<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 343 935
- --------------------------------------------------------------------------------
<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. - Dependable Income
and/or AAA by Standard & Poor's, the highest - Diversified Portfolios
rating given by each agency. - Top-Rated Municipal Bonds
ESTIMATED CURRENT RETURN: DATE OF DEPOSIT: April 24, 1997
5.34 - 5.55%
ESTIMATED LONG-TERM RETURN:
5.39 - 5.66%
</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 but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $7,500,000 in 75,000 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 $100.70 to $97.72 depending on the purchase amount
Cusip 6710A5 709 monthly payment plan
Numbers 6710A5 717 quarterly payment plan
6710A5 725 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
</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>
- --------------------------------------------------------------------------------
PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Dist. of
California 10.7 % Columbia 3.3 % Illinois 20.2 %
Indiana 6.8 Nevada 10.2 New York 17.5
Wisconsin 20.5 Wyoming 10.8
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2017-19 20.0%
2020-22 0.0%
2023-25 10.0%
2026+ 70.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 04/23/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.34%
Tax Equivalent Yield 8.34%
Treasury Bonds
Yield 7.04%
Tax Equivalent Yield 7.41%
Corporate Bonds
Yield 7.87%
</TABLE>
*COMPARES TRUST AS OF 04/23/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 04/22/97. 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.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS NATIONAL 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>
----------------------------------------------------------------------------------------------------------------
$ 750,000 County of Orange, California, 1996 Recovery Certificates of Participation, AAA Aaa
Series A, 6.00% Due 7/1/26. 2006 at 102
250,000 District of Columbia, University Revenue Bonds (American University Issue), AAA Aaa
Series 1996, 5.625% Due 10/1/26. 2006 at 101
750,000 Illinois Health Facilities Authority Revenue Bonds, Series 1997A (Highland AAA Aaa
Park Hospital Project), 5.75% Due 10/1/26. (When issued.) 2007 at 102
750,000 Chicago Park District, Illinois, General Obligation Unlimited Tax Park AAA Aaa
Bonds, Series 1996 (Personal Property Replacement Tax Alternate Revenue
Source), 5.60% Due 1/1/24. 2007 at 101
500,000 Sarah Scott Middle School Building Corporation (Vigo County, Indiana), AAA Aaa
First Mortgage Bonds, Series 1997, 5.75% Due 7/15/17. (General Obligation
Bonds.) (When issued.) 2007 at 102
750,000 Airport Authority of Washoe County, Reno, Nevada, Airport Revenue Bonds, AAA Aaa
Series 1996A, 5.70% Due 7/1/26. 2006 at 102
500,000 Metropolitan Transportation Authority (New York), Transit Facilities AAA Aaa
Revenue Bonds, Series 1997A, 5.875% Due 7/1/27. (When issued.) 2007 at 101
1/2
750,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fiscal 1996 Series B, 5.875% Due 6/15/26.
(Original issue discount bonds delivered on or about May 16, 1996 at a
price of 93.908% of principal amount.) 2006 at 101
250,000 Public Utility District No. 1 of Chelan County, Washington, Columbia AAA Aaa
River-Rock Island Hydro-Electric System Revenue Refunding Bonds, Series
1997A, 0.00% Due 6/1/18. (Original issue discount bonds delivered on or
about March 17, 1997 at a price of 28.842% of principal amount.) No Optional
Call
750,000 Wisconsin Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Series 1996 (The Medical College of Wisconsin, Inc. Project), 5.50% Due
12/1/26. 2006 at 102
750,000 Wisconsin Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Series 1996 (Meriter Hospital, Inc.), 6.00% Due 12/1/17. 2006 at 102
750,000 Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds AAA Aaa
(Idaho Power Company Project), Series 1996A, 6.05% Due 7/15/26. 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 7,500,000 TOTAL 11 BONDS FROM 8 STATES AND ONE BOND FROM THE DISTRICT OF COLUMBIA.
</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 04/23/97.
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 $ 100.70 4.90 % 5.34% 5.39% 5.37% 5.42% 5.39% 5.44 %
500 / $50,000 100.55 4.75 5.35 5.40 5.38 5.43 5.40 5.45
1,000 / $100,000 100.28 4.50 5.36 5.42 5.39 5.45 5.41 5.47
2,500 / $250,000 100.02 4.25 5.38 5.44 5.41 5.47 5.43 5.49
5,000 / $500,000 99.24 3.50 5.42 5.50 5.45 5.53 5.47 5.55
10,000 / $1,000,000 98.73 3.00 5.45 5.54 5.48 5.57 5.50 5.59
25,000 / $2,500,000 98.23 2.50 5.47 5.57 5.51 5.60 5.53 5.62
50,000 / $5,000,000 97.72 2.00 5.50 5.61 5.54 5.64 5.55 5.66
</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
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.34 % 7.42% 7.74% 8.34% 8.84%
5.35 7.43 7.75 8.36 8.86
5.36 7.44 7.77 8.38 8.87
5.38 7.47 7.80 8.41 8.91
5.42 7.53 7.86 8.47 8.97
5.45 7.57 7.90 8.52 9.02
5.47 7.60 7.93 8.55 9.06
5.50 7.64 7.97 8.59 9.11
</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
06/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/97 $ .5524
Monthly plan 7/15/97 .4479 $ 5.3771
Quarterly plan 8/15/97 .9012
11/15/97 1.3518 5.4091
Semi-annual plan 11/15/97 2.2605
5/15/98 2.7126 5.4281
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.77 = 99.235
investment offering price # of units
(as of and accrued purchased
04/23/97) interest
99.235 X $5.3771 = $533.60
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN CALIFORNIA NUVEEN
INSURED UNIT TRUST 286 935
- --------------------------------------------------------------------------------
<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. - Dependable Income
and/or AAA by Standard & Poor's, the highest - Diversified Portfolios
rating given by each agency. - Top-Rated Municipal Bonds
ESTIMATED CURRENT RETURN: DATE OF DEPOSIT: April 24, 1997
5.27 - 5.49%
ESTIMATED LONG-TERM RETURN:
5.32 - 5.58%
</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 27.5 years
Call Protection Earliest ordinary optional call is 2006
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.24 to $97.28 depending on the purchase amount
Cusip 67065A 496 monthly payment plan
Numbers 67065A 504 quarterly payment plan
67065A 512 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)
2020-21 12.5%
2022-23 27.5%
2024-25 17.6%
2026+ 42.4%
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 04/23/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.27%
Tax Equivalent Yield 9.09%
Treasury Bonds
Yield 7.04%
Tax Equivalent Yield 7.76%
Corporate Bonds
Yield 7.87%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 04/23/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 04/22/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 370,000 California Health Facilities Financing Authority, Insured Health Facility 2006 at 102 AAA Aaa
Refunding Revenue Bonds (Catholic Healthcare West), 1996 Series A, 6.00%
Due 7/1/25.
500,000 County of Contra Costa, California, Certificates of Participation 2007 at 102 AAA Aaa
(Merrithew Memorial Hospital Replacement Project), Refunding Series of
1997, 5.50% Due 11/1/22.
500,000 East Bay Municipal Utility District (Alameda and Contra Costa Counties, 2006 at 100 AAA Aaa
California), Water System Subordinated Revenue/Refunding Bonds, Series
1996, 4.75% Due 6/1/21. (Original issue discount bonds delivered on or
about February 15, 1996 at a price of 91.468% of principal amount.)
600,000 Port of Oakland, California, Revenue Bonds, 1997 Series J, 5.50% Due 2007 at 102 AAA Aaa
11/1/26.
600,000 County of Orange, California, 1996 Recovery Certificates of Participation, 2006 at 102 AAA Aaa
Series A, 6.00% Due 7/1/26.
500,000 San Bernardino County, California, Certificates of Participation, Series 2006 at 102 AAA Aaa
1996 (Medical Center Financing Project), 5.00% Due 8/1/28. (Original issue
discount bonds delivered on or about January 31, 1996 at a price of 92.467%
of principal amount.)
330,000 Airports Commission, City and County of San Francisco, California, San 2006 at 101 AAA Aaa
Francisco International Airport, Second Series Revenue Bonds, Issue 12B,
5.65% Due 5/1/24.
600,000 The City of Turlock (California), Auxiliary Organization Revenue 2006 at 102 AAA Aaa
Certificates of Participation (California State University, Stanislaus
Foundation), Series 1995, 5.875% Due 6/1/22.
----------------------------------------------------------------------------------------------------------------
$ 4,000,000 TOTAL 8 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 04/23/97.
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 $ 100.24 4.90 % 5.27% 5.32% 5.31% 5.35% 5.32% 5.36 %
500 / $50,000 100.08 4.75 5.28 5.32 5.31 5.35 5.33 5.37
1,000 / $100,000 99.82 4.50 5.30 5.35 5.33 5.37 5.35 5.39
2,500 / $250,000 99.56 4.25 5.31 5.36 5.34 5.39 5.36 5.41
5,000 / $500,000 98.79 3.50 5.35 5.42 5.38 5.45 5.40 5.47
10,000 / $1,000,000 98.28 3.00 5.38 5.46 5.41 5.49 5.43 5.51
25,000 / $2,500,000 97.77 2.50 5.41 5.49 5.44 5.52 5.46 5.54
50,000 / $5,000,000 97.28 2.00 5.43 5.53 5.47 5.56 5.49 5.58
</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>
5.27 % 8.05% 8.43% 9.09% 9.58 %
5.28 8.06 8.45 9.10 9.60
5.30 8.09 8.48 9.14 9.64
5.31 8.11 8.50 9.16 9.65
5.35 8.17 8.56 9.22 9.73
5.38 8.21 8.61 9.28 9.78
5.41 8.26 8.66 9.33 9.84
5.43 8.29 8.69 9.36 9.87
</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
06/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/97 $ .5431
Monthly plan 7/15/97 .4404 $ 5.2858
Quarterly plan 8/15/97 .8862
11/15/97 1.3293 5.3178
Semi-annual plan 11/15/97 2.2230
5/15/98 2.6676 5.3368
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.31 = 99.690
investment offering price # of units
(as of and accrued purchased
04/23/97) interest
99.690 X $5.2858 = $526.94
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW YORK NUVEEN
INSURED UNIT TRUST 267 935
- --------------------------------------------------------------------------------
<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. - Dependable Income
and/or AAA by Standard & Poor's, the highest - Diversified Portfolios
rating given by each agency. - Top-Rated Municipal Bonds
ESTIMATED CURRENT RETURN: DATE OF DEPOSIT: April 24, 1997
5.30 - 5.51%
ESTIMATED LONG-TERM RETURN:
5.31 - 5.58%
</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 24.8 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.80 to $98.79 depending on the purchase amount
Cusip 67102K 523 monthly payment plan
Numbers 67102K 531 quarterly payment plan
67102K 549 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)
2015-16 28.6%
2017-18 0.0%
2019-20 10.7%
2021-22 17.9%
2023+ 42.8%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 04/23/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.30%
Tax Equivalent Yield 8.91%
Treasury Bonds
Yield 7.04%
Tax Equivalent Yield 7.56%
Corporate Bonds
Yield 7.87%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 04/23/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 04/22/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 375,000 Dormitory Authority of the State of New York, City University System 2006 at 102 AAA Aaa
Consolidated Third General Resolution Bonds, 1996 Series 2, 6.00% Due
7/1/20.
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 5/15/16.
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 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 I, 6.25% Due 4/15/27. (When issued.)
500,000 Metropolitan Transportation Authority (New York), Transit Facilities 2007 at 101 AAA Aaa
Revenue Bonds, Series 1997A, 5.875% Due 7/1/27. (When issued.) 1/2
500,000 New York City (New York), Municipal Water Finance Authority, Water and 2006 at 101 AAA Aaa
Sewer System Revenue Bonds, Fiscal 1996 Series B, 5.875% Due 6/15/26.
(Original issue discount bonds delivered on or about May 16, 1996 at a
price of 93.908% of principal amount.)
125,000 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 04/23/97.
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 $ 101.80 4.90 % 5.30% 5.31% 5.33% 5.34% 5.35% 5.36 %
500 / $50,000 101.64 4.75 5.31 5.32 5.34 5.35 5.36 5.37
1,000 / $100,000 101.37 4.50 5.32 5.34 5.35 5.37 5.37 5.39
2,500 / $250,000 101.11 4.25 5.33 5.35 5.37 5.38 5.38 5.40
5,000 / $500,000 100.32 3.50 5.38 5.42 5.41 5.45 5.43 5.47
10,000 / $1,000,000 99.80 3.00 5.40 5.46 5.44 5.49 5.46 5.51
25,000 / $2,500,000 99.29 2.50 5.43 5.49 5.46 5.52 5.48 5.54
50,000 / $5,000,000 98.79 2.00 5.46 5.53 5.49 5.56 5.51 5.58
</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>
5.30 % 7.91% 8.22% 8.91% 9.38 %
5.31 7.93 8.23 8.92 9.40
5.32 7.94 8.25 8.94 9.42
5.33 7.96 8.26 8.96 9.43
5.38 8.03 8.34 9.04 9.52
5.40 8.06 8.37 9.08 9.56
5.43 8.10 8.42 9.13 9.61
5.46 8.15 8.47 9.18 9.66
</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
06/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/97 $ .5542
Monthly plan 7/15/97 .4494 $ 5.3933
Quarterly plan 8/15/97 .9042
11/15/97 1.3563 5.4253
Semi-annual plan 11/15/97 2.2680
5/15/98 2.7216 5.4443
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
04/23/97) interest
98.164 X $5.3933 = $529.43
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
