Description

PPLUS Trust Series GSC-2 GSC 2 CT FL RT operates as a financial trust. It issues PPLUS Class A Floating Rate Trust Certificates, which are backed by Capital Securities originally issued by Goldman Sachs Capital I, a subsidiary of Goldman Sachs Group Inc. The trust's primary function is to provide income to investors through quarterly distributions, initially at an annual rate of 3.00%, based on a floating interest rate linked to the three-Month USD LIBOR plus 0.85%, subject to a floor of 3.00% and a cap of 8.00%. The trust, established by Merrill Lynch Depositor Inc., targets investors seeking income from preferred securities within the financial services industry. While listed on the NYSE, some information suggests it may be potentially delisted or considered outdated, yet current pricing and dividend data are still available.