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ML Depositor PPLUS Trust 5.75% Goldman Sachs Certificates GSG-2
Ticker Symbol: PYB* CUSIP: 73941X874 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/13/2015
Security has been Called for: Monday, April 13, 2015
March 13, 2015 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of July 30, 2003 between PPLUS Trust Certificates Series GSG-2 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(a)(i) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase the outstanding aggregate amount of the PPLUS Trust Certificates Series GSG-2. The date fixed for the exercise is April 13, 2015. On the Exercise Date, 2,920,000 of the Securities will become due and payable at an exercise price equal to $25.00 for each security being exercised plus accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated November 5, 2004 and together with the Series Supplement, dated July 30, 2003, (the "Trust Agreement") and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PPLUS Class A, 5.75% Trust Certificates, PPLUS Trust Series GSG-2, stated amount $25 per certificate, underlying securities are the 6.125% Notes due 2/15/2033, issued by The Goldman Sachs Group Inc. (NYSE: GS), redeemable on or after 8/15/2008 under the call warrants at $25 plus accrued and unpaid interest, distributions of 5.75% ($1.4375) per annum are paid semi-annually on 2/15 & 8/15 to holders of record on the business day immediately prior to the payment date. Ratings of the certificates at the IPO are A+ by S&P and Aa3 by Moody’s. See the IPO prospectus for further information on the PPLUS Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GS)
IPO - 7/29/2003 - 1.40 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $73.0 Million
Company's Online Information Links
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HOME PAGE:
http://www.ml.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: World Financial Center, North Tower, New York, NY 10281 |
Main Phone Number |
212-449-1000 |
Fax Number |
Not Available |
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