NUVEEN TAX FREE TRUST SERIES 879
497, 1996-07-25
Previous: NUVEEN TAX FREE TRUST SERIES 879, 487, 1996-07-25
Next: NUVEEN TAX FREE TRUST SERIES 884, S-6EL24, 1996-07-25



<PAGE>
                                                                          NUVEEN
   
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 282                                                   879
    
 
- --------------------------------------------------------------------------------
 
   
<TABLE>
<S>                                                 <C>
ESTIMATED CURRENT RETURN:                           NUVEEN TAX-FREE UNIT TRUSTS:
5.19 - 5.40%                                        For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN:                         - Double Tax-Free
5.24 - 5.51%                                        - Dependable Income
DATE OF DEPOSIT: July 25, 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    25.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum         $5,000 or 50 units, whichever is lower
Investment
Offering Price  $100.77 to $97.79 depending on the purchase amount
Cusip           67064X 166 monthly payment plan
Numbers         67064X 174 quarterly payment plan
                67064X 182 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               79%
                AA                21
                                  ---------
                                  100%
Registration    Registered in Connecticut
</TABLE>
 
<TABLE>
<S>             <C>
Payment         Investors may choose to receive monthly, quarterly
Plans           or semi-annual interest payments.
Bond Calls      Most municipal bonds are subject to optional bond
                calls. Bonds are usually called at a premium price
                and generally not below par value.
Sales Charge    The sales charge is a one-time expense included in
                the Public Offering Price.
Letter          Investors may use a Letter of Intent to get
of Intent       reduced sales charges on purchases made over a
(LOI)           13-month period (and to take advantage of dollar
                cost averaging). Minimum LOI investment $50,000.
Redemptions     Units can be redeemed on any business day at no
                charge. Units are redeemed at their current market
                value.
Reinvestment    Interest income and returned principal can be
                reinvested with no sales charge into Nuveen tax-
                free mutual or money market funds. For more
                information obtain a prospectus.
</TABLE>
 
- --------------------------------------------------------------------------------
 
<TABLE>
<S>                          <C>
MATURITY DATES (Description of Chart)
2014-16                                            28.5%
2017-19                                             0.0%
2020-22                                            14.3%
2023-25                                            42.9%
2026+                                              14.3%
The earliest ordinary optional call date is 2004
 
YIELD COMPARISON AS OF 07/24/96*
  (Description of Yield Comparison Chart)
 
Nuveen UIT
     Pre-Tax                                       8.51%
     Tax Equivalent Yield                          5.19%
 
Treasury Bonds
     Pre-Tax                                       7.36%
     Tax Equivalent Yield                          7.03%
 
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 39.0% FEDERAL AND STATE INCOME TAX
  RATE AND A 4.5% 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 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 CONNECTICUT 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  State of Connecticut, General Obligation Bonds (1995 Series B), 5.375% Due               AA-   Aa
              10/1/15.                                                                    2005 at 101
     500,000  State of Connecticut, Health and Educational Facilities Authority, Revenue               AAA   --
              Bonds, Bridgeport Hospital Issue, Series C, 5.375% Due 7/1/25. (ConnieLee
              Insured.)                                                                   2006 at 102
     500,000  State of Connecticut, Health and Educational Facilities Authority, Revenue               AAA   Aaa
              Bonds, Danbury Hospital Issue, Series F, 5.375% Due 7/1/23. (AMBAC
              Insured.)                                                                   2006 at 102
     500,000  State of Connecticut, Health and Educational Facilities Authority, Revenue               AAA   Aaa
              Bonds, Kent School Issue, Series B, 5.40% Due 7/1/23. (MBIA Insured.)       2005 at 101
     500,000  State of Connecticut, Health and Educational Facilities Authority, Revenue               AAA   Aaa
              Bonds, Trinity College Issue, Series E, 5.875% Due 7/1/26. (MBIA Insured.)  2006 at 102
     250,000  State of Connecticut, Special Tax Obligation Bonds, Transportation                       AAA   Aaa
              Infrastructure Purposes, 1995 Series B, 5.625% Due 10/1/15. (FGIC Insured.)  2004 at 101
     250,000  Town of Trumbull, Connecticut, General Obligation Bonds, 5.50% Due 6/1/14.  2006 at 100  AA   Aa
     500,000  Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General                   AAA   Aaa
              Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds
              delivered on or about May 4, 1995 at a price of 93.916% of principal
              amount.)(MBIA Insured.)                                                     2005 at 101
                                                                                              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 07/24/96.
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           $    100.77     4.90 %      5.19%   5.24%   5.22%   5.27%   5.24%   5.29 %
 500 / $50,000              100.61     4.75        5.20    5.25    5.23    5.28    5.25    5.30
 1,000 / $100,000           100.35     4.50        5.21    5.27    5.24    5.30    5.26    5.32
 2,500 / $250,000           100.08     4.25        5.23    5.29    5.26    5.32    5.28    5.34
 5,000 / $500,000            99.31     3.50        5.27    5.35    5.30    5.38    5.32    5.40
 10,000 / $1,000,000         98.79     3.00        5.29    5.39    5.33    5.42    5.35    5.44
 25,000 / $2,500,000         98.29     2.50        5.32    5.42    5.35    5.46    5.37    5.48
 50,000 / $5,000,000         97.79     2.00        5.35    5.46    5.38    5.49    5.40    5.51
</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%   34.0%   39.0%      42.5%
 <C>             <S>     <C>     <C>     <C>       <C>
         5.19  % 7.52%   7.86%   8.51%      9.03 %
         5.20    7.54    7.88    8.52       9.04
         5.21    7.55    7.89    8.54       9.06
         5.23    7.58    7.92    8.57       9.10
         5.27    7.64    7.98    8.64       9.17
         5.29    7.67    8.02    8.67       9.20
         5.32    7.71    8.06    8.72       9.25
         5.35    7.75    8.11    8.77       9.30
</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   $   .5230
 Monthly plan           10/15/96       .4359   $ 5.2309
 Quarterly plan         11/15/96       .8766
                         2/15/97      1.3149     5.2629
 Semi-annual plan       11/15/96       .8802
                         5/15/97      2.6406     5.2819
 EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
 $10,000       DIVIDED  BY 100.84 =  99.166
 investment       offering price     # of units
 (as of           and accrued        purchased
 07/24/96)        interest
 99.166       X   $5.2309        =   $518.73
 # of units       annual income      annual income
 purchased        per unit
                  (monthly plan)
</TABLE>
<PAGE>
                                                                          NUVEEN
   
NUVEEN NEW JERSEY
INSURED UNIT TRUST 210                                                       879
    
 
- --------------------------------------------------------------------------------
 
   
<TABLE>
<S>                                                 <C>
RATED: "AAA"                                        NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN:                           For the tax-sensitive, conservative investor.
5.17 - 5.38%                                        - Double Tax-Free
ESTIMATED LONG-TERM RETURN:                         - Dependable Income
5.22 - 5.49%                                        - Diversified Portfolios
DATE OF DEPOSIT: July 25, 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    25.7 years
Call Protection Earliest ordinary optional call is 2005
Minimum         $5,000 or 50 units, whichever is lower
Investment
Offering Price  $100.38 to $97.41 depending on the purchase amount
Cusip           6706LA 555 monthly payment plan
Numbers         6706LA 563 quarterly payment plan
                6706LA 571 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)
2015-18                                            28.6%
2019-22                                            28.6%
2023-26                                            35.7%
2027+                                               7.1%
The earliest ordinary optional call date is 2005
 
YIELD COMPARISON AS OF 07/24/96*
  (Description of Yield Comparison Chart)
 
Nuveen UIT
     Pre-Tax                                       8.62%
     Tax Equivalent Yield                          5.17%
 
Treasury Bonds
     Pre-Tax                                       7.51%
     Tax Equivalent Yield                          7.03%
 
Corporate Bonds
     Yield                   7.79%
</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 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 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, Rowan College   2006 at 101  AAA   Aaa
              of New Jersey Issue, Series 1996 E, 6.00% Due 7/1/21.
     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.
     250,000  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.
     250,000  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  New Jersey Transportation Trust Fund Authority, Transportation System       2005 at 102  AAA   Aaa
              Bonds, 1995 Series A, 5.00% Due 6/15/15. (Original issue discount bonds
              delivered on or about August 3, 1995 at a price of 90.629% of principal
              amount.)
     500,000  The Camden County Municipal Utilities Authority (Camden County, New         2006 at 102  AAA   Aaa
              Jersey), County Agreement Sewer Revenue Refunding Bonds, 1996 Series,
              5.125% Due 7/15/17. (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 07/24/96.
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           $    100.38     4.90 %      5.17%   5.22%   5.20%   5.25%   5.22%   5.27 %
 500 / $50,000              100.22     4.75        5.18    5.22    5.21    5.25    5.23    5.27
 1,000 / $100,000            99.96     4.50        5.19    5.25    5.22    5.28    5.24    5.30
 2,500 / $250,000            99.70     4.25        5.21    5.26    5.24    5.29    5.26    5.31
 5,000 / $500,000            98.92     3.50        5.25    5.32    5.28    5.35    5.30    5.37
 10,000 / $1,000,000         98.41     3.00        5.27    5.36    5.31    5.39    5.33    5.41
 25,000 / $2,500,000         97.91     2.50        5.30    5.40    5.33    5.43    5.35    5.45
 50,000 / $5,000,000         97.41     2.00        5.33    5.43    5.36    5.46    5.38    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      32.0%   35.0%   40.0%      43.5%
 <C>             <S>     <C>     <C>     <C>       <C>
         5.17  % 7.60%   7.95%   8.62%      9.15 %
         5.18    7.62    7.97    8.63       9.17
         5.19    7.63    7.98    8.65       9.19
         5.21    7.66    8.02    8.68       9.22
         5.25    7.72    8.08    8.75       9.29
         5.27    7.75    8.11    8.78       9.33
         5.30    7.79    8.15    8.83       9.38
         5.33    7.84    8.20    8.88       9.43
</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   $   .5187
 Monthly plan           10/15/96       .4323   $ 5.1900
 Quarterly plan         11/15/96       .8700
                         2/15/97      1.3050     5.2220
 Semi-annual plan       11/15/96       .8730
                         5/15/97      2.6190     5.2410
 EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
 $10,000       DIVIDED  BY 100.45 =  99.552
 investment       offering price     # of units
 (as of           and accrued        purchased
 07/24/96)        interest
 99.552       X   $5.1900        =   $516.67
 # of units       annual income      annual income
 purchased        per unit
                  (monthly plan)
</TABLE>
<PAGE>
                                                                          NUVEEN
   
NUVEEN NEW YORK
INSURED UNIT TRUST 255                                                       879
    
 
- --------------------------------------------------------------------------------
 
   
<TABLE>
<S>                                                 <C>
RATED: "AAA"                                        NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN:                           For the tax-sensitive, conservative investor.
5.26 - 5.48%                                        - Double Tax-Free
ESTIMATED LONG-TERM RETURN:                         - Dependable Income
5.28 - 5.54%                                        - Diversified Portfolios
DATE OF DEPOSIT: July 25, 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    27.5 years
Call Protection Earliest ordinary optional call is 2004
Minimum         $5,000 or 50 units, whichever is lower
Investment
Offering Price  $101.06 to $98.07 depending on the purchase amount
Cusip           67102K 168 monthly payment plan
Numbers         67102K 176 quarterly payment plan
                67102K 184 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 York
</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)
2019-21                                            31.5%
2022-24                                            25.7%
2025-27                                            35.7%
2028+                                               7.1%
The earliest ordinary optional call date is 2004
 
YIELD COMPARISON AS OF 07/24/96*
  (Description of Yield Comparison Chart)
 
Nuveen UIT
     Pre-Tax                                       8.84%
     Tax Equivalent Yield                          5.26%
 
Treasury Bonds
     Pre-Tax                                       7.57%
     Tax Equivalent Yield                          7.03%
 
Corporate Bonds
     Yield                   7.79%
</TABLE>
 
<PAGE>
 *COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
  GRADE LONG CORPORATE BOND INDEX. ASSUMES 40.5% FEDERAL AND STATE INCOME TAX
  RATE AND A 7.125% 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 NEW YORK INSURED UNIT TRUST CONTAINS
 
<TABLE>
<CAPTION>
                                                                                                        RATINGS
  PRINCIPAL                                                                              EARLIEST CALL ----------
    AMOUNT    BOND ISSUE                                                                 DATE AND PRICE S&P MOODY'S
 <C>        <S>                                                                          <C>           <C><C>
 ----------------------------------------------------------------------------------------------------------------
 $   250,000  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.
     250,000  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.)
     440,000  Dormitory Authority of the State of New York, Mount Sinai School of         2004 at 102  AAA   Aaa
              Medicine, Insured Revenue Bonds, Series 1994A, 5.00% Due 7/1/21.
     500,000  New York State Energy Research and Development Authority, Gas Facilities    2006 at 102  AAA   Aaa
              Revenue Bonds, 1996 Series (The Brooklyn Union Gas Company Project), 5.50%
              Due 1/1/21.
     500,000  New York Local Government Assistance Corporation (New York), Series 1995A   2005 at 102  AAA   Aaa
              Bonds, 6.00% Due 4/1/24.
     500,000  New York State Medical Care Facilities Finance Agency, Mental Health        2005 at 102  AAA   Aaa
              Services Facilities Improvement Revenue Bonds, 1995 Series A, 6.00% Due
              2/15/25. (General Obligation Bonds.)
     160,000  New York State Thruway Authority, General Revenue Bonds, Series B, 5.00%    2004 at 102  AAA   Aaa
              Due 1/1/20.
     400,000  The City of New York (New York), General Obligation Bonds, Fiscal 1996      2006 at 101  AAA   Aaa
              Series J, 6.00% Due 2/15/24.                                                    1/2
     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 07/24/96.
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           $    101.06     4.90 %      5.26%   5.28%   5.30%   5.31%   5.31%   5.33 %
 500 / $50,000              100.90     4.75        5.27    5.28    5.30    5.31    5.32    5.33
 1,000 / $100,000           100.64     4.50        5.29    5.31    5.32    5.34    5.34    5.36
 2,500 / $250,000           100.38     4.25        5.30    5.32    5.33    5.35    5.35    5.37
 5,000 / $500,000            99.60     3.50        5.34    5.38    5.37    5.41    5.39    5.43
 10,000 / $1,000,000         99.08     3.00        5.37    5.42    5.40    5.45    5.42    5.47
 25,000 / $2,500,000         98.57     2.50        5.40    5.45    5.43    5.48    5.45    5.50
 50,000 / $5,000,000         98.07     2.00        5.42    5.49    5.46    5.52    5.48    5.54
</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%   36.0%   40.5%      44.0%
 <C>             <S>     <C>     <C>     <C>       <C>
         5.26  % 7.85%   8.22%   8.84%      9.39 %
         5.27    7.87    8.23    8.86       9.41
         5.29    7.90    8.27    8.89       9.45
         5.30    7.91    8.28    8.91       9.46
         5.34    7.97    8.34    8.97       9.54
         5.37    8.01    8.39    9.03       9.59
         5.40    8.06    8.44    9.08       9.64
         5.42    8.09    8.47    9.11       9.68
</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   $   .5317
 Monthly plan           10/15/96       .4431   $ 5.3196
 Quarterly plan         11/15/96       .8916
                         2/15/97      1.3374     5.3516
 Semi-annual plan       11/15/96       .8946
                         5/15/97      2.6838     5.3706
 EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
 $10,000       DIVIDED  BY 101.13 =  98.882
 investment       offering price     # of units
 (as of           and accrued        purchased
 07/24/96)        interest
 98.882       X   $5.3196        =   $526.01
 # of units       annual income      annual income
 purchased        per unit
                  (monthly plan)
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission