<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
FLORIDA
INSURED
TRUST 221
Estimated Current Return
4.98% to 5.19%
as of 11/30/95
Estimated Long Term Return
4.98% to 5.24%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H4 430 Monthly Payment Option
6706H4 448 Quarterly Payment Option
6706H4 455 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 221
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT DECEMBER 1, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 310,000 State of Florida, State Board of Education, Public Education 2005 at 101 AAA Aaa
Capital Outlay Bonds, 1994 Series C, 5.60% Due 6/1/25.
(General Obligation Bonds.)
450,000 State of Florida, Department of Transportation, Turnpike 2005 at 101 AAA Aaa
Revenue Bonds, Series 1995A, 5.50% Due 7/1/21.
500,000 Dade County, Florida, Water and Sewer System Revenue Bonds, 2005 at 102 AAA Aaa
Series 1995, 5.50% Due 10/1/25. (Original issue discount
bonds delivered on or about October 19, 1995 at a price of
94.942% of principal amount.)
100,000 City of Gainesville, Florida, Guaranteed Entitlement No Optional AAA Aaa
Refunding and Revenue Bonds, Series 1994, 0.00% Due Call
8/1/24. (Original issue discount bonds delivered on or
about May 4, 1994 at a price of 16.248% of principal
amount.)
380,000 Kissimmee Utility Authority (Florida), Electric System 2003 at 102 AAA Aaa
Improvement and Refunding Revenue Bonds, Series 1993,
5.25% Due 10/1/18. (Original issue discount bonds
delivered on or about June 17, 1993 at a price of 94.257%
of principal amount.)
220,000 Lee County, Florida, Transportation Facilities Revenue 2005 at 102 AAA Aaa
Bonds, Series 1995, 5.75% Due 10/1/27. (Original issue
discount bonds delivered on or about May 16, 1995 at a
price of 93.739% of principal amount.)
185,000 Lee County, Florida, Capital and Transportation Facilities 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1993A, 5.60% Due 10/1/21.
355,000 Orange County, Florida, Tourist Development Tax Revenue 2004 at 102 AAA Aaa
Bonds, Series 1994B, 5.75% Due 10/1/19. (Original issue
discount bonds delivered on or about May 1, 1994 at a
price of 93.873% of principal amount.)
500,000 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 10/1/22.
500,000 City of St. Petersburg, Florida, Professional Sports 2005 at 101 AAA Aaa
Facility Sales Tax Revenue Bonds, Series 1995, 5.625% Due
10/1/21.
----------
$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 a compounding factor, 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 % $ 101.69 4.98% 5.02% 5.03%
500-999 50,000-99,999 4.75 101.53 4.99 5.02 5.04
1,000-2,499 100,000-249,999 4.50 101.27 5.00 5.04 5.06
2,500-4,999 250,000-499,999 4.25 101.00 5.02 5.05 5.07
5,000-9,999 500,000-999,999 3.50 100.22 5.06 5.09 5.11
10,000-24,999 1,000,000- 2,499,999 3.00 99.70 5.08 5.12 5.13
25,000-49,999 2,500,000- 4,999,999 2.50 99.19 5.11 5.14 5.16
50,000 and over 5,000,000 and over 2.00 98.68 5.14 5.17 5.19
</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 % $ 101.69 4.98% 5.01% 5.02%
500-999 50,000-99,999 4.75 101.53 4.98 5.01 5.03
1,000-2,499 100,000-249,999 4.50 101.27 5.01 5.04 5.05
2,500-4,999 250,000-499,999 4.25 101.00 5.02 5.05 5.07
5,000-9,999 500,000-999,999 3.50 100.22 5.08 5.11 5.13
10,000-24,999 1,000,000- 2,499,999 3.00 99.70 5.11 5.14 5.16
25,000-49,999 2,500,000- 4,999,999 2.50 99.19 5.15 5.18 5.20
50,000 and over 5,000,000 and over 2.00 98.68 5.19 5.22 5.24
</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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4221(1) $ 5.0684
-------- $.4221 every month --------
Quarterly Distribution Plan........... $ .4221(1) $ .4248(2) $ 1.2744 $ 1.2744 $ 1.2744 $ 5.1004
Semi-Annual Distribution Plan......... $ .4221(1) $ 1.7064(3) $ 2.5596 $ 5.1194
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
Distribution Dates under each distribution plan are the fifteenth day of the
month in which the respective Record Date occurred.
(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.
+ 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 $.01407 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4221 per unit for the 30-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 01/01/96 is $.4221 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01407 Quarterly - $0.01416
Semi-Annual - $0.01422
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.
- --------------------------------------------------------------------------------
838
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 26.8 years.
The first bond is scheduled to mature in October, 2018, with the last bond
maturity being October, 2027.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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, The Chase Manhattan Bank, N.A., 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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 244
Estimated Current Return
5.01% to 5.21%
as of 11/30/95
Estimated Long Term Return
5.01% to 5.27%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101K 615 Monthly Payment Option
67101K 623 Quarterly Payment Option
67101K 631 Semi-Annual Payment Option
Registered in New York
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 244
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT DECEMBER 1, 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.
350,000 Dormitory Authority of the State of New York, Fordham 2004 at 102 AAA Aaa
University, Insured Revenue Bonds, Series 1994, 5.50% Due
7/1/23. (Original issue discount bonds delivered on or
about April 6, 1994 at a price of 94.448% of principal
amount.)
750,000 Dormitory Authority of the State of New York, University of 2004 at 102 AAA Aaa
Rochester, Strong Memorial Hospital Revenue Bonds, Series
1994, 5.50% Due 7/1/21. (Original issue discount bonds
delivered on or about March 30, 1994 at a price of 93.746%
of principal amount.)
750,000 Dormitory Authority of the State of New York, Special Act 2005 at 102 AAA Aaa
School Districts Program, Insured Revenue Bonds, Series
1995, 6.00% Due 7/1/19.
640,000 New York Local Government Assistance Corporation (New York), 2005 at 102 AAA Aaa
Series 1995A Bonds, 6.00% Due 4/1/16.
185,000 New York State Environmental Facilities Corporation, State 2005 at 101 AAA Aaa
Water Pollution Control Revolving Fund Revenue Bonds,
Series 1995 B (New York City Municipal Water Finance
Authority Project), (Second Resolution Bonds), 5.60% Due
6/15/16.
160,000 The City of New York, General Obligation Bonds, Fiscal 1994 No Optional AAA Aaa
Series E, 0.00% Due 8/1/13. (Original issue discount bonds Call
delivered on or about December 29, 1993 at a price of
31.409% of principal amount.)
140,000 The City of New York, General Obligation Bonds, Fiscal 1994 No Optional AAA Aaa
Series A, Subseries A-2, 0.00% Due 8/1/13. (Original issue Call
discount bonds delivered on or about August 2, 1993 at a
price of 30.959% of principal amount.)
450,000 The City of New York, New York, General Obligation Bonds, 2005 at 101 AAA Aaa
Fiscal 1996 Series D, 6.00% Due 2/15/16.
565,000 New York City (New York), Municipal Water Finance Authority, 2004 at 101 AAA Aaa
Water and Sewer System Revenue Bonds, Fixed Rate Fiscal 1/2
1994 Series F, 5.50% Due 6/15/23.
260,000 Triborough Bridge and Tunnel Authority (New York), General No Optional AAA Aaa
Purpose Revenue Bonds, Series 1993B, 5.00% Due 1/1/20. Call
----------
$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 a compounding factor, 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 % $ 102.39 5.01% 5.04% 5.06%
500-999 50,000-99,999 4.75 102.23 5.02 5.05 5.07
1,000-2,499 100,000-249,999 4.50 101.96 5.03 5.06 5.08
2,500-4,999 250,000-499,999 4.25 101.69 5.04 5.08 5.09
5,000-9,999 500,000-999,999 3.50 100.90 5.08 5.12 5.13
10,000-24,999 1,000,000- 2,499,999 3.00 100.38 5.11 5.14 5.16
25,000-49,999 2,500,000- 4,999,999 2.50 99.87 5.14 5.17 5.19
50,000 and over 5,000,000 and over 2.00 99.36 5.16 5.20 5.21
</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 % $ 102.39 5.01% 5.04% 5.06%
500-999 50,000-99,999 4.75 102.23 5.01 5.04 5.06
1,000-2,499 100,000-249,999 4.50 101.96 5.04 5.07 5.09
2,500-4,999 250,000-499,999 4.25 101.69 5.05 5.08 5.10
5,000-9,999 500,000-999,999 3.50 100.90 5.11 5.14 5.16
10,000-24,999 1,000,000- 2,499,999 3.00 100.38 5.15 5.18 5.20
25,000-49,999 2,500,000- 4,999,999 2.50 99.87 5.18 5.22 5.24
50,000 and over 5,000,000 and over 2.00 99.36 5.22 5.25 5.27
</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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4275(1) $ 5.1300
-------- $.4275 every month --------
Quarterly Distribution Plan........... $ .4275(1) $ .4299(2) $ 1.2897 $ 1.2897 $ 1.2897 $ 5.1620
Semi-Annual Distribution Plan......... $ .4275(1) $ 1.7268(3) $ 2.5902 $ 5.1810
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
Distribution Dates under each distribution plan are the fifteenth day of the
month in which the respective Record Date occurred.
(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.
+ 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 $.01425 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4275 per unit for the 30-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 01/01/96 is $.4275 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01425 Quarterly - $0.01433
Semi-Annual - $0.01439
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.
- --------------------------------------------------------------------------------
838
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.1 years.
The first bond is scheduled to mature in August, 2013, with the last bond
maturity being June, 2030.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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, The Chase Manhattan Bank, N.A., 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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 130
Estimated Current Return
First
Year: 4.94% to 5.14%
Subsequent
Years: 4.97% to 5.18%
as of 11/30/95
Estimated Long Term Return
4.99% to 5.26%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101Y 854 Monthly Payment Option
67101Y 862 Quarterly Payment Option
67101Y 870 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 130
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT DECEMBER 1, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 250,000 State of Ohio, Turnpike Revenue Bonds, 1994 Series A, Issued 2004 at 102 AAA Aaa
by the Ohio Turnpike Commission, 5.75% Due 2/15/24.
500,000 Ohio Water Development Authority, State of Ohio, Water 2005 at 101 AAA Aaa
Pollution Control Loan Fund Revenue Bonds, Water Quality
Series 1995, 5.50% Due 12/1/15.
500,000 Ohio Water Development Authority, State of Ohio, 2004 at 102 AAA Aaa
Collateralized Water Development Revenue Refunding Bonds,
1994 Series A (The Cincinnati Gas & Electric Company
Project), 5.45% Due 1/1/24.
500,000 University of Cincinnati (Ohio), General Receipts Bonds, 2005 at 101 AAA Aaa
Series U, 5.60% Due 6/1/17. (When issued.)
295,000 Greene County, Ohio, Sewer System Revenue Bonds, 1993 2003 at 102 AAA Aaa
Series, 5.50% Due 12/1/18.
205,000 City of Huber Heights, Ohio, Water System Revenue Bonds, No Optional AAA Aaa
Series 1995, 0.00% Due 12/1/22. (Original issue discount Call
bonds delivered on or about September 29, 1995 at a price
of 19.031% of principal amount.)
500,000 County of Mahoning, Ohio, Hospital Improvement Revenue 2005 at 102 AAA Aaa
Bonds, Series 1995 (Western Reserve Care System Project),
5.50% Due 10/15/25. (When issued.)
500,000 City of Middleburg Heights, Ohio, Hospital Improvement 2008 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1995 (Southwest General
Health Center Project), 5.625% Due 8/15/15.
250,000 County of Warren, Ohio, Sewer System Revenue Bonds, Series 2005 at 101 AAA Aaa
1995 (Warrren County Sewer District), 5.65% Due 12/1/20.
(When issued.)
----------
$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 a compounding factor, 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 % $ 100.49 (4.94%) 4.97% (4.97%) 5.00% (4.99%) 5.02%
500-999 50,000-99,999 4.75 100.34 (4.95) 4.98 (4.98) 5.01 (5.00) 5.03
1,000-2,499 100,000-249,999 4.50 100.07 (4.96) 4.99 (4.99) 5.02 (5.01) 5.04
2,500-4,999 250,000-499,999 4.25 99.81 (4.97) 5.01 (5.00) 5.04 (5.02) 5.06
5,000-9,999 500,000-999,999 3.50 99.04 (5.01) 5.04 (5.04) 5.08 (5.06) 5.10
10,000-24,999 1,000,000- 2,499,999 3.00 98.53 (5.04) 5.07 (5.07) 5.10 (5.09) 5.12
25,000-49,999 2,500,000- 4,999,999 2.50 98.02 (5.06) 5.10 (5.10) 5.13 (5.11) 5.15
50,000 and over 5,000,000 and over 2.00 97.52 (5.09) 5.12 (5.12) 5.16 (5.14) 5.18
</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 % $ 100.49 4.99% 5.02% 5.04%
500-999 50,000-99,999 4.75 100.34 5.00 5.03 5.05
1,000-2,499 100,000-249,999 4.50 100.07 5.02 5.05 5.07
2,500-4,999 250,000-499,999 4.25 99.81 5.03 5.06 5.08
5,000-9,999 500,000-999,999 3.50 99.04 5.10 5.12 5.15
10,000-24,999 1,000,000- 2,499,999 3.00 98.53 5.13 5.16 5.18
25,000-49,999 2,500,000- 4,999,999 2.50 98.02 5.17 5.20 5.22
50,000 and over 5,000,000 and over 2.00 97.52 5.21 5.24 5.26
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to 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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4161(1) $ 4.9957
-------- $.4161 every month --------
Quarterly Distribution Plan........... $ .4161(1) $ .4188(2) $ 1.2564 $ 1.2564 $ 1.2564 $ 5.0277
Semi-Annual Distribution Plan......... $ .4161(1) $ 1.6812(3) $ 2.5218 $ 5.0467
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
Distribution Dates under each distribution plan are the fifteenth day of the
month in which the respective Record Date occurred.
(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.
+ 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 $.01387 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4161 per unit for the 30-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 01/01/96 is $.4161 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01387 Quarterly - $0.01396
Semi-Annual - $0.01401
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.
- --------------------------------------------------------------------------------
838
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 24.3 years.
The first bond is scheduled to mature in August, 2015, with the last bond
maturity being October, 2025.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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, The Chase Manhattan Bank, N.A., 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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.
