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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 5, 2003
1933 ACT FILE NO. _________
1940 ACT FILE NO. 811 - 03763
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
REGISTRATION STATEMENT ON
FORM S-6
______________________
FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933
OF SECURITIES OF UNIT INVESTMENT TRUSTS
REGISTERED ON FORM N-8B-2
A. EXACT NAME OF TRUST: CLAYMORE SECURITIES DEFINED PORTFOLIOS, SERIES 157
B. NAME OF DEPOSITOR: CLAYMORE SECURITIES, INC.
C. COMPLETE ADDRESS OF DEPOSITOR'S PRINCIPAL EXECUTIVE OFFICES:
Claymore Securities, Inc.
210 North Hale Street
Wheaton, Illinois 60187
D. NAME AND COMPLETE ADDRESS OF AGENT FOR SERVICE:
Copies to:
NICHOLAS DALMASO, ESQ. ERIC F. FESS
Executive Vice President and General Counsel
Claymore Securities, Inc. Chapman and Cutler
210 North Hale Street 111 West Monroe Street
Wheaton, Illinois 60187 Chicago, Illinois 60603
(630) 784-6300 (312) 845-3000
It is proposed that this filing will become effective (check appropriate box)
/ / immediately upon filing pursuant to paragraph (b)
/ / on (date) pursuant to paragraph (b)
/ / 60 days after filing pursuant to paragraph (a)
/ / on (date) pursuant to paragraph (a) of rule 485 or 486
/ / This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
E. TITLE OF SECURITIES BEING REGISTERED: Units of fractional undivided
beneficial interest.
F. APPROXIMATE DATE OF PROPOSED SALE TO PUBLIC: As soon as practicable
after the effective date of
the Registration Statement.
/ / Check box if it is proposed that this filing will become effective on
(date) at (time) pursuant to Rule 487.
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The registration hereby amends this Registration Statement on such date or
dates as may be necessary to delay its effective date until the registrant
shall file a further amendment which specifically states that this
Registration Statement shall thereafter become effective in accordance with
Section 8(a) of the Securities Act of 1933 or until the Registration
Statement shall become effective on such date as the Commission, acting
pursuant to said Section 8(a) may determine.
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PRELIMINARY PROSPECTUS DATED SEPTEMBER 5, 2003
SUBJECT TO COMPLETION
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[LOGO OMITTED]
Claymore Securities Defined Portfolios, Series 157
American Core Equity Portfolio, Series 2
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A final prospectus for a prior Series of the Claymore Securities Defined
Portfolios is hereby incorporated by reference and used as part of a
preliminary prospectus for Claymore Securities Defined Portfolios, Series 157
(the "TRUST"). The final prospectus for the Trust is expected to be
substantially similar to the previous prospectus. However, specific
information with respect to the Trust, including pricing, the size and
composition of the Trust's portfolio, the number of units of the Trust, the
termination date, and dates and summary information regarding the
characteristics of securities to be deposited in the Trust is not now
available and will be different from that shown since Trust has a unique
portfolio. Accordingly, the information contained herein with regard to the
previous Trust should be considered as being included for informational
purposes only.
The Securities and Exchange Commission has not approved or disapproved
these securities or passed upon the adequacy of this Prospectus. Any
representation to the contrary is a criminal offense.
The information in this Prospectus is not complete and may be changed.
We may not sell these securities until the registration statement filed with
the Securities and Exchange Commission is effective. This Prospectus is not
an offer to sell the securities and it is not soliciting an offer to buy
these securities in any state where the offer or sale is not permitted.
Incorporated herein by reference is the prospectus from Claymore
Securities Defined Portfolio, Series 132 (Registration No. 333-98539) dated
June 28, 2002 which shall be used as a preliminary prospectus for Claymore
Securities Defined Portfolio, Series 157. The final prospectus for Claymore
Securities Defined Portfolio, Series 132, was filed pursuant to Rule 497
under the Securities Act on September 6, 2002.
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CONTENTS OF REGISTRATION STATEMENT
A. Bonding Arrangements of Depositor:
The Depositor has obtained the following Securities Dealer Blanket Bond
for its officers, directors and employees:
INSURER/POLICY NO. AMOUNT
National Union Fire Insurance Company of
Pittsburgh, Pennsylvania
959-9000 $250,000
This Registration Statement comprises the following papers and documents.
The Facing Sheet
The Prospectus
The Signatures
Consents of Counsel
The following exhibits:
1.1 Reference Trust Agreement (to be supplied by amendment).
1.1.1 Standard Terms and Conditions of Trust (Reference is made to
Exhibit 1.1.1 to Amendment No. 1 to the Registration Statement on
Form S-6 for Claymore Securities Defined Portfolios, Series 116
(File No. 333-72828 filed on December 18, 2001).
2.1 Form of Code of Ethics (Reference is made to Exhibit 2.2 to the
Registration Statement on Form S-6 for Ranson Unit Investment Trusts,
Series 92 (File No. 333-31782 filed on March 4, 2000).
3.1 Opinion of counsel as to legality of the securities being registered
including a consent to the use of its name under "Legal Opinions" in
the Prospectus (to be supplied by amendment).
3.4 Opinion of counsel as to the Trustee and the Trust(s) (to be supplied
by amendment).
4.1 Consent of Independent Auditors (to be supplied by amendment).
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
Registrant, Claymore Securities Defined Portfolios, Series 157 has duly
caused this Registration Statement to be signed on its behalf by the
undersigned thereunto duly authorized, in the City of Wheaton, and State of
Illinois, on the 5th day of September, 2003.
CLAYMORE SECURITIES DEFINED PORTFOLIOS,
SERIES 157, Registrant
By: CLAYMORE SECURITIES, INC., Depositor
By: /s/ Nicholas Dalmaso
--------------------------------
Nicholas Dalmaso
Pursuant to the requirements of the Securities Act of 1933, the
Registration Statement has been signed below on September 5, 2003 by the
following persons, who constitute a majority of the Board of Directors of
Claymore Securities, Inc.
SIGNATURE* TITLE** DATE
) By: /s/ Nicholas Dalmaso
) -------------------
) Nicholas Dalmaso
) Attorney-in-Fact
)
DAVID HOOTEN* Chairman of the Board of ) September 5, 2003
Directors )
)
/S/ CHARLES MILLINGTON Chief Financial Officer September 5, 2003
- ----------------------
CHARLES MILLINGTON
/S/ NICHOLAS DALMASO Executive Vice President, September 5, 2003
- ---------------------- Secretary, Treasurer and
NICHOLAS DALMASO Director
- ----------------------
* An executed copy of each of the related powers of attorney were filed as
Exhibit 6.0 to Registration Statement No. 333-98345 on August 22, 2002.
** The titles of the persons named herein represent their capacity in and
relationship to Claymore Securities, Inc., the Depositor.
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CONSENT OF INDEPENDENT AUDITORS
The consent of Grant Thornton LLP to the use of its report and to the
reference to such firm in the Prospectus included in this Registration
Statement will be filed as Exhibit 4.1 to the Registration Statement.
CONSENT OF CHAPMAN AND CUTLER
The consent of Chapman and Cutler to the use of its name in the
Prospectus included in this Registration Statement will be contained in its
opinion to be filed as Exhibit 3.1 to the Registration Statement.
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MEMORANDUM
Re: Claymore Securities Defined Portfolios
The list of securities comprising the trust of the fund, the evaluation,
record and distribution dates and other changes pertaining specifically to
the new series, such as size and number of units of the trust in the fund and
the statement of financial condition of the new fund will be filed by
amendment.
1940 ACT
FORMS N-8A AND N-8B-2
Form N-8A and Form N-8B-2 were filed in respect of Claymore Securities
Defined Portfolios, Series 116 (and subsequent series) (File No. 811-03763).
1933 ACT
THE INDENTURE
The form of the proposed Standard Terms and Conditions of Trust is
expected to be in all respects consistent with the form of the Standard Terms
and Conditions of Trust dated December 18, 2001 relative to Claymore
Securities Defined Portfolios, Series 116.
CHAPMAN AND CUTLER
Chicago, Illinois
September 5, 2003