<SEC-DOCUMENT>0001387131-23-006501.txt : 20230515
<SEC-HEADER>0001387131-23-006501.hdr.sgml : 20230515
<ACCEPTANCE-DATETIME>20230515091543
ACCESSION NUMBER:		0001387131-23-006501
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230515
<DEPOSITOR-CIK>0001040240
<SPONSOR-CIK>0001040240
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230515
DATE AS OF CHANGE:		20230515
ABS ASSET CLASS:             	Debt Securities

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PPLUS Trust Series GSC-2
		CENTRAL INDEX KEY:			0001294808
		STANDARD INDUSTRIAL CLASSIFICATION:	ASSET-BACKED SECURITIES [6189]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32247
		FILM NUMBER:		23918943

	BUSINESS ADDRESS:	
		STREET 1:		WORLD FINANCIAL CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
		BUSINESS PHONE:		2124491000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pplus-8k_051523.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">SECURITIES AND EXCHANGE
COMMISSION</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">WASHINGTON, D. C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">__________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">FORM 8-K</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">CURRENT REPORT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Pursuant to Section
13 or 15(d) of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">The Securities Exchange
Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">_________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
of Report (Date of earliest event reported): May 15, 2023</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>MERRILL
LYNCH DEPOSITOR, INC.</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(on
behalf of PPLUS TRUST SERIES GSC-2)</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
name of registrant as specified in its charter)</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<table cellspacing="0" cellpadding="0" align="center" style="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Delaware</b></font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 34%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>001-32247</b></font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13-3891329</b></font></TD>
    </TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
    or other&nbsp;&nbsp;</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.
    R. S. Employer</font></TD>
    </TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">jurisdiction&nbsp;&nbsp;of</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">File
    Number)</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identification
    No.)</font></TD>
    </TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">incorporation)</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></TD>
    </TR>
  </TABLE>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<table cellspacing="0" cellpadding="0" align="center" style="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>One
    Bryant Park, 4<sup>th</sup> FL</b></font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10036</b></font></TD></TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>New
    York, NY</b></font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip
    Code)</font></TD></TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
    of principal</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></TD></TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">executive
    offices)</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></TD></TR>
  </TABLE>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>





<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">________________________</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registrant&#8217;s
telephone number, including area code: (646) 855-6745</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>INFORMATION
TO BE INCLUDED IN REPORT</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0.5in 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
the appropriate box below if the Form 8K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2.):</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></P>






<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
registered pursuant to Section 12(b) of the Act:</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 31%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title
    of each class</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 31%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trading</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Symbol(s)</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 38%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    of each exchange on which registered</font></P>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P></TD></TR>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010101">PPLUS
    Trust Series GSC-2</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010101">PYT</font></TD>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #010101">NYSE</font></TD></TR>
  </TABLE>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Registrant&#8217;s Business and Operations</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Financial Information</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Securities and Trading Markets</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Matters Related to Accountants and Financial Statements</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Corporate Governance and Management</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Asset-Backed Securities</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Regulation FD</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.85in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;Other Events</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item
8.01 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other events</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Distribution to holders of the PPLUS Trust Certificates Series GSC-2 on May 15, 2023.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
information with respect to the underlying securities held by PPLUS Trust Series GSC-2, please refer to The Goldman Sachs Group, Inc.&#8217;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 &#8220;SEC&#8221;). You can read
and copy these reports and other information at the public reference facilities maintained by the SEC at Room&nbsp;1580, 100 F Street,
NE, Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SEC&#8217;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&#8217;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.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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&#8217;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.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Section
9.&#9;Financial Statements and Exhibits</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item
9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
statements of business acquired.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.35in; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro
forma financial information.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.35in; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">None.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Shell company transaction.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.35in; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
applicable.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -0.5in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exhibits.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 108pt"></TD><td style="font: 10pt Times New Roman, Times, Serif; width: 19.5pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</font></TD><td style="font: 10pt Times New Roman, Times, Serif; padding-left: 6pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee&#8217;s
                                            report in respect of the May 15, 2023 distribution to holders of the PPLUS Trust Certificates
                                            Series GSC-2.</font></TD></TR></TABLE>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>









<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>SIGNATURES</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">MERRILL LYNCH DEPOSITOR, INC.</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: May 15, 2023</font></td>
  <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif; width: 60%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif; width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid; width: 20%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
  Matthew Nelson</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 15%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Matthew Nelson</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
  <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</font></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0 0 58%; text-indent: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 50%; text-indent: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin: -11pt 0 0 58%; text-indent: 0"></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>EXHIBIT
INDEX</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></P>

<p style="font: 10pt Times New Roman, Times, Serif; text-indent: 0; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>&nbsp;</b></font></P>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0%"></TD><td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="ex99-1.htm">99.1</a></font></TD><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trustee&#8217;s
                                            report in respect of the May 15, 2023 distribution to holders of the PPLUS Trust Certificates
                                            Series GSC-2.</font></TD>
</TR></TABLE>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></P>


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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>TRUSTEE'S REPORT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><A HREF="pplus-8k_051523.htm">PPLUS TRUST SERIES GSC-2 8-K</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>EXHIBIT 99.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>DISTRIBUTION REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>FOR</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">PPLUS TRUST SERIES
GSC-2</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">DISTRIBUTION DATE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>May 15, 2023</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>CUSIP NUMBER 73941X684</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD><TD><FONT STYLE="font-size: 10pt">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 &#8220;Underlying Securities&#8221;):</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Interest:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">$<B>0.00</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Principal:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">$<B>0.00</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Premium:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">$<B>0.00</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"><FONT STYLE="font-size: 10pt">(ii)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">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 &#8220;Swap Agreement&#8221;):</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Interest:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>$494,382.52</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Principal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">$<B>0.00</B></FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 2in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"><FONT STYLE="font-size: 10pt">(iii)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">the amounts of compensation received
                                            by the Trustee, for the period relating to such Distribution Date:</FONT></TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; font-size: 10pt">Paid by the Trust:</TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0; font-size: 10pt"><B>$0.00</B></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">Paid by the Depositor:</TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 10pt"><B>$0.00</B></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"><FONT STYLE="font-size: 10pt">(iv)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">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:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Interest:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>$494,382.52*</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Principal:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>$0.00</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Unpaid Interest Accrued:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>$0.00</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 2in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(v)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">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 &#8220;Swap Agreement:</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 2in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Interest:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>$0.00</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Principal:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>$0.00</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.25in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.25in; padding-left: 0"><FONT STYLE="font-size: 10pt">&bull;</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>This
                                            is a net amount, reflecting netting of amounts receivable by the Trust and Merrill Lynch
                                            International under the Swap Agreement.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>





<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"><FONT STYLE="font-size: 10pt">(vi)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">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.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Principal Amount:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>$35,000,000    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Interest Rate:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>6.345%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Rating:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  </TABLE>







<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 50%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Moody&rsquo;s
    Investor Service</FONT></TD>
    <TD STYLE="text-align: right; width: 4%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>N/A</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Standard
    &amp; Poor&rsquo;s Rating Service</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>BB+</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"></TD><TD STYLE="padding-right: 0; width: 0.5in; padding-left: 0"><FONT STYLE="font-size: 10pt">(vii)</FONT></TD><TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">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.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 35%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Notional
    Amount:</FONT></TD>
    <TD STYLE="text-align: right; width: 50%; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>$35,000,000
    </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt">Interest
    Rate:</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0; font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>3.00%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">(viii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">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.</FONT></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 40%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">($25 Stated
    Amount)</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 30%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Principal
    Balance:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>$35,000,000</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Reduction:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>(0)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Principal
    Balance 5/15/23</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B>$35,000,000</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>









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