<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 299 878
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.22 - 5.44% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.31 - 5.60% - Dependable Income
DATE OF DEPOSIT: July 19, 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 23.5 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $98.32 to $95.41 depending on the purchase amount
Cusip 6710A2 672 monthly payment plan
Numbers 6710A2 680 quarterly payment plan
6710A2 698 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 72%
AA 14
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)
2015-18 28.6%
2019-22 62.9%
2023-26 0.0%
2027+ 8.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 07/18/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.85%
Tax Equivalent Yield 5.22%
Treasury Bonds
Pre-Tax 7.50%
Tax Equivalent Yield 6.92%
Corporate Bonds
Yield 7.79%
</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 7.75% 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 6/30/96.
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 2/15/15. 2006 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 Board of Governors of The University of North Carolina, University of North AA Aa
Carolina Hospitals at Chapel Hill, Revenue Bonds, Series 1996,
200M-5.25% Due 2/15/19, 2006 at 102
300M-5.00% Due 2/15/29. (Original issue discount bonds delivered on or
about March 20, 1996 at a price of 91.16% of principal amount.) 2006 at 101
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 City of Fayetteville (North Carolina), Finance Corporation, Installment -- Aaa
Payment Revenue Bonds (Municipal Building Projects), Series 1996, 5.625%
Due 2/1/18. (When issued.) (MBIA Insured.) 2006 at 102
500,000 County of Pasquotank, North Carolina, Certificates of Participation (1995 AAA Aaa
Elizabeth City-Pasquotank Public Schools Project), 5.00% Due 6/1/20.
(Original issue discount bonds delivered on or about December 21, 1995 at a
price of 93.624% of principal amount.)(MBIA Insured.) 2006 at 102
500,000 County of Union, North Carolina, Enterprise Systems Revenue Bonds, Series AAA Aaa
1996, 5.50% Due 6/1/21. (MBIA Insured.) 2006 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 07/18/96.
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 $ 98.32 4.90 % 5.22% 5.31% 5.26% 5.35% 5.28% 5.37 %
500 / $50,000 98.16 4.75 5.23 5.32 5.27 5.36 5.28 5.37
1,000 / $100,000 97.91 4.50 5.25 5.34 5.28 5.38 5.30 5.40
2,500 / $250,000 97.65 4.25 5.26 5.36 5.29 5.40 5.31 5.41
5,000 / $500,000 96.89 3.50 5.30 5.42 5.33 5.46 5.35 5.48
10,000 / $1,000,000 96.39 3.00 5.33 5.46 5.36 5.50 5.38 5.52
25,000 / $2,500,000 95.90 2.50 5.36 5.50 5.39 5.54 5.41 5.56
50,000 / $5,000,000 95.41 2.00 5.38 5.54 5.42 5.58 5.44 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 tax
UNIT TRUST bracket)
RETURN 33.0% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
5.22 % 7.79% 8.22% 8.85% 9.41 %
5.23 7.81 8.24 8.86 9.42
5.25 7.84 8.27 8.90 9.46
5.26 7.85 8.28 8.92 9.48
5.30 7.91 8.35 8.98 9.55
5.33 7.96 8.39 9.03 9.60
5.36 8.00 8.44 9.08 9.66
5.38 8.03 8.47 9.12 9.69
</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
09/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 9/15/96 $ .5989
Monthly plan 10/15/96 .4278 $ 5.1364
Quarterly plan 11/15/96 .8610
2/15/97 1.2915 5.1684
Semi-annual plan 11/15/96 .8640
5/15/97 2.5920 5.1874
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 98.39 = 101.636
investment offering price # of units
(as of and accrued purchased
07/18/96) interest
101.636 X $5.1364 = $522.04
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN ARIZONA
INSURED UNIT TRUST 47 878
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.19 - 5.40% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.22 - 5.49% - Diversified Portfolios
DATE OF DEPOSIT: July 19, 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 24.3 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.88 to $97.90 depending on the purchase amount
Cusip 67101J 709 monthly payment plan
Numbers 67101J 717 quarterly payment plan
67101J 725 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)
2013-15 37.1%
2016-18 5.7%
2019-21 0.0%
2022-24 14.3%
2025+ 42.9%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 07/18/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.58%
Tax Equivalent Yield 5.19%
Treasury Bonds
Pre-Tax 7.30%
Tax Equivalent Yield 6.92%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.79%
</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 6/30/96.
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 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 The Industrial Development Authority of The City of Glendale, Arizona, 2006 at 102 AAA Aaa
Revenue Bonds, Midwestern University, Series 1996A, 6.00% Due 5/15/26.
(When issued.)
500,000 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,
300M-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.)
200M-5.50% Due 9/1/16. (Original issue discount bonds delivered on or about
August 31, 1995 at a price of 92.392% of principal amount.)
250,000 City of Mesa, Arizona, Utility Systems Revenue Bonds, Series 1995, 5.375% 2005 at 101 AAA Aaa
Due 7/1/14.
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.
500,000 City of Phoenix Civic Improvement Corporation (Arizona), Wastewater System 2004 at 102 AAA Aaa
Lease Revenue Refunding Bonds, Series 1993, 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.)
250,000 Apache Junction Unified School District No. 43 of Pinal County, Arizona, 2006 at 101 AAA Aaa
School Improvement Bonds, Project of 1996, Series A (1996), 5.85% Due
7/1/15. (General Obligation Bonds.)
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 07/18/96.
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 $ 100.88 4.90 % 5.19% 5.22% 5.22% 5.25% 5.24% 5.27 %
500 / $50,000 100.72 4.75 5.19 5.22 5.23 5.25 5.25 5.27
1,000 / $100,000 100.46 4.50 5.21 5.25 5.24 5.28 5.26 5.30
2,500 / $250,000 100.20 4.25 5.22 5.26 5.25 5.29 5.27 5.31
5,000 / $500,000 99.42 3.50 5.26 5.32 5.29 5.35 5.31 5.37
10,000 / $1,000,000 98.91 3.00 5.29 5.36 5.32 5.39 5.34 5.41
25,000 / $2,500,000 98.40 2.50 5.32 5.40 5.35 5.43 5.37 5.45
50,000 / $5,000,000 97.90 2.00 5.34 5.44 5.38 5.47 5.40 5.49
</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>
5.19 % 7.52% 7.92% 8.58% 9.11 %
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
09/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 9/15/96 $ .6102
Monthly plan 10/15/96 .4359 $ 5.2318
Quarterly plan 11/15/96 .8772
2/15/97 1.3158 5.2638
Semi-annual plan 11/15/96 .8802
5/15/97 2.6406 5.2828
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.95 = 99.058
investment offering price # of units
(as of and accrued purchased
07/18/96) interest
99.058 X $5.2318 = $518.25
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
