EXHIBIT 99.1
DISTRIBUTION REPORT
FOR
PPLUS TRUST SERIES GSC-1
DISTRIBUTION DATE
FEBRUARY 15, 2011
CLASS A CUSIP NUMBER 73941X759
CLASS B CUSIP NUMBER 73941X742
| (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: |
$1,586,250.00 |
| Principal: |
0.00 |
| Premium: |
0.00 |
| (ii) |
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 |
| (iii) |
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: |
|
|
| Class A: |
|
| Interest: |
$1,562,500.00 |
| Principal: |
$0.00 |
| Unpaid Interest Accrued: |
$0.00 |
| |
| Class B: |
|
| Interest: |
$23,750.00 |
| Principal: |
$0.00 |
| Unpaid Interest Accrued: |
$0.00 |
| (iv) |
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: |
$50,000,000 |
|
| Interest Rate: |
6.345% |
|
| Rating: |
|
|
| Moody’s Investor
Service |
A3 |
| Standard & Poor’s
Rating Service |
BBB- |
| (v) |
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. |
|
|
| Class A: ($25 Stated Amount) |
| Principal Balance: |
$50,000,000 |
| Reduction: |
(0) |
| |
|
| Principal Balance 02/15/11 |
$50,000,000 |
| |
| Class B: ($25 Notional Principal Amount) |
| Initial Principal Balance: |
$50,000,000 |
| Reduction: |
(0) |
| |
|
| Principal Balance 02/15/11 |
$50,000,000 |
