

| Indicate by check mark whether the Registrant has (1) 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 have filed such reports) and (2) has been subject to such filing requirements for the past 90 days. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Yes | ý1 |   | No |  ̈ |   |
|--------|-----|--------------|--------|----|--------|--------|

| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, 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   | ý |   | No |  ̈ |
|------------------------|--------|--------|----|--------|

|   [Rule 405 of Regulation S-T is not applicable.]                                                                                                                                                                                                                                                                                                                      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                        |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) 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. |
|                                                                                                                                                                                                                                                                                                                                                                        | ý |
|   [Item 405 of Regulation S-K is not applicable.]                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                        |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.                          |
|                                                                                                                                                                                                                                                                                                                                                                        |
| Large accelerated filer   ̈                                                                                                                                                                                                                                                                                                                                   |
| Accelerated filer   ̈                                                                                                                                                                                                                                                                                                                                         |
| Non-accelerated filer  ý  (Do not check if a smaller reporting company)                                                                                                                                                                                                                                                                            |
| Smaller reporting company   ̈                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                        |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).                                                                                                                                                                                                                                                                     |

|    Yes   |  ̈ |   | No | ý |
|------------------------------|--------|--------|----|--------|

----

  

----

|   | Underlying Securities Issuer(s) or Guarantor,orsuccessor thereto  | Exchange ActFile Number |   |
|--------|------------------------------------------------------------------------|-------------------------|--------|
|   | The Goldman Sachs Group, Inc.                                          | 001-14965               |   |

----

| Item 1.  | Business                  |
|----------|---------------------------|
|     |                      |
|     | None                      |
|     |                      |
| Item 1A. | Risk Factors              |
|     |                      |
|     | None                      |
|     |                      |
| Item 1B. | Unresolved Staff Comments |
|     |                      |
|     | None                      |
|     |                      |
|     |                      |
| Item 2.  | Properties                |
|     |                      |
|     | None                      |
|     |                      |
| Item 3.  | Legal Proceedings         |
|     |                      |
|     | None                      |
|     |                      |
| Item 4.  | Mine Safety Disclosures   |
|     |                      |
|     | None                      |

| Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities                                                                                               |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                                                                                                                             |
|     | The Certificates representing investors’ interest in the Trust are represented by one or more physical Certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. |
|     |                                                                                                                                                                                                             |
|     | The Certificates are listed on the New York Stock Exchange.                                                                                                                                                      |
|     |                                                                                                                                                                                                             |
| Item 6.  | Selected Financial Data                                                                                                                                                                                          |
|     |                                                                                                                                                                                                             |
|     | None                                                                                                                                                                                                             |
|     |                                                                                                                                                                                                             |
| Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                      |
|     |                                                                                                                                                                                                             |
|     | Not Applicable                                                                                                                                                                                                   |
|     |                                                                                                                                                                                                             |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                                                       |
|     |                                                                                                                                                                                                             |
|     | None                                                                                                                                                                                                             |
|     |                                                                                                                                                                                                             |
| Item 8.  | Financial Statements and Supplementary Data                                                                                                                                                                      |
|     |                                                                                                                                                                                                             |
|     | None                                                                                                                                                                                                             |
|     |                                                                                                                                                                                                             |
| Item 9.  | Changes In and Disagreements With Accountants on Accounting and Financial Disclosure                                                                                                                             |
|     |                                                                                                                                                                                                             |
|     | None                                                                                                                                                                                                             |

----

| Item 9A. | Controls and Procedures. |
|----------|--------------------------|
|     |                     |
|     | Not applicable.          |
|     |                     |
| Item 9B. | Other Information.       |
|     |                     |
|     | None.                    |

| Item 10. | Directors, Executive Officers and Corporate Governance                                         |
|----------|------------------------------------------------------------------------------------------------|
|     |                                                                                           |
|     | None.                                                                                          |
|     |                                                                                           |
| Item 11. | Executive Compensation                                                                         |
|     |                                                                                           |
|     | Not Applicable                                                                                 |
|     |                                                                                           |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
|     |                                                                                           |
|     | Information required by Item 201(d) of Regulation S-X:  Not applicable               |
|     | Information required by Item 403 of Regulation S-X:  None                            |
|     |                                                                                           |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence                      |
|     |                                                                                           |
|     | None                                                                                           |
|     |                                                                                           |
| Item 14. | Principal Accounting Fees and Services                                                         |
|     |                                                                                           |
|     | Not Applicable                                                                                 |

| Item 15. | Exhibits, Financial Schedules and Reports on Form 8-K |
|----------|-------------------------------------------------------|

| (a) | The following documents are also filed as part of this Report: |
|-----|----------------------------------------------------------------|

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

|   |   | 31.1   | Certification by Vice President and Finance Officer of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |                                                                                                                                                                                      |
|   |   | 99.1   | Annual Compliance Report by Trustee.                                                                                                                                                      |
|   |   |   |                                                                                                                                                                                      |
|   |   | 99.2   | Report of Aston Bell & Associates.                                                                                                                                                    |

| (b) | The following reports on Form 8-K were filed during the period covered by this report and are hereby incorporated by reference: |
|-----|---------------------------------------------------------------------------------------------------------------------------------|

|   | 1. | Trustee’s Distribution Statement for the February 15, 2011 Distribution Date filed on Form 8-K on February 18, 2011. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------|
|   | 2. | Trustee’s Distribution Statement for the August 15, 2011 Distribution Date filed on Form 8-K on August 17, 2011.     |

| (c) | See item 15(a)(3) above. |
|-----|--------------------------|

----

|   | Structured Products Corp., as Depositor |
|--------|-----------------------------------------|
|   |                                    |
|   |                                    |

| Dated:  March 20, 2012 | By: |         /s/ Stanley Louie          |
|----------------------------------|-----|---------------------------------------------------------------------------------------------------------------|

|   | Name:                                                                  |  Stanley Louie                   |
|--------|------------------------------------------------------------------------|---------------------------------------|
|   | Title:                                                                 |  Vice President, Finance Officer |
|   | (senior officer in charge of securitization function of the Depositor) |

----

| Exhibit |                                                                                                                                                                                       | Page   |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| 31.1    | Certification by Vice President and Finance Officer of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |   |
| 99.1    | Annual Compliance Report by Trustee pursuant to 15 U.S.C. Section 7241.                                                                                                               |   |
| 99.2    | Report of Aston Bell & Associates.                                                                                                                                                |   |