EXHIBIT 99.1
DISTRIBUTION REPORT
FOR
PPLUS TRUST SERIES GSC-2
DISTRIBUTION DATE
FEBRUARY 15, 2011
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 Capital Services, Inc. (the Swap Agreement):
|
|
|
Interest: |
$0.00 |
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: |
$1,000.00 |
(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: |
$268,333.33 |
Principal: |
|
$0.00 |
Unpaid Interest Accrued: |
$0.00 |
(v) |
the amount of distribution on such Distribution Date to Merrill
Lynch Capital Services, Inc. in respect of the Interest Rate Swap entered
into between PPLUS Trust Series GSC-2 and Merrill Lynch Capital Services,
Inc. (the Swap Agreement: |
|
|
Interest: |
$842,041.67 |
Principal: |
$0.00 |
(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: |
|
|
Moodys Investor
Service |
N/A |
Standard & Poors
Rating Service |
BBB- |
(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: |
3.000% |
(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 02/15/11 |
$35,000,000 |