<PAGE>
NUVEEN
NUVEEN GEORGIA
INSURED UNIT TRUST 51 860
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.13 - 5.34% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.19 - 5.47% - Diversified Portfolios
DATE OF DEPOSIT: April 26, 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 22.3 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.93 to $96.97 depending on the purchase amount
Cusip 67101M 827 monthly payment plan
Numbers 67101M 835 quarterly payment plan
67101M 843 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 Georgia
</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 21.4%
2018-20 28.6%
2021-23 14.3%
2024+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/25/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.55%
Tax Equivalent Yield 5.13%
Treasury Bonds
Pre-Tax 7.23%
Tax Equivalent Yield 6.80%
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% 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 GEORGIA 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 Municipal Electric Authority of Georgia, General Power Revenue Bonds, 1993B No Optional AAA Aaa
Series, 5.70% Due 1/1/19. Call
500,000 City of Atlanta, Georgia, Water and Sewerage Revenue Bonds, Series 1993, 2004 at 102 AAA Aaa
4.75% Due 1/1/23. (Original issue discount bonds delivered on or about
October 21, 1993 at a price of 92.426% of principal amount.)
500,000 The Hospital Authority of Crisp County, Georgia, Revenue Certificates No Optional AAA Aaa
(Crisp Regional Hospital Project), Series 1996, Call
250M-5.40% Due 7/1/12,
250M-5.45% Due 7/1/15.
(General Obligation Bonds.)
500,000 Douglasville-Douglas County Water and Sewer Authority (Georgia), Water and No Optional AAA Aaa
Sewerage Revenue Bonds, Series 1993, 5.625% Due 6/1/15. Call
500,000 Development Authority of Fulton County (Georgia), Revenue Bonds (Clark 2006 at 102 AAA Aaa
Atlanta University Project), Series 1995, 5.375% Due 1/1/20.
500,000 Macon-Bibb County Hospital Authority, Revenue Anticipation Certificates, No Optional AAA Aaa
Series 1993C (The Medical Center of Central Georgia), 5.30% Due 8/1/13. Call
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 04/25/96.
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 $ 99.93 4.90 % 5.13% 5.19% 5.16% 5.22% 5.18% 5.24 %
500 / $50,000 99.77 4.75 5.14 5.20 5.17 5.23 5.19 5.25
1,000 / $100,000 99.51 4.50 5.15 5.22 5.18 5.25 5.20 5.27
2,500 / $250,000 99.25 4.25 5.16 5.24 5.20 5.27 5.22 5.29
5,000 / $500,000 98.48 3.50 5.20 5.30 5.24 5.33 5.26 5.35
10,000 / $1,000,000 97.97 3.00 5.23 5.34 5.26 5.37 5.28 5.39
25,000 / $2,500,000 97.47 2.50 5.26 5.38 5.29 5.41 5.31 5.43
50,000 / $5,000,000 96.97 2.00 5.29 5.42 5.32 5.45 5.34 5.47
</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% 43.0%
<C> <S> <C> <C> <C> <C>
5.13 % 7.60% 7.89% 8.55% 9.00%
5.14 7.61 7.91 8.57 9.02
5.15 7.63 7.92 8.58 9.04
5.16 7.64 7.94 8.60 9.05
5.20 7.70 8.00 8.67 9.12
5.23 7.75 8.05 8.72 9.18
5.26 7.79 8.09 8.77 9.23
5.29 7.84 8.14 8.82 9.28
</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 $ .4980
Monthly plan 7/15/96 .4269 $ 5.1252
Quarterly plan 8/15/96 .8592
11/15/96 1.2888 5.1572
Semi-annual plan 11/15/96 2.1555
5/15/97 2.5866 5.1762
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.00 = 100.000
investment offering price # of units
(as of and accrued purchased
04/25/96) interest
100.000 X $5.1252 = $512.52
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MASSACHUSETTS
INSURED UNIT TRUST 135 860
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.20 - 5.41% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.28 - 5.56% - Diversified Portfolios
DATE OF DEPOSIT: April 26, 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 24.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.38 to $96.44 depending on the purchase amount
Cusip 670947 647 monthly payment plan
Numbers 670947 654 quarterly payment plan
670947 662 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)
2012-15 28.5%
2016-19 14.3%
2020-23 28.6%
2024+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/25/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.20%
Tax Equivalent Yield 5.20%
Treasury Bonds
Pre-Tax 7.73%
Tax Equivalent Yield 6.80%
Corporate Bonds
Yield 7.62%
</TABLE>
<PAGE>
*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 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 MASSACHUSETTS 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 Massachusetts Bay Transportation Authority, General Transportation System 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.75% Due 3/1/18. (General Obligation Bonds.)
500,000 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, 2006 at 102 AAA Aaa
Suffolk University Issue, Series C, 5.75% Due 7/1/26.
500,000 Massachusetts Industrial Finance Agency Revenue Bonds, Phillips Academy 2008 at 102 AAA Aaa
Issue, Series 1993, 5.375% Due 9/1/23.
500,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1995 Series 2005 at 102 AAA Aaa
B, 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.)
500,000 Town of Franklin, Massachusetts, General Obligation Bonds, 5.25% Due 2005 at 102 AAA Aaa
11/15/12.
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 04/25/96.
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 $ 99.38 4.90 % 5.20% 5.28% 5.24% 5.31% 5.25% 5.33 %
500 / $50,000 99.22 4.75 5.21 5.29 5.24 5.32 5.26 5.34
1,000 / $100,000 98.96 4.50 5.23 5.31 5.26 5.34 5.28 5.36
2,500 / $250,000 98.71 4.25 5.24 5.33 5.27 5.36 5.29 5.38
5,000 / $500,000 97.94 3.50 5.28 5.39 5.31 5.42 5.33 5.44
10,000 / $1,000,000 97.43 3.00 5.31 5.43 5.34 5.46 5.36 5.48
25,000 / $2,500,000 96.93 2.50 5.33 5.47 5.37 5.50 5.39 5.52
50,000 / $5,000,000 96.44 2.00 5.36 5.51 5.40 5.54 5.41 5.56
</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>
5.20 % 8.19% 8.60% 9.20% 9.81%
5.21 8.20 8.61 9.22 9.83
5.23 8.24 8.64 9.26 9.87
5.24 8.25 8.66 9.27 9.89
5.28 8.31 8.73 9.35 9.96
5.31 8.36 8.78 9.40 10.02
5.33 8.39 8.81 9.43 10.06
5.36 8.44 8.86 9.49 10.11
</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
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 $ .5026
Monthly plan 7/15/96 .4308 $ 5.1710
Quarterly plan 8/15/96 .8670
11/15/96 1.3005 5.2030
Semi-annual plan 11/15/96 2.1750
5/15/97 2.6100 5.2220
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.45 = 100.553
investment offering price # of units
(as of and accrued purchased
04/25/96) interest
100.553 X $5.1710 = $519.96
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MICHIGAN
INSURED UNIT TRUST 65 860
- --------------------------------------------------------------------------------
<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 - 5.63% - Diversified Portfolios
DATE OF DEPOSIT: April 26, 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 26.7 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.77 to $96.82 depending on the purchase amount
Cusip 67095E 468 monthly payment plan
Numbers 67095E 476 quarterly payment plan
67095E 484 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)
2015-17 10.1%
2018-20 14.3%
2021-23 14.3%
2024+ 61.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/25/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.82%
Tax Equivalent Yield 5.29%
Treasury Bonds
Pre-Tax 7.25%
Tax Equivalent Yield 6.80%
Corporate Bonds
Yield 7.62%
</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 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 MICHIGAN 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 Michigan State Hospital Finance Authority, Hospital Revenue and Refunding 2006 at 102 AAA Aaa
Bonds (Henry Ford Health System), Series 1995A, 5.25% Due 11/15/25.
(Original issue discount bonds delivered on or about January 9, 1996 at a
price of 93.572% of principal amount.)
145,000 Michigan State Hospital Finance Authority, Hospital Revenue Bonds (St. John 2006 at 102 AAA Aaa
Hospital and Medical Center), Series 1996A, 5.25% Due 5/15/26. (Original
issue discount bonds delivered on or about January 24, 1996 at a price of
94.219% of principal amount.)
500,000 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.
500,000 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.
500,000 Fremont Public Schools, Counties of Newaygo, Muskegon and Oceana, State of 2005 at 100 AAA Aaa
Michigan, 1995 School Building and Site Bonds, 5.50% Due 5/1/21. (General
Obligation Bonds.)
250,000 Grand Ledge Public Schools, Counties of Eaton, Clinton and Ionia, State of 2005 at 102 AAA Aaa
Michigan, 1995 Refunding Bonds, 5.50% Due 5/1/15. (General Obligation
Bonds.)
500,000 Marysville Public Schools, St. Claire County, Michigan, 1995 School 2004 at 101 AAA Aaa
Building and Site Bonds, 5.75% Due 5/1/19. (General Obligation Bonds.)
105,000 Board of Trustees of Oakland University, Michigan, General Revenue Bonds, 2005 at 102 AAA Aaa
Series 1995, 5.75% Due 5/15/15.
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 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 04/25/96.
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 $ 99.77 4.90 % 5.29% 5.35% 5.32% 5.39% 5.34% 5.41 %
500 / $50,000 99.61 4.75 5.30 5.36 5.33 5.40 5.35 5.42
1,000 / $100,000 99.35 4.50 5.31 5.38 5.35 5.42 5.37 5.44
2,500 / $250,000 99.09 4.25 5.33 5.39 5.36 5.43 5.38 5.45
5,000 / $500,000 98.32 3.50 5.37 5.46 5.40 5.50 5.42 5.51
10,000 / $1,000,000 97.81 3.00 5.40 5.49 5.43 5.53 5.45 5.55
25,000 / $2,500,000 97.31 2.50 5.43 5.53 5.46 5.57 5.48 5.59
50,000 / $5,000,000 96.82 2.00 5.45 5.57 5.49 5.61 5.51 5.63
</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>
5.29 % 7.84% 8.14% 8.82% 9.36%
5.30 7.85 8.15 8.83 9.38
5.31 7.87 8.17 8.85 9.40
5.33 7.90 8.20 8.88 9.43
5.37 7.96 8.26 8.95 9.50
5.40 8.00 8.31 9.00 9.56
5.43 8.04 8.35 9.05 9.61
5.45 8.07 8.38 9.08 9.65
</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 $ .5131
Monthly plan 7/15/96 .4398 $ 5.2793
Quarterly plan 8/15/96 .8850
11/15/96 1.3275 5.3113
Semi-annual plan 11/15/96 2.2200
5/15/97 2.6640 5.3303
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.84 = 100.160
investment offering price # of units
(as of and accrued purchased
04/25/96) interest
100.160 X $5.2793 = $528.77
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN OHIO
INSURED UNIT TRUST 133 860
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<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.22 - 5.43% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.25 - 5.52% - Diversified Portfolios
DATE OF DEPOSIT: April 26, 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.
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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 26.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.09 to $98.10 depending on the purchase amount
Cusip 67102G 167 monthly payment plan
Numbers 67102G 175 quarterly payment plan
67102G 183 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>
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<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2018-20 28.6%
2021-23 42.8%
2024-26 14.3%
2027-29 0.00%
2030+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 04/25/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.85%
Tax Equivalent Yield 5.22%
Treasury Bonds
Pre-Tax 7.25%
Tax Equivalent Yield 6.80%
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 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 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>
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BONDS THIS OHIO 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 Ohio, Ohio Air Quality Development Authority, Air Quality 2005 at 102 AAA Aaa
Development Revenue Refunding Bonds, 1995 Series (The Dayton Power and
Light Company Project), 6.10% Due 9/1/30.
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 County of Cuyahoga, Ohio, Hospital Improvement and Refunding Revenue Bonds, 2006 at 102 AAA Aaa
Series 1996A (University Hospitals Health System, Inc. Project), 5.625% Due
1/15/21.
500,000 Jackson Local School District, Stark and Summit Counties, Ohio, School 2006 at 102 AAA Aaa
Building Construction and Improvement Bonds, 5.50% Due 12/1/21. (General
Obligation Bonds.)
500,000 South Euclid-Lyndhurst City School District, Ohio, School Improvement 2004 at 102 AAA Aaa
Bonds, Series 1994, 5.25% Due 12/1/18. (General Obligation Bonds.)
500,000 Westerville City School District, Franklin and Delaware Counties, Ohio, 2005 at 102 AAA Aaa
General Obligation Library Improvement Bonds, 5.60% Due 12/1/18.
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>
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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 04/25/96.
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 $ 101.09 4.90 % 5.22% 5.25% 5.25% 5.28% 5.27% 5.30 %
500 / $50,000 100.93 4.75 5.23 5.26 5.26 5.29 5.28 5.31
1,000 / $100,000 100.67 4.50 5.24 5.28 5.27 5.31 5.29 5.33
2,500 / $250,000 100.41 4.25 5.25 5.29 5.29 5.32 5.30 5.34
5,000 / $500,000 99.63 3.50 5.29 5.36 5.33 5.39 5.35 5.40
10,000 / $1,000,000 99.11 3.00 5.32 5.39 5.35 5.42 5.37 5.44
25,000 / $2,500,000 98.61 2.50 5.35 5.43 5.38 5.46 5.40 5.48
50,000 / $5,000,000 98.10 2.00 5.38 5.47 5.41 5.50 5.43 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 32.5% 36.0% 41.0% 44.0%
<C> <S> <C> <C> <C> <C>
5.22 % 7.73% 8.16% 8.85% 9.32%
5.23 7.75 8.17 8.86 9.34
5.24 7.76 8.19 8.88 9.36
5.25 7.78 8.20 8.90 9.38
5.29 7.84 8.27 8.97 9.45
5.32 7.88 8.31 9.02 9.50
5.35 7.93 8.36 9.07 9.55
5.38 7.97 8.41 9.12 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 $ .5127
Monthly plan 7/15/96 .4395 $ 5.2753
Quarterly plan 8/15/96 .8844
11/15/96 1.3266 5.3073
Semi-annual plan 11/15/96 2.2185
5/15/97 2.6622 5.3263
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.16 = 98.853
investment offering price # of units
(as of and accrued purchased
04/25/96) interest
98.853 X $5.2753 = $521.48
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
