<PAGE>
NUVEEN
NUVEEN VIRGINIA
TRADITIONAL UNIT TRUST 313 900
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.95 - 5.15% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.00 - 5.26% - Dependable Income
DATE OF DEPOSIT: November 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 26.7 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.44 to $97.47 depending on the purchase amount
Cusip 6706LB 314 monthly payment plan
Numbers 6706LB 322 quarterly payment plan
6706LB 330 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 43
---------
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)
2016-18 14.3%
2019-21 0.0%
2022-24 42.8%
2025+ 42.9%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 11/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.95%
Tax Equivalent Yield 8.18%
Treasury Bonds
Yield 6.51%
Tax Equivalent Yield 6.91%
Corporate Bonds
Yield 7.27%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 11/08/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 11/08/96. 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
500,000 Virginia Public Building Authority, State Building Revenue Bonds, Series AA Aa
1995, 5.20% Due 8/1/16. 2005 at 101
500,000 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
500,000 City of Chesapeake, Virginia, General Obligation Water and Sewer Bonds, AA Aa
Series of 1995A, 5.00% Due 12/1/25. (Original issue discount bonds
delivered on or about December 12, 1995 at a price of 92.282% of principal
amount.) 2005 at 102
500,000 County of Hanover, Virginia, Water and Sewer System Revenue Bonds, Series AAA Aaa
1996, 5.25% Due 2/1/26. (MBIA Insured.) 2006 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
500,000 Upper Occoquan Sewage Authority (Virginia), Regional Sewerage System AAA Aaa
Revenue Bonds, Series of 1995A, 5.00% Due 7/1/25. (MBIA Insured.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 6 BONDS FROM VIRGINIA AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 11/12/96.
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 $ 100.44 4.90 % 4.95% 5.00% 4.98% 5.02% 5.00% 5.04 %
500 / $50,000 100.28 4.75 4.96 5.00 4.99 5.03 5.01 5.05
1,000 / $100,000 100.02 4.50 4.97 5.02 5.00 5.05 5.02 5.07
2,500 / $250,000 99.76 4.25 4.98 5.04 5.01 5.07 5.03 5.09
5,000 / $500,000 98.98 3.50 5.02 5.10 5.05 5.13 5.07 5.15
10,000 / $1,000,000 98.47 3.00 5.05 5.13 5.08 5.16 5.10 5.18
25,000 / $2,500,000 97.97 2.50 5.07 5.17 5.11 5.20 5.12 5.22
50,000 / $5,000,000 97.47 2.00 5.10 5.21 5.13 5.24 5.15 5.26
</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>
4.95 % 7.28% 7.62% 8.18% 8.68 %
4.96 7.29 7.63 8.20 8.70
4.97 7.31 7.65 8.21 8.72
4.98 7.32 7.66 8.23 8.74
5.02 7.38 7.72 8.30 8.81
5.05 7.43 7.77 8.35 8.86
5.07 7.46 7.80 8.38 8.89
5.10 7.50 7.85 8.43 8.95
</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 $ .2484
Monthly plan 1/15/97 .4140 $ 4.9694
Quarterly plan 2/15/97 .8334
5/15/97 1.2501 5.0014
Semi-annual plan 5/15/97 2.0910
11/15/97 2.5092 5.0204
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
11/12/96) interest
99.492 X $4.9694 = $494.42
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN CALIFORNIA NUVEEN
INSURED UNIT TRUST 276 900
- --------------------------------------------------------------------------------
<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: November 13, 1996
ESTIMATED CURRENT RETURN:
4.98 - 5.19%
ESTIMATED LONG-TERM RETURN:
5.03 - 5.29%
</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 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.58 to $98.57 depending on the purchase amount
Cusip 67065A 199 monthly payment plan
Numbers 67065A 207 quarterly payment plan
67065A 215 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 California
</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)
2016-18 28.5%
2019-21 28.6%
2022-24 0.0%
2025+ 42.9%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 11/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.98%
Tax Equivalent Yield 8.59%
Treasury Bonds
Yield 6.51%
Tax Equivalent Yield 7.18%
Corporate Bonds
Yield 7.27%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 11/08/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 11/08/96. ASSUMES 42.0%
FEDERAL AND STATE INCOME TAX RATE AND A 9.30% 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 CALIFORNIA 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>
----------------------------------------------------------------------------------------------------------------
$ 525,000 California Educational Facilities Authority Revenue Bonds (Santa Clara 2006 at 102 AAA Aaa
University), Series 1996, 5.75% Due 9/1/26. (When issued.)
500,000 East Bay Municipal Utility District (Alameda and Contra Costa Counties, 2006 at 102 AAA Aaa
California), Wastewater System Subordinated Revenue/Refunding Bonds, Series
1996, 5.00% Due 6/1/16.
475,000 Redevelopment Agency of the City of El Centro, California (Imperial 2006 at 102 AAA Aaa
County), El Centro Redevelopment Project, Tax Allocation Refunding Bonds,
Series 1996, 5.50% Due 11/1/26. (Original issue discount bonds delivered on
or about October 15, 1996 at a price of 94.869% of principal amount.)
500,000 Saddleback Community College District (Orange County, California), 2006 at 102 AAA Aaa
Certificates of Participation (1996 Capital Improvement Financing Project),
5.50% Due 6/1/21. (Original issue discount bonds delivered on or about June
4, 1996 at a price of 94.555% of principal amount.)
500,000 Airports Commission of the City and County of San Francisco, California, 2005 at 101 AAA Aaa
San Francisco International Airport, Second Series Revenue Bonds, Issue 9B,
5.25% Due 5/1/20.
500,000 Southern California Public Power Authority, Mead-Adelanto Project Revenue 2004 at 102 AAA Aaa
Bonds, 1994 Series A, 4.75% Due 7/1/16. (Original issue discount bonds
delivered on or about March 1, 1994 at a price of 93.462% of principal
amount.)
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 6 BONDS FROM CALIFORNIA AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 11/12/96.
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 $ 101.58 4.90 % 4.98% 5.03% 5.01% 5.05% 5.03% 5.07 %
500 / $50,000 101.42 4.75 4.99 5.03 5.02 5.06 5.04 5.08
1,000 / $100,000 101.15 4.50 5.00 5.05 5.03 5.08 5.05 5.10
2,500 / $250,000 100.89 4.25 5.02 5.07 5.05 5.10 5.07 5.12
5,000 / $500,000 100.10 3.50 5.06 5.13 5.09 5.16 5.11 5.18
10,000 / $1,000,000 99.59 3.00 5.08 5.17 5.11 5.20 5.13 5.22
25,000 / $2,500,000 99.08 2.50 5.11 5.20 5.14 5.23 5.16 5.26
50,000 / $5,000,000 98.57 2.00 5.13 5.24 5.17 5.27 5.19 5.29
</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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
4.98 % 7.60% 7.97% 8.59% 9.05 %
4.99 7.62 7.98 8.60 9.07
5.00 7.63 8.00 8.62 9.09
5.02 7.66 8.03 8.66 9.13
5.06 7.73 8.10 8.72 9.20
5.08 7.76 8.13 8.76 9.24
5.11 7.80 8.18 8.81 9.29
5.13 7.83 8.21 8.84 9.33
</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 $ .2529
Monthly plan 1/15/97 .4215 $ 5.0601
Quarterly plan 2/15/97 .8484
5/15/97 1.2726 5.0921
Semi-annual plan 5/15/97 2.1285
11/15/97 2.5542 5.1111
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.65 = 98.376
investment offering price # of units
(as of and accrued purchased
11/12/96) interest
98.376 X $5.0601 = $497.79
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW JERSEY NUVEEN
INSURED UNIT TRUST 214 900
- --------------------------------------------------------------------------------
<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: November 13, 1996
ESTIMATED CURRENT RETURN:
4.91 - 5.11%
ESTIMATED LONG-TERM RETURN:
4.98 - 5.24%
</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 26.8 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.82 to $96.87 depending on the purchase amount
Cusip 6706LA 670 monthly payment plan
Numbers 6706LA 688 quarterly payment plan
6706LA 696 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)
2016-18 14.3%
2019-21 14.3%
2022-24 14.3%
2025+ 57.1%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 11/12/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.91%
Tax Equivalent Yield 8.18%
Treasury Bonds
Yield 6.51%
Tax Equivalent Yield 6.95%
Corporate Bonds
Yield 7.27%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 11/08/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 11/08/96. 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 Educational Facilities Authority, Revenue Bonds, New Jersey 2005 at 101 AAA Aaa
Institute of Technology, Series 1995 E, 5.375% Due 7/1/25.
500,000 New Jersey Educational Facilities Authority, Revenue Bonds, University of 2005 at 101 AAA Aaa
Medicine and Dentistry of New Jersey Issue, Series 1995 B, 5.25% Due
12/1/21.
500,000 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 The Brick Township Municipal Utilities Authority, Ocean County, New Jersey, 2006 at 101 AAA Aaa
Revenue Refunding Bonds (Series 1996), 5.00% Due 12/1/16. (Original issue
discount bonds will be delivered on or about November 26, 1996 at a price
of 93.631% of principal amount.)(General Obligation Bonds.) (When issued.)
500,000 The Delaware River and Bay Authority, Revenue Bonds (Delaware and New 2004 at 102 AAA Aaa
Jersey), Series 1993, 4.75% Due 1/1/24. (Original issue discount bonds
delivered on or about October 27, 1993 at a price of 94.631% of principal
amount.)
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 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 6 BONDS FROM NEW JERSEY AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 11/12/96.
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 $ 99.82 4.90 % 4.91% 4.98% 4.94% 5.01% 4.96% 5.03 %
500 / $50,000 99.66 4.75 4.92 4.98 4.95 5.01 4.97 5.03
1,000 / $100,000 99.40 4.50 4.93 5.01 4.96 5.04 4.98 5.06
2,500 / $250,000 99.14 4.25 4.95 5.02 4.98 5.05 5.00 5.07
5,000 / $500,000 98.37 3.50 4.98 5.08 5.02 5.11 5.04 5.13
10,000 / $1,000,000 97.87 3.00 5.01 5.11 5.04 5.14 5.06 5.16
25,000 / $2,500,000 97.36 2.50 5.04 5.15 5.07 5.18 5.09 5.20
50,000 / $5,000,000 96.87 2.00 5.06 5.19 5.09 5.22 5.11 5.24
</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>
4.91 % 7.22% 7.55% 8.18% 8.69 %
4.92 7.24 7.57 8.20 8.71
4.93 7.25 7.58 8.22 8.73
4.95 7.28 7.62 8.25 8.76
4.98 7.32 7.66 8.30 8.81
5.01 7.37 7.71 8.35 8.87
5.04 7.41 7.75 8.40 8.92
5.06 7.44 7.78 8.43 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 $ .2449
Monthly plan 1/15/97 .4083 $ 4.9031
Quarterly plan 2/15/97 .8220
5/15/97 1.2330 4.9351
Semi-annual plan 5/15/97 2.0640
11/15/97 2.4768 4.9541
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.89 = 100.110
investment offering price # of units
(as of and accrued purchased
11/12/96) interest
100.110 X $4.9031 = $490.85
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
