From the form 8-K filed with the SEC on 5/13/2014 -- On May 13, 2014 The Bank of New York Mellon, as Trustee for the PPLUS Trust Series GSC-3 Trust, issued two press releases regarding the receipt of a notice of intended exercise on June 12, 2014, of the outstanding Warrants representing the right to acquire (a) 4,000,000 of the Class A Trust Certificates at an exercise price equal to $25 for each security being exercised plus accrued and unpaid interest up to, but excluding the Exercise Date and (b) 4,000,000 of the Class B Trust Certificates at an exercise price equal to the sum of the present values, discounted at a rate of 6% per annum, of the unpaid distributions due, or to become due, in respect of the distributions to be made to the Class B Certificateholders by the Trust on or after the Exercise Date.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PPLUS Class A, 6.00% Trust Certificates, PPLUS Trust Series GSC-3, stated amount $25 per certificate. The underlying securities are the 6.345% Capital Securities due 2/15/2034, issued by The Goldman Sachs Capital I and guaranteed by Goldman Sachs Group Inc. (NYSE: GS). The certificates are redeemable on or after 8/15/2009 under the call warrants at $25 plus accrued and unpaid interest. Distributions of 6.00% ($1.50) 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. The company has the right, at any time, to defer dividend payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). Ratings of the certificates at the IPO are A- by S&P and A1 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.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.00% $1.5	$25.00 $25.00	Called for 6/12/2014 2/15/2034	Baa3 BB+ 4/15/2014	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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