<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NATIONAL
INSURED
TRUST 297
Estimated Current Return
5.21% to 5.42%
as of 06/06/95
Estimated Long Term Return
5.26% to 5.48%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A4 108 Monthly Payment Option
6710A4 116 Quarterly Payment Option
6710A4 124 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, NATIONAL INSURED TRUST 297
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 7, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 460,000 The Special Care Facilities Financing Authority of the City 2005 at 102 AAA Aaa
of Birmingham (Alabama), Baptist Medical Centers, Revenue
Bonds, Series 1995-B (Baptist Health System, Inc.), 5.875%
Due 11/15/20.
525,000 California Health Facilities Financing Authority, Insured 2004 at 102 AAA Aaa
Health Facility Refunding Revenue Bonds (Catholic
Healthcare West), 1994 Series B, 5.00% Due 7/1/21.
(Original issue discount bonds delivered on or about
January 27, 1994 at a price of 93.359% of principal
amount.)
850,000 Brea Redevelopment Agency (Orange County, California), 1993 2003 at 102 AAA Aaa
Tax Allocation Refunding Bonds (Redevelopment Project AB),
5.75% Due 8/1/23.
100,000 State of Florida, Full Faith and Credit, Department of 2005 at 101 AAA Aaa
Transportation, Right-of-Way Acquisition and Bridge
Construction Bonds, Series 1995, 5.875% Due 7/1/24.
(General Obligation Bonds.)
100,000 Hillsborough County Aviation Authority, Florida, Tampa 2003 at 102 AAA Aaa
International Airport Revenue Refunding Bonds, 1993 Series
B, 5.50% Due 10/1/13.
100,000 Orange County (Florida), Health Facilities Authority, 2005 at 102 AAA Aaa
Hospital Revenue Bonds, Series 1995 (Adventist Health
System/Sunbelt Obligated Group), 5.50% Due 11/15/15. (When
issued.)
1,000,000 City of Chicago (Illinois), Chicago-O'Hare International 2004 at 102 AAA Aaa
Airport, General Airport Second Lien, Revenue Refunding
Bonds, 1993 Series C, 5.00% Due 1/1/18.
1,000,000 Illinois Health Facilities Authority, Revenue Bonds, Series 2004 at 102 AAA Aaa
1994A (Northwestern Memorial Hospital), 6.00% Due 8/15/24.
215,000 Metropolitan Pier and Exposition Authority (Illinois), No Optional AAA Aaa
McCormick Place Expansion Project Bonds, Series 1994B, Call
0.00% Due 6/15/20. (Original issue discount bonds
delivered on or about June 23, 1994 at a price of 18.05%
of principal amount.)
1,500,000 City of Cedar Rapids, Iowa, Pollution Control Revenue 2003 at 102 AAA Aaa
Refunding Bonds (Iowa Electric Light and Power Company
Project), Series 1993, 5.50% Due 11/1/23.
1,000,000 Massachusetts Bay Transportation Authority, General 2004 at 102 AAA Aaa
Transportation System Bonds, 1994 Series B Bonds, 5.90%
Due 3/1/24. (General Obligation Bonds.)
500,000 Cedar Springs Public Schools, Counties of Kent and Newaygo, 2004 at 101 AAA Aaa
State of Michigan, 1995 School Building and Site Bonds, 1/2
5.875% Due 5/1/24. (Original issue discount bonds
delivered on or about March 1, 1995 at a price of 94.348%
of principal amount.)(General Obligation Bonds.)
1,000,000 The Pollution Control Financing Authority of Salem County 2003 at 102 AAA Aaa
(New Jersey), Pollution Control Revenue Refunding Bonds,
1993 Series C (Public Service Electric and Gas Company
Project), 5.55% Due 11/1/33.
900,000 Washington Public Power Supply System, Nuclear Project No. 3 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1993C, 5.50% Due 7/1/18.
750,000 Wisconsin Health and Educational Facilities Authority 2003 at 102 AAA Aaa
Revenue Bonds, Series 1993 (Aurora Health Care Obligated
Group), 5.25% Due 8/15/23. (Original issue discount bonds
delivered on or about December 8, 1993 at a price of
92.911% of principal amount.)
----------
$10,000,000
----------
----------
</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 % $ 100.70 5.21% 5.24% 5.26%
500-999 50,000-99,999 4.75 100.55 5.21 5.25 5.26
1,000-2,499 100,000-249,999 4.50 100.28 5.23 5.26 5.28
2,500-4,999 250,000-499,999 4.25 100.02 5.24 5.27 5.29
5,000-9,999 500,000-999,999 3.50 99.24 5.28 5.31 5.33
10,000-24,999 1,000,000- 2,499,999 3.00 98.73 5.31 5.34 5.36
25,000-49,999 2,500,000- 4,999,999 2.50 98.23 5.34 5.37 5.39
50,000 and over 5,000,000 and over 2.00 97.72 5.36 5.40 5.42
</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 % $ 100.70 5.26% 5.30% 5.32%
500-999 50,000-99,999 4.75 100.55 5.27 5.30 5.32
1,000-2,499 100,000-249,999 4.50 100.28 5.28 5.32 5.34
2,500-4,999 250,000-499,999 4.25 100.02 5.29 5.33 5.35
5,000-9,999 500,000-999,999 3.50 99.24 5.34 5.38 5.39
10,000-24,999 1,000,000- 2,499,999 3.00 98.73 5.36 5.40 5.42
25,000-49,999 2,500,000- 4,999,999 2.50 98.23 5.39 5.43 5.45
50,000 and over 5,000,000 and over 2.00 97.72 5.42 5.46 5.48
</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 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 7/1 8/1 11/1 2/1 5/1
Distribution Date..................... 7/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3494(1) $ 5.2422
-------- $.4368 every month --------
Quarterly Distribution Plan........... $ .3494(1) $ .4395(2) $ 1.3185 $ 1.3185 $ 1.3185 $ 5.2742
Semi-Annual Distribution Plan......... $ .3494(1) $ 1.7640(3) $ 2.6460 $ 5.2932
- ---------------------------------------------------------------------------------------------------------------------------------
<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 4-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 $.07 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 $.01456 per unit per day.
Consequently, on the first Record Date (07/01/95), accrued interest will total
$0.3494 per unit for the 24-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 07/01/95 is $.3494 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01456 Quarterly - $0.01465
Semi-Annual - $0.01470
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 15 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 10 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
Alabama 5.0
California 13.8
Florida 3.1
Iowa 15.2
Illinois 20.2
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Massachusetts 10.8
Michigan 5.4
New Jersey 10.2
Washington 9.1
Wisconsin 7.2
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 27.9 years. The first bond is scheduled to mature in
October, 2013, with the last bond maturity being November, 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.
- -------------------------------------------------
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.
806
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
FLORIDA
INSURED
TRUST 212
Estimated Current Return
First
Year: 4.93% to 5.14%
Subsequent
Years: 4.94% to 5.15%
as of 06/06/95
Estimated Long Term Return
5.09% to 5.30%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H4 166 Monthly Payment Option
6706H4 174 Quarterly Payment Option
6706H4 182 Semi-Annual Payment Option
Registered in 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, FLORIDA INSURED TRUST 212
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 7, 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 Board of Education of Florida, Public Education 2003 at 101 AAA Aaa
Capital Outlay Refunding Bonds, 1993 Series D, 5.00% Due
6/1/15. (General Obligation Bonds.)
115,000 State of Florida, Full Faith and Credit, State Board of 2003 at 101 AAA Aaa
Education, Public Education Capital Outlay Bonds, 1992
Series E, 5.10% Due 6/1/15. (General Obligation Bonds.)
500,000 State of Florida, Full Faith and Credit, Department of 2005 at 101 AAA Aaa
Transportation, Right-of-Way Acquisition and Bridge
Construction Bonds, Series 1995, 5.875% Due 7/1/24.
(General Obligation Bonds.)
260,000 Dade County, Florida, Public Facilities Revenue Bonds 2003 at 102 AAA Aaa
(Jackson Memorial Hospital), Series 1993, 5.625% Due
6/1/18.
500,000 Hillsborough County Aviation Authority, Florida, Tampa 2003 at 102 AAA Aaa
International Airport Revenue Refunding Bonds, 1993 Series
B, 5.50% Due 10/1/13.
250,000 Lee County, Florida, Capital Refunding Revenue Bonds, Series No Optional AAA Aaa
1993B, 0.00% Due 10/1/12. (Original issue discount bonds Call
delivered on or about June 16, 1993 at a price of 32.571%
of principal amount.)
500,000 Orange County (Florida), Health Facilities Authority, 2005 at 102 AAA Aaa
Hospital Revenue Bonds, Series 1995 (Adventist Health
System/Sunbelt Obligated Group), 5.50% Due 11/15/15. (When
issued.)
280,000 City of Palm Bay, Florida, Utility System Refunding Revenue 2003 at 102 AAA Aaa
Bonds, Series 1994 (Palm Bay Utility Corporation Project),
5.00% Due 10/1/19.
500,000 West Coast Regional Water Supply Authority (Florida), 2005 at 101 AAA Aaa
Refunding Revenue Bonds (Hillsborough County Project),
Series 1995, 5.75% Due 10/1/15.
380,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2005 at 101 AAA Aaa
1995 (General Obligation Bonds.), 5.75% Due 7/1/24. 1/2
----------
$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> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 99.80 (4.93%) 4.94% (4.97%) 4.98% (4.98%) 4.99%
500-999 50,000-99,999 4.75 99.64 (4.94) 4.95 (4.97) 4.98 (4.99) 5.00
1,000-2,499 100,000-249,999 4.50 99.38 (4.95) 4.96 (4.99) 5.00 (5.01) 5.02
2,500-4,999 250,000-499,999 4.25 99.12 (4.97) 4.98 (5.00) 5.01 (5.02) 5.03
5,000-9,999 500,000-999,999 3.50 98.35 (5.01) 5.02 (5.04) 5.05 (5.06) 5.07
10,000-24,999 1,000,000- 2,499,999 3.00 97.85 (5.03) 5.04 (5.06) 5.07 (5.08) 5.09
25,000-49,999 2,500,000- 4,999,999 2.50 97.34 (5.06) 5.07 (5.09) 5.10 (5.11) 5.12
50,000 and over 5,000,000 and over 2.00 96.85 (5.08) 5.09 (5.12) 5.13 (5.14) 5.15
</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 % $ 99.80 5.09% 5.13% 5.15%
500-999 50,000-99,999 4.75 99.64 5.09 5.13 5.15
1,000-2,499 100,000-249,999 4.50 99.38 5.11 5.15 5.17
2,500-4,999 250,000-499,999 4.25 99.12 5.12 5.16 5.18
5,000-9,999 500,000-999,999 3.50 98.35 5.16 5.20 5.22
10,000-24,999 1,000,000- 2,499,999 3.00 97.85 5.19 5.23 5.25
25,000-49,999 2,500,000- 4,999,999 2.50 97.34 5.22 5.26 5.28
50,000 and over 5,000,000 and over 2.00 96.85 5.24 5.28 5.30
</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 the Date of Deposit. Figures in
brackets represent the current return. The first year's estimated current
returns are slightly lower than those for subsequent years because a portion
of the monies received in the first year only will be treated as a return of
principal due to the inclusion in the portfolio of "when issued" or other
Bonds having delivery dates after the date of settlement for a purchase made
on the Date of Deposit.
(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
Florida Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 7/1 8/1 11/1 2/1 5/1
Distribution Date..................... 7/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3288(1) $ 4.9333
-------- $.4110 every month --------
Quarterly Distribution Plan........... $ .3288(1) $ .4137(2) $ 1.2411 $ 1.2411 $ 1.2411 $ 4.9653
Semi-Annual Distribution Plan......... $ .3288(1) $ 1.6608(3) $ 2.4912 $ 4.9843
- ---------------------------------------------------------------------------------------------------------------------------------
<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 4-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 $.07 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 $.01370 per unit per day.
Consequently, on the first Record Date (07/01/95), accrued interest will total
$0.3288 per unit for the 24-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 07/01/95 is $.3288 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01370 Quarterly - $0.01379
Semi-Annual - $0.01384
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.
- --------------------------------------------------------------------------------
806
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 22.5 years.
The first bond is scheduled to mature in October, 2012, with the last bond
maturity being July, 2024.
- -------------------------------------------------------
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
OHIO
INSURED
TRUST 125
Estimated Current Return
5.02% to 5.22%
as of 06/06/95
Estimated Long Term Return
5.10% to 5.30%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101Y 706 Monthly Payment Option
67101Y 714 Quarterly Payment Option
67101Y 722 Semi-Annual Payment Option
Registered in Ohio
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, OHIO INSURED TRUST 125
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 7, 1995
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<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
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$ 500,000 State of Ohio (Ohio Higher Educational Facility Commission), 2004 at 102 AAA Aaa
Higher Educational Facility Revenue Bonds (University of
Dayton 1994 Project), 5.80% Due 12/1/19.
500,000 Ohio Water Development Authority, State of Ohio, Water 2005 at 101 AAA Aaa
Pollution Control Loan Fund Revenue Bonds, State Match
Series 1995, 5.75% Due 12/1/17.
205,000 Akron, Bath and Copley Joint Township Hospital District, 2003 at 102 AAA Aaa
Ohio, Hospital Refunding Revenue Bonds, Series 1993
(Children's Hospital Medical Center of Akron), 5.00% Due
11/15/15. (Original issue discount bonds delivered on or
about September 15, 1993 at a price of 93.644% of
principal amount.)
250,000 City of Cleveland, Ohio, Public Power System First Mortgage No Optional AAA Aaa
Revenue Bonds, Series 1994A, 0.00% Due 11/15/13. (Original Call
issue discount bonds delivered on or about November 22,
1994 at a price of 26.357% of principal amount.)
500,000 City of Dover, Ohio, Waterworks System Revenue Bonds, Series 2004 at 102 AAA Aaa
1994, 6.00% Due 12/1/20.
345,000 Hilliard City School District, Ohio, General Obligation 2005 at 102 AAA Aaa
Bonds, School Improvement Bonds, Series 1995A, 5.75% Due
12/1/19.
500,000 County of Lucas, Ohio, Hospital Refunding Revenue Bonds, 2003 at 102 AAA Aaa
Series 1993B (St. Vincent Medical Center), 5.375% Due
8/15/17.
500,000 Southwest Licking Local School District, Licking and 2005 at 100 AAA Aaa
Fairfield Counties, Ohio, School Facilities Construction
and Improvement Bonds, 5.75% Due 12/1/22. (General
Obligation Bonds.)
200,000 Commonwealth of Puerto Rico, Public Improvement Refunding 2003 at 101 AAA Aaa
Bonds, Series 1993 (General Obligation Bonds.), 5.50% Due 1/2
7/1/13.
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$3,500,000
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</TABLE>
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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.
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<TABLE>
<CAPTION>
Estimated Current Return (2)
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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 % $ 100.87 5.02% 5.05% 5.07%
500-999 50,000-99,999 4.75 100.71 5.02 5.06 5.07
1,000-2,499 100,000-249,999 4.50 100.45 5.04 5.07 5.09
2,500-4,999 250,000-499,999 4.25 100.19 5.05 5.08 5.10
5,000-9,999 500,000-999,999 3.50 99.41 5.09 5.12 5.14
10,000-24,999 1,000,000- 2,499,999 3.00 98.90 5.12 5.15 5.17
25,000-49,999 2,500,000- 4,999,999 2.50 98.39 5.14 5.17 5.19
50,000 and over 5,000,000 and over 2.00 97.89 5.17 5.20 5.22
</TABLE>
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<TABLE>
<CAPTION>
Estimated Long Term Return (3)
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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 % $ 100.87 5.10% 5.14% 5.15%
500-999 50,000-99,999 4.75 100.71 5.10 5.14 5.15
1,000-2,499 100,000-249,999 4.50 100.45 5.12 5.16 5.17
2,500-4,999 250,000-499,999 4.25 100.19 5.13 5.17 5.18
5,000-9,999 500,000-999,999 3.50 99.41 5.17 5.21 5.22
10,000-24,999 1,000,000- 2,499,999 3.00 98.90 5.20 5.24 5.25
25,000-49,999 2,500,000- 4,999,999 2.50 98.39 5.23 5.27 5.28
50,000 and over 5,000,000 and over 2.00 97.89 5.25 5.29 5.30
</TABLE>
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(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.
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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:
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<TABLE>
<CAPTION>
Normal
Distributions
Ohio Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
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Record Date*.......................... 7/1 8/1 11/1 2/1 5/1
Distribution Date..................... 7/15 8/15 11/15 2/15 5/15
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Monthly Distribution Plan............. $ .3372(1) $ 5.0596
-------- $.4215 every month --------
Quarterly Distribution Plan........... $ .3372(1) $ .4242(2) $ 1.2726 $ 1.2726 $ 1.2726 $ 5.0916
Semi-Annual Distribution Plan......... $ .3372(1) $ 1.7028(3) $ 2.5542 $ 5.1106
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<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 4-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 $.07 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 $.01405 per unit per day.
Consequently, on the first Record Date (07/01/95), accrued interest will total
$0.3372 per unit for the 24-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 07/01/95 is $.3372 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01405 Quarterly - $0.01414
Semi-Annual - $0.01419
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.
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806
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AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.4 years.
The first bond is scheduled to mature in July, 2013, with the last bond maturity
being December, 2022.
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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.
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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.
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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.
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REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
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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.
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* 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.
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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.
