<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 306 945
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.93 - 5.13% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
4.94 - 5.21% - Dependable Income
DATE OF DEPOSIT: June 11, 1997 - Diversified Portfolios
- Investment Grade Municipal Bonds
</TABLE>
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
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 23.7 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.23 to $99.20 depending on the purchase amount
Cusip 6710A6 103 monthly payment plan
Numbers 6710A6 111 quarterly payment plan
6710A6 129 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 39%
AA 47
A1/A+ 14
---------
100%
Registration Registered in North Carolina
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2014-15 10.0%
2016-17 0.0%
2018-19 28.5%
2020-21 42.9%
2022+ 18.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 06/10/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.93%
Tax Equivalent Yield 8.36%
Treasury Bonds
Yield 6.82%
Tax Equivalent Yield 7.39%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.60%
</TABLE>
*COMPARES TRUST AS OF 06/10/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 06/09/97. ASSUMES 41.0%
FEDERAL AND STATE INCOME TAX RATE AND A 7.75% STATE INCOME TAX RATE. TREASURY
BONDS ARE SUBJECT TO FEDERAL BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE
GENERALLY SUBJECT TO BOTH. TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE
GUARANTEED BY THE U.S. GOVERNMENT.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS NORTH CAROLINA TRADITIONAL UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL -----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------
$ 500,000 North Carolina Medical Care Commission, Hospital Revenue Bonds (Gaston A+ A2
Memorial Hospital Project), Series 1995, 5.50% Due 2/15/19. 2006 at 102
500,000 North Carolina Municipal Power Agency Number 1, Catawba Electric Revenue AAA Aaa
Bonds, Series 1995A, 5.375% Due 1/1/20. (AMBAC Insured.) 2006 at 102
150,000 Board of Governors of The University of North Carolina, University of North AA Aa3
Carolina Hospitals at Chapel Hill, Revenue Bonds, Series 1996, 5.25% Due
2/15/26. 2006 at 102
500,000 City of Charlotte, North Carolina, Water and Sewer System Revenue Bonds, AA Aa
Series 1996, 5.25% Due 12/1/21. 2006 at 102
500,000 City of Greensboro, North Carolina, Combined Enterprise System Revenue AA- A1
Bonds, Series 1995A, 5.375% Due 6/1/19. 2005 at 102
350,000 County of Pasquotank, North Carolina, Certificates of Participation (1995 AAA Aaa
Elizabeth City-Pasquotank Public Schools Project), 5.00% Due 6/1/15.
(Original issue discount bonds delivered on or about December 21, 1995 at a
price of 94.871% of principal amount.)(MBIA Insured.) 2006 at 102
500,000 County of Pitt, North Carolina, Pitt County Memorial Hospital Revenue AA- Aa3
Bonds, Series 1995, 5.25% Due 12/1/21. (Original issue discount bonds
delivered on or about October 12, 1995 at a price of 92.008% of principal
amount.) 2005 at 102
500,000 County of Wake, North Carolina, Hospital System Revenue Bonds, Series 1993, AAA Aaa
5.125% Due 10/1/26. (Escrow Secured.) (MBIA Insured.) No Optional
Call
-----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM NORTH CAROLINA.
</TABLE>
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HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 06/10/97.
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 $ 102.23 4.90 % 4.93% 4.94% 4.96% 4.96% 4.98% 4.98 %
500 / $50,000 102.07 4.75 4.94 4.94 4.97 4.97 4.99 4.99
1,000 / $100,000 101.80 4.50 4.95 4.97 4.98 5.00 5.00 5.02
2,500 / $250,000 101.54 4.25 4.96 4.98 5.00 5.01 5.01 5.03
5,000 / $500,000 100.75 3.50 5.00 5.04 5.03 5.07 5.05 5.09
10,000 / $1,000,000 100.23 3.00 5.03 5.08 5.06 5.11 5.08 5.13
25,000 / $2,500,000 99.71 2.50 5.05 5.12 5.09 5.15 5.11 5.17
50,000 / $5,000,000 99.20 2.00 5.08 5.16 5.11 5.19 5.13 5.21
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by tax
UNIT TRUST bracket)
RETURN 33.0% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
4.93 % 7.36% 7.76% 8.36% 8.88 %
4.94 7.37 7.78 8.37 8.90
4.95 7.39 7.80 8.39 8.92
4.96 7.40 7.81 8.41 8.94
5.00 7.46 7.87 8.47 9.01
5.03 7.51 7.92 8.53 9.06
5.05 7.54 7.95 8.56 9.10
5.08 7.58 8.00 8.61 9.15
</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>
Initial payment
(all plans) 7/15/97 $ .2798
Monthly plan 8/15/97 .4197 $ 5.0399
Quarterly plan 8/15/97 .4224
11/15/97 1.2672 5.0719
Semi-annual plan 11/15/97 1.6968
5/15/98 2.5452 5.0909
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.30 = 97.751
investment offering price # of units
(as of and accrued purchased
06/10/97) interest
97.751 X $5.0399 = $492.66
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW JERSEY NUVEEN
INSURED UNIT TRUST 220 945
- --------------------------------------------------------------------------------
<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: June 11, 1997
4.96 - 5.17%
ESTIMATED LONG-TERM RETURN:
4.96 - 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 25.7 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.98 to $98.96 depending on the purchase amount
Cusip 6706LA 852 monthly payment plan
Numbers 6706LA 860 quarterly payment plan
6706LA 878 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)
2017-18 14.3%
2019-20 0.0%
2021-22 42.8%
2023-24 0.0%
2025+ 42.9%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 06/10/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.96%
Tax Equivalent Yield 8.27%
Treasury Bonds
Yield 6.82%
Tax Equivalent Yield 7.28%
Corporate Bonds
Yield 7.60%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 06/10/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 06/09/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 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, Trenton State 2006 at 101 AAA Aaa
College Issue, Series 1996 A, 5.10% Due 7/1/21.
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.)
500,000 The Camden County Municipal Utilities Authority (Camden County, New 2006 at 102 AAA Aaa
Jersey), County Agreement Sewer Revenue Refunding Bonds, 1996 Series,
5.125% Due 7/15/17. (General Obligation Bonds.)
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 The Board of Education of the Township of Middletown in the County of 2007 at 100 AAA Aaa
Monmouth, New Jersey, School Bonds, 5.85% Due 8/1/27. (General Obligation
Bonds.)
500,000 The City of Newark, in the County of Essex, New Jersey, General Obligation 2005 at 101 AAA Aaa
Water Utility Bonds, 5.55% Due 10/1/21.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 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 06/10/97.
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 $ 101.98 4.90 % 4.96% 4.96% 5.00% 4.99% 5.01% 5.01 %
500 / $50,000 101.82 4.75 4.97 4.97 5.00 5.00 5.02 5.02
1,000 / $100,000 101.55 4.50 4.99 4.99 5.02 5.02 5.04 5.04
2,500 / $250,000 101.28 4.25 5.00 5.00 5.03 5.03 5.05 5.05
5,000 / $500,000 100.50 3.50 5.04 5.06 5.07 5.09 5.09 5.11
10,000 / $1,000,000 99.98 3.00 5.06 5.10 5.10 5.13 5.12 5.15
25,000 / $2,500,000 99.47 2.50 5.09 5.14 5.12 5.17 5.14 5.19
50,000 / $5,000,000 98.96 2.00 5.12 5.17 5.15 5.20 5.17 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 32.0% 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
4.99 7.34 7.74 8.32 8.83
5.00 7.35 7.75 8.33 8.85
5.04 7.41 7.81 8.40 8.92
5.06 7.44 7.84 8.43 8.96
5.09 7.49 7.89 8.48 9.01
5.12 7.53 7.94 8.53 9.06
</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>
Initial payment
(all plans) 7/15/97 $ .2812
Monthly plan 8/15/97 .4218 $ 5.0633
Quarterly plan 8/15/97 .4245
11/15/97 1.2735 5.0953
Semi-annual plan 11/15/97 1.7040
5/15/98 2.5560 5.1143
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.05 = 97.991
investment offering price # of units
(as of and accrued purchased
06/10/97) interest
97.991 X $5.0633 = $496.16
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
