PPLUS Trust Series GSC-2 Distribution Report Aug 15
Ticker: PYT · Form: 8-K · Filed: Aug 18, 2025 · CIK: 1294808
| Field | Detail |
|---|---|
| Company | Pplus Trust Series Gsc-2 (PYT) |
| Form Type | 8-K |
| Filed Date | Aug 18, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-securities, distribution-report, asset-backed-securities
TL;DR
PPLUS Trust Series GSC-2 got $1.1M interest from Goldman Sachs & $486K from Merrill Lynch swap on Aug 15.
AI Summary
On August 15, 2025, PPLUS Trust Series GSC-2 reported its distribution for the period. The Trust received $1,110,375.00 in interest and $0.00 in principal from the Underlying Securities issued by Goldman Sachs Capital I. Additionally, the Trust received $486,393.52 in interest from its Swap Agreement with Merrill Lynch International.
Why It Matters
This report provides transparency on the cash flows and interest payments related to the PPLUS Trust Series GSC-2's capital securities and swap agreement.
Risk Assessment
Risk Level: low — This filing is a routine distribution report and does not indicate any unusual financial events or risks.
Key Numbers
- $1,110,375.00 — Interest from Underlying Securities (Amount received by the Trustee as of the last statement.)
- $486,393.52 — Interest from Swap Agreement (Amount received by the Trustee from Merrill Lynch International.)
- $0.00 — Principal from Underlying Securities (No principal received as of the last statement.)
- $0.00 — Principal from Swap Agreement (No principal received as of the last statement.)
Key Players & Entities
- PPLUS Trust Series GSC-2 (company) — Issuer of the securities
- August 15, 2025 (date) — Distribution date
- $1,110,375.00 (dollar_amount) — Interest received from Underlying Securities
- Goldman Sachs Capital I (company) — Issuer of Underlying Securities
- $486,393.52 (dollar_amount) — Interest received from Swap Agreement
- Merrill Lynch International (company) — Counterparty to Swap Agreement
FAQ
What is the CUSIP number for the PPLUS Trust Series GSC-2 capital securities?
The CUSIP number is 73941X684.
What was the total interest received from the Underlying Securities issued by Goldman Sachs Capital I?
The total interest received was $1,110,375.00.
What was the total interest received from the Swap Agreement with Merrill Lynch International?
The total interest received was $486,393.52.
Were any principal payments received on the Underlying Securities or from the Swap Agreement?
No, the amounts received in respect of principal were $0.00 for both the Underlying Securities and the Swap Agreement.
What is the maturity date of the Underlying Securities?
The Underlying Securities are due 2034.
Filing Stats: 389 words · 2 min read · ~1 pages · Grade level 11.3 · Accepted 2025-08-15 17:59:42
Key Financial Figures
- $25 — business on such Distribution Date. ($25 Stated Amount) Principal Balance: $
Filing Documents
- ex99-1.htm (8-K) — 22KB
- pyt-8k_081525.htm (EX-99.1) — 30KB
- 0001999371-25-011483.txt ( ) — 54KB
From the Filing
REPORT Merrill Lynch Depositor Inc. 8-K EXHIBIT 99.1 DISTRIBUTION REPORT FOR PPLUS TRUST SERIES GSC-2 DISTRIBUTION DATE August 15 th , 2025 CUSIP NUMBER 73941X684 (i) the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the 6.345% Capital Securities due 2034 issued by Goldman Sachs Capital I (the "Underlying Securities"): Interest: $ 1,110,375.00 Principal: $ 0.00 Premium: $ 0.00 (ii) the amounts received by the Trustee as of the last such statement in respect of Interest Rate Swap entered into between PPLUS Trust Series GSC-2 and Merrill Lynch International (the "Swap Agreement"): Interest: $ 486,393.52 Principal $ 0.00 (iii) the amounts of compensation received by the Trustee, for the period relating to such Distribution Date: Paid by the Trust: $ 0.00 Paid by the Depositor: $ 0.00 (iv) the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates of each such Class and the amount of aggregate unpaid interest accrued as of such Distribution Date: Interest: $ 486,393.52 * Principal: $ 0.00 Unpaid Interest Accrued: $ 0.00 (v) the amount of distribution on such Distribution Date to Merrill Lynch International in respect of the Interest Rate Swap entered into between PPLUS Trust Series GSC-2 and Merrill Lynch International (the "Swap Agreement: Interest: $ 623,981.48 Principal: $ 0.00 This is a net amount, reflecting netting of amounts receivable by the Trust and Merrill Lynch International under the Swap Agreement. (vi) the aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date, and the current rating assigned to the Certificates. Principal Amount: $ 35,000,000 Interest Rate: 6.345% Rating: Moody's Investor Service N/A Standard & Poor's Rating Service BB+ (vii) the aggregate notional amount of the Swap Agreement related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date. Notional Amount: $ 35,000,000 Interest Rate: 3.00% (viii) the aggregate Certificate Principal Balance (or Notional Amount, if applicable) of each Class of such Series at the close of business on such Distribution Date. ($25 Stated Amount) Principal Balance: $ 35,000,000 Reduction: (0) Principal Balance 8/15/25 $ 35,000,000