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ML Depositor PPLUS Trust Floating Rate Goldman Sachs Cap I Certificates GSC-2
Ticker Symbol: PYT     CUSIP: 73941X684     Exchange: NYSE
Security Type:   Third Party Trust Preferred

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PPLUS Class A, Floating Rate Trust Certificates, PPLUS Trust Series GSC-2, stated amount $25 per certificate, underlying securities are the 6.345% Capital Securities due 2/15/2034, issued by Goldman Sachs Capital I, a subsidiary of Goldman Sachs Group Inc. (NYSE: GS), redeemable on or after 8/15/2009 under the call warrants at $25 plus accrued and unpaid interest. The certificates pay an initial interest rate of 3.00% ($0.75) per annum distributions quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The floating interest rate will be equal to the three-Month USD LIBOR plus 0.85% and will be equal to or greater than 3.00% but not greater than 8.00%. 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 are not rated 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
FixFloat
n.a.
$25.00
$25.00
8/15/2009
2/15/2034
Baa3 BB+
5/21/2023
2/15, 5/15, 8/15 & 11/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (GS)

IPO - 7/16/2004 - 1.40 Million Certificates @ $25.00 /cert.    Link to IPO Prospectus
Market Value $35.0 Million

Company's Online Information Links
HOME PAGE:     http://www.ml.com/

(This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC 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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