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Emerging Markets GDP Growth Portfolio

Investment objective

The Emerging Markets GDP Growth Portfolio is a unit investment trust that seeks to provide capital appreciation, however, there is no assurance the objective will be met.


Principal investment strategy

The trust seeks to provide capital appreciation by investing in a portfolio of exchange-traded funds. The portfolio seeks to replicate the Goldman Sachs Emerging Markets GDP Growth Basket, which includes 18 ETFs (exchange traded funds) representing 16 emerging and developing countries.

Goldman Sachs uses the systematic and objective methodology described below to gain greater exposure to countries with higher projected GDP growth compared to a traditional market capitalization based approach. Incapital believes that the IMF’s estimates of GDP growth may provide insight into the potential performance of these markets.

The systematic approach involves the following five step process:
• Begin with the MSCI Emerging Market Index
• Exclude countries that the IMF considers advanced economies
• Exclude countries with less than US$250bn in forecast GDP
• Weight countries based upon forecast GDP from the IMF's World Economic Outlook Database
• Choose one or two ETFs for each country based on country weight in the basket

See the prospectus for a more detailed description of the trust’s security selection methodology.


Sales Charge Discounts

Breakpoint Purchase Minimum Purchase Maximum Sales Charge
Offer $0.00 $49,999.99 3.950%
BP 1 $50,000.00 $99,999.99 3.700%
BP 2 $100,000.00 $249,999.99 3.450%
BP 3 $250,000.00 $499,999.99 3.100%
BP 4 $500,000.00 $999,999.99 2.950%
BP 5 $1,000,000.00 2.450%
Swap/Roll 2.950%

The sales charge discounts are also applied on a unit basis using a breakpoint equivalent of $10 per unit and are applied on whichever basis is more favorable to the investor. These discounts are only available during the initial offering period. Please see the prospectus for details regarding sales charge discounts including all available discounts.


Sales Charges (based on $10.00)

Maximum Sales Charge 3.950%
Upfront Sales Charge 1.000%
Deferred Sales Charge 2.450%
Creation and Dev. Fee 0.500%

All percentages are based on a public offering price of $10 per unit. The deferred sales charge is a charge of $0.145 per unit and will be deducted in installments commencing the first month of the secondary period. The creation and development fee is a charge of $.05 per unit collected at the end of the initial offering period. If the price you pay exceeds $10 per unit, the creation and development fee and deferred sales charge will be less than the percentages above; if the price you pay is less than $10 per unit, the creation and development fee and deferred sales charge will exceed the percentages above.

The table and description above refers to the initial offering period sales charge. Please see the prospectus for sales charge details.

Rollover purchases will receive a 1.00% discount off the public offering price. The rollover option is subject to modification, termination, or suspension, without notice.

Investors in fee-based accounts will not be assessed the initial and deferred sales charge for eligible fee-based accounts and must purchase units in a Wrap-Fee CUSIP. Please see the prospectus for details.

In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.


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. This trust terminates approximately two years from the initial date of deposit.

The portfolio invests in shares of exchange-traded funds. Exchange-traded funds are subject to various risks, including management’s ability to meet the fund’s investment objective, and to manage the fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund’s net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

You will bear not only your share of the trust's expenses, but also those of the underlying exchange-traded funds. By investing in other exchange-traded funds, the trust incurs greater expenses than you would incur if you invested directly in the exchange-traded funds.

Certain ETFs in the portfolio invests in stocks of small capitalization companies. Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.
                                                                                                        
The ETFs in the portfolio invest in foreign securities. 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.  The foreign markets represented include Columbia, China, Peru, Brazil, Chile, Indonesia, Malaysia, Mexico, Philippines, Poland, South Africa, Thailand, Turkey, Egypt, Russia, and India.

The ETFs in the portfolio invest in emerging markets. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets, and may have less protection of property rights than more developed countries. The economies of countries with emerging markets may be based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. Local securities markets may also trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. It will also likely be more costly and difficult for the Sponsor to enforce the laws or regulations of a foreign country or trading facility, and it is possible that the foreign country or trading facility may not have laws or regulations which adequately protect the rights and interests of investors in the stocks included in the exchange-traded funds.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing. The prospectus contains this and other information about this unit investment trust. To obtain a prospectus, please download a prospectus from http://www.sec.gov/edgar.shtml or the Unit Trust Offerings page. Please read the prospectus carefully before investing. Incapital Unit Trust, Series 20, is a unit investment trust that consists of the Emerging Markets GDP Growth Portfolio, Series 2. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital, LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

© 2012 Goldman Sachs. All rights reserved.

Pricing Chart

Compare LIQ against key index:

10/22/2014 [8.9996] 10/21/2014 [9.068] 10/20/2014 [9.0163] 10/17/2014 [8.9919] 10/16/2014 [8.8625] 10/15/2014 [8.9734] 10/14/2014 [9.0335] 10/13/2014 [9.0176] 10/10/2014 [8.9404] 10/9/2014 [9.105] 10/8/2014 [9.2332] 10/7/2014 [9.0932] 10/6/2014 [9.2002] 10/3/2014 [9.0734] 10/2/2014 [9.0113] 10/1/2014 [8.9741] 9/30/2014 [9.1478] 9/29/2014 [9.1432] 9/26/2014 [9.3165] 9/25/2014 [9.2485] 9/24/2014 [9.4818] 9/23/2014 [9.3524] 9/22/2014 [9.4028] 9/19/2014 [9.528] 9/18/2014 [9.6127] 9/17/2014 [9.5529] 9/16/2014 [9.6346] 9/15/2014 [9.5568] 9/12/2014 [9.6319] 9/11/2014 [9.7004] 9/10/2014 [9.7805] 9/9/2014 [9.8196] 9/8/2014 [9.9595] 9/5/2014 [10.0445] 9/4/2014 [9.9274] 9/3/2014 [9.9632] 9/2/2014 [9.7861] 8/29/2014 [9.7369] 8/28/2014 [9.7401] 8/27/2014 [9.8388] 8/26/2014 [9.8144] 8/25/2014 [9.7939] 8/22/2014 [9.7363] 8/21/2014 [9.7721] 8/20/2014 [9.7889] 8/19/2014 [9.8151] 8/18/2014 [9.7751] 8/15/2014 [9.6543] 8/14/2014 [9.68] 8/13/2014 [9.6545] 8/12/2014 [9.6038] 8/11/2014 [9.6104] 8/8/2014 [9.4999] 8/7/2014 [9.3961] 8/6/2014 [9.4458] 8/5/2014 [9.5187] 8/4/2014 [9.641] 8/1/2014 [9.5314] 7/31/2014 [9.4905] 7/30/2014 [9.6512] 7/29/2014 [9.689] 7/28/2014 [9.7804] 7/25/2014 [9.7233] 7/24/2014 [9.7671] 7/23/2014 [9.7005] 7/22/2014 [9.6869] 7/21/2014 [9.5732] 7/18/2014 [9.5593] 7/17/2014 [9.4091] 7/16/2014 [9.6119] 7/15/2014 [9.5373] 7/14/2014 [9.5309] 7/11/2014 [9.4708] 7/10/2014 [9.4912] 7/9/2014 [9.5776] 7/8/2014 [9.5023] 7/7/2014 [9.6154] 7/3/2014 [9.5944] 7/2/2014 [9.5518] 7/1/2014 [9.4505] 6/30/2014 [9.396] 6/27/2014 [9.389] 6/26/2014 [9.3571] 6/25/2014 [9.39] 6/24/2014 [9.3598] 6/23/2014 [9.373] 6/20/2014 [9.3823] 6/19/2014 [9.3934] 6/18/2014 [9.4943] 6/17/2014 [9.3972] 6/16/2014 [9.3687] 6/13/2014 [9.4386] 6/12/2014 [9.4531] 6/11/2014 [9.4831] 6/10/2014 [9.5462] 6/9/2014 [9.5283] 6/6/2014 [9.492] 6/5/2014 [9.374] 6/4/2014 [9.2252] 6/3/2014 [9.2676] 6/2/2014 [9.1991] 5/30/2014 [9.1129] 5/29/2014 [9.2162] 5/28/2014 [9.2305] 5/27/2014 [9.1949] 5/23/2014 [9.3258] 5/22/2014 [9.2926] 5/21/2014 [9.2135] 5/20/2014 [9.1322] 5/19/2014 [9.2112] 5/16/2014 [9.1726] 5/15/2014 [8.9939] 5/14/2014 [9.0805] 5/13/2014 [9.0278] 5/12/2014 [8.9941] 5/9/2014 [8.8141] 5/8/2014 [8.7573] 5/7/2014 [8.7848] 5/6/2014 [8.757] 5/5/2014 [8.7206] 5/2/2014 [8.7599] 5/1/2014 [8.7257] 4/30/2014 [8.716] 4/29/2014 [8.7263] 4/28/2014 [8.6518] 4/25/2014 [8.6367] 4/24/2014 [8.7167] 4/23/2014 [8.7144] 4/22/2014 [8.7726] 4/21/2014 [8.8008] 4/17/2014 [8.8692] 4/16/2014 [8.7479] 4/15/2014 [8.6587] 4/14/2014 [8.8049] 4/11/2014 [8.8085] 4/10/2014 [8.8087] 4/9/2014 [8.9255] 4/8/2014 [8.8556] 4/7/2014 [8.7521] 4/4/2014 [8.7524] 4/3/2014 [8.7587] 4/2/2014 [8.8364] 4/1/2014 [8.8111] 3/31/2014 [8.7142] 3/28/2014 [8.652] 3/27/2014 [8.5513] 3/26/2014 [8.4644] 3/25/2014 [8.4629] 3/24/2014 [8.3824] 3/21/2014 [8.3076] 3/20/2014 [8.2543] 3/19/2014 [8.2194] 3/18/2014 [8.3777] 3/17/2014 [8.2439] 3/14/2014 [8.1528] 3/13/2014 [8.0823] 3/12/2014 [8.2514] 3/11/2014 [8.2356] 3/10/2014 [8.3268] 3/7/2014 [8.3722] 3/6/2014 [8.4719] 3/5/2014 [8.3597] 3/4/2014 [8.3337] 3/3/2014 [8.148] 2/28/2014 [8.3301] 2/27/2014 [8.3808] 2/26/2014 [8.2247] 2/25/2014 [8.2514] 2/24/2014 [8.3669] 2/21/2014 [8.367] 2/20/2014 [8.3231] 2/19/2014 [8.2805] 2/18/2014 [8.3181] 2/14/2014 [8.3833] 2/13/2014 [8.2945] 2/12/2014 [8.2873] 2/11/2014 [8.2976] 2/10/2014 [8.1134] 2/7/2014 [8.1988] 2/6/2014 [8.1546] 2/5/2014 [7.9954] 2/4/2014 [8.0269] 2/3/2014 [7.8377] 1/31/2014 [8.0695] 1/30/2014 [8.0799] 1/29/2014 [7.9929] 1/28/2014 [8.1072] 1/27/2014 [8.0509] 1/24/2014 [8.0982] 1/23/2014 [8.3342] 1/22/2014 [8.5345] 1/21/2014 [8.4184] 1/17/2014 [8.4349] 1/16/2014 [8.4786] 1/15/2014 [8.5314] 1/14/2014 [8.5287] 1/13/2014 [8.4286] 1/10/2014 [8.5122] 1/9/2014 [8.3589] 1/8/2014 [8.4131] 1/7/2014 [8.4065] 1/6/2014 [8.3917] 1/3/2014 [8.4641] 1/2/2014 [8.4764] 12/31/2013 [8.7539] 12/30/2013 [8.6908] 12/27/2013 [8.6737] 12/26/2013 [8.6375] 12/24/2013 [8.7295] 12/23/2013 [8.6609] 12/20/2013 [8.6179] 12/19/2013 [8.6046] 12/18/2013 [8.7621] 12/17/2013 [8.6087] 12/16/2013 [8.6823] 12/13/2013 [8.6377] 12/12/2013 [8.6217] 12/11/2013 [8.6893] 12/10/2013 [8.8926] 12/9/2013 [8.8884] 12/6/2013 [8.8707] 12/5/2013 [8.7122] 12/4/2013 [8.7531] 12/3/2013 [8.6994] 12/2/2013 [8.7436] 11/29/2013 [8.8671] 11/27/2013 [8.8011] 11/26/2013 [8.758] 11/25/2013 [8.7478] 11/22/2013 [8.8594] 11/21/2013 [8.7961] 11/20/2013 [8.7844] 11/19/2013 [8.907] 11/18/2013 [8.9734] 11/15/2013 [8.8537] 11/14/2013 [8.7023] 11/13/2013 [8.5681] 11/12/2013 [8.5173] 11/11/2013 [8.6077] 11/8/2013 [8.6504] 11/7/2013 [8.6679] 11/6/2013 [8.8398] 11/5/2013 [8.8195] 11/4/2013 [8.9858] 11/1/2013 [8.9328] 10/31/2013 [8.9318] 10/30/2013 [8.9861] 10/29/2013 [9.0204] 10/28/2013 [8.9686] 10/25/2013 [8.9706] 10/24/2013 [8.9159] 10/23/2013 [8.9381] 10/22/2013 [9.1518] 10/21/2013 [9.074] 10/18/2013 [9.0755] 10/17/2013 [9.0518] 10/16/2013 [9.0051] 10/15/2013 [8.9351] 10/14/2013 [9.0683] 10/11/2013 [8.9916] 10/10/2013 [8.9639] 10/9/2013 [8.7413] 10/8/2013 [8.6376] 10/7/2013 [8.7402] 10/4/2013 [8.8501] 10/3/2013 [8.7343] 10/2/2013 [8.7691] 10/1/2013 [8.7297] 9/30/2013 [8.5598] 9/27/2013 [8.6378] 9/26/2013 [8.7835] 9/25/2013 [8.7437] 9/24/2013 [8.7841] 9/23/2013 [8.8623] 9/20/2013 [8.8525] 9/19/2013 [9.0673] 9/18/2013 [9.1006] 9/17/2013 [8.734] 9/16/2013 [8.7407] 9/13/2013 [8.6567] 9/12/2013 [8.5784] 9/11/2013 [8.7046] 9/10/2013 [8.6958] 9/9/2013 [8.5804] 9/6/2013 [8.3183] 9/5/2013 [8.1953] 9/4/2013 [8.1028] 9/3/2013 [7.9412] 8/30/2013 [7.941] 8/29/2013 [7.8703] 8/28/2013 [7.8165] 8/27/2013 [7.8297] 8/26/2013 [8.0927] 8/23/2013 [8.2059] 8/22/2013 [8.1299] 8/21/2013 [7.9671] 8/20/2013 [8.2068] 8/19/2013 [8.3328] 8/16/2013 [8.5198] 8/15/2013 [8.659] 8/14/2013 [8.7637] 8/13/2013 [8.7313] 8/12/2013 [8.6672] 8/9/2013 [8.5815] 8/8/2013 [8.5504] 8/7/2013 [8.3772] 8/6/2013 [8.4462] 8/5/2013 [8.542] 8/2/2013 [8.6202] 8/1/2013 [8.6141] 7/31/2013 [8.4657] 7/30/2013 [8.4763] 7/29/2013 [8.5768] 7/26/2013 [8.7057] 7/25/2013 [8.7297] 7/24/2013 [8.6897] 7/23/2013 [8.7877] 7/22/2013 [8.7095] 7/19/2013 [8.6541] 7/18/2013 [8.6727] 7/17/2013 [8.702] 7/16/2013 [8.6339] 7/15/2013 [8.6084] 7/12/2013 [8.4722] 7/11/2013 [8.5506] 7/10/2013 [8.1982] 7/9/2013 [8.2643] 7/8/2013 [8.1938] 7/5/2013 [8.198] 7/3/2013 [8.2372] 7/2/2013 [8.3005] 7/1/2013 [8.4126] 6/28/2013 [8.3832] 6/27/2013 [8.3404] 6/26/2013 [8.1947] 6/25/2013 [8.0813] 6/24/2013 [7.9405] 6/21/2013 [8.1236] 6/20/2013 [7.9643] 6/19/2013 [8.3679] 6/18/2013 [8.6528] 6/17/2013 [8.6507] 6/14/2013 [8.5836] 6/13/2013 [8.6584] 6/12/2013 [8.4988] 6/11/2013 [8.5364] 6/10/2013 [8.7278] 6/7/2013 [8.8586] 6/6/2013 [8.9033] 6/5/2013 [8.8308] 6/4/2013 [8.9941] 6/3/2013 [9.0701] 5/31/2013 [9.007] 5/30/2013 [9.2101] 5/29/2013 [9.2237] 5/28/2013 [9.3643] 5/24/2013 [9.2995] 5/23/2013 [9.3747] 5/22/2013 [9.4576] 5/21/2013 [9.5666] 5/20/2013 [9.6022] 5/17/2013 [9.5797] 5/16/2013 [9.5314] 5/15/2013 [9.594] 5/14/2013 [9.5697] 5/13/2013 [9.5252] 5/10/2013 [9.623] 5/9/2013 [9.634] 5/8/2013 [9.7362] 5/7/2013 [9.6746] 5/6/2013 [9.5887] 5/3/2013 [9.5764] 5/2/2013 [9.5197] 5/1/2013 [9.42] 4/30/2013 [9.538] 4/29/2013 [9.4199] 4/26/2013 [9.3194] 4/25/2013 [9.4069] 4/24/2013 [9.3598] 4/23/2013 [9.2994] 4/22/2013 [9.2764] 4/19/2013 [9.2546] 4/18/2013 [9.1161] 4/17/2013 [9.0875] 4/16/2013 [9.2492] 4/15/2013 [9.0417] 4/12/2013 [9.2788] 4/11/2013 [9.3835] 4/10/2013 [9.3941] 4/9/2013 [9.3145] 4/8/2013 [9.2405] 4/5/2013 [9.2032] 4/4/2013 [9.1992] 4/3/2013 [9.2251] 4/2/2013 [9.3702] 4/1/2013 [9.3372] 3/28/2013 [9.4191] 3/27/2013 [9.4031] 3/26/2013 [9.3461] 3/25/2013 [9.2587] 3/22/2013 [9.2906] 3/21/2013 [9.2718] 3/20/2013 [9.3715] 3/19/2013 [9.2947] 3/18/2013 [9.4124] 3/15/2013 [9.5421] 3/14/2013 [9.5803] 3/13/2013 [9.5212] 3/12/2013 [9.6416] 3/11/2013 [9.7309] 3/8/2013 [9.7908] 3/7/2013 [9.6644] 3/6/2013 [9.6217] 3/5/2013 [9.5503] 3/4/2013 [9.4466] 3/1/2013 [9.531] 2/28/2013 [9.5312] 2/27/2013 [9.5848] 2/26/2013 [9.4943] 2/25/2013 [9.4451] 2/22/2013 [9.5748] 2/21/2013 [9.5134] 2/20/2013 [9.655]

Pricing

POP $9.3212
LIQ $8.9996
Prev LIQ $9.0680
LIQ Change -0.75% $-0.0684

Historical Highs/Lows*

  Price Date
POP High: $10.4034 9/5/2014
POP Low: $8.0958 8/28/2013
LIQ High: $10.0445 9/5/2014
LIQ Low: $7.8165 8/28/2013
*Trade dates 2/20/2013 to 10/22/2014

Product Price History

Month: Year:
Date POP LIQ
02/20/13 $10.0000 $9.6550
02/21/13 $9.8526 $9.5134
02/22/13 $9.9165 $9.5748
02/25/13 $9.7815 $9.4451
02/26/13 $9.8327 $9.4943
02/27/13 $9.9269 $9.5848
02/28/13 $9.8711 $9.5312
03/01/13 $9.8709 $9.5310
03/04/13 $9.7830 $9.4466
03/05/13 $9.8910 $9.5503
03/06/13 $9.9653 $9.6217
03/07/13 $10.0098 $9.6644
03/08/13 $10.1414 $9.7908
03/11/13 $10.0790 $9.7309
03/12/13 $9.9860 $9.6416
03/13/13 $9.8607 $9.5212
03/14/13 $9.9222 $9.5803
03/15/13 $9.8825 $9.5421
03/18/13 $9.7474 $9.4124
03/19/13 $9.6249 $9.2947
03/20/13 $9.7048 $9.3715
03/21/13 $9.6010 $9.2718
03/22/13 $9.6206 $9.2906
03/25/13 $9.5874 $9.2587
03/26/13 $9.6784 $9.3461
03/27/13 $9.7377 $9.4031
03/28/13 $9.7544 $9.4191
04/01/13 $9.6691 $9.3372
04/02/13 $9.7035 $9.3702
04/03/13 $9.5524 $9.2251
04/04/13 $9.5255 $9.1992
04/05/13 $9.5296 $9.2032
04/08/13 $9.5685 $9.2405
04/09/13 $9.6455 $9.3145
04/10/13 $9.7284 $9.3941
04/11/13 $9.7173 $9.3835
04/12/13 $9.6083 $9.2788
04/15/13 $9.3615 $9.0417
04/16/13 $9.5775 $9.2492
04/17/13 $9.4092 $9.0875
04/18/13 $9.4389 $9.1161
04/19/13 $9.5831 $9.2546
04/22/13 $9.6058 $9.2764
04/23/13 $9.6298 $9.2994
04/24/13 $9.6927 $9.3598
04/25/13 $9.7417 $9.4069
04/26/13 $9.6506 $9.3194
04/29/13 $9.7552 $9.4199
04/30/13 $9.8782 $9.5380
05/01/13 $9.7553 $9.4200
05/02/13 $9.8591 $9.5197
05/03/13 $9.9182 $9.5764
05/06/13 $9.9310 $9.5887
05/07/13 $10.0204 $9.6746
05/08/13 $10.0845 $9.7362
05/09/13 $9.9781 $9.6340
05/10/13 $9.9667 $9.6230
05/13/13 $9.8649 $9.5252
05/14/13 $9.9112 $9.5697
05/15/13 $9.9365 $9.5940
05/16/13 $9.8713 $9.5314
05/17/13 $9.9216 $9.5797
05/20/13 $9.9450 $9.6022
05/21/13 $9.9080 $9.5666
05/22/13 $9.7945 $9.4576
05/23/13 $9.7082 $9.3747
05/24/13 $9.6299 $9.2995
05/28/13 $9.6973 $9.3643
05/29/13 $9.5510 $9.2237
05/30/13 $9.5368 $9.2101
05/31/13 $9.3254 $9.0070
06/03/13 $9.3910 $9.0701
06/04/13 $9.3119 $8.9941
06/05/13 $9.1419 $8.8308
06/06/13 $9.2174 $8.9033
06/07/13 $9.1708 $8.8586
06/10/13 $9.0347 $8.7278
06/11/13 $8.8354 $8.5364
06/12/13 $8.7963 $8.4988
06/13/13 $8.9624 $8.6584
06/14/13 $8.8845 $8.5836
06/17/13 $8.9544 $8.6507
06/18/13 $8.9566 $8.6528
06/19/13 $8.6600 $8.3679
06/20/13 $8.2398 $7.9643
06/21/13 $8.4056 $8.1236
06/24/13 $8.2150 $7.9405
06/25/13 $8.3616 $8.0813
06/26/13 $8.4796 $8.1947
06/27/13 $8.6313 $8.3404
06/28/13 $8.6759 $8.3832
07/01/13 $8.7065 $8.4126
07/02/13 $8.5898 $8.3005
07/03/13 $8.5239 $8.2372
07/05/13 $8.4831 $8.1980
07/08/13 $8.4787 $8.1938
07/09/13 $8.5521 $8.2643
07/10/13 $8.4833 $8.1982
07/11/13 $8.8502 $8.5506
07/12/13 $8.7686 $8.4722
07/15/13 $8.9104 $8.6084
07/16/13 $8.9369 $8.6339
07/17/13 $9.0078 $8.7020
07/18/13 $8.9773 $8.6727
07/19/13 $8.9579 $8.6541
07/22/13 $9.0156 $8.7095
07/23/13 $9.0970 $8.7877
07/24/13 $8.9950 $8.6897
07/25/13 $9.0366 $8.7297
07/26/13 $9.0117 $8.7057
07/29/13 $8.8775 $8.5768
07/30/13 $8.7728 $8.4763
07/31/13 $8.7618 $8.4657
08/01/13 $8.9163 $8.6141
08/02/13 $8.9226 $8.6202
08/05/13 $8.8412 $8.5420
08/06/13 $8.7415 $8.4462
08/07/13 $8.6697 $8.3772
08/08/13 $8.8500 $8.5504
08/09/13 $8.8824 $8.5815
08/12/13 $8.9716 $8.6672
08/13/13 $9.0383 $8.7313
08/14/13 $9.0720 $8.7637
08/15/13 $8.9630 $8.6590
08/16/13 $8.8181 $8.5198
08/19/13 $8.6234 $8.3328
08/20/13 $8.5001 $8.2068
08/21/13 $8.2518 $7.9671
08/22/13 $8.4204 $8.1299
08/23/13 $8.4991 $8.2059
08/26/13 $8.3819 $8.0927
08/27/13 $8.1095 $7.8297
08/28/13 $8.0958 $7.8165
08/29/13 $8.1515 $7.8703
08/30/13 $8.2248 $7.9410
09/03/13 $8.2250 $7.9412
09/04/13 $8.3923 $8.1028
09/05/13 $8.4881 $8.1953
09/06/13 $8.6155 $8.3183
09/09/13 $8.8870 $8.5804
09/10/13 $9.0065 $8.6958
09/11/13 $9.0156 $8.7046
09/12/13 $8.8849 $8.5784
09/13/13 $8.9660 $8.6567
09/16/13 $9.0530 $8.7407
09/17/13 $9.0461 $8.7340
09/18/13 $9.4258 $9.1006
09/19/13 $9.3913 $9.0673
09/20/13 $9.1688 $8.8525
09/23/13 $9.1790 $8.8623
09/24/13 $9.0980 $8.7841
09/25/13 $9.0561 $8.7437
09/26/13 $9.0974 $8.7835
09/27/13 $8.9465 $8.6378
09/30/13 $8.8657 $8.5598
10/01/13 $9.0416 $8.7297
10/02/13 $9.0824 $8.7691
10/03/13 $9.0464 $8.7343
10/04/13 $9.1663 $8.8501
10/07/13 $9.0525 $8.7402
10/08/13 $8.9462 $8.6376
10/09/13 $9.0537 $8.7413
10/10/13 $9.2842 $8.9639
10/11/13 $9.3129 $8.9916
10/14/13 $9.3923 $9.0683
10/15/13 $9.2544 $8.9351
10/16/13 $9.3269 $9.0051
10/17/13 $9.3752 $9.0518
10/18/13 $9.3998 $9.0755
10/21/13 $9.3982 $9.0740
10/22/13 $9.4788 $9.1518
10/23/13 $9.2575 $8.9381
10/24/13 $9.2345 $8.9159
10/25/13 $9.2911 $8.9706
10/28/13 $9.2891 $8.9686
10/29/13 $9.3427 $9.0204
10/30/13 $9.3072 $8.9861
10/31/13 $9.2510 $8.9318
11/01/13 $9.2520 $8.9328
11/04/13 $9.3069 $8.9858
11/05/13 $9.1346 $8.8195
11/06/13 $9.1557 $8.8398
11/07/13 $8.9776 $8.6679
11/08/13 $8.9595 $8.6504
11/11/13 $8.9153 $8.6077
11/12/13 $8.8216 $8.5173
11/13/13 $8.8743 $8.5681
11/14/13 $9.0133 $8.7023
11/15/13 $9.1701 $8.8537
11/18/13 $9.2940 $8.9734
11/19/13 $9.2253 $8.9070
11/20/13 $9.0983 $8.7844
11/21/13 $9.1104 $8.7961
11/22/13 $9.1760 $8.8594
11/25/13 $9.0604 $8.7478
11/26/13 $9.0709 $8.7580
11/27/13 $9.1156 $8.8011
11/29/13 $9.1839 $8.8671
12/02/13 $9.0560 $8.7436
12/03/13 $9.0103 $8.6994
12/04/13 $9.0659 $8.7531
12/05/13 $9.0235 $8.7122
12/06/13 $9.1877 $8.8707
12/09/13 $9.2060 $8.8884
12/10/13 $9.2104 $8.8926
12/11/13 $8.9998 $8.6893
12/12/13 $8.9298 $8.6217
12/13/13 $8.9463 $8.6377
12/16/13 $8.9925 $8.6823
12/17/13 $8.9163 $8.6087
12/18/13 $9.0752 $8.7621
12/19/13 $8.9121 $8.6046
12/20/13 $8.9258 $8.6179
12/23/13 $8.9704 $8.6609
12/24/13 $9.0414 $8.7295
12/26/13 $8.9461 $8.6375
12/27/13 $8.9836 $8.6737
12/30/13 $9.0013 $8.6908
12/31/13 $9.0667 $8.7539
01/02/14 $8.7793 $8.4764
01/03/14 $8.7665 $8.4641
01/06/14 $8.6916 $8.3917
01/07/14 $8.7069 $8.4065
01/08/14 $8.7137 $8.4131
01/09/14 $8.6576 $8.3589
01/10/14 $8.8164 $8.5122
01/13/14 $8.7298 $8.4286
01/14/14 $8.8335 $8.5287
01/15/14 $8.8363 $8.5314
01/16/14 $8.7816 $8.4786
01/17/14 $8.7363 $8.4349
01/21/14 $8.7192 $8.4184
01/22/14 $8.8395 $8.5345
01/23/14 $8.6320 $8.3342
01/24/14 $8.3876 $8.0982
01/27/14 $8.3386 $8.0509
01/28/14 $8.3969 $8.1072
01/29/14 $8.2785 $7.9929
01/30/14 $8.3686 $8.0799
01/31/14 $8.3578 $8.0695
02/03/14 $8.1178 $7.8377
02/04/14 $8.3137 $8.0269
02/05/14 $8.2811 $7.9954
02/06/14 $8.4460 $8.1546
02/07/14 $8.4918 $8.1988
02/10/14 $8.4033 $8.1134
02/11/14 $8.5941 $8.2976
02/12/14 $8.5834 $8.2873
02/13/14 $8.5909 $8.2945
02/14/14 $8.6829 $8.3833
02/18/14 $8.6153 $8.3181
02/19/14 $8.5764 $8.2805
02/20/14 $8.6205 $8.3231
02/21/14 $8.6660 $8.3670
02/24/14 $8.6659 $8.3669
02/25/14 $8.5462 $8.2514
02/26/14 $8.5186 $8.2247
02/27/14 $8.6803 $8.3808
02/28/14 $8.6278 $8.3301
03/03/14 $8.4392 $8.1480
03/04/14 $8.6315 $8.3337
03/05/14 $8.6584 $8.3597
03/06/14 $8.7746 $8.4719
03/07/14 $8.6714 $8.3722
03/10/14 $8.6243 $8.3268
03/11/14 $8.5299 $8.2356
03/12/14 $8.5462 $8.2514
03/13/14 $8.3711 $8.0823
03/14/14 $8.4441 $8.1528
03/17/14 $8.5385 $8.2439
03/18/14 $8.6771 $8.3777
03/19/14 $8.5131 $8.2194
03/20/14 $8.5492 $8.2543
03/21/14 $8.6045 $8.3076
03/24/14 $8.6819 $8.3824
03/25/14 $8.7653 $8.4629
03/26/14 $8.7669 $8.4644
03/27/14 $8.8569 $8.5513
03/28/14 $8.9612 $8.6520
03/31/14 $9.0256 $8.7142
04/01/14 $9.1259 $8.8111
04/02/14 $9.1521 $8.8364
04/03/14 $9.0717 $8.7587
04/04/14 $9.0651 $8.7524
04/07/14 $9.0648 $8.7521
04/08/14 $9.1720 $8.8556
04/09/14 $9.2444 $8.9255
04/10/14 $9.1235 $8.8087
04/11/14 $9.1233 $8.8085
04/14/14 $9.1195 $8.8049
04/15/14 $8.9681 $8.6587
04/16/14 $9.0605 $8.7479
04/17/14 $9.1861 $8.8692
04/21/14 $9.1153 $8.8008
04/22/14 $9.0861 $8.7726
04/23/14 $9.0258 $8.7144
04/24/14 $9.0282 $8.7167
04/25/14 $8.9453 $8.6367
04/28/14 $8.9610 $8.6518
04/29/14 $9.0381 $8.7263
04/30/14 $9.0274 $8.7160
05/01/14 $9.0375 $8.7257
05/02/14 $9.0729 $8.7599
05/05/14 $9.0322 $8.7206
05/06/14 $9.0699 $8.7570
05/07/14 $9.0987 $8.7848
05/08/14 $9.0702 $8.7573
05/09/14 $9.1291 $8.8141
05/12/14 $9.3155 $8.9941
05/13/14 $9.3504 $9.0278
05/14/14 $9.4050 $9.0805
05/15/14 $9.3153 $8.9939
05/16/14 $9.5004 $9.1726
05/19/14 $9.5403 $9.2112
05/20/14 $9.4585 $9.1322
05/21/14 $9.5427 $9.2135
05/22/14 $9.6247 $9.2926
05/23/14 $9.6590 $9.3258
05/27/14 $9.5235 $9.1949
05/28/14 $9.5603 $9.2305
05/29/14 $9.5455 $9.2162
05/30/14 $9.4385 $9.1129
06/02/14 $9.5278 $9.1991
06/03/14 $9.5988 $9.2676
06/04/14 $9.5548 $9.2252
06/05/14 $9.7090 $9.3740
06/06/14 $9.8312 $9.4920
06/09/14 $9.8688 $9.5283
06/10/14 $9.8873 $9.5462
06/11/14 $9.8220 $9.4831
06/12/14 $9.7909 $9.4531
06/13/14 $9.7759 $9.4386
06/16/14 $9.7035 $9.3687
06/17/14 $9.7330 $9.3972
06/18/14 $9.8336 $9.4943
06/19/14 $9.7291 $9.3934
06/20/14 $9.7176 $9.3823
06/23/14 $9.7079 $9.3730
06/24/14 $9.6943 $9.3598
06/25/14 $9.7255 $9.3900
06/26/14 $9.6915 $9.3571
06/27/14 $9.7245 $9.3890
06/30/14 $9.7317 $9.3960
07/01/14 $9.7882 $9.4505
07/02/14 $9.8931 $9.5518
07/03/14 $9.9372 $9.5944
07/07/14 $9.9590 $9.6154
07/08/14 $9.8418 $9.5023
07/09/14 $9.9198 $9.5776
07/10/14 $9.8303 $9.4912
07/11/14 $9.8092 $9.4708
07/14/14 $9.8715 $9.5309
07/15/14 $9.8781 $9.5373
07/16/14 $9.9554 $9.6119
07/17/14 $9.7453 $9.4091
07/18/14 $9.9009 $9.5593
07/21/14 $9.9153 $9.5732
07/22/14 $10.0330 $9.6869
07/23/14 $10.0471 $9.7005
07/24/14 $10.1161 $9.7671
07/25/14 $10.0707 $9.7233
07/28/14 $10.1299 $9.7804
07/29/14 $10.0352 $9.6890
07/30/14 $9.9961 $9.6512
07/31/14 $9.8296 $9.4905
08/01/14 $9.8720 $9.5314
08/04/14 $9.9855 $9.6410
08/05/14 $9.8588 $9.5187
08/06/14 $9.7833 $9.4458
08/07/14 $9.7318 $9.3961
08/08/14 $9.8394 $9.4999
08/11/14 $9.9538 $9.6104
08/12/14 $9.9470 $9.6038
08/13/14 $9.9995 $9.6545
08/14/14 $10.0259 $9.6800
08/15/14 $9.9993 $9.6543
08/18/14 $10.1244 $9.7751
08/19/14 $10.1658 $9.8151
08/20/14 $10.1387 $9.7889
08/21/14 $10.1213 $9.7721
08/22/14 $10.0842 $9.7363
08/25/14 $10.1439 $9.7939
08/26/14 $10.1651 $9.8144
08/27/14 $10.1904 $9.8388
08/28/14 $10.0881 $9.7401
08/29/14 $10.0848 $9.7369
09/02/14 $10.1358 $9.7861
09/03/14 $10.3192 $9.9632
09/04/14 $10.2821 $9.9274
09/05/14 $10.4034 $10.0445
09/08/14 $10.3154 $9.9595
09/09/14 $10.1705 $9.8196
09/10/14 $10.1300 $9.7805
09/11/14 $10.0470 $9.7004
09/12/14 $9.9761 $9.6319
09/15/14 $9.8983 $9.5568
09/16/14 $9.9789 $9.6346
09/17/14 $9.8943 $9.5529
09/18/14 $9.9562 $9.6127
09/19/14 $9.8685 $9.5280
09/22/14 $9.7388 $9.4028
09/23/14 $9.6866 $9.3524
09/24/14 $9.8206 $9.4818
09/25/14 $9.5790 $9.2485
09/26/14 $9.6494 $9.3165
09/29/14 $9.4699 $9.1432
09/30/14 $9.4747 $9.1478
10/01/14 $9.2948 $8.9741
10/02/14 $9.3333 $9.0113
10/03/14 $9.3976 $9.0734
10/06/14 $9.5289 $9.2002
10/07/14 $9.4181 $9.0932
10/08/14 $9.5631 $9.2332
10/09/14 $9.4303 $9.1050
10/10/14 $9.2599 $8.9404
10/13/14 $9.3398 $9.0176
10/14/14 $9.3563 $9.0335
10/15/14 $9.2940 $8.9734
10/16/14 $9.1792 $8.8625
10/17/14 $9.3132 $8.9919
10/20/14 $9.3385 $9.0163
10/21/14 $9.3920 $9.0680
10/22/14 $9.3212 $8.9996

POP is the Public Offering Price.  Represents the net asset value per unit plus any applicable organization costs and sales charges.  This is the regular public offering price paid per unit to purchase units.  This price is often subject to certain sales charge discounts described in the trust prospectus.

LIQ is the Liquidation Price.  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.

Past performance is no indication of future results. Investment return and principal value will fluctuate with changes in market conditions. Units when redeemed may be worth more or less than their original cost.

This page contains historical pricing or historical distributions information for the unit investment trust listed above. It should not be used for federal or state tax purposes, please contact your financial advisor for tax information.


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. This trust terminates approximately two years from the initial date of deposit.

The portfolio invests in shares of exchange-traded funds. Exchange-traded funds are subject to various risks, including management’s ability to meet the fund’s investment objective, and to manage the fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund’s net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

You will bear not only your share of the trust's expenses, but also those of the underlying exchange-traded funds. By investing in other exchange-traded funds, the trust incurs greater expenses than you would incur if you invested directly in the exchange-traded funds.

Certain ETFs in the portfolio invests in stocks of small capitalization companies. Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.
                                                                                                        
The ETFs in the portfolio invest in foreign securities. 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.  The foreign markets represented include Columbia, China, Peru, Brazil, Chile, Indonesia, Malaysia, Mexico, Philippines, Poland, South Africa, Thailand, Turkey, Egypt, Russia, and India.

The ETFs in the portfolio invest in emerging markets. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets, and may have less protection of property rights than more developed countries. The economies of countries with emerging markets may be based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. Local securities markets may also trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. It will also likely be more costly and difficult for the Sponsor to enforce the laws or regulations of a foreign country or trading facility, and it is possible that the foreign country or trading facility may not have laws or regulations which adequately protect the rights and interests of investors in the stocks included in the exchange-traded funds.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing. The prospectus contains this and other information about this unit investment trust. To obtain a prospectus, please download a prospectus from http://www.sec.gov/edgar.shtml or the Unit Trust Offerings page. Please read the prospectus carefully before investing. Incapital Unit Trust, Series 20, is a unit investment trust that consists of the Emerging Markets GDP Growth Portfolio, Series 2. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital, LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

© 2012 Goldman Sachs. All rights reserved.

Product Performance as of 10/22/2014

Cumulative Return
Since
Deposit
Distributions Reinvested
With Transaction Sales Charge -9.1195%
Without Transaction Sales Charge -5.8721%
Distributions in Cash
With Transaction Sales Charge -9.1670%
Without Transaction Sales Charge -5.9213%

Returns With Transactional Sales Charge reflect the maximum transactional sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The transactional sales charge includes any initial or deferred sales charges other than the creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

Returns Without Transactional Sales Charge do not reflect any transactional sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

Returns are cumulative total returns (not annualized) unless labeled as average annual returns. Distribution Received in Cash returns reflect trust expenses as incurred and assume income and principal distributions are paid out in cash on the payable date. Distributions Reinvested returns reflect trust expenses as incurred and assume income and principal distributions are reinvested on the reinvestment date.

Past performance is no indication of future results. Investment return and principal value will fluctuate with changes in market conditions. Units when redeemed may be worth more or less than their original cost.

All returns are historical and do not represent potential future performance. A trust’s performance, especially for short time periods, should not be the sole factor in making your investment decision.


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. This trust terminates approximately two years from the initial date of deposit.

The portfolio invests in shares of exchange-traded funds. Exchange-traded funds are subject to various risks, including management’s ability to meet the fund’s investment objective, and to manage the fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund’s net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

You will bear not only your share of the trust's expenses, but also those of the underlying exchange-traded funds. By investing in other exchange-traded funds, the trust incurs greater expenses than you would incur if you invested directly in the exchange-traded funds.

Certain ETFs in the portfolio invests in stocks of small capitalization companies. Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.
                                                                                                        
The ETFs in the portfolio invest in foreign securities. 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.  The foreign markets represented include Columbia, China, Peru, Brazil, Chile, Indonesia, Malaysia, Mexico, Philippines, Poland, South Africa, Thailand, Turkey, Egypt, Russia, and India.

The ETFs in the portfolio invest in emerging markets. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets, and may have less protection of property rights than more developed countries. The economies of countries with emerging markets may be based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. Local securities markets may also trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. It will also likely be more costly and difficult for the Sponsor to enforce the laws or regulations of a foreign country or trading facility, and it is possible that the foreign country or trading facility may not have laws or regulations which adequately protect the rights and interests of investors in the stocks included in the exchange-traded funds.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing. The prospectus contains this and other information about this unit investment trust. To obtain a prospectus, please download a prospectus from http://www.sec.gov/edgar.shtml or the Unit Trust Offerings page. Please read the prospectus carefully before investing. Incapital Unit Trust, Series 20, is a unit investment trust that consists of the Emerging Markets GDP Growth Portfolio, Series 2. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital, LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

© 2012 Goldman Sachs. All rights reserved.
Asset Style Weight
N/A 100.00 %
Asset Type Weight
Investment Company 100.00 %
Sector Composition Weight
N/A 100.00 %
Country Composition Weight
Foreign 100.00 %

Portfolio Holdings

Name Symbol Sector Style Weight
Global X FTSE Colombia 20 ETF GXG N/A N/A 2.00 %
iShares FTSE China 25 Index Fund FXI N/A N/A 12.41 %
iShares MSCI All Peru Capped Index Fund EPU N/A N/A 1.41 %
iShares MSCI Brazil Capped Index Fund EWZ N/A N/A 9.30 %
iShares MSCI Chile Investable Market Index Fund ECH N/A N/A 1.29 %
iShares MSCI Indonesia Investable Market Index EIDO N/A N/A 5.39 %
iShares MSCI Malaysia Index Fund EWM N/A N/A 2.02 %
iShares MSCI Mexico Investable Market Index Fund EWW N/A N/A 6.71 %
iShares MSCI Philippines Investable Market Index EPHE N/A N/A 1.73 %
iShares MSCI Poland Investable Market Index Fund EPOL N/A N/A 2.99 %
iShares MSCI South Africa Index Fund EZA N/A N/A 2.28 %
iShares MSCI Thailand Investable Market Index Fund THD N/A N/A 2.66 %
iShares MSCI Turkey Investable Market Index Fund TUR N/A N/A 4.45 %
Market Vectors Egypt Index ETF EGPT N/A N/A 2.26 %
Market Vectors Russia ETF RSX N/A N/A 9.76 %
PowerShares India Portfolio PIN N/A N/A 10.47 %
SPDR S&P China ETF GXC N/A N/A 12.44 %
WisdomTree India Earnings Fund EPI N/A N/A 10.43 %

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.


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. This trust terminates approximately two years from the initial date of deposit.

The portfolio invests in shares of exchange-traded funds. Exchange-traded funds are subject to various risks, including management’s ability to meet the fund’s investment objective, and to manage the fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund’s net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

You will bear not only your share of the trust's expenses, but also those of the underlying exchange-traded funds. By investing in other exchange-traded funds, the trust incurs greater expenses than you would incur if you invested directly in the exchange-traded funds.

Certain ETFs in the portfolio invests in stocks of small capitalization companies. Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.
                                                                                                        
The ETFs in the portfolio invest in foreign securities. 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.  The foreign markets represented include Columbia, China, Peru, Brazil, Chile, Indonesia, Malaysia, Mexico, Philippines, Poland, South Africa, Thailand, Turkey, Egypt, Russia, and India.

The ETFs in the portfolio invest in emerging markets. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets, and may have less protection of property rights than more developed countries. The economies of countries with emerging markets may be based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. Local securities markets may also trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. It will also likely be more costly and difficult for the Sponsor to enforce the laws or regulations of a foreign country or trading facility, and it is possible that the foreign country or trading facility may not have laws or regulations which adequately protect the rights and interests of investors in the stocks included in the exchange-traded funds.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing. The prospectus contains this and other information about this unit investment trust. To obtain a prospectus, please download a prospectus from http://www.sec.gov/edgar.shtml or the Unit Trust Offerings page. Please read the prospectus carefully before investing. Incapital Unit Trust, Series 20, is a unit investment trust that consists of the Emerging Markets GDP Growth Portfolio, Series 2. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital, LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

© 2012 Goldman Sachs. All rights reserved.

Distributions

Record Date Distribution Date Reinvestment Date Reinvest Price Principal Distribution Per Unit Income Distribution Per Unit
12/10/2013 12/25/2013 12/20/2013 $8.6179 $0.0289
12/31/2013 1/8/2014 1/3/2014 $8.4641 $0.0548
6/10/2014 6/25/2014
12/10/2014 12/25/2014
2/19/2015 2/19/2015

Income distributions will vary with changes in dividends or interest received on the underlying securities and with changes in the trust's fees and expenses. Principal distributions will be made only when the trust receives principal cash and will therefore vary. Both income and principal distributions may be affected by the sale of securities in the portfolio. See the prospectus for a more detailed description of the factors which could affect income and principal distributions.

This page contains historical pricing or historical distributions information for the unit investment trust listed above. It should not be used for federal or state tax purposes, please contact your financial advisor for tax information.


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. This trust terminates approximately two years from the initial date of deposit.

The portfolio invests in shares of exchange-traded funds. Exchange-traded funds are subject to various risks, including management’s ability to meet the fund’s investment objective, and to manage the fund’s portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors’ perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund’s net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

You will bear not only your share of the trust's expenses, but also those of the underlying exchange-traded funds. By investing in other exchange-traded funds, the trust incurs greater expenses than you would incur if you invested directly in the exchange-traded funds.

Certain ETFs in the portfolio invests in stocks of small capitalization companies. Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.
                                                                                                        
The ETFs in the portfolio invest in foreign securities. 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.  The foreign markets represented include Columbia, China, Peru, Brazil, Chile, Indonesia, Malaysia, Mexico, Philippines, Poland, South Africa, Thailand, Turkey, Egypt, Russia, and India.

The ETFs in the portfolio invest in emerging markets. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets, and may have less protection of property rights than more developed countries. The economies of countries with emerging markets may be based on only a few industries, may be highly vulnerable to changes in local or global trade conditions, and may suffer from extreme and volatile debt burdens or inflation rates. Local securities markets may also trade a small number of securities and may be unable to respond effectively to increases in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. It will also likely be more costly and difficult for the Sponsor to enforce the laws or regulations of a foreign country or trading facility, and it is possible that the foreign country or trading facility may not have laws or regulations which adequately protect the rights and interests of investors in the stocks included in the exchange-traded funds.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing. The prospectus contains this and other information about this unit investment trust. To obtain a prospectus, please download a prospectus from http://www.sec.gov/edgar.shtml or the Unit Trust Offerings page. Please read the prospectus carefully before investing. Incapital Unit Trust, Series 20, is a unit investment trust that consists of the Emerging Markets GDP Growth Portfolio, Series 2. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital, LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

© 2012 Goldman Sachs. All rights reserved.

Summary

Emerging Markets GDP Growth Portfolio
Series 2
EMG0002
INEMAX
Closed
2/20/2013
2/19/2015
12/10/2013
12/25/2013
Semi-Annual
RIC
$10.0000
$9.3212
$8.9996
$0.1186
45327V102
45327V110
45327V128
45327V136

1. POP is the Public Offering Price.  Represents the net asset value per unit plus any applicable organization costs and sales charges.  This is the regular public offering price paid per unit to purchase units.  This price is often subject to certain sales charge discounts described in the trust prospectus.

2. LIQ is the Liquidation Price.  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.

3. There is no guarantee that any distributions will be made. The estimated net annual income is per unit as of deposit day and based on the most recently declared dividends, distributions or interim and final dividends accounting for any foreign withholding taxes of the portfolio’s holdings. The actual net annual income distributions you receive will vary from the estimate with changes in the portfolio’s fees and expenses, income received, currency fluctuations, and with the call, redemption, maturity, or sale of securities.

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