SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

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FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): February 1824, 2014

MERRILL LYNCH DEPOSITOR, INC.

(on behalf of PreferredPLUS TRUST SERIES QWS-1)

(Exact name of registrant as specified in its charter)

Delaware	001-16727	13-3891329
(State or other jurisdiction of incorporation)	(Commission File Number)	(I. R. S. Employer Identification No.)

One Bryant Park, 4th FL New York, New York (Address of principal executive offices)		10036 (Zip Code)

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Registrant’s telephone number, including area code: (646) 855-6745

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

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

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 Other Events

Item 8.01 Other Events

~~On February 18, 2014 The Bank of New York Mellon, as Trustee for the~~ PreferredPLUS Trust Series QWS-1 Trust (the “Trust”), ~~issued~~has aliquidated its ~~press~~assets ~~release~~and ~~regarding the termination of the Trust~~terminated. ~~The~~A ~~Trustee gave~~liquidation ~~notice~~distribution ~~that~~of itsecurities ~~had~~was ~~not~~made ~~received~~with arespect ~~notice~~to ~~of exercise from~~ the ~~holder~~Certificates of the ~~warrants~~Trust toon ~~purchase the outstanding PreferredPLUS~~February ~~Trust~~25, ~~Series~~2014. ~~QWS-1~~In ~~Trust~~accordance ~~securities~~with (the ~~“Securities”). Under the~~ terms of the Trust Agreement, ifHolders of the ~~Call~~Certificates ~~Holder chooses~~received ~~not~~their topro ~~exercise~~rata allocation of the ~~Call~~40,000,000 ~~Rights~~principal ~~within~~amount 10of ~~days~~Underlying ~~after~~Securities. ~~notice is given~~However, ~~distributions~~certain ~~will~~Underlying beSecurities ~~made~~that tocould ~~the~~not ~~holders~~be ~~of the~~distributed ~~Certificates~~to onDTC orparticipants ~~about~~due ~~February~~to ~~24,~~required ~~2014~~minimum asdenominations ~~described~~for intransfer ~~the~~were ~~press~~liquidated ~~release.~~on AFebruary ~~copy of the press release is attached as Exhibit 99~~24.~~1 hereto.~~

In relation to holdings of Certificates evenly divisible by 40, Holders of the Certificates received their pro rata allocation of the Underlying Securities. In relation to any portion of their holdings of Certificates not evenly divisible by 40, Holders of Certificates received an all cash distribution due to required minimum denominations for transfer of Underlying Securities. For Holders of Certificates for which the liquidation of the Underlying Securities occurred on February 24, due to minimum denominations for transfers to DTC participants, the amount of such cash distribution for lots of 39 or fewer Certificates is approximately $24.42 per Certificate.

For Holders of Certificates for which the liquidation of the Underlying Securities occurred after February 24, the amount of such cash distribution for lots of 39 or fewer Certificates varies based on the liquidation price obtained in relation to the Underlying Securities allocable to particular lots held by or through individual participants in DTC. Such liquidation prices could not be determined on February 24; they could be determined only after crediting of Underlying Securities to the relevant individual DTC participants. The liquidation price in respect of individual participants in DTC depends on time of sale, available prices, lot sizes and other market factors.

A copy of the distribution calculation summary is attached as Exhibit 99.1 hereto.

SIGNATURES

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.

Date: February 1825, 2014

MERRILL LYNCH DEPOSITOR, INC.

By: /s/ John Marciano

Name: John Marciano

Title: Vice President

EXHIBIT INDEX

Exhibit 99.1 ~~Press~~Distribution ~~Release,~~calculation ~~dated February 18, 2014~~summary.

Filing Compare · MERRILL LYNCH DEPOSITOR INC PREFERREDPLUS TRUST SER QWS- 1