<PAGE>
NUVEEN GEORGIA NUVEEN
INSURED UNIT TRUST 55 920
- --------------------------------------------------------------------------------
<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 20, 1997
ESTIMATED CURRENT RETURN:
4.88 - 5.08%
ESTIMATED LONG-TERM RETURN:
4.95 - 5.22%
</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 27.4 years
Call Protection Earliest ordinary optional call is 2006
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.61 to $97.63 depending on the purchase amount
Cusip 67102H 165 monthly payment plan
Numbers 67102H 173 quarterly payment plan
67102H 181 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 Georgia
</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)
2011-14 2.9%
2015-18 14.3%
2019-22 14.3%
2023-26 42.8%
2027+ 25.7%
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 02/19/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.88%
Tax Equivalent Yield 8.13%
Treasury Bonds
Yield 6.54%
Tax Equivalent Yield 6.96%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.32%
</TABLE>
*COMPARES TRUST AS OF 02/19/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 02/18/97. ASSUMES 40.0%
FEDERAL AND STATE INCOME TAX RATE AND A 6% 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 GEORGIA 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 City of Atlanta and Fulton County (Georgia), Recreation Authority, Revenue 2007 at 102 AAA Aaa
Bonds (Downtown Arena Public Improvements Project), Series 1996A, 5.375%
Due 12/1/26.
500,000 Metropolitan Atlanta Rapid Transit Authority (Georgia), Sales Tax Revenue 2006 at 102 AAA Aaa
Bonds, Second Indenture Series, Refunding Series 1996A, 5.50% Due 7/1/18.
500,000 The Hospital Authority of Clarke County, Georgia, Hospital Revenue AAA Aaa
Certificates (Athens Regional Medical Center Project), Series 1996,
100M-0.00% Due 1/1/12, (Original issue discount bonds delivered on or about No Optional
December 18, 1996 at a price of 43.268% of principal amount.) Call
400M-5.00% Due 1/1/27. (Original issue discount bonds delivered on or about 2007 at 100
December 18, 1996 at a price of 90.504% of principal amount.)(General
Obligation Bonds.)
500,000 Development Authority of the City of Dalton (Georgia), Revenue Certificates 2007 at 102 AAA Aaa
(Hamilton Health Care System), Series 1996, 5.25% Due 8/15/26. (Original
issue discount bonds delivered on or about December 18, 1996 at a price of
94.956% of principal amount.)
500,000 Hospital Authority of Liberty County (Georgia), Revenue Anticipation 2007 at 102 AAA Aaa
Certificates, Series 1996, 5.25% Due 8/1/21. (General Obligation Bonds.)
500,000 Richmond County (Georgia), Water And Sewerage Revenue Refunding And 2006 at 102 AAA Aaa
Improvement Bonds, Series 1996A, 5.25% Due 10/1/28.
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 GEORGIA AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 02/19/97.
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 $ 100.61 4.90 % 4.88% 4.95% 4.91% 4.99% 4.93% 5.01 %
500 / $50,000 100.45 4.75 4.89 4.96 4.92 5.00 4.94 5.02
1,000 / $100,000 100.19 4.50 4.90 4.98 4.93 5.02 4.95 5.04
2,500 / $250,000 99.93 4.25 4.91 4.99 4.94 5.03 4.96 5.05
5,000 / $500,000 99.15 3.50 4.95 5.05 4.98 5.09 5.00 5.11
10,000 / $1,000,000 98.64 3.00 4.98 5.09 5.01 5.13 5.03 5.15
25,000 / $2,500,000 98.13 2.50 5.00 5.12 5.03 5.16 5.05 5.18
50,000 / $5,000,000 97.63 2.00 5.03 5.16 5.06 5.20 5.08 5.22
</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 32.5% 35.0% 40.0% 43.0%
<C> <S> <C> <C> <C> <C>
4.88 % 7.23% 7.51% 8.13% 8.56 %
4.89 7.24 7.52 8.15 8.58
4.90 7.26 7.54 8.17 8.60
4.91 7.27 7.55 8.18 8.61
4.95 7.33 7.62 8.25 8.68
4.98 7.38 7.66 8.30 8.74
5.00 7.41 7.69 8.33 8.77
5.03 7.45 7.74 8.38 8.82
</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
04/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 4/15/97 $ .5588
Monthly plan 5/15/97 .4089 $ 4.9082
Quarterly plan 5/15/97 .4116
8/15/97 1.2348 4.9402
Semi-annual plan 5/15/97 .4131
11/15/97 2.4786 4.9592
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.68 = 99.324
investment offering price # of units
(as of and accrued purchased
02/19/97) interest
99.324 X $4.9082 = $487.50
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW YORK NUVEEN
INSURED UNIT TRUST 264 920
- --------------------------------------------------------------------------------
<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 20, 1997
ESTIMATED CURRENT RETURN:
5.01 - 5.21%
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 25.6 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.99 to $98.97 depending on the purchase amount
Cusip 67102K 432 monthly payment plan
Numbers 67102K 440 quarterly payment plan
67102K 457 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)
2014-17 20.3%
2018-21 15.0%
2022-25 42.8%
2026+ 21.9%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 02/19/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.01%
Tax Equivalent Yield 8.42%
Treasury Bonds
Yield 6.54%
Tax Equivalent Yield 7.02%
Corporate Bonds
Yield 7.32%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 02/19/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 02/18/97. ASSUMES 40.5%
FEDERAL AND STATE INCOME TAX RATE AND A 6.85% 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Dormitory Authority of the State of New York, City University System 2006 at 102 AAA Aaa
Consolidated Third General Resolution Revenue Bonds, 1996 Series 1, 5.50%
Due 7/1/24.
500,000 Dormitory Authority of the State of New York, State University Educational 2005 at 102 AAA Aaa
Facilities Revenue Bonds, Series 1995A, 6.00% Due 5/15/25.
525,000 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 State Thruway Authority, Highway and Bridge Trust Fund Bonds, 2005 at 102 AAA Aaa
Series 1995A, 5.50% Due 4/1/15.
500,000 The City of New York (New York), General Obligation Bonds, Fiscal 1997 2007 at 101 AAA Aaa
Series H, 6.125% Due 8/1/25.
525,000 New York City (New York), Educational Construction Fund, Junior 2006 at 102 AAA Aaa
Subordinated Revenue Bonds, Series 1996, 5.50% Due 4/1/26.
240,000 New York City (New York), Municipal Water Finance Authority, Water and 2006 at 101 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.)
210,000 Triborough Bridge and Tunnel Authority (New York), General Purpose Revenue No Optional AAA Aaa
Bonds, Series 1993B, 0.00% Due 1/1/15. (Original issue discount bonds Call
delivered on or about November 9, 1993 at a price of 31.751% 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 02/19/97.
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 $ 101.99 4.90 % 5.01% 5.02% 5.04% 5.06% 5.06% 5.08 %
500 / $50,000 101.83 4.75 5.01 5.03 5.05 5.07 5.06 5.09
1,000 / $100,000 101.56 4.50 5.03 5.05 5.06 5.09 5.08 5.11
2,500 / $250,000 101.30 4.25 5.04 5.06 5.07 5.10 5.09 5.12
5,000 / $500,000 100.51 3.50 5.08 5.12 5.11 5.16 5.13 5.18
10,000 / $1,000,000 99.99 3.00 5.11 5.16 5.14 5.20 5.16 5.22
25,000 / $2,500,000 99.48 2.50 5.13 5.20 5.16 5.24 5.18 5.26
50,000 / $5,000,000 98.97 2.00 5.16 5.23 5.19 5.27 5.21 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 33.0% 35.5% 40.5% 43.5%
<C> <S> <C> <C> <C> <C>
5.01 % 7.48% 7.77% 8.42% 8.87 %
5.01 7.48 7.77 8.42 8.87
5.03 7.51 7.80 8.45 8.90
5.04 7.52 7.81 8.47 8.92
5.08 7.58 7.88 8.54 8.99
5.11 7.63 7.92 8.59 9.04
5.13 7.66 7.95 8.62 9.08
5.16 7.70 8.00 8.67 9.13
</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
04/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 4/15/97 $ .5813
Monthly plan 5/15/97 .4254 $ 5.1059
Quarterly plan 5/15/97 .4281
8/15/97 1.2843 5.1379
Semi-annual plan 5/15/97 .4296
11/15/97 2.5776 5.1569
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.06 = 97.981
investment offering price # of units
(as of and accrued purchased
02/19/97) interest
97.981 X $5.1059 = $500.28
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
