<PAGE>
NUVEEN CALIFORNIA NUVEEN
INSURED UNIT TRUST 281 918
- --------------------------------------------------------------------------------
<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: February 12, 1997
ESTIMATED CURRENT RETURN:
5.03 - 5.24%
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 $4,000,000 in 40,000 units
Average Life 25.9 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.68 to $97.70 depending on the purchase amount
Cusip 67065A 348 monthly payment plan
Numbers 67065A 355 quarterly payment plan
67065A 363 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 24.4%
2019-21 5.6%
2022-24 30.0%
2025+ 40.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 02/11/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.03%
Tax Equivalent Yield 8.67%
Treasury Bonds
Yield 6.70%
Tax Equivalent Yield 7.39%
Corporate Bonds
Yield 7.48%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 02/11/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 02/10/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 State of California, Various Purpose General Obligation Bonds, 5.375% Due 2006 at 101 AAA Aaa
6/1/26. (Original issue discount bonds delivered on or about November 7,
1996 at a price of 94.694% of principal amount.)
600,000 California Statewide Communities Development Authority, Certificates of 2005 at 102 AAA Aaa
Participation (Sutter Health Obligated Group), 5.50% Due 8/15/22. (Original
issue discount bonds delivered on or about July 18, 1995 at a price of
92.464% of principal amount.)
500,000 California Educational Facilities Authority, Revenue Bonds (Occidental 2007 at 102 AAA Aaa
College), Series 1997, 5.70% Due 10/1/27.
275,000 Los Angeles County Metropolitan Transportation Authority (California), 2006 at 101 AAA Aaa
Sales Tax Revenue Refunding Bonds, Proposition A-2nd Tier, Series 1996,
5.75% Due 7/1/18.
600,000 City of Rancho Mirage (California), Joint Powers Financing Authority, 2007 at 102 AAA Aaa
Certificates of Participation, Eisenhower Medical Center, Series 1997A,
5.375% Due 7/1/22. (Original issue discount bonds will be delivered on or
about February 19, 1997 at a price of 94.383% of principal amount.)(When
issued.)
225,000 Sacramento Area Flood Control Agency (California), North Area Local 2005 at 102 AAA Aaa
Project, Capital Assessment District No. 2 Bonds, Series 1995, 5.375% Due
10/1/20.
600,000 County of Stanislaus (California), Refunding Certificates of Participation 2006 at 102 AAA Aaa
(Capital Improvement Program), Series A of 1996, 5.25% Due 5/1/18.
100,000 Sulphur Springs Union School District (County of Los Angeles, California), No Optional AAA Aaa
General Obligation Bonds, Election 1991, Series A, 0.00% Due 9/1/16. Call
(Original issue discount bonds delivered on or about September 18, 1991 at
a price of 17.963% of principal amount.)
600,000 Thousand Oaks Redevelopment Agency (Ventura County, California), Thousand 2005 at 102 AAA Aaa
Oaks Boulevard Redevelopment Project, 1995 Tax Allocation Refunding Bonds,
5.375% Due 12/1/25. (Original issue discount bonds delivered on or about
November 21, 1995 at a price of 94.257% of principal amount.)
----------------------------------------------------------------------------------------------------------------
$ 4,000,000 TOTAL 9 BONDS FROM CALIFORNIA.
</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 02/11/97.
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 $.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 $ 100.68 4.90 % 5.03% 5.09% 5.07% 5.13% 5.08% 5.15 %
500 / $50,000 100.53 4.75 5.04 5.10 5.07 5.14 5.09 5.16
1,000 / $100,000 100.26 4.50 5.05 5.12 5.09 5.16 5.11 5.18
2,500 / $250,000 100.00 4.25 5.07 5.13 5.10 5.17 5.12 5.19
5,000 / $500,000 99.22 3.50 5.11 5.19 5.14 5.23 5.16 5.25
10,000 / $1,000,000 98.71 3.00 5.13 5.23 5.17 5.27 5.19 5.29
25,000 / $2,500,000 98.21 2.50 5.16 5.27 5.19 5.31 5.21 5.33
50,000 / $5,000,000 97.70 2.00 5.19 5.30 5.22 5.34 5.24 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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
5.03 % 7.68% 8.05% 8.67% 9.15 %
5.04 7.69 8.06 8.69 9.16
5.05 7.71 8.08 8.71 9.18
5.07 7.74 8.11 8.74 9.22
5.11 7.80 8.18 8.81 9.29
5.13 7.83 8.21 8.84 9.33
5.16 7.88 8.26 8.90 9.38
5.19 7.92 8.30 8.95 9.44
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .2673
Monthly plan 4/15/97 .4221 $ 5.0675
Quarterly plan 5/15/97 .8496
8/15/97 1.2744 5.0995
Semi-annual plan 5/15/97 .8526
11/15/97 2.5578 5.1185
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.76 = 99.245
investment offering price # of units
(as of and accrued purchased
02/11/97) interest
99.245 X $5.0675 = $502.92
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN FLORIDA NUVEEN
INSURED UNIT TRUST 240 918
- --------------------------------------------------------------------------------
<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: February 12, 1997
ESTIMATED CURRENT RETURN:
5.00 - 5.21%
ESTIMATED LONG-TERM RETURN:
5.07 - 5.33%
</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 income tax. Capital
gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 27.6 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.54 to $96.59 depending on the purchase amount
Cusip 6706H6 229 monthly payment plan
Numbers 6706H6 237 quarterly payment plan
6706H6 245 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 Florida
</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)
2020-21 17.7%
2022-23 18.0%
2024-25 28.6%
2026+ 35.7%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 02/11/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.00%
Tax Equivalent Yield 7.81%
Treasury Bonds
Yield 6.70%
Tax Equivalent Yield
Corporate Bonds
Yield 7.48%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 02/11/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 02/10/97. ASSUMES 36.0%
FEDERAL 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 FLORIDA 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 State of Florida, Full Faith and Credit, State Board of Education, Public 2005 at 101 AAA Aaa
Education Capital Outlay Refunding Bonds, 1995 Series E, 4.75% Due 6/1/22.
(Original issue discount bonds delivered on or about February 8, 1996 at a
price of 91.969% of principal amount.)(General Obligation Bonds.)
500,000 State of Florida, Full Faith and Credit Department of Transportation, 2006 at 101 AAA Aaa
Right-of-Way Acquisition and Bridge Construction Bonds, Series 1996, 5.50%
Due 7/1/21. (General Obligation Bonds.)
120,000 State of Florida, Department of Transportation, Turnpike Revenue Bonds, 2005 at 101 AAA Aaa
Series 1995A, 5.50% Due 7/1/21.
500,000 City of Atlantic Beach, Florida, Utilities System Revenue Bonds, Series 2006 at 102 AAA Aaa
1996, 5.50% Due 10/1/25.
250,000 City of Callaway/Bay County, Florida, Wastewater System Revenue Bonds, 2006 at 102 AAA Aaa
Series 1996B, 5.50% Due 9/1/26.
500,000 Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1995, 2005 at 102 AAA Aaa
5.50% Due 10/1/25. (Original issue discount bonds delivered on or about
October 19, 1995 at a price of 94.942% of principal amount.)
500,000 City of Sunrise, Florida, Utility System Revenue Bonds, Series 1996A, 5.75% 2006 at 101 AAA Aaa
Due 10/1/26.
130,000 City of Tampa, Florida, Utilities Tax Improvement Bonds, Series 1996, 0.00% No Optional AAA Aaa
Due 4/1/22. (Original issue discount bonds delivered on or about July 2, Call
1996 at a price of 20.657% of principal amount.)
500,000 Volusia County Educational Facilities Authority (Florida), Educational 2006 at 102 AAA Aaa
Facilities Revenue Bonds (Stetson University, Inc. Project), Series 1996A,
5.50% Due 6/1/26.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 9 BONDS FROM FLORIDA.
</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 02/11/97.
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 $.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 $ 99.54 4.90 % 5.00% 5.07% 5.04% 5.10% 5.05% 5.12 %
500 / $50,000 99.38 4.75 5.01 5.08 5.04 5.11 5.06 5.13
1,000 / $100,000 99.12 4.50 5.02 5.10 5.06 5.13 5.08 5.15
2,500 / $250,000 98.86 4.25 5.04 5.11 5.07 5.14 5.09 5.16
5,000 / $500,000 98.09 3.50 5.08 5.17 5.11 5.20 5.13 5.22
10,000 / $1,000,000 97.59 3.00 5.10 5.21 5.14 5.24 5.16 5.26
25,000 / $2,500,000 97.09 2.50 5.13 5.24 5.16 5.27 5.18 5.29
50,000 / $5,000,000 96.59 2.00 5.16 5.28 5.19 5.31 5.21 5.33
</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 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.00 % 6.94% 7.25% 7.81% 8.28 %
5.01 6.96 7.26 7.83 8.29
5.02 6.97 7.28 7.84 8.31
5.04 7.00 7.30 7.88 8.34
5.08 7.06 7.36 7.94 8.41
5.10 7.08 7.39 7.97 8.44
5.13 7.13 7.43 8.02 8.49
5.16 7.17 7.48 8.06 8.54
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .2627
Monthly plan 4/15/97 .4149 $ 4.9803
Quarterly plan 5/15/97 .8352
8/15/97 1.2528 5.0123
Semi-annual plan 5/15/97 .8382
11/15/97 2.5146 5.0313
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.62 = 100.381
investment offering price # of units
(as of and accrued purchased
02/11/97) interest
100.381 X $4.9803 = $499.93
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW JERSEY NUVEEN
INSURED UNIT TRUST 216 918
- --------------------------------------------------------------------------------
<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: February 12, 1997
ESTIMATED CURRENT RETURN:
4.96 - 5.16%
ESTIMATED LONG-TERM RETURN:
4.97 - 5.23%
</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 $101.79 to $98.78 depending on the purchase amount
Cusip 6706LA 738 monthly payment plan
Numbers 6706LA 746 quarterly payment plan
6706LA 753 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)
2014-16 3.7%
2017-19 14.3%
2020-22 10.6%
2023-25 42.8%
2026+ 28.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 02/11/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.96%
Tax Equivalent Yield 8.27%
Treasury Bonds
Yield 6.70%
Tax Equivalent Yield 7.16%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.48%
</TABLE>
*COMPARES TRUST AS OF 02/11/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 02/10/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 370,000 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 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, Trenton State 2006 at 101 AAA Aaa
College Issue, Series 1996 A, 5.125% Due 7/1/24.
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.)
130,000 New Jersey Transportation Trust Fund Authority, Transportation System 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.00% Due 6/15/15. (Original issue discount bonds
delivered on or about August 3, 1995 at a price of 90.629% 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 Gloucester County Utilities Authority, New Jersey, Sewer Revenue Refunding 2006 at 101 AAA Aaa
Bonds, 1996 Series, 5.45% Due 1/1/24. (General Obligation Bonds.)
500,000 The Board of Education of the Borough of Highland Park, in the County of 2007 at 101 AAA Aaa
Middlesex, New Jersey, School Refunding Bonds (New Jersey School Bond
Reserve Act, P.L. 1980 c.72), 5.625% Due 2/15/17. (General Obligation
Bonds.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM NEW JERSEY.
</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 02/11/97.
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 $.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 $ 101.79 4.90 % 4.96% 4.97% 4.99% 5.00% 5.01% 5.02 %
500 / $50,000 101.63 4.75 4.97 4.98 5.00 5.01 5.02 5.03
1,000 / $100,000 101.36 4.50 4.98 5.00 5.01 5.03 5.03 5.05
2,500 / $250,000 101.10 4.25 4.99 5.02 5.03 5.05 5.04 5.07
5,000 / $500,000 100.31 3.50 5.03 5.08 5.07 5.11 5.08 5.12
10,000 / $1,000,000 99.79 3.00 5.06 5.11 5.09 5.14 5.11 5.16
25,000 / $2,500,000 99.28 2.50 5.09 5.15 5.12 5.18 5.14 5.20
50,000 / $5,000,000 98.78 2.00 5.11 5.18 5.14 5.21 5.16 5.23
</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% 35.5% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
4.96 % 7.29% 7.69% 8.27% 8.78 %
4.97 7.31 7.71 8.28 8.80
4.98 7.32 7.72 8.30 8.81
4.99 7.34 7.74 8.32 8.83
5.03 7.40 7.80 8.38 8.90
5.06 7.44 7.84 8.43 8.96
5.09 7.49 7.89 8.48 9.01
5.11 7.51 7.92 8.52 9.04
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .2663
Monthly plan 4/15/97 .4206 $ 5.0488
Quarterly plan 5/15/97 .8466
8/15/97 1.2699 5.0808
Semi-annual plan 5/15/97 .8496
11/15/97 2.5488 5.0998
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.87 = 98.164
investment offering price # of units
(as of and accrued purchased
02/11/97) interest
98.164 X $5.0488 = $495.61
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
