<PAGE>
NUVEEN
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 279 855
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.08 - 5.29% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.16 - 5.45% - Dependable Income
DATE OF DEPOSIT: April 3, 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 $3,500,000 in 35,000 units
Average Life 21.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.65 to $97.67 depending on the purchase amount
Cusip 67094E 857 monthly payment plan
Numbers 67094E 865 quarterly payment plan
67094E 873 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 86%
AA 14
---------
100%
Registration Registered in Connecticut
</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)
2012-14 33.9%
2015-17 37.5%
2018-20 0.0%
2021-23 14.3%
2024+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/02/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.33%
Tax Equivalent Yield 5.08%
Treasury Bonds
Pre-Tax 6.91%
Tax Equivalent Yield 6.60%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.62%
</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 4.5% 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 3/31/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS CONNECTICUT TRADITIONAL 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 State of Connecticut, General Obligation Bonds (1995 Series B), 5.375% Due AA- Aa
10/1/13. 2005 at 101
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA --
Bonds, Bridgeport Hospital Issue, Series C, 5.375% Due 7/1/25. (ConnieLee
Insured.) 2006 at 102
415,000 State of Connecticut Health and Educational Facilities Authortiy, Revenue AAA Aaa
Bonds, Greenwich Academy Issue, Series A, 5.70% Due 3/1/16. (FSA Insured.) 2006 at 101
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Kent School Issue, Series B, 5.40% Due 7/1/23. (MBIA Insured.) 2005 at 101
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Nursing Home Program Issue, Series 1994 (Saint Joseph's Living
Center Project), 4.75% Due 11/1/14. (General Obligation Bonds.) (AMBAC
Insured.) 2004 at 102
500,000 State of Connecticut, Special Tax Obligation Bonds, Transportation AAA Aaa
Infrastructure Purposes, 1995 Series B, 5.625% Due 10/1/15. (FGIC Insured.) 2004 at 101
400,000 City of Stamford, Connecticut, General Obligation Bonds, Issue of 1995, AAA Aaa
5.50% Due 3/15/15. 2004 at 102
185,000 The University of Connecticut, General Obligation Bonds, 1996 Series A, AAA Aaa
5.00% Due 2/1/12. (FGIC Insured.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS
</TABLE>
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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 04/02/96.
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 $.09. 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 $ 100.65 4.90 % 5.08% 5.16% 5.11% 5.19% 5.13% 5.21 %
500 / $50,000 100.49 4.75 5.09 5.17 5.12 5.20 5.14 5.22
1,000 / $100,000 100.23 4.50 5.10 5.19 5.13 5.22 5.15 5.24
2,500 / $250,000 99.97 4.25 5.12 5.21 5.15 5.24 5.17 5.26
5,000 / $500,000 99.19 3.50 5.16 5.28 5.19 5.31 5.21 5.33
10,000 / $1,000,000 98.68 3.00 5.18 5.32 5.21 5.35 5.23 5.37
25,000 / $2,500,000 98.17 2.50 5.21 5.36 5.24 5.39 5.26 5.41
50,000 / $5,000,000 97.67 2.00 5.24 5.40 5.27 5.43 5.29 5.45
</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 31.0% 34.0% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
5.08 % 7.36% 7.70% 8.33% 8.83%
5.09 7.38 7.71 8.34 8.85
5.10 7.39 7.73 8.36 8.87
5.12 7.42 7.76 8.39 8.90
5.16 7.48 7.82 8.46 8.97
5.18 7.51 7.85 8.49 9.01
5.21 7.55 7.89 8.54 9.06
5.24 7.59 7.94 8.59 9.11
</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 $ .3976
Monthly plan 6/15/96 .4260 $ 5.1141
Quarterly plan 8/15/96 1.2861
11/15/96 1.2861 5.1461
Semi-annual plan 11/15/96 2.5812
5/15/97 2.5812 5.1651
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.74 = 99.265
investment offering price # of units
(as of and accrued purchased
04/02/96) interest
99.265 X $5.1141 = $507.65
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 316 855
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.31 - 5.52% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.37 - 5.62% - Diversified Portfolios
DATE OF DEPOSIT: April 3, 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 income tax but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $10,000,000 in 100,000 units
Average Life 29.3 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.63 to $97.65 depending on the purchase amount
Cusip 6710A4 678 monthly payment plan
Numbers 6710A4 686 quarterly payment plan
6710A4 694 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 all states
</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>
- --------------------------------------------------------------------------------
PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Colorado 1.2 % Iowa 16.6 % Illinois 10.8 %
Indiana 11.0 Massachusetts 12.6 Michigan 10.1
New Jersey 11.1 Oregon 5.1 Texas 10.5
Washington 11.0
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2016-20 10.0%
2021-25 50.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2026-2030 30.0%
2031+ 10.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/02/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.30%
Tax Equivalent Yield 5.31%
Treasury Bonds
Pre-Tax 6.95%
Tax Equivalent Yield 6.60%
Corporate Bonds
Yield 7.62%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 36.0% FEDERAL AND 5.0% STATE INCOME
TAX RATES. 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 3/31/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS NATIONAL INSURED UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 115,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
500,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Bonds, Series 1992A, 0.00% Due 6/15/17. (Original issue
discount bonds delivered on or about January 5, 1993 at a price of 19.735%
of principal amount.) No Optional
Call
1,000,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Refunding Bonds, Series 1994A, 6.00% Due 6/15/27.
(Original issue discount bonds delivered on or about June 23, 1994 at a
price of 93.881% of principal amount.) 2004 at 102
1,000,000 Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Series AAA Aaa
1995 (Marion General Hospital Project), 6.10% Due 7/1/25. 2005 at 102
650,000 Iowa Finance Authority, Private College Refunding Revenue Bonds (Drake AAA Aaa
University Project), Series 1996, 5.40% Due 12/1/21. 2005 at 102
1,000,000 City of Iowa City, Johnson County, Iowa, Sewer Revenue Bonds, 5.75% Due AAA Aaa
7/1/21. (When issued.) 2006 at 100
235,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
New England Medical Center Hospitals Issue, Series G-1, 5.375% Due 7/1/24. 2004 at 102
1,000,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Suffolk University Issue, Series C, 5.75% Due 7/1/26. 2006 at 102
1,000,000 Eaton Rapids Public Schools, Counties of Eaton and Ingham, State of AAA Aaa
Michigan, 1995 School Building and Site Bonds, 5.625% Due 5/1/25. (General
Obligation Bonds.) 2004 at 101
1,000,000 The Pollution Control Financing Authority of Salem County (New Jersey), AAA Aaa
Pollution Control Revenue Refunding Bonds, 1994 Series C (Public Service
Electric and Gas Company Project), 6.20% Due 8/1/30. 2004 at 102
500,000 State of Oregon, Department of Administrative Services, Certificates of AAA Aaa
Participation, 1996 Series A, 5.70% Due 5/1/16. (When issued.) 2006 at 101
1,000,000 Copperas Cove (Texas), Health Facilities Development Corporation, Hospital AAA Aaa
Revenue Bonds, Series 1995 (Adventist Health System/Sunbelt Obligated
Group), 5.875% Due 11/15/25. 2005 at 102
1,000,000 King County, Washington, Limited Tax General Obligation Bonds, 1995, 6.125% AAA Aaa
Due 1/1/33. 2005 at 102
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 13 BONDS FROM 10 STATES
</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 04/02/96.
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 $.09. 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 $ 100.63 4.90 % 5.31% 5.37% 5.34% 5.40% 5.36% 5.42 %
500 / $50,000 100.47 4.75 5.32 5.37 5.35 5.40 5.37 5.42
1,000 / $100,000 100.21 4.50 5.33 5.39 5.36 5.42 5.38 5.44
2,500 / $250,000 99.95 4.25 5.35 5.41 5.38 5.44 5.40 5.46
5,000 / $500,000 99.17 3.50 5.39 5.47 5.42 5.50 5.44 5.52
10,000 / $1,000,000 98.66 3.00 5.42 5.50 5.45 5.53 5.47 5.55
25,000 / $2,500,000 98.15 2.50 5.44 5.54 5.48 5.57 5.50 5.59
50,000 / $5,000,000 97.65 2.00 5.47 5.57 5.50 5.60 5.52 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 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.31 % 7.38% 7.70% 8.30% 8.79%
5.32 7.39 7.71 8.31 8.81
5.33 7.40 7.72 8.33 8.82
5.35 7.43 7.75 8.36 8.86
5.39 7.49 7.81 8.42 8.92
5.42 7.53 7.86 8.47 8.97
5.44 7.56 7.88 8.50 9.01
5.47 7.60 7.93 8.55 9.06
</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 $ .4155
Monthly plan 6/15/96 .4452 $ 5.3429
Quarterly plan 8/15/96 1.3437
11/15/96 1.3437 5.3749
Semi-annual plan 11/15/96 2.6964
5/15/97 2.6964 5.3939
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.72 = 99.285
investment offering price # of units
(as of and accrued purchased
04/02/96) interest
99.285 X $5.3429 = $530.47
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
