<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 303 910
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.07 - 5.27% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.10 - 5.37% - Dependable Income
DATE OF DEPOSIT: January 8, 1997 - 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.
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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 24.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.38 to $98.38 depending on the purchase amount
Cusip 6710A2 797 monthly payment plan
Numbers 6710A2 805 quarterly payment plan
6710A2 813 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 43%
AA 57
---------
100%
Registration Registered in North Carolina
</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)
2015-17 28.6%
2018-20 14.3%
2021-23 28.5%
2024-26 14.3%
2027+ 14.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/07/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 8.59%
Treasury Bonds
Yield 6.77%
Tax Equivalent Yield 7.34%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.58%
</TABLE>
*COMPARES TRUST AS OF 01/07/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 01/06/97. ASSUMES 41.0%
FEDERAL AND STATE INCOME TAX RATE AND A 7.75% 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.
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 NORTH CAROLINA 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 North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, AAA Aaa
Refunding Series 1996 A, 5.625% Due 1/1/24. (MBIA Insured.) 2007 at 102
500,000 North Carolina Municipal Power Agency Number 1, Catawba Electric Revenue AAA Aaa
Bonds, Series 1995A, 5.375% Due 1/1/20. (AMBAC Insured.) 2006 at 102
500,000 Board of Governors of The University of North Carolina, University of North AA Aa
Carolina Hospitals at Chapel Hill, Revenue Bonds, Series 1996, 5.00% Due
2/15/29. (Original issue discount bonds delivered on or about March 20,
1996 at a price of 91.16% of principal amount.) 2006 at 101
500,000 City of Charlotte, North Carolina, Water and Sewer System Revenue Bonds, AA Aa
Series 1996, 5.25% Due 12/1/21. 2006 at 102
500,000 City of Lincolnton, North Carolina, Combined Enterprise System Revenue -- Aaa
Bonds, Series 1996, 5.375% Due 5/1/21. (MBIA Insured.) 2006 at 102
500,000 County of Pitt, North Carolina, Pitt County Memorial Hospital Revenue AA- Aa
Bonds, Series 1995, 5.50% Due 12/1/15. 2005 at 102
500,000 The City of Winston-Salem, North Carolina, Certificates of Participation, AA Aa
Series 1996A, 5.50% Due 6/1/16. 2006 at 102
-----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM NORTH CAROLINA.
</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 01/07/97.
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 $ 101.38 4.90 % 5.07% 5.10% 5.10% 5.13% 5.12% 5.15 %
500 / $50,000 101.22 4.75 5.08 5.10 5.11 5.13 5.13 5.15
1,000 / $100,000 100.95 4.50 5.09 5.13 5.12 5.16 5.14 5.18
2,500 / $250,000 100.69 4.25 5.10 5.14 5.13 5.17 5.15 5.19
5,000 / $500,000 99.91 3.50 5.14 5.20 5.17 5.23 5.19 5.25
10,000 / $1,000,000 99.39 3.00 5.17 5.24 5.20 5.27 5.22 5.29
25,000 / $2,500,000 98.88 2.50 5.20 5.28 5.23 5.31 5.25 5.33
50,000 / $5,000,000 98.38 2.00 5.22 5.32 5.26 5.35 5.27 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% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
5.07 % 7.57% 7.98% 8.59% 9.14 %
5.08 7.58 8.00 8.61 9.15
5.09 7.60 8.02 8.63 9.17
5.10 7.61 8.03 8.64 9.19
5.14 7.67 8.09 8.71 9.26
5.17 7.72 8.14 8.76 9.32
5.20 7.76 8.19 8.81 9.37
5.22 7.79 8.22 8.85 9.41
</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 $ .3282
Monthly plan 3/15/97 .4281 $ 5.1379
Quarterly plan 5/15/97 1.2924
8/15/97 1.2924 5.1699
Semi-annual plan 5/15/97 1.2969
11/15/97 2.5938 5.1889
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.45 = 98.570
investment offering price # of units
(as of and accrued purchased
01/07/97) interest
98.570 X $5.1379 = $506.44
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN MASSACHUSETTS NUVEEN
INSURED UNIT TRUST 143 910
- --------------------------------------------------------------------------------
<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 8, 1997
ESTIMATED CURRENT RETURN:
5.06 - 5.26%
ESTIMATED LONG-TERM RETURN:
5.09 - 5.36%
</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 $100.47 to $97.50 depending on the purchase amount
Cusip 67065D 102 monthly payment plan
Numbers 67065D 110 quarterly payment plan
67065D 128 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 Massachusetts
</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)
2017-19 42.8%
2020-22 14.3%
2023-25 14.3%
2026+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/07/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.06%
Tax Equivalent Yield 8.96%
Treasury Bonds
Yield 6.77%
Tax Equivalent Yield 7.69%
Corporate Bonds
Yield 7.58%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 01/07/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 01/06/97. ASSUMES 43.5%
FEDERAL AND STATE INCOME TAX RATE AND A 12.0% 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 MASSACHUSETTS 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 Massachusetts Bay Transportation Authority, General Transportation System 2006 at 101 AAA Aaa
Bonds, 1996 Series B, 5.25% Due 3/1/26. (Original issue discount bonds
delivered on or about October 28, 1996 at a price of 92.944% of principal
amount.)(General Obligation Bonds.)
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2005 at 101 AAA Aaa
Mary Hitchcock Memorial Hospital Obligated Group (Cooley Dickinson Hospital
Issue), Series B, 5.50% Due 11/15/18.
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2006 at 101 AAA Aaa
Williams College Issue, Series F, 5.50% Due 7/1/26. (Original issue
discount bonds delivered on or about June 20, 1996 at a price of 92.945% of
principal amount.)
500,000 Massachusetts Industrial Finance Agency, Revenue Bonds (Assumption College 2006 at 102 AAA Aaa
Issue, Series 1996), 5.875% Due 7/1/18.
500,000 Massachusetts Municipal Wholesale Electric Company, A Public Corporation of 2004 at 102 AAA Aaa
The Commonwealth of Massachusetts, Power Supply System Revenue Bonds, 1994
Series A, 5.00% Due 7/1/17.
500,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1995 Series 2005 at 102 AAA Aaa
B, 4.75% Due 12/1/21. (Original issue discount bonds delivered on or about
January 4, 1996 at a price of 92.294% 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 MASSACHUSETTS 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 01/07/97.
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 $ 100.47 4.90 % 5.06% 5.09% 5.09% 5.12% 5.11% 5.14 %
500 / $50,000 100.31 4.75 5.07 5.10 5.10 5.13 5.12 5.15
1,000 / $100,000 100.05 4.50 5.08 5.12 5.11 5.15 5.13 5.17
2,500 / $250,000 99.79 4.25 5.09 5.14 5.12 5.17 5.14 5.19
5,000 / $500,000 99.02 3.50 5.13 5.20 5.16 5.23 5.18 5.25
10,000 / $1,000,000 98.51 3.00 5.16 5.24 5.19 5.27 5.21 5.29
25,000 / $2,500,000 98.00 2.50 5.18 5.27 5.22 5.30 5.24 5.33
50,000 / $5,000,000 97.50 2.00 5.21 5.31 5.24 5.34 5.26 5.36
</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 36.5% 39.5% 43.5% 47.0%
<C> <S> <C> <C> <C> <C>
5.06 % 7.97% 8.36% 8.96% 9.55 %
5.07 7.98 8.38 8.97 9.57
5.08 8.00 8.40 8.99 9.58
5.09 8.02 8.41 9.01 9.60
5.13 8.08 8.48 9.08 9.68
5.16 8.13 8.53 9.13 9.74
5.18 8.16 8.56 9.17 9.77
5.21 8.20 8.61 9.22 9.83
</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
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 $ .3245
Monthly plan 3/15/97 .4233 $ 5.0809
Quarterly plan 5/15/97 1.2780
8/15/97 1.2780 5.1129
Semi-annual plan 5/15/97 1.2825
11/15/97 2.5650 5.1319
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.54 = 99.462
investment offering price # of units
(as of and accrued purchased
01/07/97) interest
99.462 X $5.0809 = $505.36
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
