<PAGE>
NUVEEN CALIFORNIA NUVEEN
INSURED UNIT TRUST 288 941
- --------------------------------------------------------------------------------
<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: May 20, 1997
5.06 - 5.27%
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 $4,000,000 in 40,000 units
Average Life 26.8 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.40 to $97.43 depending on the purchase amount
Cusip 67065A 553 monthly payment plan
Numbers 67065A 561 quarterly payment plan
67065A 579 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)
2019-20 15.0%
2021-22 30.0%
2023-24 10.0%
2025+ 45.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 05/19/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.06%
Tax Equivalent Yield 8.72%
Treasury Bonds
Yield 6.90%
Tax Equivalent Yield 7.61%
Corporate Bonds
Yield 7.72%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 05/19/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 05/16/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 600,000 City of Fresno, California, Sewer System Revenue Bonds, 1995 Series A, 2006 at 102 AAA Aaa
4.75% Due 9/1/26. (Original issue discount bonds delivered on or about
December 21, 1995 at a price of 89.887% of principal amount.)
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 delivered on or about
February 19, 1997 at a price of 94.383% of principal amount.)
600,000 City of San Carlos, California, General Obligation Bonds, Series 1996, 2006 at 102 AAA Aaa
5.75% Due 8/1/26.
600,000 Public Facilities Financing Authority of the City of San Diego 2005 at 101 AAA Aaa
(California), Sewer Revenue Bonds, Series 1995, 5.00% Due 5/15/20.
400,000 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 Tracy Area Public Facilities Financing Agency, Community Facilities 2006 at 102 AAA Aaa
District No. 1987-1, Special Tax Bonds, Series G (1996), (San Joaquin
County, California), 5.50% Due 10/1/21.
600,000 City of Visalia, California, Refunding Certificates of Participation 2006 at 102 AAA Aaa
(Multiple Projects), Visalia Public Finance Authority, Series 1996B, 5.375%
Due 12/1/26.
----------------------------------------------------------------------------------------------------------------
$ 4,000,000 TOTAL 7 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 05/19/97.
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 $.04. 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 $ 100.40 4.90 % 5.06% 5.10% 5.09% 5.13% 5.11% 5.15 %
500 / $50,000 100.24 4.75 5.07 5.11 5.10 5.14 5.12 5.16
1,000 / $100,000 99.98 4.50 5.08 5.13 5.11 5.16 5.13 5.18
2,500 / $250,000 99.72 4.25 5.10 5.15 5.13 5.18 5.15 5.20
5,000 / $500,000 98.94 3.50 5.14 5.21 5.17 5.24 5.19 5.26
10,000 / $1,000,000 98.43 3.00 5.16 5.24 5.19 5.27 5.21 5.29
25,000 / $2,500,000 97.93 2.50 5.19 5.28 5.22 5.31 5.24 5.33
50,000 / $5,000,000 97.43 2.00 5.21 5.32 5.25 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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
5.06 % 7.73% 8.10% 8.72% 9.20 %
5.07 7.74 8.11 8.74 9.22
5.08 7.76 8.13 8.76 9.24
5.10 7.79 8.16 8.79 9.27
5.14 7.85 8.22 8.86 9.35
5.16 7.88 8.26 8.90 9.38
5.19 7.92 8.30 8.95 9.44
5.21 7.95 8.34 8.98 9.47
</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
07/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Partial payment
(all plans) 7/15/97 $ .5785
Monthly plan 8/15/97 .4233 $ 5.0809
Quarterly plan 8/15/97 .4260
11/15/97 1.2780 5.1129
Semi-annual plan 11/15/97 1.7100
5/15/98 2.5650 5.1319
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.44 = 99.561
investment offering price # of units
(as of and accrued purchased
05/19/97) interest
99.561 X $5.0809 = $505.86
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN MICHIGAN NUVEEN
INSURED UNIT TRUST 69 941
- --------------------------------------------------------------------------------
<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: May 20, 1997
5.08 - 5.28%
ESTIMATED LONG-TERM RETURN:
5.11 - 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 26.4 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.95 to $97.96 depending on the purchase amount
Cusip 67095E 583 monthly payment plan
Numbers 67095E 591 quarterly payment plan
67095E 609 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 Michigan
</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 14.3%
2022-23 21.4%
2024-25 21.4%
2026+ 28.6%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/19/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.08%
Tax Equivalent Yield 8.40%
Treasury Bonds
Yield 6.90%
Tax Equivalent Yield 7.28%
Corporate Bonds
Yield 7.72%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 05/19/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 05/16/97. ASSUMES 39.5%
FEDERAL AND STATE INCOME TAX RATE AND A 5.275% 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 MICHIGAN 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 Michigan State Hospital Finance Authority, Hospital Revenue and Refunding 2006 at 102 AAA Aaa
Bonds (Henry Ford Health System), Series 1995A, 5.25% Due 11/15/25.
(Original issue discount bonds delivered on or about January 9, 1996 at a
price of 93.572% of principal amount.)
500,000 Michigan State Hospital Finance Authority, Hospital Revenue Bonds (Mercy 2006 at 101 AAA Aaa
Health Services Obligated Group), 1996 Series R, 5.375% Due 8/15/26.
(Original issue discount bonds delivered on or about December 4, 1996 at a
price of 93.856% of principal amount.)
250,000 Cadillac Area Public Schools, Counties of Wexford, Osceola and Lake, State 2006 at 100 AAA Aaa
of Michigan, 1996 School Building and Site Bonds, 5.50% Due 5/1/22.
(General Obligation Bonds.)
500,000 The Central Michigan University Board of Trustees, General Revenue Bonds, 2007 at 101 AAA Aaa
Series 1997, 5.625% Due 10/1/22.
500,000 City of Detroit, Michigan, Water Supply System Revenue and Revenue 2004 at 102 AAA Aaa
Refunding Bonds, Series 1993, 4.75% Due 7/1/19. (Original issue discount
bonds delivered on or about October 28, 1993 at a price of 91.343% of
principal amount.)
500,000 Board of Regents of Eastern Michigan University, General Revenue Bonds, 2006 at 101 AAA Aaa
Series 1997, 5.50% Due 6/1/27.
500,000 Fowlerville Community Schools, Counties of Livingston, Ingham, and 2007 at 100 AAA Aaa
Shiawassee, State of Michigan, 1996 School Building and Site Bonds, 5.60%
Due 5/1/21. (General Obligation Bonds.)
250,000 Grand Ledge Public Schools, Counties of Eaton, Clinton and Ionia, State of 2005 at 102 AAA Aaa
Michigan, 1995 Refunding Bonds, 5.375% Due 5/1/24. (Original issue discount
bonds delivered on or about November 2, 1995 at a price of 94.75% of
principal amount.)(General Obligation Bonds.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM MICHIGAN.
</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 05/19/97.
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 $.04. 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 $ 100.95 4.90 % 5.08% 5.11% 5.11% 5.15% 5.13% 5.17 %
500 / $50,000 100.79 4.75 5.08 5.12 5.12 5.16 5.13 5.18
1,000 / $100,000 100.52 4.50 5.10 5.14 5.13 5.18 5.15 5.20
2,500 / $250,000 100.26 4.25 5.11 5.16 5.14 5.20 5.16 5.22
5,000 / $500,000 99.48 3.50 5.15 5.22 5.18 5.26 5.20 5.28
10,000 / $1,000,000 98.97 3.00 5.18 5.25 5.21 5.29 5.23 5.31
25,000 / $2,500,000 98.46 2.50 5.20 5.29 5.24 5.33 5.26 5.35
50,000 / $5,000,000 97.96 2.00 5.23 5.33 5.26 5.37 5.28 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 32.0% 34.5% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.08 % 7.47% 7.76% 8.40% 8.91 %
5.08 7.47 7.76 8.40 8.91
5.10 7.50 7.79 8.43 8.95
5.11 7.51 7.80 8.45 8.96
5.15 7.57 7.86 8.51 9.04
5.18 7.62 7.91 8.56 9.09
5.20 7.65 7.94 8.60 9.12
5.23 7.69 7.98 8.64 9.18
</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
07/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Partial payment
(all plans) 7/15/97 $ .5834
Monthly plan 8/15/97 .4269 $ 5.1237
Quarterly plan 8/15/97 .4296
11/15/97 1.2888 5.1557
Semi-annual plan 11/15/97 1.7244
5/15/98 2.5866 5.1747
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.99 = 99.019
investment offering price # of units
(as of and accrued purchased
05/19/97) interest
99.019 X $5.1237 = $507.34
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN OHIO NUVEEN
INSURED UNIT TRUST 142 941
- --------------------------------------------------------------------------------
<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: May 20, 1997
5.07 - 5.28%
ESTIMATED LONG-TERM RETURN:
5.12 - 5.38%
</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 $101.30 to $98.31 depending on the purchase amount
Cusip 67102G 431 monthly payment plan
Numbers 67102G 449 quarterly payment plan
67102G 456 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 Ohio
</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 14.3%
2019-21 17.1%
2022-24 0.0%
2025-27 54.3%
2028+ 14.3%
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 05/19/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 8.59%
Treasury Bonds
Yield 6.90%
Tax Equivalent Yield 7.46%
Corporate Bonds
Yield 7.72%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 05/19/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 05/16/97. ASSUMES 41.0%
FEDERAL AND STATE INCOME TAX RATE AND A 7.5% 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 OHIO 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 Ohio, Turnpike Revenue Bonds, 1996 Series A, Issued by the Ohio 2006 at 102 AAA Aaa
Turnpike Commission, 5.50% Due 2/15/26. (Original issue discount bonds
delivered on or about June 20, 1996 at a price of 93.50% of principal
amount.)
500,000 City of Cleveland, Ohio, Waterworks Improvement and Refunding First 2006 at 102 AAA Aaa
Mortgage Revenue Bonds, Series H, 1996, 5.75% Due 1/1/26.
400,000 County of Cuyahoga, Ohio, Hospital Improvement and Refunding Revenue Bonds, 2006 at 102 AAA Aaa
Series 1996A (University Hospitals Health System, Inc. Project), 5.625% Due
1/15/26.
100,000 City of Huber Heights, Ohio, Water System Revenue Bonds, Series 1995, 0.00% No Optional AAA Aaa
Due 12/1/21. (Original issue discount bonds delivered on or about September Call
29, 1995 at a price of 20.229% of principal amount.)
500,000 Jackson Local School District, Stark and Summit Counties, Ohio, School 2006 at 102 AAA Aaa
Building Construction and Improvement Bonds, 5.50% Due 12/1/21. (General
Obligation Bonds.)
500,000 Kent State University (Ohio), General Receipts Bonds, Series 1996, 5.50% 2006 at 102 AAA Aaa
Due 5/1/28.
500,000 County of Lorain, Ohio, Hospital Facilities Revenue Bonds, Series 1997B 2007 at 102 AAA Aaa
(Catholic Healthcare Partners), 5.50% Due 9/1/27. (Original issue discount
bonds delivered on or about May 15, 1997 at a price of 94.711% of principal
amount.)
500,000 West Holmes Local School District, Ohio, School Improvement Bonds, Series 2007 at 101 AAA Aaa
1997, 5.375% Due 12/1/17. (General Obligation Bonds.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM OHIO.
</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 05/19/97.
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 $.04. 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 $ 101.30 4.90 % 5.07% 5.12% 5.10% 5.15% 5.12% 5.17 %
500 / $50,000 101.14 4.75 5.08 5.12 5.11 5.15 5.13 5.17
1,000 / $100,000 100.88 4.50 5.09 5.15 5.12 5.18 5.14 5.20
2,500 / $250,000 100.62 4.25 5.10 5.16 5.14 5.19 5.16 5.21
5,000 / $500,000 99.83 3.50 5.14 5.22 5.18 5.25 5.20 5.27
10,000 / $1,000,000 99.32 3.00 5.17 5.26 5.20 5.29 5.22 5.31
25,000 / $2,500,000 98.81 2.50 5.20 5.29 5.23 5.32 5.25 5.34
50,000 / $5,000,000 98.31 2.00 5.22 5.33 5.26 5.36 5.28 5.38
</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% 36.0% 41.0% 44.0%
<C> <S> <C> <C> <C> <C>
5.07 % 7.51% 7.92% 8.59% 9.05 %
5.08 7.53 7.94 8.61 9.07
5.09 7.54 7.95 8.63 9.09
5.10 7.56 7.97 8.64 9.11
5.14 7.61 8.03 8.71 9.18
5.17 7.66 8.08 8.76 9.23
5.20 7.70 8.13 8.81 9.29
5.22 7.73 8.16 8.85 9.32
</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
07/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Partial payment
(all plans) 7/15/97 $ .5846
Monthly plan 8/15/97 .4278 $ 5.1362
Quarterly plan 8/15/97 .4305
11/15/97 1.2915 5.1682
Semi-annual plan 11/15/97 1.7280
5/15/98 2.5920 5.1872
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.34 = 98.677
investment offering price # of units
(as of and accrued purchased
05/19/97) interest
98.677 X $5.1362 = $506.82
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
