<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NATIONAL
INSURED
TRUST 263
Estimated Current Return
5.08% to 5.23%
as of 01/19/94
Estimated Long Term Return
5.11% to 5.26%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101X 468 Monthly Payment Option
67101X 476 Quarterly Payment Option
67101X 484 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Los Angeles
New York, New York 10022 Philadelphia
Telephone: 212.207.2000 Phoenix
San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NATIONAL INSURED TRUST 263
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JANUARY 20, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$1,000,000 California Statewide Communities Development Authority, 2003 at 102 AAA Aaa
Certificates of Participation, Sutter Health Obligated
Group, 5.50% Due 8/15/23.
1,000,000 District of Columbia, University Revenue Bonds (The 2003 at 102 AAA Aaa
Georgetown University Issue), Series 1993, 5.375% Due
4/1/23.
750,000 Housing Authority of Cobb County (Georgia), Multifamily 2004 at 102 AAA Aaa
Mortgage Revenue Refunding Bonds, Series 1994A (FHA
Insured Mortgage Loan-Garrison Plantation Apartments,
5.90% Due 7/1/26. (When issued.)
1,000,000 The Illinois State Toll Highway Authority, Toll Highway 2003 at 102 AAA Aaa
Priority Revenue Bonds, 1992 Series A, 5.75% Due 1/1/17.
(Original issue discount bonds delivered on or about
October 14, 1992 at a price of 91.469% of principal
amount.)
500,000 Metropolitan Pier and Exposition Authority (Illinois), No Optional AAA Aaa
McCormick Place Expansion Project Bonds, Series 1992A, Call
0.00% Due 6/15/15. (Original issue discount bonds
delivered on or about January 5, 1993 at a price of
22.783% of principal amount.)
750,000 Illinois Development Finance Authority, Pollution Control 2003 at 102 AAA Aaa
Revenue Refunding Bonds (Central Illinois Public Service
Company), 1993 Series B-2, 5.90% Due 6/1/28.
1,000,000 Massachusetts Bay Transportation Authority, General 2003 at 102 AAA Aaa
Transportation System Bonds, 1993 Series A Refunding,
5.50% Due 3/1/22. (General Obligation Bonds.)
1,000,000 Brazos River Authority (Texas), Collateralized Revenue 2003 at 102 AAA Aaa
Refunding Bonds (Houston Lighting & Power Company
Project), Series 1993, 5.60% Due 12/1/17.
500,000 Public Utility District No. 1 of Snohomish County, 2003 at 102 AAA Aaa
Washington, Generation System Revenue Bonds, Series 1993,
6.00% Due 1/1/18.
500,000 Municipality of Metropolitan Seattle, Washington, Sewer 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series Z, 5.50% Due 1/1/33.
1,000,000 Washington Public Power Supply System, Nuclear Project No. 3 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1993B, 5.60% Due 7/1/15.
1,000,000 Wisconsin Health and Educational Facilities Authority 2003 at 102 AAA Aaa
Revenue Bonds (Sisters of the Sorrowful Mother-Ministry
Corporation), Series 1993C, 5.50% Due 8/15/19.
----------
$10,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-999 $5,000-$99,999 4.90 % $ 102.11 5.08% 5.11% 5.13%
1,000-2,499 100,000-249,999 4.50 101.69 5.10 5.13 5.15
2,500-4,999 250,000-499,999 4.25 101.42 5.11 5.14 5.16
5,000-9,999 500,000-999,999 3.50 100.63 5.15 5.19 5.20
10,000 and over 1,000,000 and over 3.00 100.11 5.18 5.21 5.23
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-999 $5,000-$99,999 4.90 % $ 102.11 5.11% 5.14% 5.15%
1,000-2,499 100,000-249,999 4.50 101.69 5.13 5.16 5.18
2,500-4,999 250,000-499,999 4.25 101.42 5.14 5.17 5.19
5,000-9,999 500,000-999,999 3.50 100.63 5.18 5.21 5.23
10,000 and over 1,000,000 and over 3.00 100.11 5.21 5.24 5.26
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
National Insured Trust 1994 per Year +
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------ --------------
Record Date*.......................... 4/1 5/1 8/1 11/1
Distribution Date..................... 4/15 5/15 8/15 11/15
- ----------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .2468(1) $ 5.1860
-------- $.4321 every month --------
Quarterly Distribution Plan........... $ .2468(1) $ .4348(2) $ 1.3045 $ 1.3045 $ 5.2180
Semi-Annual Distribution Plan......... $ .2468(1) $ .4364(3) $ 2.6185 $ 5.2370
- ----------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected.
(2) The second distribution under the quarterly distribution plan represents a 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.10 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01441 per unit per day.
Consequently, on the first Record Date (04/01/94), accrued interest will total
$1.0231 per unit for the 71-day period. Because a substantial portion of this
interest will not yet be due from the issuers of the bonds in the Fund, the
first payment to all Unitholders of Record on 04/01/94 is $.2468, and the
remaining $.7763 of accrued interest will remain an asset of the Trust and be
distributed in subsequent periods as portfolio bonds mature, or are redeemed, or
sold and the accrued interest on these bonds is collected. After the first
Record Date daily rates of accrual are:
Monthly - $0.01441 Quarterly - $0.01449
Semi-Annual - $0.01455
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 12 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 7 states and the District of Columbia.
- -------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 10.3
Washington D.C. 10.1
Georgia 8.3
Illinois 19.0
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Massachusetts 10.3
Texas 10.5
Washington 21.2
Wisconsin 10.3
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 27.3 years.
The first bond is scheduled to mature in June, 2015, with the last bond maturity
being January, 2033.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-351-4100
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
713
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NEW YORK
INSURED
TRUST 211
Estimated Current Return
4.87% to 5.01%
as of 01/19/94
Estimated Long Term Return
4.89% to 5.03%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H5 403 Monthly Payment Option
6706H5 411 Quarterly Payment Option
6706H5 429 Semi-Annual Payment Option
Registered in New York, Connecticut & Florida
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Los Angeles
New York, New York 10022 Philadelphia
Telephone: 212.207.2000 Phoenix
San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NEW YORK INSURED TRUST 211
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JANUARY 20, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 525,000 New York State Energy Research and Development Authority, 2003 at 102 AAA Aaa
Facilities Refunding Revenue Bonds, Series 1993B
(Consolidated Edison Company of New York, Inc. Project),
5.25% Due 8/15/20.
395,000 New York Local Government Assistance Corporation (A Public 2004 at 100 AAA Aaa
Benefit Corporation of the State of New York), Series
1993D Bonds, 5.00% Due 4/1/23. (Original issue discount
bonds delivered on or about December 23, 1993 at a price
of 93.445% of principal amount.)
525,000 New York State Medical Care Facilities Finance Agency, 2004 at 102 AAA Aaa
Mental Health Services Facilities Improvement Revenue
Bonds, 1993 Series F Refunding, 5.375% Due 2/15/14.
(General Obligation Bonds.)
525,000 New York State Urban Development Corporation, Correctional 2003 at 102 AAA Aaa
Capital Facilities Revenue Bonds, 1993 Refunding Series,
5.50% Due 1/1/15. (Original issue discount bonds delivered
on or about May 20, 1993 at a price of 93.637% of
principal amount.)
275,000 The City of New York, General Obligation Bonds, Fiscal 1994 2003 at 101 AAA Aaa
Series D, 5.75% Due 8/15/13. 1/2
250,000 The City of New York (New York), General Obligation Bonds, 2002 at 101 AAA Aaa
Fiscal 1993 Series A, 6.25% Due 8/1/17. 1/2
300,000 Metropolitan Transportation Authority (New York), Commuter 2003 at 102 AAA Aaa
Facilities 1987 Service Contract Bonds, Series 7, 5.625%
Due 7/1/16.
205,000 Metropolitan Transportation Authority (New York), Transit No Optional AAA Aaa
Facilities 1987 Service Contract Bonds, Series 7, Call
105M-0.00% Due 7/1/11, (Original issue discount bonds
delivered on or about September 21, 1993 at a price of
36.187% of principal amount.)
100M-0.00% Due 7/1/12. (Original issue discount bonds
delivered on or about September 21, 1993 at a price of
33.866% of principal amount.)
500,000 New York City (New York), Municipal Water Finance Authority, 2004 at 101 AAA Aaa
Water and Sewer System Revenue Bonds, Fixed Rate Fiscal
1994 Series B, 5.50% Due 6/15/19.
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-999 $5,000-$99,999 4.90 % $ 102.23 4.87% 4.90% 4.92%
1,000-2,499 100,000-249,999 4.50 101.80 4.89 4.92 4.94
2,500-4,999 250,000-499,999 4.25 101.54 4.90 4.93 4.95
5,000-9,999 500,000-999,999 3.50 100.75 4.94 4.97 4.99
10,000 and over 1,000,000 and over 3.00 100.23 4.96 4.99 5.01
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-999 $5,000-$99,999 4.90 % $ 102.23 4.89% 4.92% 4.94%
1,000-2,499 100,000-249,999 4.50 101.80 4.91 4.94 4.96
2,500-4,999 250,000-499,999 4.25 101.54 4.92 4.95 4.97
5,000-9,999 500,000-999,999 3.50 100.75 4.96 4.99 5.01
10,000 and over 1,000,000 and over 3.00 100.23 4.99 5.02 5.03
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
New York Insured Trust 1994 per Year +
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------ --------------
Record Date*.......................... 4/1 5/1 8/1 11/1
Distribution Date..................... 4/15 5/15 8/15 11/15
- ----------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .2560(1) $ 4.9740
-------- $.4145 every month --------
Quarterly Distribution Plan........... $ .2560(1) $ .4171(2) $ 1.2515 $ 1.2515 $ 5.0060
Semi-Annual Distribution Plan......... $ .2560(1) $ .4187(3) $ 2.5125 $ 5.0250
- ----------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected.
(2) The second distribution under the quarterly distribution plan represents a 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.10 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01382 per unit per day.
Consequently, on the first Record Date (04/01/94), accrued interest will total
$0.9812 per unit for the 71-day period. Because a substantial portion of this
interest will not yet be due from the issuers of the bonds in the Fund, the
first payment to all Unitholders of Record on 04/01/94 is $.2560, and the
remaining $.7252 of accrued interest will remain an asset of the Trust and be
distributed in subsequent periods as portfolio bonds mature, or are redeemed, or
sold and the accrued interest on these bonds is collected. After the first
Record Date daily rates of accrual are:
Monthly - $0.01382 Quarterly - $0.01391
Semi-Annual - $0.01396
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
713
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.3 years.
The first bond is scheduled to mature in July, 2011, with the last bond maturity
being April, 2023.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-351-4100
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
