<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
INTERMEDIATE
INSURED
TRUST 80
Estimated Current Return
First
Year: 4.49% to 4.63%
Subsequent
Years: 4.53% to 4.67%
as of 06/26/95
Estimated Long Term Return
4.78% to 4.92%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67093J 139 Monthly Payment Option
67093J 147 Quarterly Payment Option
67093J 154 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, INTERMEDIATE INSURED TRUST 80
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 27, 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 Fresno County Financing Authority (California), Solid Waste No Optional AAA Aaa
Revenue Bonds, Series 1995 (American Avenue Landfill Call
Project), 5.30% Due 5/15/05. (When issued.)
500,000 City of Boca Raton, Florida, Beach Acquisition Revenue No Optional AAA Aaa
Bonds, Series 1995, 4.60% Due 1/1/05. Call
500,000 City of Jacksonville, Florida, Sales Tax Revenue Bonds, No Optional AAA Aaa
Series 1995 (River City Renaissance Project), 5.00% Due Call
10/1/05. (When issued.)
500,000 City of Chicago (Illinois), General Obligation Bonds, No Optional AAA Aaa
Refunding Series 1993B, 4.80% Due 1/1/05. Call
250,000 Washington Suburban Sanitary District, Maryland (Montgomery No Optional AAA Aaa
and Prince George's Counties, Maryland), Water Supply Call
Bonds of 1995, 4.75% Due 6/1/05. (General Obligation
Bonds.)
500,000 Reeths-Puffer Schools, County of Muskegon, State of No Optional AAA Aaa
Michigan, 1995 School Building and Site and Refunding Call
Bonds, 5.10% Due 5/1/05. (General Obligation Bonds.) (When
issued.)
500,000 Nebraska Public Power District, Power Supply System Revenue 2005 at 101 AAA Aaa
Bonds, 1995 Series A, 5.00% Due 1/1/06.
500,000 Metropolitan Transportation Authority (New York), Transit No Optional AAA Aaa
Facilities 1987 Service Contract Bonds, Series 7, 5.30% Call
Due 7/1/05.
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, 5.20% Due 6/15/05.
500,000 Central Kitsap School District No. 401, Kitsap County, No Optional AAA Aaa
Washington, Unlimited Tax General Obligation Bonds, 1995, Call
4.90% Due 12/1/05.
250,000 Washington Public Power Supply System, Nuclear Project No. 2 No Optional AAA Aaa
Refunding Revenue Bonds, Series 1990C, 0.00% Due 7/1/05. Call
(Original issue discount bonds delivered on or about
November 15, 1990 at a price of 33.114% of principal
amount.)
----------
$5,000,000
----------
----------
</TABLE>
- --------------------------------------------------------------------------------
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 3.90 % $ 100.61 (4.49%) 4.53% (4.52%) 4.56% (4.54%) 4.58%
500-999 50,000-99,999 3.70 100.40 (4.50) 4.54 (4.53) 4.57 (4.55) 4.59
1,000-2,499 100,000-249,999 3.50 100.20 (4.51) 4.55 (4.54) 4.58 (4.56) 4.60
2,500-4,999 250,000-499,999 3.25 99.94 (4.52) 4.56 (4.56) 4.59 (4.57) 4.61
5,000-9,999 500,000-999,999 3.00 99.68 (4.53) 4.57 (4.57) 4.60 (4.59) 4.62
10,000-24,999 1,000,000- 2,499,999 2.75 99.42 (4.55) 4.58 (4.58) 4.61 (4.60) 4.63
25,000-49,999 2,500,000- 4,999,999 2.50 99.17 (4.56) 4.59 (4.59) 4.63 (4.61) 4.64
50,000 and over 5,000,000 and over 2.00 98.66 (4.58) 4.62 (4.61) 4.65 (4.63) 4.67
</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 3.90 % $ 100.61 4.78% 4.81% 4.82%
500-999 50,000-99,999 3.70 100.40 4.79 4.82 4.83
1,000-2,499 100,000-249,999 3.50 100.20 4.80 4.83 4.84
2,500-4,999 250,000-499,999 3.25 99.94 4.81 4.84 4.85
5,000-9,999 500,000-999,999 3.00 99.68 4.82 4.85 4.87
10,000-24,999 1,000,000- 2,499,999 2.75 99.42 4.83 4.86 4.88
25,000-49,999 2,500,000- 4,999,999 2.50 99.17 4.85 4.88 4.90
50,000 and over 5,000,000 and over 2.00 98.66 4.87 4.90 4.92
</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.
- --------------------------------------------------------------------------------
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
Intermediate Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4301(1) $ 4.5548
-------- $.3795 every month --------
Quarterly Distribution Plan........... $ .4301(1) $ 1.1466(2) $ 1.1466 $ 1.1466 $ 4.5868
Semi-Annual Distribution Plan......... $ .4301(1) $ 1.1511(3) $ 2.3022 $ 4.6058
- --------------------------------------------------------------------------------------------------------------------
<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) Regular 3-month distribution.
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(3) The second distribution under the semi-annual distribution plan represents a 3-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 $.04 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 $.01265 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.4301 per unit for the 34-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 08/01/95 is $.4301 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01265 Quarterly - $0.01274
Semi-Annual - $0.01279
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 11 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 8 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 11.1
Florida 20.2
Illinois 10.1
Maryland 5.0
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Michigan 10.7
Nebraska 10.5
New York 22.1
Washington 10.3
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 10.0 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2005................................. 4,500 90.0%
2006................................. 500 10.0
</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.
809
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
GEORGIA
INSURED
TRUST 45
Estimated Current Return
5.24% to 5.45%
as of 06/26/95
Estimated Long Term Return
5.31% to 5.52%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101M 645 Monthly Payment Option
67101M 652 Quarterly Payment Option
67101M 660 Semi-Annual Payment Option
Registered in Georgia
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, GEORGIA INSURED TRUST 45
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 27, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 450,000 Municipal Electric Authority of Georgia, Power Revenue 2004 at 100 AAA Aaa
Bonds, Series EE, 5.50% Due 1/1/26. (Original issue
discount bonds delivered on or about June 1, 1994 at a
price of 87.008% of principal amount.)
245,000 Metropolitan Atlanta Rapid Transit Authority (Georgia), 2003 at 102 AAA Aaa
Sales Tax Revenue Bonds (Second Indenture Series), Series
1993A, 5.125% Due 7/1/19.
500,000 Urban Residential Finance Authority of the City of Atlanta, 2005 at 102 AAA Aaa
Georgia, Dormitory Facility Refunding Revenue Bonds
(Morehouse College Project), Series 1995, 5.75% Due
12/1/14.
500,000 City of Atlanta, Georgia, Water and Sewerage Revenue Bonds, 2004 at 102 AAA Aaa
Series 1993, 5.00% Due 1/1/15.
500,000 City of Cumming (Georgia), Water and Sewerage Revenue 2003 at 102 AAA Aaa
Refunding and Improvement Bonds, Series 1994, 6.25% Due
12/1/24.
500,000 Hospital Authority of Fulton County (Georgia), Refunding 2004 at 102 AAA Aaa
Revenue Anticipation Certificates (Northside Hospital
Project), Series 1993A, 5.125% Due 10/1/16. (Original
issue discount bonds delivered on or about February 2,
1994 at a price of 94.795% of principal amount.)
345,000 The Fulton-DeKalb Hospital Authority (Georgia), Revenue 2003 at 102 AAA Aaa
Refunding Certificates, Series 1993, 5.50% Due 1/1/20.
(Original issue discount bonds delivered on or about June
15, 1993 at a price of 94.499% of principal
amount.)(General Obligation Bonds.)
460,000 Hospital Authority of Gordon County (Georgia), Revenue 2005 at 102 AAA Aaa
Anticipation Certificates, Series 1995 (Adventist Health
System/Sunbelt Obligated Group), 5.75% Due 11/15/25.
----------
$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 % $ 101.35 5.24% 5.27% 5.29%
500-999 50,000-99,999 4.75 101.19 5.25 5.28 5.30
1,000-2,499 100,000-249,999 4.50 100.92 5.26 5.29 5.31
2,500-4,999 250,000-499,999 4.25 100.66 5.27 5.31 5.32
5,000-9,999 500,000-999,999 3.50 99.88 5.31 5.35 5.37
10,000-24,999 1,000,000- 2,499,999 3.00 99.36 5.34 5.37 5.39
25,000-49,999 2,500,000- 4,999,999 2.50 98.85 5.37 5.40 5.42
50,000 and over 5,000,000 and over 2.00 98.35 5.40 5.43 5.45
</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 % $ 101.35 5.31% 5.34% 5.35%
500-999 50,000-99,999 4.75 101.19 5.31 5.34 5.36
1,000-2,499 100,000-249,999 4.50 100.92 5.33 5.36 5.38
2,500-4,999 250,000-499,999 4.25 100.66 5.34 5.37 5.39
5,000-9,999 500,000-999,999 3.50 99.88 5.39 5.41 5.43
10,000-24,999 1,000,000- 2,499,999 3.00 99.36 5.41 5.44 5.46
25,000-49,999 2,500,000- 4,999,999 2.50 98.85 5.44 5.47 5.49
50,000 and over 5,000,000 and over 2.00 98.35 5.47 5.50 5.52
</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
Georgia Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5011(1) $ 5.3081
-------- $.4422 every month --------
Quarterly Distribution Plan........... $ .5011(1) $ 1.3347(2) $ 1.3347 $ 1.3347 $ 5.3401
Semi-Annual Distribution Plan......... $ .5011(1) $ 1.3392(3) $ 2.6784 $ 5.3591
- --------------------------------------------------------------------------------------------------------------------
<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) Regular 3-month distribution.
(3) The second distribution under the semi-annual distribution plan represents a 3-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 $.04 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 $.01474 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.5011 per unit for the 34-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 08/01/95 is $.5011 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01474 Quarterly - $0.01483
Semi-Annual - $0.01488
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.
- --------------------------------------------------------------------------------
809
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 24.8 years.
The first bond is scheduled to mature in December, 2014, with the last bond
maturity being January, 2026.
- -------------------------------------------------------
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 237
Estimated Current Return
5.24% to 5.45%
as of 06/26/95
Estimated Long Term Return
5.32% to 5.54%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101K 409 Monthly Payment Option
67101K 417 Quarterly Payment Option
67101K 425 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 237
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JUNE 27, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 750,000 The Port Authority of New York and New Jersey, Consolidated 2005 at 101 AAA Aaa
Bonds, One Hundredth Series, 5.75% Due 6/15/30. (When
issued.)
355,000 Dormitory Authority of the State of New York, Fordham 2004 at 102 AAA Aaa
University, Insured Revenue Bonds, Series 1994, 5.75% Due
7/1/15.
750,000 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.)
145,000 New York State Medical Care Facilities Finance Agency, 2004 at 102 AAA Aaa
Mental Health Services Facilities Improvement Revenue
Bonds, 1993 Series F Refunding, 5.25% Due 2/15/19.
(Original issue discount bonds delivered on or about
January 5, 1994 at a price of 93.77% of principal amount.)
750,000 New York State Thruway Authority, General Revenue Bonds, 2005 at 102 AAA Aaa
Series C, 6.00% Due 1/1/25.
500,000 The City of New York, New York, General Obligation Bonds, 2003 at 101 AAA Aaa
Fiscal 1994 Series C, 5.625% Due 10/1/12. 1/2
250,000 The City of New York, General Obligation Bonds, Fiscal 1994 2003 at 101 AAA Aaa
Series B, 5.75% Due 8/15/14. 1/2
750,000 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.
750,000 Triborough Bridge and Tunnel Authority (New York), General 2004 at 100 AAA Aaa
Purpose Revenue Bonds, Series 1994A, 4.75% Due 1/1/19.
(Original issue discount bonds delivered on or about
February 15, 1994 at a price of 93.225% of principal
amount.)
----------
$5,000,000
----------
----------
</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 % $ 100.27 5.24% 5.27% 5.29%
500-999 50,000-99,999 4.75 100.12 5.25 5.28 5.30
1,000-2,499 100,000-249,999 4.50 99.85 5.26 5.29 5.31
2,500-4,999 250,000-499,999 4.25 99.59 5.27 5.31 5.32
5,000-9,999 500,000-999,999 3.50 98.82 5.31 5.35 5.37
10,000-24,999 1,000,000- 2,499,999 3.00 98.31 5.34 5.37 5.39
25,000-49,999 2,500,000- 4,999,999 2.50 97.81 5.37 5.40 5.42
50,000 and over 5,000,000 and over 2.00 97.31 5.40 5.43 5.45
</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 % $ 100.27 5.32% 5.35% 5.37%
500-999 50,000-99,999 4.75 100.12 5.32 5.36 5.38
1,000-2,499 100,000-249,999 4.50 99.85 5.34 5.38 5.40
2,500-4,999 250,000-499,999 4.25 99.59 5.35 5.39 5.41
5,000-9,999 500,000-999,999 3.50 98.82 5.39 5.43 5.45
10,000-24,999 1,000,000- 2,499,999 3.00 98.31 5.42 5.46 5.48
25,000-49,999 2,500,000- 4,999,999 2.50 97.81 5.45 5.49 5.51
50,000 and over 5,000,000 and over 2.00 97.31 5.48 5.52 5.54
</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>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 8/1 11/1 2/1 5/1
Distribution Date..................... 8/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4957(1) $ 5.2514
-------- $.4374 every month --------
Quarterly Distribution Plan........... $ .4957(1) $ 1.3203(2) $ 1.3203 $ 1.3203 $ 5.2834
Semi-Annual Distribution Plan......... $ .4957(1) $ 1.3248(3) $ 2.6496 $ 5.3024
- --------------------------------------------------------------------------------------------------------------------
<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) Regular 3-month distribution.
(3) The second distribution under the semi-annual distribution plan represents a 3-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 $.04 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 $.01458 per unit per day.
Consequently, on the first Record Date (08/01/95), accrued interest will total
$0.4957 per unit for the 34-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 08/01/95 is $.4957 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01458 Quarterly - $0.01467
Semi-Annual - $0.01472
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.
- --------------------------------------------------------------------------------
809
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.7 years.
The first bond is scheduled to mature in October, 2012, with the last bond
maturity being June, 2030.
- -------------------------------------------------------
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.
