NUVEEN UNIT TRUSTS
SERIES 9
Nuveen U.S. Treasury Trust, Series 6 (Intermediate) 60,000 Units
Nuveen Insured Corporate Trust, Series 3 (Long-Term) 444,400 Units
FIXED INCOME PROSPECTUS - PART TWO
DATED JULY 31, 1999
NOTE: This Prospectus Part Two may not be distributed unless accompanied by
Part One.
Currently Offered at Public Offering Price plus interest accrued to the date of
settlement. Minimum purchase -- either $5,000 or 50 Units ($1,000 or 10 Units
for Traditional and Roth IRA purchases and $500 or nearest whole number of Units
whose value is less than $500 for Education IRA purchases), whichever is less.
THE UNITS of fractional undivided interest in the Nuveen Unit Trusts being
offered hereby are issued and outstanding Units that have been reacquired by
John Nuveen & Co. Incorporated either by purchase of Units tendered to the
Trustee for redemption or by purchase in the open market. The price paid in each
instance was not less than the Redemption Price determined as provided in Part
One under the caption "How Units May Be Redeemed Without Charge." The Units are
being offered at the Public Offering Price computed in the manner described in
Part One under the caption "Public Offering Price." Any profit or loss resulting
from the sale of Units will accrue to John Nuveen & Co.
Incorporated and no proceeds from the sale will be received by the Trusts.
The NUVEEN U.S. TREASURY TRUST (the "Treasury Trust") consists of a portfolio of
U.S. Treasury Obligations that are backed by the full faith and credit of the
United States Government. The Treasury Trust passes through to Unitholders in
all states the exemption from state and local personal income taxes afforded to
direct owners of U.S. Treasury Obligations. The NUVEEN INSURED CORPORATE TRUST
(the "Insured Corporate Trust") consists primarily of a portfolio of corporate
debt obligations issued by utility companies (the "Corporate Bonds") and may
include zero coupon U.S. Treasury Obligations (which as of the initial date of
deposit represented less than 20% of the principal amount of the Securities
deposited in the Trust). Insurance guaranteeing the scheduled payment of
principal and interest on all of the Corporate Bonds in the Trust has been
obtained directly by the issuer of such Bonds or by the Sponsor from MBIA
Insurance Corporation ("MBIA"). THE INSURANCE DOES NOT RELATE TO THE UNITS
OFFERED HEREBY OR TO THEIR MARKET VALUE. As a result of such insurance, the
Corporate Bonds are rated "AAA" by Standard & Poor's. (See "SCHEDULE OF
INVESTMENTS"). Collectively, the U.S. Treasury Trust and the Insured Corporate
Trust shall be referred to herein as the "Trusts" and U.S. Treasury Obligations
and the Corporate Bonds shall be referred to herein as the "Bonds" or the
"Securities."
THE OBJECTIVE of the U.S. Treasury Trust is to provide current interest income
consistent with preservation of capital and investment flexibility. The
objective of the Insured Corporate Trust is to provide a high level of current
income consistent with preservation of capital provided primarily by an insured
portfolio of corporate debt obligations issued by utility companies, including
telephone companies.
The Trusts are available to non-resident aliens, and the income from the Trusts,
provided certain conditions are met, will be exempt from withholding for U.S.
federal income tax for such foreign investors.
THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED OF THE
SECURITIES OR PASSED UPON THE ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL OFFENSE.
<PAGE>
ESSENTIAL INFORMATION REGARDING THE TRUST(S)
AS OF MAY 31, 1999
SPONSOR AND EVALUATOR......JOHN NUVEEN & CO. INCORPORATED
TRUSTEE......THE CHASE MANHATTAN BANK
The income, expense and distribution data set forth below have been
calculated for Unitholders electing to receive monthly distributions.
Unitholders choosing distributions quarterly or semi-annually will receive a
slightly higher net annual interest income because of the lower Trustee's fees
and expenses under such plans.
<TABLE>
<CAPTION>
U.S. INSURED
TREASURY TRUST, CORPORATE
SERIES 6 TRUST,
SERIES 3
<S> <C> <C>
Principal Amount of Bonds in Trust................................................. $6,000,000 $54,120,000
Number of Units.................................................................... 60,000 541,200
Fractional Undivided Interest in Trust Per Unit.................................... 1/60,000 1/541,200
Public Offering Price --
Less than 1,000 Units
Aggregate Bid Price of Bonds in Trust......................................... $5,913,727 $51,383,250
Plus Sales Charge (1)......................................................... $102,877 $2,647,265
Total....................................................................... $6,016,604 $54,030,515
Divided by Number of Units.................................................... $100.27 $99.83
Plus Cash Per Unit(2)......................................................... $0.0 $0.0
Public Offering Price Per Unit(3)............................................. $100.27 $99.83
Redemption Price Per Unit (exclusive of accrued interest).......................... $98.56 $94.94
Sponsor's Repurchase Price Per Unit (exclusive of accrued interest)................ $98.56 $94.94
Excess of Public Offering Price Per Unit over Redemption Price Per Unit............ $1.71 $4.89
Excess of Public Offering Price Per Unit over Sponsor's Repurchase Price Per Unit $1.71 $4.89
Par Value Per Unit(4).............................................................. $100.00 $100.00
Calculation of Net Annual Interest Income Per Unit
Annual Interest Income........................................................ $5.3469 $6.6001
Less Estimated Annual Expense................................................. $0.2149 $0.1943
Net Annual Interest Income.................................................... $5.1320 $6.4058
Daily Rate of Accrual Per Unit..................................................... $0.01420 $0.01779
Trustee's Annual Fee per $1,000 principal(6)....................................... $1.3314 $1.6123
Estimated Current Return(5)........................................................ 5.12% 6.42%
Estimated Long Term Return(5)...................................................... 5.12% 6.54%
Evaluations for purpose of sale, purchase or redemption of Units are made as of
the close of trading on the New York Stock Exchange next following receipt by
John Nuveen & Co. Incorporated of an order for a sale or purchase of units or
receipt by the Trustee of units tendered for redemption.
</TABLE>
2
<PAGE>
ESSENTIAL INFORMATION REGARDING THE TRUST(S)
(CONTINUED)
<TABLE>
<CAPTION>
GENERAL INFORMATION
<S> <C>
Record Dates........................................See "Distributions to Unitholders" in Part One
Distribution Dates..................................See "Distributions to Unitholders" in Part One
Minimum Principal Distribution......................................................$0.10 per Unit
Date Trust Established...............................................................April 8, 1998
Mandatory Termination Date................See "Amendment and Termination of Indenture" in Part One
Minimum Value of Trust....................See "Amendment and Termination of Indenture" in Part One
Sponsor's Annual Evaluation Fee.........................$0.170 per $1000 principal amount of Bonds
</TABLE>
- ----------------------
(1) See "Public Offering Price" in Part One for the method by which the sales
charge is calculated.
(2) This amount represents cash held by the Trust (or an advancement of cash to
the Trust by the Trustee) which may amount to less than $0.01 per Unit and
is added to (or deducted from) the Public Offering Price.
(3) Units are offered at the Public Offering Price plus accrued interest to the
date of settlement (three business days after purchase). On the above date
there was added to the Public Offering Price of the U.S. Treasury Trust,
Series 6 and Insured Corporate Trust, Series 3, respectively, $100.27 and
$99.83, accrued interest to the settlement date of $0.03 and $0.04, for a
total price of $100.30 and $99.87, respectively.
(4) Par value per Unit is each Unit's pro rata share of aggregate principal
amount of Bonds in the Trust adjusted to reflect cash, if any, held in or
advanced to the Principal Account.
(5) See "Estimated Long Term Return and Estimated Current Return" in Part One
for an explanation of these returns.
(6) The Trustee's Annual Fee per $1000 principal amount of Bonds set forth
above is calculated for Unitholders electing the monthly plan of
distribution. The Trustee's Annual Fee per $1000 principal amount of Bonds
for U.S. Treasury Trust, Series 6 and Insured Corporate Trust, Series 3,
will be $1.2114 and $1.2723, respectively, under the quarterly distribution
option and $1.0164 and $1.0773, respectively, under the semi-annual
distribution option.
3
<PAGE>
<TABLE>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN U.S. TREASURY TRUST, SERIES 6 (INTERMEDIATE)
STATEMENT OF NET ASSETS
MARCH 31, 1999
<CAPTION>
<S> <C>
ASSETS:
Investments in securities, at market value
(Cost $6,107,920) (Note 1) ...................................................... $ 6,027,737
Accrued interest receivable ........................................................ 38,844
Organization costs (Note 1) ........................................................ 7,200
Cash ............................................................................... 20,249
-----------
Total assets ........................................................... 6,094,030
===========
LIABILITIES:
Accrued trustee and evaluator fees ................................................. 2,296
Total liabilities ..................................................... 2,296
-----------
Net assets, applicable to 60,000 units of fractional undivided
interest outstanding ............................................... $ 6,091,734
===========
NET ASSETS, REPRESENTED BY:
Cost to original investors of 60,000 units sold .................................... $ 6,180,783
Less initial underwriting commission (Note 1) .................................. (108,164)
-----------
6,072,619
Undistributed net investment income ................................................ 99,298
Unrealized depreciation of investments ............................................. (80,183)
-----------
$ 6,091,734
===========
<CAPTION>
NET ASSET VALUE PER UNIT:
NET ASSET VALUE PER UNIT
------------------------------
BEFORE
TYPE OF UNITS ACCRUED ACCRUED
INCOME DISTRIBUTION OUTSTANDING INTEREST INTEREST TOTAL
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Monthly................................... 31,821 $100.46 0.37 $100.83
Quarterly................................. 5,116 100.46 0.80 101.26
Semi-Annual............................... 23,063 100.46 2.09 102.55
------ ======= ==== =======
60,000
======
See accompanying notes to financial statements.
</TABLE>
4
<PAGE>
<TABLE>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN U.S. TREASURY TRUST, SERIES 6 (INTERMEDIATE)
STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS
FOR THE PERIOD APRIL 8, 1998 (COMMENCEMENT OF OPERATIONS)
THROUGH MARCH 31, 1999
<CAPTION>
<S> <C>
STATEMENT OF OPERATIONS
Investment income (Note 1):
Interest income ........................................................... $ 205,295
-----------
Expenses (Note 3):
Trustee fees and expenses ............................................. 4,283
Evaluator fees ........................................................ 822
Organization costs (Note 1) ........................................... 1,800
-----------
Total expenses ................................................... 6,905
-----------
Net investment income ........................................ 198,390
Net change in unrealized appreciation or
depreciation of investments ............................................... (80,183)
-----------
Net increase in net assets
from operations ............................................................. $ 118,207
===========
STATEMENT OF CHANGES IN NET ASSETS
Operations:
Net investment income ..................................................... $ 198,390
Net change in unrealized appreciation or
depreciation of investments ......................................... (80,183)
-----------
Net increase in net assets from operations ......................... 118,207
Issuance of additional units ................................................... 5,577,360
Distributions to unitholders from net investment income ........................ (99,092)
-----------
Total increase in net assets ................................................... 5,596,475
Net assets at beginning of period .............................................. 495,259
-----------
Net assets at end of period (including undistributed net income of $99,298) .... $ 6,091,734
===========
See accompanying notes to financial statements.
</TABLE>
5
<PAGE>
<TABLE>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN U.S. TREASURY TRUST, SERIES 6 (INTERMEDIATE)
SCHEDULE OF INVESTMENTS
MARCH 31, 1999
<CAPTION>
CARRYING
VALUE
AT MARKET
PRINCIPAL NAME OF ISSUER AND TITLE OF ISSUE COUPON MATURITY (BID PRICES)
<S> <C> <C> <C> <C>
$1,020,000 U.S. Treasury Note 6.375% Due 8-15-02 $1,058,087
180,000 U.S. Treasury Securities, 0.000% Due 8-15-02 151,434
Stripped Interest Payments (3)
1,020,000 U.S. Treasury Note 6.25% Due 2-15-03 1,057,291
180,000 U.S. Treasury Securities, 0.000% Due 2-15-03 147,240
Stripped Interest Payments (3)
1,080,000 U.S. Treasury Note 5.75% Due 8-15-03 1,102,615
120,000 U.S. Treasury Securities, 0.000% Due 8-15-03 95,772
Stripped Interest Payments (3)
1,080,000 U.S. Treasury Note 5.875% Due 2-15-04 1,112,065
120,000 U.S. Treasury Securities, 0.000% Due 2-15-04 93,072
Stripped Interest Payments (3)
900,000 U.S. Treasury Note 7.25% Due 8-15-04 982,971
300,000 U.S. Treasury Securities, 0.000% Due 8-15-04 227,190
---------- ----------
Stripped Interest Payments (3)
$6,000,000 $6,027,737
========== ==========
</TABLE>
See accompanying notes to Financial Statements and Notes to Schedule of
Investments.
For a discussion of the characteristics of bonds issued by various types of
issuers and of the risks associated with an investment therein, see "Composition
of Trusts" in Part One.
6
<PAGE>
<TABLE>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN INSURED CORPORATE TRUST, SERIES 3, (LONG-TERM)
STATEMENT OF NET ASSETS
March 31, 1999
<CAPTION>
<S> <C>
ASSETS:
Investments in securities, at market value
(Cost $44,013,097) (Note 1) .................................................. $ 43,195,175
Accrued interest receivable ..................................................... 807,123
Organization costs (Note 1) ..................................................... 53,328
------------
Total assets ........................................................ 44,055,626
============
LIABILITIES:
Advance from trustee ............................................................ 387,129
Accrued trustee and evaluator fees .............................................. 17,132
------------
Total liabilities .................................................. 404,261
------------
Net assets, applicable to 444,400 units of fractional undivided
interest outstanding ............................................ $ 43,651,365
============
NET ASSETS, REPRESENTED BY:
Cost to original investors of 444,400 units sold ................................ $ 46,217,173
Less initial underwriting commission (Note 1) ............................... (2,264,642)
------------
43,952,531
Undistributed net investment income ............................................. 516,756
Unrealized depreciation of investments .......................................... (817,922)
------------
$ 43,651,365
============
</TABLE>
<TABLE>
<CAPTION>
NET ASSET VALUE PER UNIT:
NET ASSET VALUE PER UNIT
------------------------------
BEFORE
TYPE OF UNITS ACCRUED ACCRUED
INCOME DISTRIBUTION OUTSTANDING INTEREST INTEREST TOTAL
<S> <C> <C> <C> <C>
Monthly............................... 312,720 $97.20 $0.54 $97.74
Quarterly............................. 40,498 97.20 1.07 98.27
Semi-Annual........................... 91,182 97.20 2.68 99.88
-------- ====== ===== ======
444,400
========
</TABLE>
See accompanying notes to financial statements.
7
<PAGE>
<TABLE>
<CAPTION>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN INSURED CORPORATE TRUST, SERIES 3 (LONG-TERM)
STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS
FOR THE PERIOD APRIL 8, 1998 (COMMENCEMENT OF OPERATIONS)
THROUGH MARCH 31, 1999
<S> <C>
STATEMENT OF OPERATIONS
Investment income (Note 1):
Interest income .............................................................. $ 1,638,591
------------
Expenses (Note 3):
Trustee fees and expenses ................................................ 34,173
Evaluator fees ........................................................... 6,351
Organization costs (Note 1) .............................................. 13,332
------------
Total expenses ...................................................... 53,856
------------
Net investment income ........................................... 1,584,735
Net change in unrealized appreciation or
depreciation of investments .................................................. (817,922)
------------
Net increase in net assets
from operations ............................................................... $ 766,813
============
STATEMENT OF CHANGES IN NET ASSETS
Operations:
Net investment income ........................................................ $ 1,584,735
Net change in unrealized appreciation or
depreciation of investments ................................................ (817,922)
------------
Net increase in net assets
from operations .............................................. 766,813
Issuance of additional units ...................................................... 42,668,508
Distributions to unitholders from net investment income ........................... (1,067,979)
------------
Total increase in net assets ...................................................... 42,367,342
Net assets at beginning of period ................................................. 1,284,023
------------
Net assets at end of period (including undistributed net income of $516,756) ...... $ 43,651,365
============
See accompanying notes to financial statements.
8
</TABLE>
<PAGE>
<TABLE>
NUVEEN UNIT TRUSTS, SERIES 9
NUVEEN INSURED CORPORATE TRUST, SERIES 3
SCHEDULE OF INVESTMENTS
MARCH 31, 1999
<CAPTION>
OPTIONAL
REDEMPTION RATINGS(2) CARRYING
-------------------- VALUE
PROVISIONS STANDARD AT MARKET
PRINCIPAL NAME OF ISSUER AND TITLE OF ISSUE (1) COUPON MATURITY & POOR'S MOODY'S (BID PRICES)
<S> <C> <C> <C> <C> <C> <C> <C>
$4,040,000 United States of America Treasury No Optional Call 0.000% Due 8-15-22 N/A N/A $989,800
Securities, Stripped Principal
Payments (3)
5,050,000 Bellsouth Telecommunications Company 2003 at $104.75 7.500% Due 6-15-33 AAA Aaa 5,334,063
5,050,000 Cincinnati Gas & Electric Company 2003 at $103.54 7.200% Due 10-01-23 AAA Aaa 5,289,875
5,050,000 New York Telephone Company 2004 at $103.06 7.250% Due 2-15-24 AAA Aaa 5,258,312
5,050,000 Pacific Bell Telephone Company 2003 at $103.37 7.375% Due 6-15-25 AAA Aaa 5,359,312
5,050,000 Public Service Electric and Gas 2003 at $102.74 7.000% Due 9-01-24 AAA Aaa 5,195,188
Company
5,050,000 Texas Utilities Electric Company 2003 at $103.35 7.375% Due 10-1-25 AAA Aaa 5,308,812
5,050,000 U.S. West Communications Company 2003 at $101.95 6.875% Due 9-15-33 AAA Aaa 5,024,750
5,050,000 Virginia Electric & Power Company 2003 at $103.16 7.500% Due 6-01-23 AAA Aaa 5,435,063
- ----------- -----------
$44,440,000 $43,195,175
=========== ===========
</TABLE>
See accompanying notes to Financial Statements and Notes to Schedule of
Investments.
9
<PAGE>
NOTES TO FINANCIAL STATEMENTS
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The Treasury Trust commenced operations on April 8, 1998 with the
initial deposit of 5,000 units having a value on that date of $495,259. The
Insured Corporate Trust also commenced operations on April 8, 1998 with the
initial deposit of 13,200 units having a value of $1,284.023.
The Trustee is responsible for maintaining the books and records of
each Trust on a cash basis and for safekeeping securities owned by each Trust.
The Sponsor is responsible for preparation of the financial statements in
accordance with generally accepted accounting principles based upon the books
and records provided by the Trustee. The following is a summary of the
significant accounting policies followed by each Trust.
Organizational and Offering Costs -- Each Trust (and therefore
Unitholders) will bear all or a portion of the estimated organizational and
offering costs which will be deferred and amortized over five years from the
Initial Date of Deposit or the life of the Trust, whichever comes first.
Security Valuation -- The Bonds are reflected at market value in the
accompanying statement of net assets. The Sponsor determines the market price of
the Bonds in each Trust (1) on the basis of current bid prices of the Bonds
obtained from dealers or brokers (including the Sponsor) who customarily deal in
bonds comparable to those held by the Trust, (2) if bid prices are not available
for any of the Bonds, on the basis of bid prices for comparable bonds, (3) by
causing the value of the Bonds to be determined by others engaged in the
practice of evaluating, quoting or appraising comparable bonds, or (4) by any
combination of the above.
Unit Valuation -- On the Date of Deposit, the Public Offering Price of
Units was determined by adding a sales charge to the Trustee's determination of
the offering price of the Bonds. The value of Units offered in the secondary
market maintained by the Sponsor is based upon the pro rata share of the bid
price of the Bonds, plus a sales charge determined in accordance with the table
set forth in Part One under the caption "Public Offering Price" based on the
number of years remaining to the maturity of each Bond and adjusted for cash, if
any, held or owed by such Trust.
The initial underwriting commission and investors' original cost of
Units, as shown on the statement of net assets, are based upon the assumption
that the maximum sales commission was charged for each initial purchase of
Units.
Income and Expenses -- Income and expenses are recognized on the
accrual basis of accounting. Gains and losses from Bond transactions are
determined on a specific identification basis.
2. INCOME TAX STATUS:
Each trust is not an association taxable as a corporation for Federal
income tax purposes, and, therefore, has recorded no provision for Federal
income taxes. Each unitholder is considered to be the owner of a pro rata
portion of the Trust under Subpart E, subchapter J of Chapter 1 of the Internal
Revenue Code of 1986 and will have a taxable event each time the Trust disposes
of a bond.
10
<PAGE>
3. OPERATING EXPENSES:
See "Operating Expenses" in Part One of this Prospectus for information
with respect to trustee and evaluator fees and expenses.
4. USE OF ESTIMATES:
The preparation of the Trust's financial statements in conformity with
generally accepted accounting principles requires the Sponsor to make estimates
and assumptions that affect the reported amounts of assets and liabilities at
the date of the financial statements and the reported amounts of increases and
decreases in net assets from operations during the reporting period.
NOTES TO SCHEDULE(S) OF INVESTMENTS
1. The Bonds are first subject to optional redemption in the years,
and at the prices shown. Unless otherwise indicated, the Bonds, except for Bonds
issued at a substantial original issue discount, are redeemable at declining
prices (but not below par value) in subsequent years. Original issue discount
bonds are generally redeemable at prices based on the issue price plus the
amount of original issue discount accreted to redemption plus, if applicable,
some premium, the amount of which will decline in subsequent years. The Bonds
may also be subject to sinking fund redemption without premium prior to the
dates shown.
Certain Bonds may be subject to redemption without premium prior to the
date shown pursuant to special or mandatory call provisions; for example, if
bond proceeds are not able to be used as contemplated, the project is condemned
or sold, or the project is destroyed and insurance proceeds are used to redeem
the bonds. (See Part One, "Composition of Trusts.")
The Trustee's determination of the offering price of Bonds in the Trust
may be greater or less than the amounts that may be received upon redemption or
maturity of such Bonds. Subject to rules concerning amortization of bond premium
and of original issue discount, gain or loss realized by the Trustee on
disposition of any Bonds will be recognized as taxable capital gain or loss by
Unitholders. (See Part One, "Tax Status of Unitholders.")
2. The ratings shown, which are not covered by the report of
independent public accountants, are those assigned as of the date of the
Schedule of Investments. Any Bonds insured by MBIA are rated AAA by Standard &
Poor's Corporation and/or Aaa by Moody's Investors Service, Inc.
3. This Security has been purchased at a deep discount from the par
value because there is no stated interest income thereon. Securities which pay
no interest are normally described as "zero coupon" securities. Over the life of
Securities purchased at a deep discount, the value of such Securities will
increase such that, upon maturity, the holders of such Securities will receive
100% of the principal amount thereof.
11
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors of John Nuveen & Co. Incorporated
and Unitholders of Nuveen Unit Trusts, Series 9:
We have audited the accompanying statements of net assets, including
the schedules of investments, of Nuveen Unit Trusts, Series 9 (comprising,
respectively, the Nuveen U.S. Treasury Trust, Series 6 (Intermediate) and Nuveen
Insured Corporate Trust, Series 3 (Long-Term)), as of March 31, 1999 and the
related statements of operations and changes in net assets for the period April
8, 1998 (commencement of operations) through March 31, 1999. These financial
statements are the responsibility of the Sponsor. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. Our procedures included
confirmation of securities owned as of March 31, 1999, by confirmation with the
Trustee. An audit also includes assessing the accounting principles used and
significant estimates made by the Sponsor, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of each of the Trusts
constituting the Nuveen Unit Trusts, Series 9, as of March 31, 1999, the results
of their operations and changes in their net assets for the period April 8, 1998
(commencement of operations) through March 31, 1999, in conformity with
generally accepted accounting principles.
ARTHUR ANDERSEN LLP
Chicago, Illinois
September 20, 1999
12
<PAGE>
PROSPECTUS -- PART TWO
Part Two must be accompanied by Part One.
----------------------------------------------------------------------
Sponsor John Nuveen & Co. Incorporated
333 West Wacker Drive
Chicago, Illinois 60606
312-917-7700
----------------------------------------------------------------------
Swiss Bank Tower
10 East 50th Street
New York, New York 10022
212-207-2000
----------------------------------------------------------------------
Trustee The Chase Manhattan Bank
4 New York Plaza
New York, New York 10004-2413
800-257-8787
----------------------------------------------------------------------
Legal Counsel Chapman and Cutler
to Sponsor 111 West Monroe Street
Chicago, Illinois 60603
----------------------------------------------------------------------
Legal Counsel Carter, Ledyard & Milburn
to Trustee 2 Wall Street
New York, New York 10005
----------------------------------------------------------------------
Independent Arthur Andersen LLP
Public Accountants 33 West Monroe Street
for the Trust Chicago, Illinois 60603
----------------------------------------------------------------------
Except as to the statements made herein furnished by the Trustee, the
Trustee has assumed no responsibility for the accuracy, adequacy and
completeness of the information contained in this Prospectus.
This Prospectus does not contain all of the information set forth in
the registration statement and exhibits relating thereto, filed with the
Securities and Exchange Commission, Washington, D.C., under the Securities Act
of 1933, and to which reference is made.
No person is authorized to give any information or to make any
representations not contained in this Prospectus; and any information or
representation not contained herein must not be relied upon as having been
authorized by the Trust, the Trustee or the Sponsor. This Prospectus does not
constitute an offer to sell, or a solicitation of an offer to buy, securities in
any state to any person to whom it is not lawful to make such offer in such
state. The Trust is registered as a Unit Investment Trust under the Investment
Company Act of 1940. Such registration does not imply that the Trust or any of
its Units has been guaranteed, sponsored, recommended or approved by the United
States or any state or agency or officer thereof.
