Unit Trusts


Nuveen 2016 Equity Outlook Portfolio, 2016

Portfolio Holdings

McKesson CorporationMCKHealth Care4.07 %
Lowe's Companies, Inc.LOWConsumer Discretionary4.06 %
Delphi Automotive PLCDLPHConsumer Discretionary4.03 %
Discover Financial ServicesDFSFinancials4.02 %
Exelon CorporationEXCUtilities4.02 %
General Motors CompanyGMConsumer Discretionary4.02 %
Ford Motor CompanyFConsumer Discretionary4.02 %
American Express CompanyAXPFinancials4.01 %
The Travelers Companies, Inc.TRVFinancials4.00 %
HP Inc.HPQInformation Technology4.00 %
Target CorporationTGTConsumer Discretionary4.00 %
Mastercard IncorporatedMAInformation Technology4.00 %
EBAY INCEBAYInformation Technology4.00 %
Cisco Systems, Inc.CSCOInformation Technology4.00 %
AmerisourceBergen CorporationABCHealth Care4.00 %
Delta Air Lines, Inc.DALIndustrials3.99 %
Amgen Inc.AMGNHealth Care3.99 %
The Home Depot, Inc.HDConsumer Discretionary3.99 %
Apple Inc.AAPLInformation Technology3.98 %
McDonald's CorporationMCDConsumer Discretionary3.97 %
Gilead Sciences, Inc. GILDHealth Care3.97 %
Southwest Airlines Co.LUVIndustrials3.97 %
The Boeing CompanyBAIndustrials3.97 %
United Continental Holdings Inc.UALIndustrials3.96 %
JPMorgan Chase & Co.JPMFinancials3.96 %

Data used for the Portfolio Holdings and Portfolio Allocation Characteristics is from Bloomberg Finance L.P. Portfolio holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell individual securities. Portfolio Holdings and Portfolio Allocation Characteristics are as of deposit day and are subject to change and may vary thereafter.

The style and capitalization characteristics are designed to help investors understand how they fit into an overall investment plan. Value, blend and growth are types of investment styles. Growth Investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing. A blend investment combines the two styles. Market capitalization is determined by the following criteria: Large Cap: Greater than $10 billion, Mid Cap: $2 billion-$10 billion, Small Cap: $250 million-$2 billion Micro Cap: Below $250 million.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

Risk Considerations
There is no assurance that a unit investment trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. This trust is unmanaged. You can lose money investing in this trust.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors and the amount of any dividend may vary over time. There can be no guarantee dividend payments from securities held in the trust, if any, will increase or that dividend yield on securities in the trust will be greater than the yield of any index mentioned herein.

A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors.
This trust is concentrated in the consumer discretionary sector. The success of consumer discretionary companies, which manufacture products and provide discretionary services directly to the consumer, is tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Success also depends heavily on disposable household income and consumer spending. Changes in demographics and consumer tastes can also affect the demand for, and success of, consumer discretionary products in the marketplace.

Investing in foreign securities involves certain risks not typically associated with investing solely in the United States. This may magnify volatility due to changes in foreign exchange rates, the political and economic uncertainties in foreign countries, U.S. or foreign tax treatment, and the potential lack of liquidity, government supervision and regulation.

Although this trust’s life is approximately 15 months, this strategy should be considered as part of a long-term investment strategy and investors should consider their ability to pursue investing in successive portfolios at the applicable sales charge, if available. There may be tax consequences associated with an investment from one series to the next unless units are purchased in an IRA or other qualified tax-deferred account. Investors should consult their tax advisor or attorney to determine tax consequences associated with an investment from one portfolio to the next.


Incapital Unit Trust, Series 114, is a unit investment trust that consists of the Nuveen 2016 Equity Outlook Portfolio. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

Nuveen Asset Management, LLC provides the trusts with portfolio consulting services. Nuveen Asset Management, LLC is a registered investment adviser and subsidiary of Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC. Nuveen Asset Management, LLC name and logo are registered marks of Nuveen, LLC.

Trust Summary

Trust NameNuveen 2016 Equity Outlook Portfolio, 2016
Series Name2016
Trust SymbolNEO2016
Nasdaq SymbolINNECX
Trust StatusTerminated
Initial Offer Date01/15/2016
Termination Date04/17/2017
First Income Record Date06/10/2016
Distibution FrequencySemi-annually
Tax StructureRIC
Liquidation Price1$11.5311
Cash CUSIP45331X102
Reinvest CUSIP45331X110
Fee Cash CUSIP45331X128
Fee Reinvest CUSIP45331X136

1. Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units. This price is equal to the net asset value per unit plus any remaining organization costs and creation & development fee. This price reflects any remaining non-contingent deferred sales charges payable in connection with a liquidation of units.

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