<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 333 903
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<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: November 27, 1996
ESTIMATED CURRENT RETURN:
5.07 - 5.28%
ESTIMATED LONG-TERM RETURN:
5.13 - 5.40%
</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.
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QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal income tax but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $7,500,000 in 75,000 units
Average Life 28.3 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.94 to $96.98 depending on the purchase amount
Cusip 6710A5 402 monthly payment plan
Numbers 6710A5 410 quarterly payment plan
6710A5 428 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 all states
</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>
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PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 10.9 % Colorado 10.0 % Illinois 18.6 %
Indiana 10.9 Louisiana 10.6 New Hampshire 7.2
Rhode Island 10.6 Texas 10.6 Wisconsin 10.6
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2020-22 24.0%
2023-25 39.3%
2026+ 36.7%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 11/26/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 7.92%
Treasury Bonds
Yield 6.42%
Tax Equivalent Yield 6.76%
Corporate Bonds
Yield 7.13%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 11/25/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 11/25/96. ASSUMES 36.0%
FEDERAL AND 5.0% STATE INCOME TAX RATES. 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>
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BONDS THIS NATIONAL 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>
----------------------------------------------------------------------------------------------------------------
$ 750,000 County of Madera, California, Certificates of Participation (Valley AAA Aaa
Children's Hospital Project), Series 1995, 5.75% Due 3/15/28. (Original
issue discount bonds delivered on or about August 2, 1995 at a price of
92.415% of principal amount.) 2005 at 102
700,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
600,000 Chicago Park District, Illinois, General Obligation Unlimited Tax Park AAA Aaa
Bonds, Series 1996 (Personal Property Replacement Tax Alternative Revenue
Source), 5.60% Due 1/1/21. 2007 at 101
310,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Bonds, Series 1994B, 0.00% Due 6/15/22. (Original issue
discount bonds delivered on or about June 23, 1994 at a price of 15.821% of
principal amount.) No Optional
Call
750,000 City of Springfield, Sangamon County, Illinois, General Obligation Bonds, AAA Aaa
Series 1996C, 5.375% Due 12/1/21. 2006 at 102
750,000 Indiana Educational Facilities Authority, Educational Facilities Revenue AAA Aaa
Bonds, Series 1996 (Butler University Project), 5.75% Due 1/1/26. 2006 at 101
750,000 Ernest N. Morial-New Orleans (Louisiana), Exhibition Hall Authority, AAA Aaa
Special Tax Bonds, Series 1996-C, 5.60% Due 7/15/25. 2006 at 101
500,000 New Hampshire Higher Educational and Health Facilities Authority, Revenue AAA Aaa
Bonds, Saint Anselm College Issue, Series 1996, 5.75% Due 7/1/26. 2006 at 102
750,000 Rhode Island Health and Educational Building Corporation, Higher Education AAA Aaa
Facility Revenue Bonds, Rhode Island School of Design Issue, Series 1996,
5.625% Due 6/1/26. (Original issue discount bonds delivered on or about
August 20, 1996 at a price of 93.763% of principal amount.) 2006 at 102
750,000 City of Austin, Texas, Combined Utility Systems Revenue Refunding Bonds, AAA Aaa
Series 1996B, 5.625% Due 11/15/25. 2006 at 100
140,000 Wisconsin Center District, Senior Dedicated Tax Revenue Bonds, Series AAA Aaa
1996A, 0.00% Due 12/15/22. (Original issue discount bonds delivered on or
about February 1, 1996 at a price of 21.515% of principal amount.) No Optional
Call
750,000 Wisconsin Health and Educational Facilities Authority Revenue Bonds, Series AAA Aaa
1996 (Gundersen Clinic, Ltd. and Lutheran Hospital-La Crosse, Inc.), 5.625%
Due 12/1/25. (Original issue discount bonds delivered on or about October
1, 1996 at a price of 93.553% of principal amount.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 7,500,000 TOTAL 12 BONDS FROM 9 STATES.
</TABLE>
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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 11/26/96.
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 $.08. 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 $ 99.94 4.90 % 5.07% 5.13% 5.10% 5.17% 5.12% 5.19 %
500 / $50,000 99.78 4.75 5.08 5.14 5.11 5.18 5.13 5.20
1,000 / $100,000 99.52 4.50 5.09 5.16 5.13 5.20 5.15 5.22
2,500 / $250,000 99.26 4.25 5.11 5.18 5.14 5.22 5.16 5.24
5,000 / $500,000 98.49 3.50 5.15 5.23 5.18 5.27 5.20 5.29
10,000 / $1,000,000 97.98 3.00 5.17 5.27 5.21 5.31 5.23 5.33
25,000 / $2,500,000 97.48 2.50 5.20 5.31 5.23 5.35 5.25 5.36
50,000 / $5,000,000 96.98 2.00 5.23 5.34 5.26 5.38 5.28 5.40
</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
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.07 % 7.04% 7.35% 7.92% 8.39%
5.08 7.06 7.36 7.94 8.41
5.09 7.07 7.38 7.95 8.43
5.11 7.10 7.41 7.98 8.46
5.15 7.15 7.46 8.05 8.53
5.17 7.18 7.49 8.08 8.56
5.20 7.22 7.54 8.13 8.61
5.23 7.26 7.58 8.17 8.66
</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
01/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 1/15/97 $ .4787
Monthly plan 2/15/97 .4224 $ 5.0697
Quarterly plan 2/15/97 .4251
5/15/97 1.2753 5.1017
Semi-annual plan 5/15/97 1.7064
11/15/97 2.5596 5.1207
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.02 = 99.980
investment offering price # of units
(as of and accrued purchased
11/26/96) interest
99.980 X $5.0697 = $506.87
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN PENNSYLVANIA NUVEEN
INSURED UNIT TRUST 219 903
- --------------------------------------------------------------------------------
<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 27, 1996
ESTIMATED CURRENT RETURN:
4.97 - 5.17%
ESTIMATED LONG-TERM RETURN:
5.02 - 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 26.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.75 to $96.80 depending on the purchase amount
Cusip 6706H8 795 monthly payment plan
Numbers 6706H8 803 quarterly payment plan
6706H8 811 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 Pennsylvania
</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>
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<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2018-19 28.6%
2020-21 5.7%
2022-23 22.9%
2024-25 14.3%
2026+ 28.5%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 11/26/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.97%
Tax Equivalent Yield 8.02%
Treasury Bonds
Yield 6.42%
Tax Equivalent Yield 6.60%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.13%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 11/25/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 11/25/96. ASSUMES 38.0%
FEDERAL AND STATE INCOME TAX RATE AND A 2.8% 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 PENNSYLVANIA 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 Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, State 2005 at 100 AAA Aaa
System of Higher Education, Series M, 5.625% Due 6/15/19.
500,000 Allegheny County Hospital Development Authority (Pennsylvania), Health 2005 at 102 AAA Aaa
Center Revenue Bonds, Series of 1995 (University of Pittsburgh Medical
Center System), 5.375% Due 12/1/25.
500,000 Allegheny County Hospital Development Authority (Pennsylvania), Hospital 2006 at 102 AAA Aaa
Revenue Bonds, Series of 1996 (Children's Hospital of Pittsburgh), 5.30%
Due 7/1/26. (Original issue discount bonds will be delivered on or about
December 11, 1996 at a price of 94.311% of principal amount.)(When issued.)
500,000 Luzerne County Flood Protection Authority (Pennsylvania), Guaranteed Flood 2006 at 100 AAA Aaa
Protection Bonds, Series of 1996, 5.65% Due 7/15/26. (General Obligation
Bonds.)
500,000 City of Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, 2005 at 102 AAA Aaa
Series 1995, 5.60% Due 8/1/18.
500,000 Pittsburgh (Pennsylvania), Water and Sewer Authority, Water and Sewer 2005 at 100 AAA Aaa
System First Lien Revenue Bonds, Series A of 1995, 5.60% Due 9/1/22.
200,000 Municipal Authority of Westmoreland County (Westmoreland County, No Optional AAA Aaa
Pennsylvania), Municipal Service Revenue Bonds, Series C of 1993, 0.00% Due Call
8/15/20. (Original issue discount bonds delivered on or about November 9,
1993 at a price of 21.928% of principal amount.)(Escrow Secured.)
300,000 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.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM PENNSYLVANIA 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 11/26/96.
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 $.08. 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 $ 99.75 4.90 % 4.97% 5.02% 5.00% 5.05% 5.02% 5.07 %
500 / $50,000 99.59 4.75 4.98 5.03 5.01 5.06 5.03 5.08
1,000 / $100,000 99.33 4.50 4.99 5.05 5.02 5.08 5.04 5.10
2,500 / $250,000 99.07 4.25 5.00 5.07 5.03 5.10 5.05 5.12
5,000 / $500,000 98.30 3.50 5.04 5.13 5.07 5.15 5.09 5.17
10,000 / $1,000,000 97.79 3.00 5.07 5.16 5.10 5.19 5.12 5.21
25,000 / $2,500,000 97.29 2.50 5.09 5.20 5.13 5.23 5.15 5.25
50,000 / $5,000,000 96.80 2.00 5.12 5.23 5.15 5.26 5.17 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 30.0% 33.0% 38.0% 41.5%
<C> <S> <C> <C> <C> <C>
4.97 % 7.10% 7.42% 8.02% 8.50 %
4.98 7.11 7.43 8.03 8.51
4.99 7.13 7.45 8.05 8.53
5.00 7.14 7.46 8.06 8.55
5.04 7.20 7.52 8.13 8.62
5.07 7.24 7.57 8.18 8.67
5.09 7.27 7.60 8.21 8.70
5.12 7.31 7.64 8.26 8.75
</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
01/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 1/15/97 $ .4678
Monthly plan 2/15/97 .4128 $ 4.9549
Quarterly plan 2/15/97 .4155
5/15/97 1.2465 4.9869
Semi-annual plan 5/15/97 1.6680
11/15/97 2.5020 5.0059
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.83 = 100.170
investment offering price # of units
(as of and accrued purchased
11/26/96) interest
100.170 X $4.9549 = $496.33
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
