<PAGE>
NUVEEN
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 284 896
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.07 - 5.28% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.11 - 5.38% - Dependable Income
DATE OF DEPOSIT: October 18, 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 24.9 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.85 to $98.84 depending on the purchase amount
Cusip 67064X 224 monthly payment plan
Numbers 67064X 232 quarterly payment plan
67064X 240 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 86%
AA 14
---------
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)
2012-14 14.3%
2015-17 0.0%
2018-20 14.3%
2021-23 42.8%
2024+ 28.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 10/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 8.31%
Treasury Bonds
Yield 6.86%
Tax Equivalent Yield 7.18%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.64%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 10/16/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 10/16/96. 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.
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 (1996 Series A), New Money AA- Aa
Bonds, 5.375% Due 5/15/12. 2006 at 101
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, Westminster School Issue, Series A, 5.50% Due 7/1/26. (Original
issue discount bonds delivered on or about May 22, 1996 at a price of
93.724% of principal amount.)(MBIA Insured.) 2006 at 101
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Yale-New Haven Hospital Issue, Series H, 5.70% Due 7/1/25. (MBIA
Insured.) 2006 at 102
500,000 State of Connecticut, Clean Water Fund Revenue Bonds, 1996 Series, 5.125% AA+ Aaa
Due 5/1/18. 2005 at 101
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 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 10/17/96.
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 $ 101.85 4.90 % 5.07% 5.11% 5.10% 5.14% 5.12% 5.16 %
500 / $50,000 101.69 4.75 5.08 5.12 5.11 5.15 5.13 5.17
1,000 / $100,000 101.42 4.50 5.09 5.14 5.12 5.17 5.14 5.19
2,500 / $250,000 101.16 4.25 5.11 5.16 5.14 5.19 5.16 5.21
5,000 / $500,000 100.37 3.50 5.15 5.22 5.18 5.25 5.20 5.27
10,000 / $1,000,000 99.86 3.00 5.17 5.26 5.20 5.29 5.22 5.31
25,000 / $2,500,000 99.34 2.50 5.20 5.29 5.23 5.32 5.25 5.34
50,000 / $5,000,000 98.84 2.00 5.23 5.33 5.26 5.36 5.28 5.38
</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>
5.07 % 7.35% 7.68% 8.31% 8.82 %
5.08 7.36 7.70 8.33 8.83
5.09 7.38 7.71 8.34 8.85
5.11 7.41 7.74 8.38 8.89
5.15 7.46 7.80 8.44 8.96
5.17 7.49 7.83 8.48 8.99
5.20 7.54 7.88 8.52 9.04
5.23 7.58 7.92 8.57 9.10
</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
12/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 12/15/96 $ .6166
Monthly plan 1/15/97 .4302 $ 5.1652
Quarterly plan 2/15/97 .8658
5/15/97 1.2987 5.1972
Semi-annual plan 5/15/97 2.1720
11/15/97 2.6064 5.2162
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.92 = 98.116
investment offering price # of units
(as of and accrued purchased
10/17/96) interest
98.116 X $5.1652 = $506.79
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MARYLAND
TRADITIONAL UNIT TRUST 318 896
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.93 - 5.13% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.04 - 5.32% - Dependable Income
DATE OF DEPOSIT: October 18, 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 23.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.59 to $96.64 depending on the purchase amount
Cusip 67102E 469 monthly payment plan
Numbers 67102E 477 quarterly payment plan
67102E 485 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 57%
AA 29
A 14
---------
100%
Registration Registered in Maryland
</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 28.6%
2017-19 14.3%
2020-22 28.6%
2023-25 0.0%
2026+ 28.5%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 10/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.93%
Tax Equivalent Yield 8.08%
Treasury Bonds
Yield 6.86%
Tax Equivalent Yield 7.22%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.64%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 10/16/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 10/16/96. ASSUMES 39.0%
FEDERAL AND STATE INCOME TAX RATE AND A 5.0% 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 MARYLAND 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 Maryland Health and Higher Educational Facilities Authority, Parking AAA Aaa
Revenue Bonds, The Johns Hopkins Medical Institutions Parking Facilities
Issue, Series 1996, 5.50% Due 7/1/26. (AMBAC Insured.) 2006 at 102
500,000 University of Maryland System, Auxiliary Facility and Tuition Revenue AA+ Aa
Bonds, 1996 Series A, 5.75% Due 4/1/17. 2006 at 101
500,000 Anne Arundel County, Maryland, General Obligation Bonds, Consolidated Water AA+ Aa
and Sewer Series, 1996, 2006 at 101
45M-5.00% Due 9/1/20, (Original issue discount bonds delivered on or about
March 20, 1996 at a price of 93.957% of principal amount.)
455M-5.00% Due 9/1/22. (Original issue discount bonds delivered on or about
March 20, 1996 at a price of 93.731% of principal amount.)
300,000 Baltimore County, Maryland, General Obligation Bonds, Baltimore County AAA Aaa
Metropolitan District Bonds (65th Issue), 5.50% Due 6/1/16. 2006 at 101
500,000 City of Baltimore, Maryland (Mayor and City Council of Baltimore), Project AAA Aaa
and Refunding Revenue Bonds (Water Projects), Series 1996-A, 5.50% Due
7/1/26. (Original issue discount bonds delivered on or about July 31, 1996
at a price of 93.74% of principal amount.)(FGIC Insured.) 2006 at 101
500,000 Calvert County, Maryland, Pollution Control Revenue Refunding Bonds A A2
(Baltimore Gas and Electric Company Project), Series 1993, 5.55% Due
7/15/14. 2004 at 102
200,000 Washington County, Maryland, Water and Sewer Project and Refunding Bonds, AAA Aaa
Series 1996A (Capital Appreciation General Obligation Bonds), 0.00% Due
1/1/14. (Original issue discount bonds delivered on or about June 19, 1996
at a price of 36.386% of principal amount.)(FGIC Insured.) No Optional
Call
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 10/17/96.
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 $ 99.59 4.90 % 4.93% 5.04% 4.96% 5.08% 4.98% 5.10 %
500 / $50,000 99.43 4.75 4.94 5.04 4.97 5.08 4.99 5.10
1,000 / $100,000 99.17 4.50 4.95 5.07 4.98 5.11 5.00 5.13
2,500 / $250,000 98.91 4.25 4.97 5.08 5.00 5.12 5.02 5.14
5,000 / $500,000 98.15 3.50 5.00 5.14 5.04 5.18 5.06 5.20
10,000 / $1,000,000 97.64 3.00 5.03 5.18 5.06 5.22 5.08 5.24
25,000 / $2,500,000 97.14 2.50 5.06 5.22 5.09 5.26 5.11 5.28
50,000 / $5,000,000 96.64 2.00 5.08 5.26 5.11 5.30 5.13 5.32
</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 31.5% 34.5% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
4.93 % 7.20% 7.53% 8.08% 8.57 %
4.94 7.21 7.54 8.10 8.59
4.95 7.23 7.56 8.11 8.61
4.97 7.26 7.59 8.15 8.64
5.00 7.30 7.63 8.20 8.70
5.03 7.34 7.68 8.25 8.75
5.06 7.39 7.73 8.30 8.80
5.08 7.42 7.76 8.33 8.83
</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
12/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 12/15/96 $ .5865
Monthly plan 1/15/97 .4092 $ 4.9111
Quarterly plan 2/15/97 .8238
5/15/97 1.2357 4.9431
Semi-annual plan 5/15/97 2.0670
11/15/97 2.4804 4.9621
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.66 = 100.341
investment offering price # of units
(as of and accrued purchased
10/17/96) interest
100.341 X $4.9111 = $492.78
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN ARIZONA NUVEEN
INSURED UNIT TRUST 49 896
- --------------------------------------------------------------------------------
<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: October 18, 1996
ESTIMATED CURRENT RETURN:
4.96 - 5.16%
ESTIMATED LONG-TERM RETURN:
5.01 - 5.27%
</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 $3,900,000 in 39,000 units
Average Life 25.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.17 to $97.20 depending on the purchase amount
Cusip 67101J 766 monthly payment plan
Numbers 67101J 774 quarterly payment plan
67101J 782 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)
2013-16 21.2%
2017-20 12.8%
2021-24 30.7%
2025+ 35.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 10/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.96%
Tax Equivalent Yield 8.20%
Treasury Bonds
Yield 6.86%
Tax Equivalent Yield 7.24%
Corporate Bonds
Yield 7.64%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 10/16/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 10/16/96. 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.
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.
325,000 Madison Elementary School District No. 38 of Maricopa County, Arizona, 2005 at 101 AAA Aaa
School Improvement Bonds, Project of 1995, Series A (1995), 5.00% Due
7/1/14. (Original issue discount bonds delivered on or about June 7, 1995
at a price of 91.92% of principal amount.)(General Obligation Bonds.)
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, Arizona, Various Purpose General Obligation Bonds, Series 2006 at 102 AAA Aaa
1995B, 5.00% Due 7/1/20. (Original issue discount bonds delivered on or
about November 29, 1995 at a price of 93.554% of principal amount.)
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.)
100,000 City of Phoenix, Arizona, Junior Lien Street and Highway User, Revenue No Optional AAA Aaa
Refunding Bonds, Series 1992A, 0.00% Due 7/1/13. (Original issue discount Call
bonds delivered on or about January 6, 1993 at a price of 26.704% of
principal amount.)
400,000 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, Water System Revenue Bonds, Series 1994-A (1996), 2006 at 101 AAA Aaa
6.00% Due 7/1/21.
375,000 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
200,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General 2005 at 101 AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds 1/2
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)
----------------------------------------------------------------------------------------------------------------
$ 3,900,000 TOTAL 10 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 10/17/96.
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 $ 100.17 4.90 % 4.96% 5.01% 4.99% 5.04% 5.01% 5.06 %
500 / $50,000 100.01 4.75 4.97 5.01 5.00 5.04 5.02 5.06
1,000 / $100,000 99.75 4.50 4.98 5.04 5.01 5.07 5.03 5.09
2,500 / $250,000 99.49 4.25 4.99 5.05 5.02 5.08 5.04 5.10
5,000 / $500,000 98.72 3.50 5.03 5.11 5.06 5.14 5.08 5.16
10,000 / $1,000,000 98.21 3.00 5.06 5.15 5.09 5.18 5.11 5.20
25,000 / $2,500,000 97.70 2.50 5.08 5.18 5.12 5.22 5.13 5.24
50,000 / $5,000,000 97.20 2.00 5.11 5.22 5.14 5.25 5.16 5.27
</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>
4.96 % 7.19% 7.57% 8.20% 8.70 %
4.97 7.20 7.59 8.21 8.72
4.98 7.22 7.60 8.23 8.74
4.99 7.23 7.62 8.25 8.75
5.03 7.29 7.68 8.31 8.82
5.06 7.33 7.73 8.36 8.88
5.08 7.36 7.76 8.40 8.91
5.11 7.41 7.80 8.45 8.96
</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
12/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 12/15/96 $ .5929
Monthly plan 1/15/97 .4137 $ 4.9657
Quarterly plan 2/15/97 .8328
5/15/97 1.2492 4.9977
Semi-annual plan 5/15/97 2.0895
11/15/97 2.5074 5.0167
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.24 = 99.760
investment offering price # of units
(as of and accrued purchased
10/17/96) interest
99.760 X $4.9657 = $495.38
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN OHIO NUVEEN
INSURED UNIT TRUST 138 896
- --------------------------------------------------------------------------------
<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: October 18, 1996
ESTIMATED CURRENT RETURN:
5.10 - 5.31%
ESTIMATED LONG-TERM RETURN:
5.15 - 5.41%
</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 27.9 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.44 to $97.47 depending on the purchase amount
Cusip 67102G 316 monthly payment plan
Numbers 67102G 324 quarterly payment plan
67102G 332 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)
2018-19 14.3%
2020-21 2.9%
2022-23 14.3%
2024-25 14.3%
2026+ 54.2%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 10/17/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.10%
Tax Equivalent Yield 8.64%
Treasury Bonds
Yield 6.86%
Tax Equivalent Yield 7.42%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.64%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 10/16/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 10/16/96. 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.
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, Turnpike Revenue Bonds, 1996 Series A, Issued by the Ohio 2006 at 102 AAA Aaa
Turnpike Commission, 5.50% Due 2/15/26. (Original issue discount bonds
delivered on or about June 20, 1996 at a price of 93.50% of principal
amount.)
400,000 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 Improvement and Refunding Revenue Bonds, 2006 at 102 AAA Aaa
Series 1996A (University Hospitals Health System, Inc. Project), 5.625% Due
1/15/26.
100,000 City of Huber Heights, Ohio, Water System Revenue Bonds, Series 1995, 0.00% No Optional AAA Aaa
Due 12/1/21. (Original issue discount bonds delivered on or about September Call
29, 1995 at a price of 20.229% of principal amount.)
500,000 Marysville (Ohio), Exempted Village School District, General Obligation 2005 at 101 AAA Aaa
School Improvement Bonds, 5.75% Due 12/1/23.
500,000 County of Montgomery, Ohio, Hospital Facilities Revenue Refunding and 2006 at 102 AAA Aaa
Improvement Bonds, Series 1996 (Kettering Medical Center), 5.50% Due
4/1/26. (Original issue discount bonds delivered on or about May 16, 1996
at a price of 92.692% of principal amount.)
500,000 Upper Arlington City School District, Franklin County, Ohio, School 2006 at 101 AAA Aaa
Building Improvement Bonds, 5.125% Due 12/1/19. (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 10/17/96.
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 $ 100.44 4.90 % 5.10% 5.15% 5.13% 5.18% 5.15% 5.20 %
500 / $50,000 100.28 4.75 5.11 5.16 5.14 5.19 5.16 5.21
1,000 / $100,000 100.02 4.50 5.12 5.18 5.15 5.21 5.17 5.23
2,500 / $250,000 99.76 4.25 5.13 5.19 5.16 5.22 5.18 5.24
5,000 / $500,000 98.98 3.50 5.17 5.25 5.21 5.28 5.22 5.30
10,000 / $1,000,000 98.47 3.00 5.20 5.29 5.23 5.32 5.25 5.34
25,000 / $2,500,000 97.97 2.50 5.23 5.32 5.26 5.35 5.28 5.37
50,000 / $5,000,000 97.47 2.00 5.25 5.36 5.29 5.39 5.31 5.41
</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>
5.10 % 7.56% 7.97% 8.64% 9.11 %
5.11 7.57 7.98 8.66 9.13
5.12 7.59 8.00 8.68 9.14
5.13 7.60 8.02 8.69 9.16
5.17 7.66 8.08 8.76 9.23
5.20 7.70 8.13 8.81 9.29
5.23 7.75 8.17 8.86 9.34
5.25 7.78 8.20 8.90 9.38
</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
12/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 12/15/96 $ .6114
Monthly plan 1/15/97 .4266 $ 5.1202
Quarterly plan 2/15/97 .8586
5/15/97 1.2879 5.1522
Semi-annual plan 5/15/97 2.1540
11/15/97 2.5848 5.1712
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.51 = 99.492
investment offering price # of units
(as of and accrued purchased
10/17/96) interest
99.492 X $5.1202 = $509.42
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
