<PAGE>
NUVEEN
NUVEEN ARIZONA
INSURED UNIT TRUST 45 859
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.11 - 5.31% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.16 - 5.45% - Diversified Portfolios
DATE OF DEPOSIT: April 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 20.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.33 to $97.36 depending on the purchase amount
Cusip 67101J 642 monthly payment plan
Numbers 67101J 659 quarterly payment plan
67101J 667 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 Arizona
</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 38.8%
2015-17 29.4%
2018-20 7.1%
2021-23 11.1%
2024+ 13.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/19/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.45%
Tax Equivalent Yield 5.11%
Treasury Bonds
Pre-Tax 7.15%
Tax Equivalent Yield 6.78%
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 39.5% FEDERAL AND STATE INCOME TAX
RATE AND A 5.20% 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 ARIZONA 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>
----------------------------------------------------------------------------------------------------------------
$ 140,000 Arizona State University Research Park, Development Refunding Bonds, Series 2006 at 100 AAA Aaa
1995, 5.00% Due 7/1/21.
525,000 City of Douglas (Arizona), Municipal Property Corporation, Municipal 2005 at 101 AAA Aaa
Facilities Excise Tax Revenue Bonds, Series 1995, 5.75% Due 7/1/15.
250,000 Glendale Union High School District No. 205 of Maricopa County, Arizona, 2005 at 101 AAA Aaa
School Improvement Bonds (Projects of 1993), Series B (1995), 5.70% Due
7/1/14. (General Obligation Bonds.)
500,000 The Industrial Development Authority of the County of Maricopa, Arizona, 2005 at 101 AAA Aaa
Baptist Hospital System Revenue Refunding Bonds, Series 1995, 5.50% Due
9/1/13. (Original issue discount bonds delivered on or about August 31,
1995 at a price of 94.018% of principal amount.)
500,000 City of Phoenix Civic Improvement Corporation (Arizona), Wastewater System 2004 at 102 AAA Aaa
Lease Revenue Refunding Bonds, Series 1993,
250M-5.00% Due 7/1/18,
250M-4.75% Due 7/1/23. (Original issue discount bonds delivered on or about
November 4, 1993 at a price of 92.50% of principal amount.)
500,000 The Industrial Development Authority of the County of Pima, Arizona, 2004 at 102 AAA Aaa
Insured Refunding Revenue Bonds (Tucson Medical Center), Series 1993A,
5.00% Due 4/1/15. (Original issue discount bonds delivered on or about
December 2, 1993 at a price of 93.497% of principal amount.)
250,000 The Industrial Development Authority of the County of Pima, Arizona, Health No Optional AAA Aaa
Care System Revenue Bonds, Carondelet Health Care Corporation of Arizona Call
Issue, Series 1993, 5.25% Due 7/1/12.
360,000 Tolleson Union High School District No. 214 of Maricopa County, Arizona, 2005 at 101 AAA Aaa
School Improvement Bonds, Series 1995, 5.75% Due 7/1/14. (General
Obligation Bonds.)
475,000 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 9 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 04/19/96.
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 $.04. 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 $ 100.33 4.90 % 5.11% 5.16% 5.14% 5.19% 5.16% 5.20 %
500 / $50,000 100.17 4.75 5.11 5.16 5.15 5.19 5.16 5.21
1,000 / $100,000 99.91 4.50 5.13 5.19 5.16 5.22 5.18 5.24
2,500 / $250,000 99.65 4.25 5.14 5.21 5.17 5.24 5.19 5.26
5,000 / $500,000 98.87 3.50 5.18 5.27 5.21 5.30 5.23 5.32
10,000 / $1,000,000 98.36 3.00 5.21 5.31 5.24 5.34 5.26 5.37
25,000 / $2,500,000 97.86 2.50 5.23 5.36 5.27 5.39 5.29 5.41
50,000 / $5,000,000 97.36 2.00 5.26 5.40 5.29 5.43 5.31 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% 34.5% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.11 % 7.41% 7.80% 8.45% 8.96%
5.11 7.41 7.80 8.45 8.96
5.13 7.43 7.83 8.48 9.00
5.14 7.45 7.85 8.50 9.02
5.18 7.51 7.91 8.56 9.09
5.21 7.55 7.95 8.61 9.14
5.23 7.58 7.98 8.64 9.18
5.26 7.62 8.03 8.69 9.23
</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 $ .5545
Monthly plan 7/15/96 .4266 $ 5.1223
Quarterly plan 8/15/96 .8586
11/15/96 1.2879 5.1543
Semi-annual plan 11/15/96 2.1555
5/15/97 2.5866 5.1733
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.37 = 99.631
investment offering price # of units
(as of and accrued purchased
04/19/96) interest
99.631 X $5.1223 = $510.34
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN CALIFORNIA
INSURED UNIT TRUST 264 859
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.29 - 5.51% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.35 - 5.62% - Diversified Portfolios
DATE OF DEPOSIT: April 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 $5,000,000 in 50,000 units
Average Life 25.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.06 to $98.07 depending on the purchase amount
Cusip 67064W 614 monthly payment plan
Numbers 67064W 622 quarterly payment plan
67064W 630 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 California
</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)
2014-16 15.0%
2017-19 25.0%
2020-22 13.8%
2023+ 46.2%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/19/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.12%
Tax Equivalent Yield 5.29%
Treasury Bonds
Pre-Tax 7.48%
Tax Equivalent Yield 6.78%
Corporate Bonds
Yield 7.62%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 42.0% FEDERAL AND STATE INCOME TAX
RATE AND A 9.30% 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 CALIFORNIA 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>
----------------------------------------------------------------------------------------------------------------
$ 750,000 State of California, Various Purpose General Obligation Refunding Bonds, 2006 at 101 AAA Aaa
5.50% Due 9/1/18.
750,000 California Statewide Communities Development Authority, Insured Health 2006 at 102 AAA Aaa
Facility Revenue Certificates of Participation (San Gabriel Valley Medical
Center), 1996 Series A, 5.50% Due 9/1/14.
355,000 California Statewide Communities Development Authority, Certificates of 2004 at 102 AAA Aaa
Participation, Sharp Healthcare Obligated Group, 6.00% Due 8/15/24.
340,000 California Statewide Communities Development Authority, Certificates of 2005 at 102 AAA Aaa
Participation (Sutter Health Obligated Group), 5.50% Due 8/15/22. (Original
issue discount bonds delivered on or about July 18, 1995 at a price of
92.464% of principal amount.)
500,000 State Public Works Board of the State of California, Lease Revenue Bonds 2004 at 102 AAA Aaa
(Department of Corrections), 1993 Series E (California State Prison-Madera
County (II)), 5.50% Due 6/1/19.
680,000 The City of Los Angeles, California, Wastewater System Revenue Bonds, 2004 at 102 AAA Aaa
Series 1994-A, 5.875% Due 6/1/24.
750,000 Sacramento Municipal Utility District (California), Electric Revenue Bonds, 2006 at 102 AAA Aaa
1996 Series J, 5.60% Due 8/15/24.
350,000 The Metropolitan Water District of Southern California, Water Revenue 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.75% Due 7/1/21.
525,000 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
----------------------------------------------------------------------------------------------------------------
$ 5,000,000 TOTAL 9 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 04/19/96.
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 $.04. 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 $ 101.06 4.90 % 5.29% 5.35% 5.33% 5.38% 5.34% 5.40 %
500 / $50,000 100.90 4.75 5.30 5.36 5.33 5.39 5.35 5.41
1,000 / $100,000 100.64 4.50 5.32 5.38 5.35 5.41 5.37 5.43
2,500 / $250,000 100.38 4.25 5.33 5.40 5.36 5.43 5.38 5.45
5,000 / $500,000 99.60 3.50 5.37 5.46 5.40 5.49 5.42 5.51
10,000 / $1,000,000 99.08 3.00 5.40 5.50 5.43 5.53 5.45 5.55
25,000 / $2,500,000 98.57 2.50 5.43 5.54 5.46 5.57 5.48 5.59
50,000 / $5,000,000 98.07 2.00 5.46 5.57 5.49 5.60 5.51 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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
5.29 % 8.08% 8.46% 9.12% 9.62%
5.30 8.09 8.48 9.14 9.64
5.32 8.12 8.51 9.17 9.67
5.33 8.14 8.53 9.19 9.69
5.37 8.20 8.59 9.26 9.76
5.40 8.24 8.64 9.31 9.82
5.43 8.29 8.69 9.36 9.87
5.46 8.34 8.74 9.41 9.93
</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 $ .5795
Monthly plan 7/15/96 .4458 $ 5.3506
Quarterly plan 8/15/96 .8970
11/15/96 1.3455 5.3826
Semi-annual plan 11/15/96 2.2500
5/15/97 2.7000 5.4016
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.10 = 98.911
investment offering price # of units
(as of and accrued purchased
04/19/96) interest
98.911 X $5.3506 = $529.23
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN COLORADO
INSURED UNIT TRUST 63 859
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.15 - 5.36% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.23 - 5.52% - Diversified Portfolios
DATE OF DEPOSIT: April 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 23.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.64 to $96.69 depending on the purchase amount
Cusip 6706E9 408 monthly payment plan
Numbers 6706E9 416 quarterly payment plan
6706E9 424 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 Colorado
</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 21.4%
2015-17 14.3%
2018-20 28.6%
2021-23 0.0%
2024+ 35.7%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/19/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.44%
Tax Equivalent Yield 5.15%
Treasury Bonds
Pre-Tax 7.14%
Tax Equivalent Yield 6.78%
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 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 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 COLORADO 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>
----------------------------------------------------------------------------------------------------------------
$ 250,000 Colorado Health Facilities Authority, Hospital Revenue Bonds (The 2006 at 101 AAA Aaa
Children's Hospital Association Project), Series 1996, 5.25% Due 10/1/26.
500,000 Board of Trustees of the State Colleges in Colorado, Auxiliary Facilities 2004 at 101 AAA Aaa
System-Enterprise Revenue Bonds, Mesa State College Project, Series B 1994,
5.75% Due 5/15/19.
500,000 City of Colorado Springs, Colorado, Utilities System Improvement and 2004 at 100 AAA Aaa
Refunding Revenue Bonds, Series 1994A, 5.125% Due 11/15/19.
500,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series 2006 at 101 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.)
250,000 School District No. 1 in the City and County of Denver, and State of 2004 at 101 AAA Aaa
Colorado, General Obligation Refunding Bonds, Series 1994A, 5.125% Due
12/1/12.
500,000 El Paso County School District No. 20-Academy, El Paso County, Colorado, 2005 at 100 AAA Aaa
General Obligation Bonds, Series 1995, 5.55% Due 12/15/14.
500,000 Summit School District RE-1, Summit County, Colorado, General Obligation 2006 at 100 AAA Aaa
Refunding and Improvement Bonds, Series 1996A, 5.10% Due 12/1/15.
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 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 04/19/96.
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 $.04. 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 $ 99.64 4.90 % 5.15% 5.23% 5.19% 5.27% 5.20% 5.29 %
500 / $50,000 99.49 4.75 5.16 5.24 5.19 5.28 5.21 5.30
1,000 / $100,000 99.23 4.50 5.17 5.26 5.21 5.30 5.23 5.32
2,500 / $250,000 98.97 4.25 5.19 5.28 5.22 5.32 5.24 5.34
5,000 / $500,000 98.20 3.50 5.23 5.34 5.26 5.38 5.28 5.40
10,000 / $1,000,000 97.69 3.00 5.26 5.38 5.29 5.42 5.31 5.44
25,000 / $2,500,000 97.19 2.50 5.28 5.42 5.32 5.46 5.34 5.48
50,000 / $5,000,000 96.69 2.00 5.31 5.46 5.34 5.50 5.36 5.52
</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>
5.15 % 7.52% 7.86% 8.44% 8.96%
5.16 7.53 7.88 8.46 8.97
5.17 7.55 7.89 8.48 8.99
5.19 7.58 7.92 8.51 9.03
5.23 7.64 7.98 8.57 9.10
5.26 7.68 8.03 8.62 9.15
5.28 7.71 8.06 8.66 9.18
5.31 7.75 8.11 8.70 9.23
</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 $ .5561
Monthly plan 7/15/96 .4278 $ 5.1343
Quarterly plan 8/15/96 .8610
11/15/96 1.2915 5.1663
Semi-annual plan 11/15/96 2.1600
5/15/97 2.5920 5.1853
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
04/19/96) interest
100.321 X $5.1343 = $515.08
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN FLORIDA
INSURED UNIT TRUST 226 859
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.25 - 5.46% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.32 - 5.60% - Diversified Portfolios
DATE OF DEPOSIT: April 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 income tax. Capital
gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 26.7 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.12 to $96.18 depending on the purchase amount
Cusip 6706H4 588 monthly payment plan
Numbers 6706H4 596 quarterly payment plan
6706H4 604 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 Florida
</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)
2013-17 14.3%
2018-22 14.3%
2023+ 71.4%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/19/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.20%
Tax Equivalent Yield 5.25%
Treasury Bonds
Pre-Tax
Tax Equivalent Yield 6.78%
Corporate Bonds
Yield 7.62%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 36.0% FEDERAL 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 FLORIDA 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 State of Florida, Full Faith and Credit, State Board of Education, Public 2005 at 101 AAA Aaa
Education Capital Outlay Bonds, 1995 Series B, 5.875% Due 6/1/25. (General
Obligation Bonds.)
500,000 Broward County, Florida, Certificates of Participation, Series 1994A, 5.50% 2004 at 102 AAA Aaa
Due 6/1/13. (Original issue discount bonds delivered on or about March 23,
1994 at a price of 94.882% of principal amount.)
500,000 Dade County, Florida, Seaport General Obligation Refunding Bonds, Series 2006 at 102 AAA Aaa
1996 (General Obligation Bonds.), 5.125% Due 10/1/26.
500,000 Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1995, 2005 at 102 AAA Aaa
5.50% Due 10/1/25. (Original issue discount bonds delivered on or about
October 19, 1995 at a price of 94.942% of principal amount.)
500,000 The School Board of Escambia County, Florida, Certificates of 2006 at 102 AAA Aaa
Participation, Series 1996-1, 5.50% Due 2/1/18. (When issued.)
500,000 City of Lakeland, Florida, Hospital Revenue Refunding Bonds (Lakeland 2006 at 102 AAA Aaa
Regional Medical Center Project), Series 1996, 5.25% Due 11/15/25.
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 04/19/96.
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 $.04. 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 $ 99.12 4.90 % 5.25% 5.32% 5.28% 5.36% 5.30% 5.38 %
500 / $50,000 98.96 4.75 5.26 5.33 5.29 5.37 5.31 5.39
1,000 / $100,000 98.70 4.50 5.27 5.35 5.30 5.39 5.32 5.41
2,500 / $250,000 98.44 4.25 5.29 5.36 5.32 5.41 5.34 5.42
5,000 / $500,000 97.68 3.50 5.33 5.42 5.36 5.47 5.38 5.48
10,000 / $1,000,000 97.18 3.00 5.35 5.46 5.39 5.50 5.41 5.52
25,000 / $2,500,000 96.68 2.50 5.38 5.50 5.42 5.54 5.44 5.56
50,000 / $5,000,000 96.18 2.00 5.41 5.54 5.44 5.58 5.46 5.60
</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>
5.25 % 7.29% 7.61% 8.20% 8.69%
5.26 7.31 7.62 8.22 8.71
5.27 7.32 7.64 8.23 8.73
5.29 7.35 7.67 8.27 8.76
5.33 7.40 7.72 8.33 8.82
5.35 7.43 7.75 8.36 8.86
5.38 7.47 7.80 8.41 8.91
5.41 7.51 7.84 8.45 8.96
</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 $ .5635
Monthly plan 7/15/96 .4335 $ 5.2038
Quarterly plan 8/15/96 .8724
11/15/96 1.3086 5.2358
Semi-annual plan 11/15/96 2.1885
5/15/97 2.6262 5.2548
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.16 = 100.847
investment offering price # of units
(as of and accrued purchased
04/19/96) interest
100.847 X $5.2038 = $524.79
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
