<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 297 863
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.39 - 5.61% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.45 - 5.75% - Dependable Income
DATE OF DEPOSIT: May 9, 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 22.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.16 to $97.19 depending on the purchase amount
Cusip 6710A2 615 monthly payment plan
Numbers 6710A2 623 quarterly payment plan
6710A2 631 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 57%
AA 29
A1/A+ 14
---------
100%
Registration Registered in North Carolina
</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)
2011-13 14.3%
2014-16 14.3%
2017-19 28.5%
2020-22 28.6%
2023+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/08/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.14%
Tax Equivalent Yield 5.39%
Treasury Bonds
Pre-Tax 7.54%
Tax Equivalent Yield 6.96%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.84%
</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 7.75% 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 4/30/96.
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 NORTH CAROLINA 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 North Carolina Medical Care Commission, Hospital Revenue Bonds (Gaston A+ A
Memorial Hospital Project), Series 1995, 5.50% Due 2/15/19. 2006 at 102
500,000 North Carolina Medical Care Commission, Hospital Revenue Bonds (Scotland AA --
Memorial Hospital Project), Series 1993, 5.375% Due 10/1/11. (ASSET GUARAN-
TEED.) 2004 at 102
500,000 North Carolina Municipal Power Agency Number 1, Catawba Electric Revenue AAA Aaa
Bonds, Series 1995A, 5.375% Due 1/1/20. (AMBAC Insured.) 2006 at 102
500,000 The University of North Carolina at Charlotte, Student Activity Center AAA Aaa
Student Fee Revenue Bonds, Series 1995 of the Board of Governors of the
University of North Carolina, 5.50% Due 6/1/21. (MBIA Insured.) 2005 at 102
500,000 City of Concord, North Carolina, Utilities Systems Revenue Bonds, Series AAA Aaa
1995, 5.50% Due 12/1/19. (MBIA Insured.) 2005 at 102
500,000 County of Durham, North Carolina, Certificates of Participation (1994 AA Aa
Hospital and Office Facilities Project), 6.00% Due 5/1/14. 2004 at 102
500,000 County of Rutherford, North Carolina, Certificates of Participation (1994 AAA Aaa
Public Facilities Project), 6.25% Due 6/1/23. (FGIC Insured.) 2004 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 05/08/96.
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 $ 100.16 4.90 % 5.39% 5.45% 5.43% 5.49% 5.45% 5.51 %
500 / $50,000 100.00 4.75 5.40 5.45 5.44 5.49 5.45 5.51
1,000 / $100,000 99.74 4.50 5.42 5.48 5.45 5.52 5.47 5.54
2,500 / $250,000 99.48 4.25 5.43 5.50 5.46 5.54 5.48 5.56
5,000 / $500,000 98.70 3.50 5.47 5.56 5.51 5.60 5.53 5.62
10,000 / $1,000,000 98.20 3.00 5.50 5.60 5.53 5.64 5.55 5.66
25,000 / $2,500,000 97.69 2.50 5.53 5.65 5.56 5.69 5.58 5.71
50,000 / $5,000,000 97.19 2.00 5.56 5.69 5.59 5.73 5.61 5.75
</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 tax
UNIT TRUST bracket)
RETURN 33.0% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
5.39 % 8.04% 8.49% 9.14% 9.71 %
5.40 8.06 8.50 9.15 9.73
5.42 8.09 8.54 9.19 9.77
5.43 8.10 8.55 9.20 9.78
5.47 8.16 8.61 9.27 9.86
5.50 8.21 8.66 9.32 9.91
5.53 8.25 8.71 9.37 9.96
5.56 8.30 8.76 9.42 10.02
</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 $ .3300
Monthly plan 7/15/96 .4500 $ 5.4033
Quarterly plan 8/15/96 .9054
11/15/96 1.3581 5.4353
Semi-annual plan 11/15/96 2.2725
5/15/97 2.7270 5.4543
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.24 = 99.760
investment offering price # of units
(as of and accrued purchased
05/08/96) interest
99.760 X $5.4033 = $539.03
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN CALIFORNIA
INSURED UNIT TRUST 265 863
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.52 - 5.74% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.57 - 5.83% - Diversified Portfolios
DATE OF DEPOSIT: May 9, 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 28.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.91 to $97.93 depending on the purchase amount
Cusip 67064W 648 monthly payment plan
Numbers 67064W 655 quarterly payment plan
67064W 663 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)
2022 10.0%
2023 15.0%
2024 30.0%
2025 30.0%
2026+ 15.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/08/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.52%
Tax Equivalent Yield 5.52%
Treasury Bonds
Pre-Tax 7.67%
Tax Equivalent Yield 6.96%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.84%
</TABLE>
*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 4/30/96.
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 Bonds, 6.00% Due 2004 at 102 AAA Aaa
8/1/24.
750,000 California Educational Facilities Authority, Revenue Bonds (University of 2006 at 102 AAA Aaa
San Francisco), Series 1996, 6.00% Due 10/1/26. (When issued.)
750,000 California Health Facilities Financing Authority, Insured Health Facility 2006 at 102 AAA Aaa
Refunding Revenue Bonds (Catholic Healthcare West), 1996 Series A, 6.00%
Due 7/1/25. (When issued.)
500,000 State of California, Department of Water Resources, Central Valley Project, 2005 at 101 AAA Aaa
Water System Revenue Bonds, Series O, 5.00% Due 12/1/22.
750,000 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 County of Madera, California, Certificates of Participation (Valley 2005 at 102 AAA Aaa
Children's Hospital Project), Series 1995, 6.125% Due 3/15/23.
750,000 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 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 05/08/96.
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 $ 100.91 4.90 % 5.52% 5.57% 5.55% 5.60% 5.57% 5.62 %
500 / $50,000 100.76 4.75 5.53 5.57 5.56 5.60 5.58 5.62
1,000 / $100,000 100.49 4.50 5.54 5.60 5.57 5.63 5.59 5.65
2,500 / $250,000 100.23 4.25 5.55 5.61 5.59 5.64 5.61 5.66
5,000 / $500,000 99.45 3.50 5.60 5.67 5.63 5.70 5.65 5.72
10,000 / $1,000,000 98.94 3.00 5.63 5.71 5.66 5.74 5.68 5.76
25,000 / $2,500,000 98.43 2.50 5.66 5.75 5.69 5.78 5.71 5.80
50,000 / $5,000,000 97.93 2.00 5.69 5.78 5.72 5.81 5.74 5.83
</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 tax
UNIT TRUST bracket)
RETURN 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
5.52 % 8.43% 8.83% 9.52% 10.04 %
5.53 8.44 8.85 9.53 10.05
5.54 8.46 8.86 9.55 10.07
5.55 8.47 8.88 9.57 10.09
5.60 8.55 8.96 9.66 10.18
5.63 8.60 9.01 9.71 10.24
5.66 8.64 9.06 9.76 10.29
5.69 8.69 9.10 9.81 10.35
</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 $ .3401
Monthly plan 7/15/96 .4638 $ 5.5673
Quarterly plan 8/15/96 .9330
11/15/96 1.3995 5.5993
Semi-annual plan 11/15/96 2.3400
5/15/97 2.8080 5.6183
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.99 = 99.019
investment offering price # of units
(as of and accrued purchased
05/08/96) interest
99.019 X $5.5673 = $551.27
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW JERSEY
INSURED UNIT TRUST 206 863
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.45 - 5.66% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.50 - 5.76% - Diversified Portfolios
DATE OF DEPOSIT: May 9, 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 28.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.94 to $97.95 depending on the purchase amount
Cusip 6706LA 431 monthly payment plan
Numbers 6706LA 449 quarterly payment plan
6706LA 456 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)
2011-16 14.3%
2017-22 14.2%
2023-28 42.9%
2029+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/08/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.08%
Tax Equivalent Yield 5.45%
Treasury Bonds
Pre-Tax 7.43%
Tax Equivalent Yield 6.96%
Corporate Bonds
Yield 7.84%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 40.0% FEDERAL AND STATE INCOME TAX
RATE AND A 6.37% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 4/30/96.
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, Market Transition Facility 2004 at 102 AAA Aaa
Senior Lien Revenue Bonds, Series 1994A, 5.875% Due 7/1/11.
250,000 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 1995 B,
250M-5.25% Due 12/1/21,
250M-5.25% Due 12/1/25.
500,000 The Port Authority of New York and New Jersey, Consolidated Bonds, One 2005 at 101 AAA Aaa
Hundredth Series, 5.75% Due 6/15/30.
500,000 The Essex County Improvement Authority (Essex County, New Jersey), County 2005 at 102 AAA Aaa
of Essex General Obligation Lease Revenue Bonds, Series 1995 (Gibraltar
Building Project), 5.95% Due 12/1/25.
250,000 The Township of Hillsborough Municipal Utilities Authority (Somerset 2005 at 101 AAA Aaa
County, New Jersey), Revenue Bonds (Series 1995), 5.375% Due 5/1/20. 1/2
(General Obligation Bonds.)
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.
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 05/08/96.
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 $ 100.94 4.90 % 5.45% 5.50% 5.48% 5.53% 5.50% 5.55 %
500 / $50,000 100.78 4.75 5.45 5.50 5.49 5.53 5.50 5.55
1,000 / $100,000 100.51 4.50 5.47 5.53 5.50 5.56 5.52 5.58
2,500 / $250,000 100.25 4.25 5.48 5.54 5.52 5.57 5.53 5.59
5,000 / $500,000 99.47 3.50 5.53 5.60 5.56 5.63 5.58 5.65
10,000 / $1,000,000 98.96 3.00 5.55 5.64 5.59 5.67 5.61 5.69
25,000 / $2,500,000 98.45 2.50 5.58 5.68 5.62 5.71 5.64 5.73
50,000 / $5,000,000 97.95 2.00 5.61 5.71 5.64 5.74 5.66 5.76
</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 tax
UNIT TRUST bracket)
RETURN 32.0% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
5.45 % 8.01% 8.38% 9.08% 9.65 %
5.45 8.01 8.38 9.08 9.65
5.47 8.04 8.42 9.12 9.68
5.48 8.06 8.43 9.13 9.70
5.53 8.13 8.51 9.22 9.79
5.55 8.16 8.54 9.25 9.82
5.58 8.21 8.58 9.30 9.88
5.61 8.25 8.63 9.35 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 $ .3357
Monthly plan 7/15/96 .4578 $ 5.4969
Quarterly plan 8/15/96 .9210
11/15/96 1.3815 5.5289
Semi-annual plan 11/15/96 2.3115
5/15/97 2.7738 5.5479
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.02 = 98.990
investment offering price # of units
(as of and accrued purchased
05/08/96) interest
98.990 X $5.4969 = $544.14
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
