Here are the 10-K annual reports from Merrill Lynch Depositor PPLUS Floating Rate Call TR Cert. Ser GSC-2(Goldman Sachs) (PYT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PYT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PYT filings page.
Merrill Lynch Depositor, Inc., on behalf of PPLUS Trust Series GSC-2, files its annual report describing this structured trust and its risks. The trust’s main assets are underlying junior subordinated debentures of The Goldman Sachs Group, Inc., an associated guarantee, and an interest rate swap.
The filing emphasizes that payments on the PYT trust certificates depend on the creditworthiness and payment behavior of the underlying securities issuer and guarantor, potential early redemption or calls, and the performance and continuation of the swap agreement. Interest may be deferred for extended periods, distributions can change from floating to fixed, and an 8.00% interest cap can limit income and depress market value. The report also notes one Form 8-K distribution report was filed late due to EDGAR authorization issues and states procedures are in place to promote timely future filings.