<PAGE>
NUVEEN
NUVEEN VIRGINIA
TRADITIONAL UNIT TRUST 308 858
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.32 - 5.54% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.38 - 5.65% - Dependable Income
DATE OF DEPOSIT: April 18, 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 26.6 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.61 to $96.66 depending on the purchase amount
Cusip 6706LB 165 monthly payment plan
Numbers 6706LB 173 quarterly payment plan
6706LB 181 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 72%
AA 14
A 14
---------
100%
Registration Registered in Virginia
</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)
2014-2017 14.3%
2018-2021 28.6%
2022-2025 42.8%
2026+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.79%
Tax Equivalent Yield 5.32%
Treasury Bonds
Pre-Tax 7.23%
Tax Equivalent Yield 6.81%
Corporate Bonds
Yield 7.62%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 39.5% FEDERAL AND STATE INCOME TAX
RATE AND A 5.75% 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.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS VIRGINIA 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 Capital Region Airport Commission, Richmond (Virginia), International AAA Aaa
Airport Projects, Airport Revenue Bonds, Series 1995A, 5.625% Due 7/1/25.
(AMBAC Insured.) 2005 at 102
500,000 Fairfax County Economic Development Authority (Virginia), Lease Revenue AA Aa
Bonds (Government Center Properties), Series 1994, 5.50% Due 5/15/18.
(Original issue discount bonds delivered on or about March 15, 1994 at a
price of 93.654% of principal amount.) 2004 at 102
500,000 City of Norfolk, Virginia, Water Revenue Bonds, Series 1995, 5.90% Due AAA Aaa
11/1/25. (MBIA Insured.) 2005 at 102
500,000 City of Richmond, Virginia, General Obligation Public Improvement Refunding AAA Aaa
Bonds, Series 1995B, 5.00% Due 1/15/21. (FGIC Insured.) 2006 at 102
500,000 Riverside Regional Jail Authority (Virginia), Jail Facility Revenue Bonds, AAA Aaa
Series 1995, 6.00% Due 7/1/25. (MBIA Insured.) 2005 at 102
500,000 Upper Occoquan Sewage Authority (Virginia), Regional Sewerage System AAA Aaa
Revenue Bonds, Series of 1995A, 4.75% Due 7/1/29. (Original issue discount
bonds delivered on or about January 9, 1996 at a price of 91.422% of
principal amount.)(MBIA Insured.) 2006 at 100
500,000 Industrial Development Authority of Washington County (Virginia), Hospital -- A
Facility First Mortgage Revenue Refunding Bonds (Johnston Memorial
Hospital), Series 1995, 6.00% Due 7/1/14. 2005 at 102
----------------------------------------------------------------------------------------------------------------
$ 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 04/17/96.
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 $ 99.61 4.90 % 5.32% 5.38% 5.35% 5.41% 5.37% 5.43 %
500 / $50,000 99.45 4.75 5.33 5.39 5.36 5.42 5.38 5.44
1,000 / $100,000 99.19 4.50 5.34 5.41 5.38 5.44 5.40 5.46
2,500 / $250,000 98.93 4.25 5.36 5.42 5.39 5.45 5.41 5.47
5,000 / $500,000 98.17 3.50 5.40 5.48 5.43 5.51 5.45 5.53
10,000 / $1,000,000 97.66 3.00 5.43 5.52 5.46 5.55 5.48 5.57
25,000 / $2,500,000 97.16 2.50 5.46 5.56 5.49 5.59 5.51 5.61
50,000 / $5,000,000 96.66 2.00 5.48 5.60 5.52 5.63 5.54 5.65
</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% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.32 % 7.82% 8.18% 8.79% 9.33%
5.33 7.84 8.20 8.81 9.35
5.34 7.85 8.22 8.83 9.37
5.36 7.88 8.25 8.86 9.40
5.40 7.94 8.31 8.93 9.47
5.43 7.99 8.35 8.98 9.53
5.46 8.03 8.40 9.02 9.58
5.48 8.06 8.43 9.06 9.61
</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
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .6329
Monthly plan 7/15/96 .4416 $ 5.3017
Quarterly plan 8/15/96 .8886
11/15/96 1.3329 5.3337
Semi-annual plan 11/15/96 2.2290
5/15/97 2.6748 5.3527
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.68 = 100.321
investment offering price # of units
(as of and accrued purchased
04/17/96) interest
100.321 X $5.3017 = $531.87
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 317 858
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.41 - 5.63% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.46 - 5.72% - Diversified Portfolios
DATE OF DEPOSIT: April 18, 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 29.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.37 to $97.40 depending on the purchase amount
Cusip 6710A4 702 monthly payment plan
Numbers 6710A4 710 quarterly payment plan
6710A4 728 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 9.7 % Iowa 9.8 % Illinois 9.9 %
Indiana 10.8 Massachusetts 10.2 New Jersey 11.0
New York 10.2 Ohio 10.8 Oklahoma 8.8
Utah 8.8
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2020-22 30.0%
2023-25 40.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2026-28 10.0%
2029+ 20.0
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/17/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.45%
Tax Equivalent Yield 5.41%
Treasury Bonds
Pre-Tax 7.17%
Tax Equivalent Yield 6.81%
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.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<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>
----------------------------------------------------------------------------------------------------------------
$ 1,000,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1996A, 5.50% Due 11/15/25. (Original issue discount bonds delivered on or
about March 28, 1996 at a price of 93.497% of principal amount.) 2006 at 101
1,000,000 Regional Transportation Authority (Cook, DuPage, Kane, Lake, McHenry and AAA Aaa
Will Counties, Illinois), General Obligation Refunding Bonds, Series 1996,
5.60% Due 6/1/25. 2005 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
1,000,000 Woodbury County, Iowa, Health System Revenue Refunding Bonds (St. Luke's AAA Aaa
Obligated Group), Series 1995A, 5.55% Due 9/1/20. (Original issue discount
bonds delivered on or about October 26, 1995 at a price of 94.217% of
principal amount.) 2005 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 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
1,000,000 Dormitory Authority of the State of New York, State University Educational AAA Aaa
Facilities Revenue Bonds, Series 1994B, 5.75% Due 5/15/24. (Original issue
discount bonds delivered on or about September 13, 1994 at a price of
91.125% of principal amount.) 2004 at 100
1,000,000 State of Ohio, Ohio Air Quality Development Authority, Air Quality AAA Aaa
Development Revenue Refunding Bonds, 1995 Series (The Dayton Power and
Light Company Project), 6.10% Due 9/1/30. 2005 at 102
1,000,000 Tulsa (Oklahoma), Industrial Authority, Revenue and Refunding Bonds (The AAA Aaa
University of Tulsa), Series 1996A, 5.00% Due 10/1/22. (Original issue
discount bonds delivered on or about March 21, 1996 at a price of 90.482%
of principal amount.) 2006 at 102
1,000,000 Intermountain Power Agency (Utah), Power Supply Revenue Refunding Bonds, AAA Aaa
1996 Series D, 5.00% Due 7/1/21. (Original issue discount bonds delivered
on or about February 27, 1996 at a price of 94.504% of principal amount.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 10 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 04/17/96.
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 $.08. 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 $ 100.37 4.90 % 5.41% 5.46% 5.44% 5.49% 5.46% 5.51 %
500 / $50,000 100.21 4.75 5.42 5.47 5.45 5.50 5.47 5.52
1,000 / $100,000 99.95 4.50 5.43 5.49 5.46 5.52 5.48 5.54
2,500 / $250,000 99.69 4.25 5.44 5.51 5.48 5.54 5.50 5.56
5,000 / $500,000 98.91 3.50 5.49 5.56 5.52 5.59 5.54 5.61
10,000 / $1,000,000 98.40 3.00 5.52 5.60 5.55 5.63 5.57 5.65
25,000 / $2,500,000 97.90 2.50 5.54 5.64 5.58 5.67 5.60 5.69
50,000 / $5,000,000 97.40 2.00 5.57 5.67 5.61 5.70 5.63 5.72
</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>
5.41 % 7.51% 7.84% 8.45% 8.96%
5.42 7.53 7.86 8.47 8.97
5.43 7.54 7.87 8.48 8.99
5.44 7.56 7.88 8.50 9.01
5.49 7.63 7.96 8.58 9.09
5.52 7.67 8.00 8.63 9.14
5.54 7.69 8.03 8.66 9.17
5.57 7.74 8.07 8.70 9.22
</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
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .6480
Monthly plan 7/15/96 .4521 $ 5.4279
Quarterly plan 8/15/96 .9096
11/15/96 1.3644 5.4599
Semi-annual plan 11/15/96 2.2815
5/15/97 2.7378 5.4789
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.45 = 99.552
investment offering price # of units
(as of and accrued purchased
04/17/96) interest
99.552 X $5.4279 = $540.36
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW JERSEY
INSURED UNIT TRUST 205 858
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.26 - 5.47% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.27 - 5.54% - Diversified Portfolios
DATE OF DEPOSIT: April 18, 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 26.8 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.51 to $98.51 depending on the purchase amount
Cusip 6706LA 407 monthly payment plan
Numbers 6706LA 415 quarterly payment plan
6706LA 423 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)
2012-15 14.3%
2016-19 14.3%
2020-23 7.1%
2024-27 50.0%
2028+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.77%
Tax Equivalent Yield 5.26%
Treasury Bonds
Pre-Tax 7.27%
Tax Equivalent Yield 6.81%
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 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 3/31/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS NEW JERSEY 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 New Jersey Economic Development Authority, Insured Revenue Bonds 2005 at 102 AAA Aaa
(Educational Testing Service Issue), Series 1995A, 6.00% Due 5/15/25.
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.
250,000 New Jersey Educational Facilities Authority, Princeton University Revenue 2004 at 100 AAA Aaa
Bonds, 1994 Series A, 5.875% Due 7/1/20.
250,000 New Jersey Educational Facilities Authority, Revenue Bonds, Trenton State 2006 at 101 AAA Aaa
College Issue, Series 1996 A, 5.75% Due 7/1/26.
500,000 The Port Authority of New York and New Jersey, Consolidated Bonds, One 2005 at 101 AAA Aaa
Hundred Third Series, 5.25% Due 12/15/12.
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 B (Public Service
Electric and Gas Company Project), 6.25% Due 6/1/31.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 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 04/17/96.
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 $ 101.51 4.90 % 5.26% 5.27% 5.29% 5.30% 5.31% 5.32 %
500 / $50,000 101.35 4.75 5.27 5.28 5.30 5.31 5.32 5.33
1,000 / $100,000 101.09 4.50 5.28 5.30 5.31 5.33 5.33 5.35
2,500 / $250,000 100.83 4.25 5.29 5.32 5.32 5.35 5.34 5.37
5,000 / $500,000 100.04 3.50 5.33 5.38 5.37 5.41 5.39 5.43
10,000 / $1,000,000 99.53 3.00 5.36 5.41 5.39 5.44 5.41 5.46
25,000 / $2,500,000 99.02 2.50 5.39 5.45 5.42 5.48 5.44 5.50
50,000 / $5,000,000 98.51 2.00 5.42 5.49 5.45 5.52 5.47 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 32.0% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
5.26 % 7.74% 8.09% 8.77% 9.31%
5.27 7.75 8.11 8.78 9.33
5.28 7.76 8.12 8.80 9.35
5.29 7.78 8.14 8.82 9.36
5.33 7.84 8.20 8.88 9.43
5.36 7.88 8.25 8.93 9.49
5.39 7.93 8.29 8.98 9.54
5.42 7.97 8.34 9.03 9.59
</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
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .6372
Monthly plan 7/15/96 .4446 $ 5.3363
Quarterly plan 8/15/96 .8946
11/15/96 1.3419 5.3683
Semi-annual plan 11/15/96 2.2440
5/15/97 2.6928 5.3873
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.58 = 98.444
investment offering price # of units
(as of and accrued purchased
04/17/96) interest
98.444 X $5.3363 = $525.33
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
