<PAGE>
NUVEEN
NUVEEN ARIZONA
INSURED UNIT TRUST 46 869
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.18 - 5.40% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.30 - 5.58% - Diversified Portfolios
DATE OF DEPOSIT: June 6, 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 23.6 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $98.15 to $95.25 depending on the purchase amount
Cusip 67101J 675 monthly payment plan
Numbers 67101J 683 quarterly payment plan
67101J 691 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)
2015-16 16.5%
2017-18 42.8%
2019-20 7.1%
2021-22 5.0%
2023+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 06/05/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.56%
Tax Equivalent Yield 5.18%
Treasury Bonds
Pre-Tax 7.34%
Tax Equivalent Yield 6.96%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.94%
</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 5/31/96.
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>
----------------------------------------------------------------------------------------------------------------
$ 175,000 Arizona State University Research Park, Development Refunding Bonds, Series 2006 at 100 AAA Aaa
1995, 5.00% Due 7/1/21.
250,000 Industrial Development Authority of Glendale, Arizona (American Graduate 2006 at 101 AAA Aaa
School of International Management-Thunderbird), Series 1996, 5.625% Due
7/1/20. (When issued.)
500,000 Town of Oro Valley Municipal Property Corporation (Arizona), Municipal 2008 at 101 AAA Aaa
Water System Acquisition Bonds, Series 1996 (Canada Hills and Rancho
Vistoso Water Utilities Acquisition Project), 5.375% Due 7/1/26.
520,000 City of Peoria, Arizona, General Obligation Bonds (Projects of 1990 and 2005 at 101 AAA Aaa
1994), Series B (1996), 5.25% Due 7/1/16. (Original issue discount bonds
will be delivered on or about July 2, 1996 at a price of 92.981% of
principal amount.)(When issued.)
500,000 City of Phoenix, Arizona, Various Purpose General Obligation Bonds, Series 2006 at 102 AAA Aaa
1995B, 5.00% Due 7/1/17. (Original issue discount bonds delivered on or
about November 29, 1995 at a price of 93.962% of principal amount.)
500,000 City of Phoenix (Arizona), Civic Improvement Corporation, Junior Lien Water 2004 at 102 AAA Aaa
System Revenue Bonds, Series 1994, 5.50% Due 7/1/24.
55,000 Pima County, Arizona, Sewer Revenue Refunding Bonds, Series 1994A, 5.00% 2004 at 102 AAA Aaa
Due 7/1/15.
500,000 City of Tucson, Arizona, General Obligation Bonds, Series 1994-A (1995), 2005 at 101 AAA Aaa
5.375% Due 7/1/17. (Original issue discount bonds delivered on or about
April 27, 1995 at a price of 93.543% of principal amount.)
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.50% Due 7/1/17. 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 06/05/96.
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 $ 98.15 4.90 % 5.18% 5.30% 5.22% 5.33% 5.24% 5.35 %
500 / $50,000 97.99 4.75 5.19 5.31 5.23 5.34 5.25 5.36
1,000 / $100,000 97.74 4.50 5.21 5.33 5.24 5.36 5.26 5.38
2,500 / $250,000 97.48 4.25 5.22 5.35 5.25 5.38 5.27 5.40
5,000 / $500,000 96.73 3.50 5.26 5.41 5.29 5.44 5.31 5.46
10,000 / $1,000,000 96.23 3.00 5.29 5.45 5.32 5.48 5.34 5.50
25,000 / $2,500,000 95.73 2.50 5.32 5.49 5.35 5.52 5.37 5.54
50,000 / $5,000,000 95.25 2.00 5.34 5.53 5.38 5.56 5.40 5.58
</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 31.0% 34.5% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.18 % 7.51% 7.91% 8.56% 9.09 %
5.19 7.52 7.92 8.58 9.11
5.21 7.55 7.95 8.61 9.14
5.22 7.57 7.97 8.63 9.16
5.26 7.62 8.03 8.69 9.23
5.29 7.67 8.08 8.74 9.28
5.32 7.71 8.12 8.79 9.33
5.34 7.74 8.15 8.83 9.37
</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
07/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 7/15/96 $ .3532
Monthly plan 8/15/96 .4239 $ 5.0890
Quarterly plan 8/15/96 .4266
11/15/96 1.2798 5.1210
Semi-annual plan 11/15/96 1.7124
5/15/97 2.5686 5.1400
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 98.22 = 101.812
investment offering price # of units
(as of and accrued purchased
06/05/96) interest
101.812 X $5.0890 = $518.12
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW JERSEY
INSURED UNIT TRUST 207 869
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.36 - 5.58% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.40 - 5.66% - Diversified Portfolios
DATE OF DEPOSIT: June 6, 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 29.0 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.74 to $97.76 depending on the purchase amount
Cusip 6706LA 464 monthly payment plan
Numbers 6706LA 472 quarterly payment plan
6706LA 480 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)
2017-19 7.1%
2020-22 14.3%
2023-25 35.7%
2026-28 28.6%
2029+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 06/05/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.93%
Tax Equivalent Yield 5.36%
Treasury Bonds
Pre-Tax 7.43%
Tax Equivalent Yield 6.96%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.94%
</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 5/31/96.
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 1995 B, 5.25% Due
12/1/21.
500,000 New Jersey Educational Facilities Authority, Princeton Theological Seminary 2006 at 101 AAA Aaa
Revenue Bonds, 1996 Series B, 5.90% Due 7/1/26. (When issued.)
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.
500,000 The Pollution Control Financing Authority of Salem County (New Jersey), 2004 at 102 AAA Aaa
Pollution Control Revenue Refunding Bonds, 1994 Series C (Public Service
Electric and Gas Company Project), 6.20% Due 8/1/30.
500,000 The Port Authority of New York and New Jersey Consolidated Bonds, One 2006 at 101 AAA Aaa
Hundred Fourth Series, 4.75% Due 1/15/26. (Original issue discount bonds
delivered on or about February 14, 1996 at a price of 91.788% of principal
amount.)
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 1/2
250M-5.50% Due 7/1/17,
250M-5.40% Due 7/1/25.
----------------------------------------------------------------------------------------------------------------
$ 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 06/05/96.
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 $ 100.74 4.90 % 5.36% 5.40% 5.39% 5.43% 5.41% 5.45 %
500 / $50,000 100.58 4.75 5.37 5.41 5.40 5.44 5.42 5.46
1,000 / $100,000 100.31 4.50 5.38 5.43 5.42 5.46 5.44 5.48
2,500 / $250,000 100.05 4.25 5.40 5.45 5.43 5.48 5.45 5.50
5,000 / $500,000 99.27 3.50 5.44 5.50 5.47 5.53 5.49 5.55
10,000 / $1,000,000 98.76 3.00 5.47 5.54 5.50 5.57 5.52 5.59
25,000 / $2,500,000 98.26 2.50 5.50 5.58 5.53 5.61 5.55 5.63
50,000 / $5,000,000 97.76 2.00 5.53 5.61 5.56 5.64 5.58 5.66
</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>
5.36 % 7.88% 8.25% 8.93% 9.49 %
5.37 7.90 8.26 8.95 9.50
5.38 7.91 8.28 8.97 9.52
5.40 7.94 8.31 9.00 9.56
5.44 8.00 8.37 9.07 9.63
5.47 8.04 8.42 9.12 9.68
5.50 8.09 8.46 9.17 9.73
5.53 8.13 8.51 9.22 9.79
</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
07/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 7/15/96 $ .3750
Monthly plan 8/15/96 .4500 $ 5.4013
Quarterly plan 8/15/96 .4527
11/15/96 1.3581 5.4333
Semi-annual plan 11/15/96 1.8168
5/15/97 2.7252 5.4523
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.82 = 99.186
investment offering price # of units
(as of and accrued purchased
06/05/96) interest
99.186 X $5.4013 = $535.73
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN OHIO
INSURED UNIT TRUST 134 869
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.33 - 5.54% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.40 - 5.66% - Diversified Portfolios
DATE OF DEPOSIT: June 6, 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 27.8 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.27 to $96.34 depending on the purchase amount
Cusip 67102G 191 monthly payment plan
Numbers 67102G 209 quarterly payment plan
67102G 217 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>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2017-20 28.6%
2021-24 14.3%
2025-28 42.8%
2029+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 06/05/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.03%
Tax Equivalent Yield 5.33%
Treasury Bonds
Pre-Tax 7.42%
Tax Equivalent Yield 6.96%
Corporate Bonds
Yield 7.94%
</TABLE>
<PAGE>
*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 5/31/96.
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 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 Ohio Water Development Authority, State of Ohio, Collateralized Water 2004 at 102 AAA Aaa
Development Revenue Refunding Bonds, 1994 Series A (The Cincinnati Gas &
Electric Company Project), 5.45% Due 1/1/24.
500,000 City of Cleveland, Ohio, Waterworks Improvement and Refunding First 2006 at 102 AAA Aaa
Mortgage Revenue Bonds, Series H, 1996, 5.75% Due 1/1/26.
500,000 County of Cuyahoga, Ohio, Hospital Refunding Revenue Bonds, Series 1996B 2006 at 102 AAA Aaa
(University Hospitals Health System, Inc. Project), 5.50% Due 1/15/17.
500,000 Hilliard City School District, Ohio, General Obligation Bonds, School 2006 at 101 AAA Aaa
Improvement Bonds, Series 1996A, 5.00% Due 12/1/20. (Original issue
discount bonds delivered on or about February 7, 1996 at a price of 94.886%
of principal amount.)
500,000 County of Mahoning, Ohio, Hospital Improvement Revenue Bonds, Series 1995 2005 at 102 AAA Aaa
(Western Reserve Care System Project), 5.50% Due 10/15/25.
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 06/05/96.
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 $ 99.27 4.90 % 5.33% 5.40% 5.36% 5.43% 5.38% 5.45 %
500 / $50,000 99.12 4.75 5.33 5.40 5.37 5.43 5.38 5.45
1,000 / $100,000 98.86 4.50 5.35 5.43 5.38 5.46 5.40 5.48
2,500 / $250,000 98.60 4.25 5.36 5.44 5.39 5.47 5.41 5.49
5,000 / $500,000 97.83 3.50 5.40 5.50 5.44 5.53 5.46 5.55
10,000 / $1,000,000 97.33 3.00 5.43 5.54 5.46 5.57 5.48 5.59
25,000 / $2,500,000 96.83 2.50 5.46 5.57 5.49 5.60 5.51 5.63
50,000 / $5,000,000 96.34 2.00 5.49 5.61 5.52 5.64 5.54 5.66
</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 32.5% 36.0% 41.0% 44.0%
<C> <S> <C> <C> <C> <C>
5.33 % 7.90% 8.33% 9.03% 9.52 %
5.33 7.90 8.33 9.03 9.52
5.35 7.93 8.36 9.07 9.55
5.36 7.94 8.38 9.08 9.57
5.40 8.00 8.44 9.15 9.64
5.43 8.04 8.48 9.20 9.70
5.46 8.09 8.53 9.25 9.75
5.49 8.13 8.58 9.31 9.80
</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
07/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 7/15/96 $ .3670
Monthly plan 8/15/96 .4404 $ 5.2862
Quarterly plan 8/15/96 .4431
11/15/96 1.3293 5.3182
Semi-annual plan 11/15/96 1.7784
5/15/97 2.6676 5.3372
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.34 = 100.664
investment offering price # of units
(as of and accrued purchased
06/05/96) interest
100.664 X $5.2862 = $532.13
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
