<PAGE>
NUVEEN
NUVEEN MARYLAND
TRADITIONAL UNIT TRUST 313 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.25 - 5.46% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.29 - 5.57% - Dependable Income
DATE OF DEPOSIT: March 22, 1996 - Diversified Portfolios
- Investment Grade Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,000,000 in 30,000 units
Average Life 26.6 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.73 to $96.78 depending on the purchase amount
Cusip 67102E 311 monthly payment plan
Numbers 67102E 329 quarterly payment plan
67102E 337 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 55%
AA 15
A1/A+ 15
A 15
---------
100%
Registration Registered in Maryland
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2014-17 15.0%
2018-21 15.0%
2022-25 55.0%
2026+ 15.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.61%
Tax Equivalent Yield 5.25%
Treasury Bonds
Pre-Tax 6.96%
Tax Equivalent Yield 6.61%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.41%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 39.0% FEDERAL AND STATE INCOME TAX
RATE AND A 5.0% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 450,000 Washington Metropolitan Area Transit Authority (District of Columbia), AAA Aaa
Gross Revenue Transit Refunding Bonds, Series 1993, 5.25% Due 7/1/14. (FGIC
Insured.) 2004 at 102
450,000 Maryland Health and Higher Educational Facilities Authority, Parking AAA Aaa
Revenue Bonds, The Johns Hopkins Medical Institutions Parking Facilities
Issue, Series 1996, 5.50% Due 7/1/26. (When issued.) (AMBAC Insured.) 2006 at 102
450,000 Anne Arundel County, Maryland, General Obligation Bonds, Consolidated Water AA+ Aa
and Sewer Series, 1996, 5.00% Due 9/1/24. (Original issue discount bonds
delivered on or about March 20, 1996 at a price of 93.528% of principal
amount.) 2006 at 101
450,000 Anne Arundel County, Maryland, Pollution Control Revenue Refunding Bonds A A2
(Baltimore Gas and Electric Company Project), Series 1994, 6.00% Due
4/1/24. 2004 at 102
300,000 City of Baltimore, Maryland (Mayor and City Council of Baltimore), Project AAA Aaa
and Refunding Revenue Bonds (Water Projects), Series 1994-A, 5.00% Due
7/1/24. (Original issue discount bonds delivered on or about February 24,
1994 at a price of 94.055% of principal amount.)(FGIC Insured.) No Optional
Call
450,000 Montgomery County, Maryland, Pollution Control Revenue Refunding Bonds A A1
(Potomac Electric Project), 1994 Series, 5.375% Due 2/15/24. 2004 at 102
450,000 City of Takoma Park, Maryland, Hospital Facilities Refunding and AAA Aaa
Improvement Revenue Bonds (Washington Adventist Hospital), Series 1995,
6.00% Due 9/1/21. (FSA Insured.) 2005 at 102
----------------------------------------------------------------------------------------------------------------
$ 3,000,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 99.73 4.90 % 5.25% 5.29% 5.28% 5.33% 5.30% 5.35 %
500 / $50,000 99.57 4.75 5.25 5.30 5.29 5.34 5.31 5.36
1,000 / $100,000 99.31 4.50 5.27 5.32 5.30 5.36 5.32 5.38
2,500 / $250,000 99.05 4.25 5.28 5.34 5.31 5.37 5.33 5.39
5,000 / $500,000 98.28 3.50 5.32 5.39 5.36 5.44 5.38 5.45
10,000 / $1,000,000 97.77 3.00 5.35 5.43 5.38 5.47 5.40 5.49
25,000 / $2,500,000 97.27 2.50 5.38 5.47 5.41 5.51 5.43 5.53
50,000 / $5,000,000 96.78 2.00 5.41 5.51 5.44 5.55 5.46 5.57
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 31.5% 34.5% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
5.25 % 7.66% 8.02% 8.61% 9.13%
5.25 7.66 8.02 8.61 9.13
5.27 7.69 8.05 8.64 9.17
5.28 7.71 8.06 8.66 9.18
5.32 7.77 8.12 8.72 9.25
5.35 7.81 8.17 8.77 9.30
5.38 7.85 8.21 8.82 9.36
5.41 7.90 8.26 8.87 9.41
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5666
Monthly plan 6/15/96 .4359 $ 5.2318
Quarterly plan 8/15/96 1.3158
11/15/96 1.3158 5.2638
Semi-annual plan 11/15/96 2.6406
5/15/97 2.6406 5.2828
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.80 = 100.200
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
100.200 X $5.2318 = $524.23
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MASSACHUSETTS
INSURED UNIT TRUST 134 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.27 - 5.48% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.35 - 5.62% - Diversified Portfolios
DATE OF DEPOSIT: March 22, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 26.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $98.53 to $95.61 depending on the purchase amount
Cusip 670947 613 monthly payment plan
Numbers 670947 621 quarterly payment plan
670947 639 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Massachusetts
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2013-15 14.7%
2016-18 0.0%
2019-21 7.7%
2022-24 43.3%
2025+ 34.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.33%
Tax Equivalent Yield 5.27%
Treasury Bonds
Pre-Tax 7.51%
Tax Equivalent Yield 6.61%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.41%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 43.5% FEDERAL AND STATE INCOME TAX
RATE AND A 12.0% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Massachusetts Bay Transportation Authority, General Transportation System 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.75% Due 3/1/25. (General Obligation Bonds.)
515,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
New England Medical Center Hospitals Issue, Series G-1, 5.375% Due 7/1/24.
515,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
The North Shore Medical Center Issue, Series A, 5.625% Due 7/1/14.
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
Smith College Issue, Series D, 5.75% Due 7/1/24.
520,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1995 Series 2005 at 102 AAA Aaa
B,
270M-4.75% Due 12/1/21, (Original issue discount bonds delivered on or
about January 4, 1996 at a price of 92.294% of principal amount.)
250M-5.00% Due 12/1/25. (Original issue discount bonds delivered on or
about January 4, 1996 at a price of 94.801% of principal amount.)
500,000 South Essex Sewerage District, Massachusetts, General Obligation Sewer 2006 at 102 AAA Aaa
Bonds, 1996 Series A, 5.25% Due 6/15/24.
450,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 98.53 4.90 % 5.27% 5.35% 5.30% 5.38% 5.32% 5.40 %
500 / $50,000 98.37 4.75 5.28 5.36 5.31 5.39 5.33 5.41
1,000 / $100,000 98.12 4.50 5.29 5.38 5.32 5.41 5.34 5.43
2,500 / $250,000 97.86 4.25 5.30 5.40 5.34 5.43 5.36 5.45
5,000 / $500,000 97.10 3.50 5.34 5.46 5.38 5.49 5.40 5.51
10,000 / $1,000,000 96.60 3.00 5.37 5.49 5.41 5.52 5.43 5.54
25,000 / $2,500,000 96.10 2.50 5.40 5.53 5.43 5.56 5.45 5.58
50,000 / $5,000,000 95.61 2.00 5.43 5.57 5.46 5.60 5.48 5.62
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 36.5% 39.5% 43.5% 47.0%
<C> <S> <C> <C> <C> <C>
5.27 % 8.30% 8.71% 9.33% 9.94%
5.28 8.31 8.73 9.35 9.96
5.29 8.33 8.74 9.36 9.98
5.30 8.35 8.76 9.38 10.00
5.34 8.41 8.83 9.45 10.08
5.37 8.46 8.88 9.50 10.13
5.40 8.50 8.93 9.56 10.19
5.43 8.55 8.98 9.61 10.25
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5619
Monthly plan 6/15/96 .4323 $ 5.1899
Quarterly plan 8/15/96 1.3050
11/15/96 1.3050 5.2219
Semi-annual plan 11/15/96 2.6190
5/15/97 2.6190 5.2409
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 98.60 = 101.419
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
101.419 X $5.1899 = $526.35
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MICHIGAN
INSURED UNIT TRUST 64 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.31 - 5.53% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.35 - 5.61% - Diversified Portfolios
DATE OF DEPOSIT: March 22, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,000,000 in 30,000 units
Average Life 28.6 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.24 to $98.25 depending on the purchase amount
Cusip 67095E 435 monthly payment plan
Numbers 67095E 443 quarterly payment plan
67095E 450 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Michigan
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2021-22 15.0%
2023-24 10.0%
2025+ 75.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.85%
Tax Equivalent Yield 5.31%
Treasury Bonds
Pre-Tax 7.04%
Tax Equivalent Yield 6.61%
Corporate Bonds
Yield 7.41%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 40.0% FEDERAL AND STATE INCOME TAX
RATE AND A 6.15% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 450,000 City of Detroit, Michigan, Water Supply System Revenue Second Lien Bonds, 2005 at 101 AAA Aaa
Series 1995-A, 5.50% Due 7/1/25.
450,000 Eaton Rapids Public Schools, Counties of Eaton and Ingham, State of 2004 at 101 AAA Aaa
Michigan, 1995 School Building and Site Bonds, 5.625% Due 5/1/25. (General
Obligation Bonds.)
450,000 The Economic Development Corporation of the City of Farmington Hills 2005 at 102 AAA Aaa
(Michigan), Revenue Bonds (Botsford Continuing Care Corporation Project),
Series 1995A, 5.75% Due 2/15/25.
300,000 Greenville Public Schools, Counties of Montcalm, Kent and Ionia, State of 2004 at 101 AAA Aaa
Michigan, 1995 School Building and Site Bonds, 5.75% Due 5/1/24. (Original
issue discount bonds delivered on or about March 16, 1995 at a price of
94.602% of principal amount.)(General Obligation Bonds.)
450,000 Board of Trustees of Oakland University, Michigan, General Revenue Bonds, 2005 at 102 AAA Aaa
Series 1995, 5.75% Due 5/15/26.
450,000 Shelby Public School, County of Oceana, State of Michigan, 1995 School 2004 at 101 AAA Aaa
Building and Site Bonds, 5.625% Due 5/1/21. (General Obligation Bonds.)
450,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,000,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 101.24 4.90 % 5.31% 5.35% 5.35% 5.39% 5.37% 5.40 %
500 / $50,000 101.08 4.75 5.32 5.36 5.35 5.40 5.37 5.41
1,000 / $100,000 100.82 4.50 5.34 5.38 5.37 5.42 5.39 5.43
2,500 / $250,000 100.55 4.25 5.35 5.39 5.38 5.43 5.40 5.44
5,000 / $500,000 99.77 3.50 5.39 5.45 5.43 5.49 5.44 5.50
10,000 / $1,000,000 99.26 3.00 5.42 5.49 5.45 5.53 5.47 5.54
25,000 / $2,500,000 98.75 2.50 5.45 5.53 5.48 5.57 5.50 5.58
50,000 / $5,000,000 98.25 2.00 5.48 5.56 5.51 5.60 5.53 5.61
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 32.5% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
5.31 % 7.87% 8.17% 8.85% 9.40%
5.32 7.88 8.18 8.87 9.42
5.34 7.91 8.22 8.90 9.45
5.35 7.93 8.23 8.92 9.47
5.39 7.99 8.29 8.98 9.54
5.42 8.03 8.34 9.03 9.59
5.45 8.07 8.38 9.08 9.65
5.48 8.12 8.43 9.13 9.70
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5826
Monthly plan 6/15/96 .4482 $ 5.3805
Quarterly plan 8/15/96 1.3527
11/15/96 1.3527 5.4125
Semi-annual plan 11/15/96 2.7144
5/15/97 2.7144 5.4315
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.31 = 98.706
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
98.706 X $5.3805 = $531.09
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW JERSEY
INSURED UNIT TRUST 204 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.28 - 5.49% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.31 - 5.57% - Diversified Portfolios
DATE OF DEPOSIT: March 22, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 29.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.96 to $97.97 depending on the purchase amount
Cusip 6706LA 373 monthly payment plan
Numbers 6706LA 381 quarterly payment plan
6706LA 399 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in New Jersey
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2017-20 14.3%
2021-24 28.5%
2025-28 28.6%
2029+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.80%
Tax Equivalent Yield 5.28%
Treasury Bonds
Pre-Tax 7.06%
Tax Equivalent Yield 6.61%
Corporate Bonds
Yield 7.41%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 40.0% FEDERAL AND STATE INCOME TAX
RATE AND A 6.37% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 500,000 New Jersey Educational Facilities Authority, Revenue Bonds, University of 2005 at 101 AAA Aaa
Medicine and Dentistry of New Jersey Issue, Series 1995B, 5.25% Due
12/1/25.
500,000 New Jersey Health Care Facilities Financing Authority, Revenue Bonds, 2004 at 100 AAA Aaa
Jersey Shore Medical Center Obligated Group Issue, Series 1994, 5.875% Due
7/1/24. (Original issue discount bonds delivered on or about August 2, 1994
at a price of 93.036% of principal amount.)
500,000 The Port Authority of New York and New Jersey, Consolidated Bonds, One 2005 at 101 AAA Aaa
Hundredth Series, 5.75% Due 6/15/30.
500,000 The Camden County Municipal Utilities Authority (Camden County, New 2006 at 102 AAA Aaa
Jersey), County Agreement Sewer Revenue Refunding Bonds, 1996 Series,
5.125% Due 7/15/17. (General Obligation Bonds.)
500,000 The Essex County Improvement Authority (Essex County, New Jersey), County 2006 at 102 AAA Aaa
of Essex General Obligation Lease Revenue Refunding Bonds, Series 1996
(County Jail and Youth House Projects), 5.35% Due 12/1/24.
500,000 The Pollution Control Financing Authority of Salem County (New Jersey), 2004 at 102 AAA Aaa
Pollution Control Revenue Refunding Bonds, 1994 Series C (Public Service
Electric and Gas Company Project), 6.20% Due 8/1/30.
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 100.96 4.90 % 5.28% 5.31% 5.31% 5.34% 5.33% 5.36 %
500 / $50,000 100.80 4.75 5.28 5.31 5.32 5.35 5.33 5.37
1,000 / $100,000 100.53 4.50 5.30 5.33 5.33 5.37 5.35 5.39
2,500 / $250,000 100.27 4.25 5.31 5.35 5.34 5.39 5.36 5.41
5,000 / $500,000 99.49 3.50 5.35 5.41 5.39 5.45 5.40 5.47
10,000 / $1,000,000 98.98 3.00 5.38 5.44 5.41 5.48 5.43 5.50
25,000 / $2,500,000 98.47 2.50 5.41 5.48 5.44 5.52 5.46 5.54
50,000 / $5,000,000 97.97 2.00 5.44 5.51 5.47 5.55 5.49 5.57
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 32.0% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
5.28 % 7.76% 8.12% 8.80% 9.35%
5.28 7.76 8.12 8.80 9.35
5.30 7.79 8.15 8.83 9.38
5.31 7.81 8.17 8.85 9.40
5.35 7.87 8.23 8.92 9.47
5.38 7.91 8.28 8.97 9.52
5.41 7.96 8.32 9.02 9.58
5.44 8.00 8.37 9.07 9.63
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5768
Monthly plan 6/15/96 .4437 $ 5.3259
Quarterly plan 8/15/96 1.3392
11/15/96 1.3392 5.3579
Semi-annual plan 11/15/96 2.6874
5/15/97 2.6874 5.3769
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.03 = 98.980
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
98.980 X $5.3259 = $527.16
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN OHIO
INSURED UNIT TRUST 132 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.27 - 5.48% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.27 - 5.54% - Diversified Portfolios
DATE OF DEPOSIT: March 22, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 25.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.23 to $99.20 depending on the purchase amount
Cusip 67102G 134 monthly payment plan
Numbers 67102G 142 quarterly payment plan
67102G 159 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Ohio
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2016-19 28.6%
2020-23 42.5%
2024+ 28.9%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.93%
Tax Equivalent Yield 5.27%
Treasury Bonds
Pre-Tax 7.04%
Tax Equivalent Yield 6.61%
Corporate Bonds
Yield 7.41%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 41.0% FEDERAL AND STATE INCOME TAX
RATE AND A 7.5% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 490,000 Ohio Water Development Authority, State of Ohio, Water Development Revenue 2005 at 102 AAA Aaa
Bonds, 1995 Fresh Water Series, 5.90% Due 12/1/21.
500,000 County of Butler, Ohio, Waterworks System Revenue Bonds, Series 1996 2006 at 101 AAA Aaa
(Butler County Water District), 5.125% Due 12/1/21.
500,000 University of Cincinnati (Ohio), General Receipts Bonds, Series W, 5.85% 2006 at 101 AAA Aaa
Due 6/1/16. (When issued.)
500,000 County of Mahoning, Ohio, Hospital Improvement Revenue Bonds, Series 1995 2005 at 102 AAA Aaa
(Western Reserve Care System Project), 5.50% Due 10/15/25.
500,000 City of Middleburg Heights, Ohio, Hospital Improvement Refunding Revenue 2008 at 102 AAA Aaa
Bonds, Series 1995 (Southwest General Health Center Project), 5.75% Due
8/15/21.
500,000 Olmsted Falls City School District, Ohio, Classroom Facilities Improvement 2004 at 102 AAA Aaa
Bonds, Series 1995, General Obligation, 5.85% Due 12/15/17.
510,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 102.23 4.90 % 5.27% 5.27% 5.30% 5.30% 5.32% 5.32 %
500 / $50,000 102.07 4.75 5.27 5.28 5.31 5.31 5.32 5.33
1,000 / $100,000 101.80 4.50 5.29 5.30 5.32 5.33 5.34 5.35
2,500 / $250,000 101.54 4.25 5.30 5.32 5.33 5.35 5.35 5.37
5,000 / $500,000 100.75 3.50 5.34 5.38 5.37 5.41 5.39 5.43
10,000 / $1,000,000 100.23 3.00 5.37 5.42 5.40 5.45 5.42 5.47
25,000 / $2,500,000 99.71 2.50 5.40 5.46 5.43 5.49 5.45 5.51
50,000 / $5,000,000 99.20 2.00 5.43 5.49 5.46 5.52 5.48 5.54
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 32.5% 36.0% 41.0% 44.0%
<C> <S> <C> <C> <C> <C>
5.27 % 7.81% 8.23% 8.93% 9.41%
5.27 7.81 8.23 8.93 9.41
5.29 7.84 8.27 8.97 9.45
5.30 7.85 8.28 8.98 9.46
5.34 7.91 8.34 9.05 9.54
5.37 7.96 8.39 9.10 9.59
5.40 8.00 8.44 9.15 9.64
5.43 8.04 8.48 9.20 9.70
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5830
Monthly plan 6/15/96 .4485 $ 5.3833
Quarterly plan 8/15/96 1.3536
11/15/96 1.3536 5.4153
Semi-annual plan 11/15/96 2.7162
5/15/97 2.7162 5.4343
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.30 = 97.751
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
97.751 X $5.3833 = $526.22
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN PENNSYLVANIA
INSURED UNIT TRUST 209 853
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.30 - 5.51% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.34 - 5.61% - Diversified Portfolios
DATE OF DEPOSIT: March 22, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 27.1 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.76 to $97.78 depending on the purchase amount
Cusip 6706H8 498 monthly payment plan
Numbers 6706H8 506 quarterly payment plan
6706H8 514 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Pennsylvania
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2019-21 42.8%
2022-24 14.3%
2025+ 42.9%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 03/21/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.55%
Tax Equivalent Yield 5.30%
Treasury Bonds
Pre-Tax 6.80%
Tax Equivalent Yield 6.61%
Corporate Bonds
Yield 7.41%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 38.0% FEDERAL AND STATE INCOME TAX
RATE AND A 2.8% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 2/29/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Pennsylvania Higher Educational Facilities Authority (Commonwealth of Penn- 2006 at 100 AAA Aaa
sylvania), Revenue Bonds, State System of Higher Education, Series N, 5.80%
Due 6/15/24. (When issued.)
500,000 Allegheny County Hospital Development Authority (Pennsylvania), Health 2005 at 102 AAA Aaa
Center Revenue Bonds, Series of 1995 (University of Pittsburgh Medical
Center System), 5.375% Due 12/1/25.
500,000 Bellefonte Area School District (Centre County, Pennsylvania), General 2006 at 100 AAA Aaa
Obligation Bonds, Series of 1996, 5.50% Due 5/15/26.
500,000 Cambria County Industrial Development Authority (Pennsylvania), Pollution 2005 at 102 AAA Aaa
Control Revenue Refunding Bonds, 1995 Series A (Pennsylvania Electric
Company Project), 5.80% Due 11/1/20.
500,000 Delaware County Authority (Commonwealth of Pennsylvania), Hospital Revenue 2005 at 102 AAA Aaa
Bonds, Series of 1995 (Delaware County Memorial Hospital), 5.50% Due
8/15/19. (Original issue discount bonds delivered on or about July 27, 1995
at a price of 94.645% of principal amount.)
500,000 The Pittsburgh (Pennsylvania), Water and Sewer Authority, Water and Sewer 2005 at 100 AAA Aaa
System Subordinate Revenue Bonds, Series B of 1995, 5.70% Due 9/1/20.
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 03/21/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 100.76 4.90 % 5.30% 5.34% 5.33% 5.37% 5.35% 5.39 %
500 / $50,000 100.60 4.75 5.31 5.35 5.34 5.38 5.36 5.40
1,000 / $100,000 100.33 4.50 5.32 5.37 5.35 5.40 5.37 5.42
2,500 / $250,000 100.07 4.25 5.33 5.39 5.37 5.42 5.38 5.44
5,000 / $500,000 99.30 3.50 5.37 5.45 5.41 5.48 5.43 5.50
10,000 / $1,000,000 98.78 3.00 5.40 5.48 5.44 5.51 5.45 5.53
25,000 / $2,500,000 98.28 2.50 5.43 5.52 5.46 5.55 5.48 5.57
50,000 / $5,000,000 97.78 2.00 5.46 5.56 5.49 5.59 5.51 5.61
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 30.0% 33.0% 38.0% 41.5%
<C> <S> <C> <C> <C> <C>
5.30 % 7.57% 7.91% 8.55% 9.06%
5.31 7.59 7.93 8.56 9.08
5.32 7.60 7.94 8.58 9.09
5.33 7.61 7.96 8.60 9.11
5.37 7.67 8.01 8.66 9.18
5.40 7.71 8.06 8.71 9.23
5.43 7.76 8.10 8.76 9.28
5.46 7.80 8.15 8.81 9.33
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
05/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/96 $ .5779
Monthly plan 6/15/96 .4446 $ 5.3371
Quarterly plan 8/15/96 1.3419
11/15/96 1.3419 5.3691
Semi-annual plan 11/15/96 2.6928
5/15/97 2.6928 5.3881
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.83 = 99.176
investment offering price # of units
(as of and accrued purchased
03/21/96) interest
99.176 X $5.3371 = $529.31
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
