<PAGE>
NUVEEN NEW YORK NUVEEN
INSURED UNIT TRUST 262 909
- --------------------------------------------------------------------------------
<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: January 3, 1997
ESTIMATED CURRENT RETURN:
5.05 - 5.25%
ESTIMATED LONG-TERM RETURN:
5.10 - 5.37%
</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 25.4 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.35 to $96.41 depending on the purchase amount
Cusip 67102K 374 monthly payment plan
Numbers 67102K 382 quarterly payment plan
67102K 390 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 York
</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)
2018-20 28.6%
2021-23 34.2%
2024+ 37.2%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/02/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.05%
Tax Equivalent Yield 8.49%
Treasury Bonds
Yield 6.64%
Tax Equivalent Yield 7.15%
Corporate Bonds
Yield 7.47%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 01/02/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 12/31/96. ASSUMES 40.5%
FEDERAL AND STATE INCOME TAX RATE AND A 7.125% 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 YORK 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>
----------------------------------------------------------------------------------------------------------------
$ 300,000 Dormitory Authority of the State of New York, City University System, 2005 at 102 AAA Aaa
Consolidated Second General Resolution Revenue Bonds, Series 1995A, 5.375%
Due 7/1/25. (Original issue discount bonds delivered on or about November
30, 1995 at a price of 94.963% of principal amount.)
500,000 Dormitory Authority of the State of New York, Mental Health Services 2007 at 102 AAA Aaa
Facilities Improvement Revenue Bonds, Series 1996E, 5.25% Due 2/15/18.
(Original issue discount bonds will be delivered on or about January 7,
1997 at a price of 94.803% of principal amount.)(General Obligation Bonds.)
(When issued.)
500,000 Dormitory Authority of the State of New York, St. John's University, 2006 at 102 AAA Aaa
Insured Revenue Bonds, Series 1996, 5.70% Due 7/1/26.
500,000 New York State Energy Research and Development Authority, Gas Facilities 2006 at 102 AAA Aaa
Revenue Bonds, 1996 Series (The Brooklyn Union Gas Company Project), 5.50%
Due 1/1/21.
500,000 New York City (New York), Municipal Water Finance Authority, Water and 2006 at 101 AAA Aaa
Sewer System Revenue Bonds, Fiscal 1997 Series A, 5.625% Due 6/15/19.
500,000 The City of New York (New York), General Obligation Bonds, Fiscal 1997 2007 at 101 AAA Aaa
Series G, 6.00% Due 10/15/26. (When issued.)
500,000 The Trust for Cultural Resources of the City of New York (New York), 2007 at 102 AAA Aaa
Revenue Refunding Bonds, Series 1996A (The Museum Of Modern Art), 5.50% Due
1/1/21.
200,000 Municipal Assistance Corporation for the City of Troy (New York), General No Optional AAA Aaa
Resolution Bonds, Series 1996B, 0.00% Due 1/15/21. (Original issue discount Call
bonds delivered on or about November 26, 1996 at a price of 25.695% of
principal amount.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM NEW YORK.
</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 01/02/97.
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 $.06. 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 $ 99.35 4.90 % 5.05% 5.10% 5.08% 5.13% 5.10% 5.15 %
500 / $50,000 99.19 4.75 5.06 5.10 5.09 5.14 5.11 5.16
1,000 / $100,000 98.93 4.50 5.07 5.13 5.10 5.17 5.12 5.19
2,500 / $250,000 98.67 4.25 5.08 5.14 5.12 5.18 5.13 5.20
5,000 / $500,000 97.91 3.50 5.12 5.20 5.15 5.24 5.17 5.26
10,000 / $1,000,000 97.40 3.00 5.15 5.24 5.18 5.28 5.20 5.30
25,000 / $2,500,000 96.90 2.50 5.18 5.28 5.21 5.32 5.23 5.34
50,000 / $5,000,000 96.41 2.00 5.20 5.31 5.23 5.35 5.25 5.37
</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% 36.0% 40.5% 44.0%
<C> <S> <C> <C> <C> <C>
5.05 % 7.54% 7.89% 8.49% 9.02 %
5.06 7.55 7.91 8.50 9.04
5.07 7.57 7.92 8.52 9.05
5.08 7.58 7.94 8.54 9.07
5.12 7.64 8.00 8.61 9.14
5.15 7.69 8.05 8.66 9.20
5.18 7.73 8.09 8.71 9.25
5.20 7.76 8.13 8.74 9.29
</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
02/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/97 $ .3805
Monthly plan 3/15/97 .4179 $ 5.0150
Quarterly plan 5/15/97 1.2609
8/15/97 1.2609 5.0470
Semi-annual plan 5/15/97 1.2663
11/15/97 2.5326 5.0660
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.41 = 100.593
investment offering price # of units
(as of and accrued purchased
01/02/97) interest
100.593 X $5.0150 = $504.47
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN PENNSYLVANIA NUVEEN
INSURED UNIT TRUST 220 909
- --------------------------------------------------------------------------------
<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: January 3, 1997
ESTIMATED CURRENT RETURN:
5.08 - 5.29%
ESTIMATED LONG-TERM RETURN:
5.13 - 5.39%
</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 $99.47 to $96.53 depending on the purchase amount
Cusip 6706H8 829 monthly payment plan
Numbers 6706H8 837 quarterly payment plan
6706H8 845 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>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2018-19 14.3%
2020-21 5.0%
2022-23 9.3%
2024-25 28.5%
2026+ 42.9%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/02/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.08%
Tax Equivalent Yield 8.19%
Treasury Bonds
Yield 6.64%
Tax Equivalent Yield 6.83%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.47%
</TABLE>
*COMPARES TRUST AS OF 01/02/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 12/31/96. 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 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 Lehigh County Industrial Development Authority, Pollution Control Revenue 2005 at 102 AAA Aaa
Refunding Bonds, 1995 Series A (Pennsylvania Power & Light Company
Project), 6.15% Due 8/1/29.
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 Northeastern Pennsylvania Hospital and Education Authority, Health Care 2007 at 102 AAA Aaa
Revenue Bonds, 1996 Series A (Wyoming Valley Health Care Issue), 5.25% Due
1/1/26. (Original issue discount bonds delivered on or about December 19,
1996 at a price of 93.647% of principal amount.)
500,000 City of Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, 2005 at 102 AAA Aaa
Series 1995, 5.60% Due 8/1/18.
325,000 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.
175,000 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.)
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 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 01/02/97.
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 $ 99.47 4.90 % 5.08% 5.13% 5.11% 5.16% 5.13% 5.18 %
500 / $50,000 99.32 4.75 5.09 5.14 5.12 5.17 5.14 5.19
1,000 / $100,000 99.06 4.50 5.10 5.16 5.13 5.19 5.15 5.21
2,500 / $250,000 98.80 4.25 5.11 5.17 5.14 5.20 5.16 5.22
5,000 / $500,000 98.03 3.50 5.15 5.23 5.19 5.26 5.20 5.28
10,000 / $1,000,000 97.53 3.00 5.18 5.27 5.21 5.30 5.23 5.32
25,000 / $2,500,000 97.03 2.50 5.21 5.30 5.24 5.33 5.26 5.35
50,000 / $5,000,000 96.53 2.00 5.23 5.34 5.27 5.37 5.29 5.39
</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>
5.08 % 7.26% 7.58% 8.19% 8.68 %
5.09 7.27 7.60 8.21 8.70
5.10 7.29 7.61 8.23 8.72
5.11 7.30 7.63 8.24 8.74
5.15 7.36 7.69 8.31 8.80
5.18 7.40 7.73 8.35 8.85
5.21 7.44 7.78 8.40 8.91
5.23 7.47 7.81 8.44 8.94
</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
02/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/97 $ .3928
Monthly plan 3/15/97 .4209 $ 5.0512
Quarterly plan 5/15/97 1.2708
8/15/97 1.2708 5.0832
Semi-annual plan 5/15/97 1.2753
11/15/97 2.5506 5.1022
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.54 = 100.462
investment offering price # of units
(as of and accrued purchased
01/02/97) interest
100.462 X $5.0512 = $507.45
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
