<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 301 890
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.18 - 5.39% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.25 - 5.54% - Dependable Income
DATE OF DEPOSIT: September 13, 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 23.1 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.45 to $96.51 depending on the purchase amount
Cusip 6710A2 730 monthly payment plan
Numbers 6710A2 748 quarterly payment plan
6710A2 755 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 71%
AA 29
---------
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)
2015-16 7.1%
2017-18 14.3%
2019-20 50.0%
2021+ 28.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 09/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.18%
Tax Equivalent Yield 8.78%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield 7.71%
Corporate Bonds
Yield 7.99%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/11/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. 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.
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 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, 5.25% Due
2/15/19. 2006 at 102
500,000 City of Charlotte, North Carolina, General Obligation Water and Sewer AAA Aaa
Bonds, Series 1996, 5.60% Due 5/1/19. 2006 at 102
250,000 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. (MBIA Insured.) 2006 at 102
250,000 County of Pasquotank, North Carolina, Certificates of Participation (1995 AAA Aaa
Elizabeth City-Pasquotank Public Schools Project), 5.00% Due 6/1/15.
(Original issue discount bonds delivered on or about December 21, 1995 at a
price of 94.871% of principal amount.)(MBIA Insured.) 2006 at 102
500,000 County of Pitt, North Carolina, Pitt County Memorial Hospital Revenue AA- Aa
Bonds, Series 1995, 5.25% Due 12/1/21. (Original issue discount bonds
delivered on or about October 12, 1995 at a price of 92.008% of principal
amount.) 2005 at 102
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 09/12/96.
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 $ 99.45 4.90 % 5.18% 5.25% 5.21% 5.29% 5.23% 5.31 %
500 / $50,000 99.30 4.75 5.19 5.25 5.22 5.29 5.24 5.31
1,000 / $100,000 99.04 4.50 5.20 5.28 5.23 5.32 5.25 5.34
2,500 / $250,000 98.78 4.25 5.22 5.29 5.25 5.33 5.27 5.35
5,000 / $500,000 98.01 3.50 5.26 5.36 5.29 5.40 5.31 5.42
10,000 / $1,000,000 97.51 3.00 5.28 5.40 5.32 5.44 5.34 5.46
25,000 / $2,500,000 97.00 2.50 5.31 5.44 5.34 5.48 5.36 5.50
50,000 / $5,000,000 96.51 2.00 5.34 5.48 5.37 5.52 5.39 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% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
5.18 % 7.73% 8.16% 8.78% 9.33 %
5.19 7.75 8.17 8.80 9.35
5.20 7.76 8.19 8.81 9.37
5.22 7.79 8.22 8.85 9.41
5.26 7.85 8.28 8.92 9.48
5.28 7.88 8.31 8.95 9.51
5.31 7.93 8.36 9.00 9.57
5.34 7.97 8.41 9.05 9.62
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .2575
Monthly plan 11/15/96 .4293 $ 5.1520
Quarterly plan 11/15/96 .4320
2/15/97 1.2960 5.1840
Semi-annual plan 11/15/96 .4335
5/15/97 2.6010 5.2030
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.52 = 100.482
investment offering price # of units
(as of and accrued purchased
09/12/96) interest
100.482 X $5.1520 = $517.68
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN VIRGINIA
TRADITIONAL UNIT TRUST 312 890
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.26 - 5.48% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.31 - 5.59% - Dependable Income
DATE OF DEPOSIT: September 13, 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 26.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.45 to $97.48 depending on the purchase amount
Cusip 6706LB 280 monthly payment plan
Numbers 6706LB 298 quarterly payment plan
6706LB 306 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 71%
AA 29
---------
100%
Registration Registered in Virginia
</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)
2017-18 14.3%
2019-20 14.3%
2021-22 14.3%
2023-24 42.5%
2025+ 14.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 09/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.26%
Tax Equivalent Yield 8.69%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield 7.54%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.99%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/11/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. ASSUMES 39.5%
FEDERAL AND STATE INCOME TAX RATE AND A 5.75% 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.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS VIRGINIA 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 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
490,000 Industrial Development Authority of the City of Alexandria, Virginia, AAA Aaa
Pollution Control Revenue Refunding Bonds (Potomac Electric Project), 1994
Series, 5.375% Due 2/15/24. (MBIA Insured.) 2004 at 102
260,000 Capital Region Airport Commission, Richmond (Virginia), International AAA Aaa
Airport Projects, Airport Revenue Bonds, Series 1995A, 5.625% Due 7/1/25.
(AMBAC Insured.) 2005 at 102
500,000 Hampton Roads (Virginia), Regional Jail Authority, Regional Jail Facility AAA Aaa
Revenue Bonds, Series 1996A, 5.50% Due 7/1/24. (Original issue discount
bonds delivered on or about June 26, 1996 at a price of 93.256% of
principal amount.)(MBIA Insured.) 2006 at 102
500,000 Industrial Development Authority of the City of Norfolk (Virginia), AA Aa
Hospital Revenue and Refunding Bonds (Sentara Hospitals-Norfolk), Series
1994A, 5.50% Due 11/1/17. 2004 at 102
500,000 City of Norfolk, Virginia, Water Revenue Bonds, Series 1995, 5.875% Due AAA Aaa
11/1/20. (MBIA Insured.) 2005 at 102
250,000 Riverside Regional Jail Authority (Virginia), Jail Facility Revenue Bonds, AAA Aaa
Series 1995, 6.00% Due 7/1/25. (MBIA Insured.) 2005 at 102
500,000 City of Roanoke, Virginia, General Obligation Public Improvement Bonds, AA Aa
Series 1994, 5.25% Due 8/1/24. 2004 at 102
----------------------------------------------------------------------------------------------------------------
$ 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 09/12/96.
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 $ 100.45 4.90 % 5.26% 5.31% 5.30% 5.35% 5.32% 5.37 %
500 / $50,000 100.29 4.75 5.27 5.31 5.31 5.35 5.32 5.37
1,000 / $100,000 100.03 4.50 5.29 5.34 5.32 5.38 5.34 5.40
2,500 / $250,000 99.77 4.25 5.30 5.35 5.33 5.39 5.35 5.41
5,000 / $500,000 98.99 3.50 5.34 5.41 5.37 5.45 5.39 5.47
10,000 / $1,000,000 98.48 3.00 5.37 5.45 5.40 5.49 5.42 5.51
25,000 / $2,500,000 97.98 2.50 5.40 5.49 5.43 5.53 5.45 5.55
50,000 / $5,000,000 97.48 2.00 5.43 5.53 5.46 5.57 5.48 5.59
</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% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.26 % 7.74% 8.09% 8.69% 9.23 %
5.27 7.75 8.11 8.71 9.25
5.29 7.78 8.14 8.74 9.28
5.30 7.79 8.15 8.76 9.30
5.34 7.85 8.22 8.83 9.37
5.37 7.90 8.26 8.88 9.42
5.40 7.94 8.31 8.93 9.47
5.43 7.99 8.35 8.98 9.53
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .2644
Monthly plan 11/15/96 .4407 $ 5.2887
Quarterly plan 11/15/96 .4431
2/15/97 1.3293 5.3207
Semi-annual plan 11/15/96 .4449
5/15/97 2.6694 5.3397
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.52 = 99.482
investment offering price # of units
(as of and accrued purchased
09/12/96) interest
99.482 X $5.2887 = $526.13
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN FLORIDA NUVEEN
INSURED UNIT TRUST 234 890
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
All bonds in this Unit Trust are insured by MBIA For the tax-sensitive, conservative investor.
Insurance Corporation. As a result, the bonds are - Tax-Free
rated Aaa by Moody's Investors Service, Inc. and - Dependable Income
both the bonds and the Units are rated AAA by - Diversified Portfolios
Standard & Poor's, the highest rating given by - Top-Rated Municipal Bonds
each agency. DATE OF DEPOSIT: September 13, 1996
ESTIMATED CURRENT RETURN:
5.23 - 5.44%
ESTIMATED LONG-TERM RETURN:
5.28 - 5.54%
</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 income tax. 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 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.78 to $97.80 depending on the purchase amount
Cusip 6706H4 828 monthly payment plan
Numbers 6706H4 836 quarterly payment plan
6706H4 844 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 Florida
</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)
2018-19 14.3%
2020-21 14.3%
2022-23 0.0%
2024-25 47.0%
2026+ 24.4%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 09/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.23%
Tax Equivalent Yield 8.17%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.99%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/11/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. ASSUMES 36.0%
FEDERAL 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.
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 FLORIDA 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 Florida, State Board of Education, Public Education Capital Outlay 2005 at 101 AAA Aaa
Bonds, 1994 Series C, 5.60% Due 6/1/25. (General Obligation Bonds.)
145,000 State of Florida, Department of Transportation, Turnpike Revenue Bonds, 2005 at 101 AAA Aaa
Series 1995A, 5.625% Due 7/1/25.
355,000 Dade County, Florida, Aviation Revenue Bonds, Series 1996B, 5.60% Due 2006 at 102 AAA Aaa
10/1/26.
500,000 Dade County, Florida, Seaport General Obligation Refunding Bonds, Series 2006 at 102 AAA Aaa
1996 (General Obligation Bonds.), 5.125% Due 10/1/21.
500,000 Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1995, 2005 at 102 AAA Aaa
5.50% Due 10/1/25. (Original issue discount bonds delivered on or about
October 19, 1995 at a price of 94.942% of principal amount.)
500,000 City of Lakeland, Florida, Electric and Water Revenue Bonds, Series 1996B, 2006 at 101 AAA Aaa
5.625% Due 10/1/19.
500,000 City of Sunrise, Florida, Utility System Revenue Bonds, Series 1996A, 5.75% 2006 at 101 AAA Aaa
Due 10/1/26. (When issued.)
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 09/12/96.
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 $ 100.78 4.90 % 5.23% 5.28% 5.26% 5.31% 5.28% 5.33 %
500 / $50,000 100.62 4.75 5.23 5.29 5.27 5.31 5.29 5.33
1,000 / $100,000 100.36 4.50 5.25 5.31 5.28 5.34 5.30 5.36
2,500 / $250,000 100.09 4.25 5.26 5.32 5.29 5.35 5.31 5.37
5,000 / $500,000 99.32 3.50 5.30 5.38 5.34 5.41 5.35 5.43
10,000 / $1,000,000 98.80 3.00 5.33 5.42 5.36 5.45 5.38 5.47
25,000 / $2,500,000 98.30 2.50 5.36 5.45 5.39 5.48 5.41 5.50
50,000 / $5,000,000 97.80 2.00 5.39 5.49 5.42 5.52 5.44 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 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.23 % 7.26% 7.58% 8.17% 8.66 %
5.23 7.26 7.58 8.17 8.66
5.25 7.29 7.61 8.20 8.69
5.26 7.31 7.62 8.22 8.71
5.30 7.36 7.68 8.28 8.77
5.33 7.40 7.72 8.33 8.82
5.36 7.44 7.77 8.38 8.87
5.39 7.49 7.81 8.42 8.92
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .2633
Monthly plan 11/15/96 .4389 $ 5.2668
Quarterly plan 11/15/96 .4413
2/15/97 1.3239 5.2988
Semi-annual plan 11/15/96 .4431
5/15/97 2.6586 5.3178
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.85 = 99.157
investment offering price # of units
(as of and accrued purchased
09/12/96) interest
99.157 X $5.2668 = $522.24
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW JERSEY NUVEEN
INSURED UNIT TRUST 212 890
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
All bonds in this Unit Trust are insured by MBIA For the tax-sensitive, conservative investor.
Insurance Corporation. As a result, the bonds are - Double Tax-Free
rated Aaa by Moody's Investors Service, Inc. and - Dependable Income
both the bonds and the Units are rated AAA by - Diversified Portfolios
Standard & Poor's, the highest rating given by - Top-Rated Municipal Bonds
each agency. DATE OF DEPOSIT: September 13, 1996
ESTIMATED CURRENT RETURN:
5.16 - 5.37%
ESTIMATED LONG-TERM RETURN:
5.19 - 5.47%
</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 25.1 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.31 to $97.35 depending on the purchase amount
Cusip 6706LA 613 monthly payment plan
Numbers 6706LA 621 quarterly payment plan
6706LA 639 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)
2011-15 14.3%
2016-20 28.6%
2021-25 28.5%
2026+ 28.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 09/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.16%
Tax Equivalent Yield 8.60%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield 7.59%
Corporate Bonds
Yield 7.99%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/11/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. 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.
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 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, 5.50% Due 6/15/11.
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 Delaware River Port Authority (New Jersey and Pennsylvania), Revenue Bonds, 2006 at 102 AAA Aaa
Series of 1995, 5.50% Due 1/1/26.
500,000 The Evesham Municipal Utilities Authority (Burlington County, New Jersey), 2005 at 100 AAA Aaa
Revenue Bonds, 1995 Series A, 5.70% Due 7/1/20.
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 09/12/96.
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 $ 100.31 4.90 % 5.16% 5.19% 5.19% 5.23% 5.21% 5.25 %
500 / $50,000 100.16 4.75 5.17 5.20 5.20 5.24 5.22 5.26
1,000 / $100,000 99.90 4.50 5.18 5.22 5.21 5.26 5.23 5.28
2,500 / $250,000 99.63 4.25 5.20 5.24 5.23 5.28 5.25 5.30
5,000 / $500,000 98.86 3.50 5.24 5.30 5.27 5.34 5.29 5.36
10,000 / $1,000,000 98.35 3.00 5.26 5.34 5.30 5.38 5.31 5.40
25,000 / $2,500,000 97.85 2.50 5.29 5.38 5.32 5.42 5.34 5.43
50,000 / $5,000,000 97.35 2.00 5.32 5.41 5.35 5.45 5.37 5.47
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by tax
UNIT TRUST bracket)
RETURN 32.0% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
5.16 % 7.59% 7.94% 8.60% 9.13 %
5.17 7.60 7.95 8.62 9.15
5.18 7.62 7.97 8.63 9.17
5.20 7.65 8.00 8.67 9.20
5.24 7.71 8.06 8.73 9.27
5.26 7.74 8.09 8.77 9.31
5.29 7.78 8.14 8.82 9.36
5.32 7.82 8.18 8.87 9.42
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .2586
Monthly plan 11/15/96 .4311 $ 5.1762
Quarterly plan 11/15/96 .4338
2/15/97 1.3014 5.2082
Semi-annual plan 11/15/96 .4353
5/15/97 2.6118 5.2272
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.38 = 99.621
investment offering price # of units
(as of and accrued purchased
09/12/96) interest
99.621 X $5.1762 = $515.66
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
