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NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 334 905
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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: December 10, 1996
ESTIMATED CURRENT RETURN:
5.07 - 5.28%
ESTIMATED LONG-TERM RETURN:
5.16 - 5.44%
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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
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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 26.3 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.71 to $96.76 depending on the purchase amount
Cusip 6710A5 436 monthly payment plan
Numbers 6710A5 469 quarterly payment plan
6710A5 493 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
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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 $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
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PORTFOLIO INCOME DIVERSIFICATION
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Colorado 10.8 % Illinois 14.5 % Indiana 10.9 %
Louisiana 10.6 New York 10.9 Rhode Island 10.6
South Carolina 10.9 Texas 10.4 Washington 10.4
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MATURITY DATES (Description of Chart)
2017-19 16.0%
2020-22 34.0%
2023-25 20.0%
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2026+ 30.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 12/09/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 7.92%
Treasury Bonds
Yield 6.51%
Tax Equivalent Yield 6.85%
Corporate Bonds
Yield 7.33%
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*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 12/06/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 12/06/96. ASSUMES 36.0%
FEDERAL AND 5.0% STATE INCOME TAX RATES. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
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BONDS THIS NATIONAL INSURED UNIT TRUST CONTAINS
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RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
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$ 50,000 Encinitas Union School District (San Diego County, California), General AAA Aaa
Obligation Bonds, Election of 1996, Series 1996, 0.00% Due 8/1/20.
(Original issue discount bonds delivered on or about August 22, 1996 at a
price of 25.145% of principal amount.) No Optional
Call
750,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
450,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Bonds, Series 1992A, 0.00% Due 6/15/17. (Original issue
discount bonds delivered on or about January 5, 1993 at a price of 19.735%
of principal amount.) No Optional
Call
1,000,000 The Board of Trustees of Northern Illinois University, Northern Illinois AAA Aaa
University, Auxiliary Facilities System Revenue Bonds, Series 1996, 5.75%
Due 4/1/22. 2007 at 100
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
750,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fiscal 1996 Series B, 5.75% Due 6/15/26.
(Original issue discount bonds delivered on or about May 16, 1996 at a
price of 93.892% of principal amount.) 2006 at 101
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 South Carolina Public Service Authority, Revenue Bonds, 1996 Refunding AAA Aaa
Series A, 5.75% Due 1/1/22. (Original issue discount bonds delivered on or
about April 4, 1996 at a price of 93.751% of principal amount.) 2006 at 102
750,000 North Central Texas Health Facilities Development Corporation, Hospital AAA Aaa
Revenue Bonds (Presbyterian Healthcare System Project), Series 1996B, 5.50%
Due 6/1/21. 2006 at 102
750,000 Washington Public Power Supply System, Nuclear Project No. 1 Refunding AAA Aaa
Revenue Bonds, Series 1996C, 5.50% Due 7/1/17. 2006 at 102
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$ 7,500,000 TOTAL 11 BONDS FROM 10 STATES.
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HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
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The estimated current return is the net income the sales charge, and returns are as of 12/09/96.
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 $.04. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
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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 $ 99.71 4.90 % 5.07% 5.16% 5.10% 5.20% 5.12% 5.22 %
500 / $50,000 99.55 4.75 5.08 5.17 5.11 5.21 5.13 5.23
1,000 / $100,000 99.29 4.50 5.09 5.19 5.12 5.23 5.14 5.25
2,500 / $250,000 99.03 4.25 5.11 5.21 5.14 5.25 5.16 5.27
5,000 / $500,000 98.26 3.50 5.15 5.27 5.18 5.31 5.20 5.33
10,000 / $1,000,000 97.75 3.00 5.17 5.30 5.21 5.34 5.23 5.36
25,000 / $2,500,000 97.25 2.50 5.20 5.34 5.23 5.38 5.25 5.40
50,000 / $5,000,000 96.76 2.00 5.23 5.38 5.26 5.42 5.28 5.44
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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.
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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
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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.
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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 $ .2948
Monthly plan 2/15/97 .4212 $ 5.0565
Quarterly plan 2/15/97 .4239
5/15/97 1.2717 5.0885
Semi-annual plan 5/15/97 1.7016
11/15/97 2.5524 5.1075
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.75 = 100.250
investment offering price # of units
(as of and accrued purchased
12/09/96) interest
100.250 X $5.0565 = $506.91
# of units annual income annual income
purchased per unit
(monthly plan)
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