<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
CONNECTICUT
TRUST 273
(CONNECTICUT TRADITIONAL TRUST 273)
Estimated Current Return
5.31% to 5.53%
as of 05/08/95
Estimated Long Term Return
5.38% to 5.60%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
67094E 675 Monthly Payment Option
67094E 683 Quarterly Payment Option
67094E 691 Semi-Annual Payment Option
Registered in Connecticut
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 Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--CONNECTICUT TRADITIONAL TRUST 273
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 9, 1995
- --------------------------------------------------------------------------------
<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>
--------------------------------------------------------------------------------------------------------------------------
$ 215,000 State of Connecticut, Special Tax Obligation Bonds, 2004 at 101 AAA Aaa
Transportation Infrastructure Purposes, 1994 Series A, 1/2
5.65% Due 4/1/12. (FGIC Insured.)
500,000 Connecticut Development Authority, Water Facilities 2004 at 102 AAA Aaa
Refunding Revenue Bonds (Bridgeport Hydraulic Company
Project-1994A Series), 6.05% Due 3/1/29. (MBIA Insured.)
500,000 State of Connecticut Health and Educational Facilities 2004 at 102 AAA Aaa
Authority, Revenue Bonds, New Britain General Hospital
Issue, Series B, 6.00% Due 7/1/24. (AMBAC Insured.)
500,000 State of Connecticut, Health and Educational Facilities 2003 at 102 AAA Aaa
Authority, Revenue Bonds, Saint Francis Hospital and
Medical Center Issue, Series C, 5.00% Due 7/1/23. (FGIC
Insured.)
500,000 South Central Connecticut Regional Water Authority, Water 2003 at 102 AAA Aaa
System Revenue Bonds, Eleventh Series, 5.75% Due 8/1/12.
(FGIC Insured.)
500,000 City of Stamford, Connecticut, General Obligation Bonds, 2004 at 102 AAA Aaa
Issue of 1995, 5.50% Due 3/15/15.
260,000 Town of Westport, Connecticut, General Obligation Bonds 2003 at 102 -- Aaa
Issue of 1994, 5.75% Due 6/15/14.
525,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2005 at 101 AAA Aaa
1995 (General Obligation Bonds.), 5.375% Due 7/1/22. 1/2
(Original issue discount bonds delivered on or about May
4, 1995 at a price of 93.916% of principal amount.)(MBIA
Insured.)
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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>
50-499 $5,000-$49,999 4.90 % $ 101.81 5.31% 5.34% 5.36%
500-999 50,000-99,999 4.75 101.65 5.32 5.35 5.37
1,000-2,499 100,000-249,999 4.50 101.38 5.34 5.37 5.39
2,500-4,999 250,000-499,999 4.25 101.12 5.35 5.38 5.40
5,000-9,999 500,000-999,999 3.50 100.33 5.39 5.42 5.44
10,000-24,999 1,000,000- 2,499,999 3.00 99.81 5.42 5.45 5.47
25,000-49,999 2,500,000- 4,999,999 2.50 99.30 5.45 5.48 5.50
50,000 and over 5,000,000 and over 2.00 98.80 5.48 5.51 5.53
</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>
50-499 $5,000-$49,999 4.90 % $ 101.81 5.38% 5.41% 5.43%
500-999 50,000-99,999 4.75 101.65 5.39 5.42 5.44
1,000-2,499 100,000-249,999 4.50 101.38 5.41 5.43 5.45
2,500-4,999 250,000-499,999 4.25 101.12 5.42 5.45 5.46
5,000-9,999 500,000-999,999 3.50 100.33 5.46 5.49 5.51
10,000-24,999 1,000,000- 2,499,999 3.00 99.81 5.49 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 99.30 5.52 5.55 5.57
50,000 and over 5,000,000 and over 2.00 98.80 5.55 5.58 5.60
</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
Connecticut Traditional Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3304(1) $ 5.4093
-------- $.4506 every month --------
Quarterly Distribution Plan........... $ .3304(1) $ .9066(2) $ 1.3599 $ 1.3599 $ 1.3599 $ 5.4413
Semi-Annual Distribution Plan......... $ .3304(1) $ 2.2740(3) $ 2.7288 $ 5.4603
- ---------------------------------------------------------------------------------------------------------------------------------
<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. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-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 $.11 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 $.01502 per unit per day.
Consequently, on the first Record Date (06/01/95), accrued interest will total
$0.3304 per unit for the 22-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/95 is $.3304 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01502 Quarterly - $0.01511
Semi-Annual - $0.01516
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.
- --------------------------------------------------------------------------------
801
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 24.8 years.
The first bond is scheduled to mature in April, 2012, with the last bond
maturity being March, 2029.
- -------------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------------
<TABLE>
<S> <C> <C>
Rating Percent of Portfolio
Category Par Value
- --------------------------------------------------------------------
AAA 100%
---
100%
</TABLE>
- -------------------------------------------------------
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
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
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
SHORT INTERMEDIATE
INSURED
TRUST 41
Estimated Current Return
4.45% to 4.57%
as of 05/08/95
Estimated Long Term Return
4.72% to 4.85%
90,000 units in a
diversified $9,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A0 528 Monthly Payment Option
6710A0 536 Quarterly Payment Option
6710A0 544 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 Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, SHORT INTERMEDIATE INSURED TRUST 41
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 9, 1995
- --------------------------------------------------------------------------------
<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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 The Regents of the University of California, Refunding No Optional AAA Aaa
Revenue Bonds (Multiple Purpose Projects), Series B, 4.10% Call
Due 9/1/00.
500,000 State of Connecticut, Special Tax Obligation Refunding No Optional AAA Aaa
Bonds, Transportation Infrastructure Purposes, 1993 Series Call
B, 4.00% Due 10/1/00.
500,000 City of Chicago (Illinois), General Obligation Bonds, No Optional AAA Aaa
Refunding Series 1993B, 4.40% Due 1/1/00. Call
1,000,000 Indiana Municipal Power Agency, Power Supply System No Optional AAA Aaa
Refunding Revenue Bonds, 1993 Series B, 5.125% Due 1/1/01. Call
500,000 Commonwealth of Kentucky, State Property and Buildings No Optional AAA Aaa
Commission, Revenue and Revenue Refunding Bonds, Project Call
No. 54, 5.10% Due 9/1/00.
900,000 University of Kentucky, Community Colleges Educational No Optional AAA Aaa
Buildings, Refunding Revenue Bonds, Second Series, 4.50% Call
Due 5/1/00.
900,000 Prince George's County, Maryland, General Obligation No Optional AAA Aaa
Consolidated Public Improvement Bonds, Series 1995, 5.00% Call
Due 1/1/00. (When issued.)
900,000 Nebraska Public Power District, Electric System Revenue No Optional AAA Aaa
Bonds, 1993 Series A, 4.50% Due 1/1/00. Call
500,000 Omaha Public Power District (Nebraska), Electric System No Optional AAA Aaa
Revenue Bonds, 1993, Series A, 4.85% Due 2/1/00. Call
900,000 Dormitory Authority of the State of New York, State No Optional AAA Aaa
University Educational Facilities Revenue Bonds, Series Call
1993C, 5.10% Due 5/15/00.
900,000 New York State Urban Development Corporation, Correctional No Optional AAA Aaa
Facilities Revenue Bonds, 1993A Refunding Series, 4.80% Call
Due 1/1/00.
500,000 Port of Seattle, Washington, Revenue Refunding Bonds, Series No Optional AAA Aaa
1994C, 4.20% Due 7/1/00. Call
500,000 Washington Public Power Supply System, Nuclear Project No. 2 No Optional AAA Aaa
Refunding Revenue Bonds, Series 1993B, 5.00% Due 7/1/00. Call
----------
$9,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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>
50-499 $5,000-$49,999 3.00 % $ 101.52 4.45% 4.49% 4.50%
500-999 50,000-99,999 2.80 101.31 4.46 4.49 4.51
1,000-2,499 100,000-249,999 2.60 101.10 4.47 4.50 4.52
2,500-4,999 250,000-499,999 2.35 100.84 4.48 4.52 4.53
5,000-9,999 500,000-999,999 2.10 100.58 4.50 4.53 4.55
10,000-24,999 1,000,000- 2,499,999 1.85 100.33 4.51 4.54 4.56
25,000-49,999 2,500,000- 4,999,999 1.80 100.27 4.51 4.54 4.56
50,000 and over 5,000,000 and over 1.50 99.97 4.52 4.56 4.57
</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>
50-499 $5,000-$49,999 3.00 % $ 101.52 4.72% 4.76% 4.77%
500-999 50,000-99,999 2.80 101.31 4.73 4.77 4.78
1,000-2,499 100,000-249,999 2.60 101.10 4.74 4.78 4.79
2,500-4,999 250,000-499,999 2.35 100.84 4.75 4.79 4.80
5,000-9,999 500,000-999,999 2.10 100.58 4.77 4.81 4.82
10,000-24,999 1,000,000- 2,499,999 1.85 100.33 4.78 4.82 4.83
25,000-49,999 2,500,000- 4,999,999 1.80 100.27 4.78 4.82 4.83
50,000 and over 5,000,000 and over 1.50 99.97 4.80 4.84 4.85
</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
Short Intermediate Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .2763(1) $ 4.5217
-------- $.3768 every month --------
Quarterly Distribution Plan........... $ .2763(1) $ .7584(2) $ 1.1376 $ 1.1376 $ 1.1376 $ 4.5537
Semi-Annual Distribution Plan......... $ .2763(1) $ 1.9050(3) $ 2.2860 $ 4.5727
- ---------------------------------------------------------------------------------------------------------------------------------
<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. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-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 $.09 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 $.01256 per unit per day.
Consequently, on the first Record Date (06/01/95), accrued interest will total
$0.2763 per unit for the 22-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/95 is $.2763 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01256 Quarterly - $0.01264
Semi-Annual - $0.01270
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 13 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 9 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 4.8
Connecticut 4.7
Illinois 5.2
Indiana 12.1
Kentucky 15.5
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Maryland 10.6
Nebraska 15.3
New York 21.0
Washington 10.8
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 5.0 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2000................................. 8,000 88.9%
2001................................. 1,000 11.1
</TABLE>
- -------------------------------------------------
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.
- -------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------
* 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
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
801
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
ARIZONA
INSURED
TRUST 39
Estimated Current Return
5.26% to 5.48%
as of 05/08/95
Estimated Long Term Return
5.37% to 5.60%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101J 469 Monthly Payment Option
67101J 477 Quarterly Payment Option
67101J 485 Semi-Annual Payment Option
Registered in Arizona
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 Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, ARIZONA INSURED TRUST 39
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 9, 1995
- --------------------------------------------------------------------------------
<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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 Arizona Municipal Financing Program of 1992, Refunding 2003 at 102 AAA Aaa
Certificates of Participation, Series 4, 5.50% Due 8/1/19.
500,000 City of Phoenix Civic Improvement Corporation (Arizona), 2004 at 102 AAA Aaa
Wastewater System Lease Revenue Refunding Bonds, Series
1993, 5.00% Due 7/1/18.
500,000 The Industrial Development Authority of the County of Pima, No Optional AAA Aaa
Arizona, Health Care System Revenue Bonds, Carondelet Call
Health Care Corporation of Arizona Issue, Series 1993,
5.25% Due 7/1/12.
500,000 City of Tucson, Arizona, General Obligation Refunding Bonds, 2005 at 101 AAA Aaa
Series 1995, 5.50% Due 7/1/12.
500,000 City of Tucson, Arizona, Senior Lien Street and Highway User 2005 at 101 AAA Aaa
Revenue Bonds, Series 1994-A (1995), 5.35% Due 7/1/14.
500,000 University Medical Center Corporation (Tucson, Arizona), 2003 at 102 AAA Aaa
Hospital Revenue Refunding Bonds, Series 1993, 5.00% Due
7/1/21. (Original issue discount bonds delivered on or
about June 8, 1993 at a price of 90.122% of principal
amount.)
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2004 at 101 AAA Aaa
1994 (General Obligation Bonds), 1/2
195M-6.45% Due 7/1/17,
305M-6.50% Due 7/1/23.
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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>
50-499 $5,000-$49,999 4.90 % $ 99.25 5.26% 5.30% 5.31%
500-999 50,000-99,999 4.75 99.10 5.27 5.30 5.32
1,000-2,499 100,000-249,999 4.50 98.84 5.28 5.32 5.34
2,500-4,999 250,000-499,999 4.25 98.58 5.30 5.33 5.35
5,000-9,999 500,000-999,999 3.50 97.81 5.34 5.37 5.39
10,000-24,999 1,000,000- 2,499,999 3.00 97.31 5.37 5.40 5.42
25,000-49,999 2,500,000- 4,999,999 2.50 96.81 5.40 5.43 5.45
50,000 and over 5,000,000 and over 2.00 96.32 5.42 5.46 5.48
</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>
50-499 $5,000-$49,999 4.90 % $ 99.25 5.37% 5.41% 5.43%
500-999 50,000-99,999 4.75 99.10 5.38 5.42 5.44
1,000-2,499 100,000-249,999 4.50 98.84 5.40 5.43 5.45
2,500-4,999 250,000-499,999 4.25 98.58 5.41 5.45 5.46
5,000-9,999 500,000-999,999 3.50 97.81 5.45 5.49 5.51
10,000-24,999 1,000,000- 2,499,999 3.00 97.31 5.48 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 96.81 5.51 5.55 5.57
50,000 and over 5,000,000 and over 2.00 96.32 5.54 5.58 5.60
</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
Arizona Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3190(1) $ 5.2236
-------- $.4350 every month --------
Quarterly Distribution Plan........... $ .3190(1) $ .8754(2) $ 1.3131 $ 1.3131 $ 1.3131 $ 5.2556
Semi-Annual Distribution Plan......... $ .3190(1) $ 2.1975(3) $ 2.6370 $ 5.2746
- ---------------------------------------------------------------------------------------------------------------------------------
<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. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-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 $.01450 per unit per day.
Consequently, on the first Record Date (06/01/95), accrued interest will total
$0.3190 per unit for the 22-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/95 is $.3190 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01450 Quarterly - $0.01459
Semi-Annual - $0.01465
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.
- --------------------------------------------------------------------------------
801
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 21.8 years.
The first bond is scheduled to mature in July, 2012, with the last bond maturity
being July, 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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
* 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
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NEW YORK
INSURED
TRUST 235
Estimated Current Return
5.39% to 5.61%
as of 05/08/95
Estimated Long Term Return
5.50% to 5.71%
40,000 units in a
diversified $4,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101K 342 Monthly Payment Option
67101K 359 Quarterly Payment Option
67101K 367 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 Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NEW YORK INSURED TRUST 235
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 9, 1995
- --------------------------------------------------------------------------------
<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>
--------------------------------------------------------------------------------------------------------------------------
$ 290,000 Dormitory Authority of the State of New York, University of 2004 at 102 AAA Aaa
Rochester, Strong Memorial Hospital Revenue Bonds, Series
1994, 5.90% Due 7/1/17.
600,000 New York Local Government Assistance Corporation, Series 2005 at 102 AAA Aaa
1995A Bonds, 6.00% Due 4/1/24.
600,000 New York State Medical Care Facilities Finance Agency, 2004 at 102 AAA Aaa
Mental Health Services Facilities Improvement Revenue
Bonds, 1994 Series E, 6.375% Due 8/15/14. (General
Obligation Bonds.)
600,000 New York State Thruway Authority, General Revenue Bonds, 2005 at 102 AAA Aaa
Series C, 6.00% Due 1/1/25.
600,000 New York State Urban Development Corporation, Correctional 2004 at 102 AAA Aaa
Capital Facilities Revenue Bonds, Series 4, 5.375% Due
1/1/23. (Original issue discount bonds delivered on or
about December 29, 1993 at a price of 94.25% of principal
amount.)
110,000 The City of New York (New York), General Obligation Bonds, No Optional AAA Aaa
Fiscal 1993 Series E, 0.00% Due 5/15/19. (Original issue Call
discount bonds delivered on or about May 27, 1993 at a
price of 19.479% of principal amount.)
600,000 Metropolitan Transportation Authority (New York), Transit 2004 at 101 AAA Aaa
Facilities Revenue Bonds, Series O, 6.00% Due 7/1/24. 1/2
(Original issue discount bonds delivered on or about July
12, 1994 at a price of 94.875% of principal amount.)
600,000 Triborough Bridge and Tunnel Authority (New York), General No Optional AAA Aaa
Purpose Revenue Bonds, Series 1994A, 4.75% Due 1/1/14. Call
----------
$4,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. 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>
50-499 $5,000-$49,999 4.90 % $ 99.90 5.39% 5.42% 5.44%
500-999 50,000-99,999 4.75 99.75 5.40 5.43 5.45
1,000-2,499 100,000-249,999 4.50 99.49 5.41 5.45 5.46
2,500-4,999 250,000-499,999 4.25 99.23 5.43 5.46 5.48
5,000-9,999 500,000-999,999 3.50 98.46 5.47 5.50 5.52
10,000-24,999 1,000,000- 2,499,999 3.00 97.95 5.50 5.53 5.55
25,000-49,999 2,500,000- 4,999,999 2.50 97.45 5.53 5.56 5.58
50,000 and over 5,000,000 and over 2.00 96.95 5.56 5.59 5.61
</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>
50-499 $5,000-$49,999 4.90 % $ 99.90 5.50% 5.53% 5.54%
500-999 50,000-99,999 4.75 99.75 5.50 5.53 5.55
1,000-2,499 100,000-249,999 4.50 99.49 5.52 5.55 5.57
2,500-4,999 250,000-499,999 4.25 99.23 5.53 5.56 5.58
5,000-9,999 500,000-999,999 3.50 98.46 5.58 5.61 5.63
10,000-24,999 1,000,000- 2,499,999 3.00 97.95 5.61 5.64 5.66
25,000-49,999 2,500,000- 4,999,999 2.50 97.45 5.64 5.67 5.68
50,000 and over 5,000,000 and over 2.00 96.95 5.66 5.69 5.71
</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 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3289(1) $ 5.3856
-------- $.4485 every month --------
Quarterly Distribution Plan........... $ .3289(1) $ .9024(2) $ 1.3536 $ 1.3536 $ 1.3536 $ 5.4176
Semi-Annual Distribution Plan......... $ .3289(1) $ 2.2650(3) $ 2.7180 $ 5.4366
- ---------------------------------------------------------------------------------------------------------------------------------
<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. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-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 $.01495 per unit per day.
Consequently, on the first Record Date (06/01/95), accrued interest will total
$0.3289 per unit for the 22-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/95 is $.3289 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01495 Quarterly - $0.01504
Semi-Annual - $0.01510
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.
- --------------------------------------------------------------------------------
801
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.3 years.
The first bond is scheduled to mature in January, 2014, with the last bond
maturity being January, 2025.
- -------------------------------------------------------
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
* 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
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
