~~UNITED~~ ~~STATES~~Merrill Lynch Depositor Inc. 8-K

~~SECURITIES~~EXHIBIT ~~AND EXCHANGE COMMISSION~~99.1

~~WASHINGTON,~~DISTRIBUTION ~~D. C. 20549~~REPORT

~~FORM 8-K~~FOR

~~CURRENT~~PPLUS ~~REPORT~~TRUST SERIES GSC-2

~~Pursuant~~DISTRIBUTION ~~to Section 13 or 15(d) of The Securities Exchange Act of 1934~~DATE

~~Date~~May ~~of Report (Date of earliest event reported): February 18th~~15th, 2025

~~MERRILL~~CUSIP ~~LYNCH~~NUMBER ~~DEPOSITOR, INC.~~73941X684

(oni) ~~behalf~~the amounts received by the Trustee as of ~~PPLUS~~the ~~TRUST~~last ~~SERIES~~such ~~GSC-2~~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”):

(Exact name of registrant as specified in its charter)

Interest:		$	0.00
Principal:		$	0.00
Premium:		$	0.00

Delaware		001-32247		13-3891329
(State or other jurisdiction of incorporation)		(Commission File Number)		(I. R. S. Employer Identification No.)

(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”):

One Bryant Park, 4th FL New York, NY	10036
Interest:		$	454,392.11
(Address of principal executive offices)	(Zip Code)
Principal		$	0.00

~~Registrant’s~~(iii) ~~telephone~~the ~~number~~amounts of compensation received by the Trustee, ~~including~~for ~~area code:~~the ~~(646)~~period ~~855-6745~~relating to such Distribution Date:

INFORMATION TO BE INCLUDED IN REPORT

Paid by the Trust:		$	0.00
Paid by the Depositor:		$	0.00

~~Check~~(iv) the ~~appropriate~~amount ~~box~~of ~~below~~distribution ifon ~~the~~such ~~Form~~Distribution 8KDate ~~filing~~to isHolders ~~intended~~ allocable to ~~simultaneously~~principal ~~satisfy~~of ~~the~~and ~~filing~~premium, ~~obligation~~if ofany, ~~the~~and ~~registrant~~interest ~~under~~on ~~any~~the Certificates of each such Class and the ~~following~~amount ~~provisions~~of ~~(see~~aggregate ~~General~~unpaid ~~Instruction~~interest ~~A.2.)~~accrued as of such Distribution Date:

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Interest:	$	454,392.11	*
Principal:	$	0.00
Unpaid Interest Accrued:	$	0.00

~~☐   Soliciting~~(v) ~~material pursuant~~the amount of distribution on such Distribution Date to ~~Rule~~Merrill ~~14a-12~~Lynch ~~under~~International in respect of the ~~Exchange~~Interest ~~Act~~Rate ~~(17~~Swap ~~CFR~~entered ~~240.14a~~into between PPLUS Trust Series GSC-~~12)~~2 and Merrill Lynch International (the “Swap Agreement:

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Interest:			$	0.00	*
Principal:			$	0.00

~~☐   Pre-commencement~~· ~~communications pursuant~~This tois ~~Rule~~a ~~13e-4(c)~~net ~~under~~amount, reflecting netting of amounts receivable by the ~~Exchange~~Trust ~~Act~~and ~~(17~~Merrill ~~CFR~~Lynch ~~240~~International under the Swap Agreement.~~13e-4(c))~~

~~Securities~~(vi) ~~registered~~the ~~pursuant~~aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to ~~Section~~such ~~12(b)~~Series, the current interest rate or rates thereon at the close of business on such Distribution Date, and the ~~Act:~~current rating assigned to the Certificates.

Title of each class		Trading Symbol(s)	Name of each exchange on which registered
Principal Amount:	$	35,000,000
PPLUS Trust Series GSC-2		PYT	NYSE
Interest Rate:		6.345%

Section 1.	Registrant’s Business and Operations
Not applicable.
Section 2.	Financial Information
Not applicable.
Section 3.	Securities and Trading Markets
Not applicable.
Section 4.	Matters Related to Accountants and Financial Statements
Not applicable.
Section 5.	Corporate Governance and Management
Not applicable.
Section 6.	Asset-Backed Securities
Not applicable.
Section 7.	Regulation FD
Not applicable.
Section 8.	Other Events
Item 8.01	Other events
99.1	Distribution to holders of the PPLUS Trust Certificates Series GSC-2 on February 18, 2025.
	For information with respect to the underlying securities held by PPLUS Trust Series GSC-2, please refer to The Goldman Sachs Group, Inc.’s (Commission file number 001-14965) periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the Securities and Exchange Commission (the “SEC”). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1580, 100 F Street, NE, Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SEC’s Public Reference Section of the SEC at 100 F Street, NE, Washington, D.C. 20549. You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC’s website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and other information that the underlying securities guarantor and the underlying securities issuer has filed electronically with the SEC. Although we have no reason to believe the information concerning the underlying securities and the junior subordinated debentures or the underlying securities issuer and the underlying securities guarantor contained in the underlying securities guarantor's Exchange Act reports is not reliable, neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuer and the underlying securities guarantor (including, without limitation, no investigation as to their financial condition or creditworthiness) or of the underlying securities and the junior subordinated debentures has been made. You should obtain and evaluate the same information concerning the underlying securities issuer and the underlying securities guarantor as you would obtain and evaluate if your investment were directly in the underlying securities or in other securities issued by the underlying securities issuer or the underlying securities guarantor. There can be no assurance that events affecting the underlying securities and the junior subordinated debentures or the underlying securities issuer and the underlying securities guarantor have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.

Rating:
Moody’s Investor Service			N/A
Standard & Poor’s Rating Service			BB+

Section 9.	Financial Statements and Exhibits
Item 9.01	Financial Statements and Exhibits
(a)	Financial statements of business acquired.
	Not applicable.
(b)	Pro forma financial information.
	Not applicable.
(c)	Shell company transactions.
	Not applicable.
(d)	Exhibits.
	99.1	Trustee’s report in respect of the February 18, 2025 distribution to holders of the PPLUS Trust Certificates Series GSC-2.

(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.

SIGNATURES

Notional Amount:		$	35,000,000
Interest Rate:			3.00	%

~~Pursuant~~(viii) to the ~~requirements~~aggregate ofCertificate ~~the~~Principal ~~Securities~~Balance ~~Exchange Act~~(or ofNotional ~~1934~~Amount, ~~the~~if ~~registrant~~applicable) ~~has~~of ~~duly~~each ~~caused~~Class ~~this~~of ~~report~~such toSeries beat ~~signed~~the onclose ~~its~~of ~~behalf~~business byon ~~the~~such ~~undersigned,~~Distribution ~~hereunto duly authorized~~Date.

	MERRILL LYNCH DEPOSITOR, INC.
($25 Stated Amount)
Date: February [ ], 2025	By:	/s/ Matthew Nelson
Principal Balance:		$	35,000,000
	Name:	Matthew Nelson
Reduction:			(0	)
	Title:	President
Principal Balance 5/15/25		$	35,000,000

EXHIBIT INDEX

99.1 Trustee’s report in respect of the February 18, 2025 distribution to holders of the PPLUS Trust Certificates Series GSC-2.

Filing Compare · PPLUS Trust Series GSC-2