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ML Depositor PPLUS Trust 6.00% Goldman Sachs Cap I Certificates GSC-4
Ticker Symbol: PYY* CUSIP: 73941X577 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/16/2014
Security has been Called for: Friday, May 16, 2014
April 16, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of March 17, 2006, between PPLUS Trust Certificates Series GSC-4 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 GSC-4. The date fixed for the exercise is May 16, 2014. On the Exercise Date, 1,080,000 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 March 17, 2006, 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. To receive payment of the Exercise Price for the Securities held by you, you must surrender your Securities to the Warrant Agent at the following address:
By Mail or Hand Delivery The Bank of New York Mellon 111 Sanders Creek Parkway East Syracuse, New York 13057 Attn: Debt Processing Group
The method of delivery of the Securities to the Warrant Agent is at your option and risk, but, if mail is used, registered mail is suggested. Payment of the Exercise Price will be remitted promptly following the Exercise Date and the receipt of the Securities by the Warrant Agent. Withholding of 28% of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "Act"), unless the Warrant Agent has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when presenting your securities. Certificateholders of the Securities who have questions or wish to discuss the exercise may contact The Bank of New York Mellon, 101 Barclay Street, New York, New York 10286, Bondholder Relations (800) 254-2826.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PPLUS Class A, 6.00% Trust Certificates, PPLUS Trust Series GSC-4, 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 2/15/2011 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.
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Go to Parent Company's Record (GS)
IPO - 3/14/2006 - 1.08 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $27.0 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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