<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 347 948
- --------------------------------------------------------------------------------
<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: June 26, 1997
5.07 - 5.28%
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 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 26.6 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.45 to $98.45 depending on the purchase amount
Cusip 6710A5 824 monthly payment plan
Numbers 6710A5 832 quarterly payment plan
6710A5 840 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>
California 8.8 % Colorado 10.6 % Illinois 10.7 %
Indiana 10.2 New Hampshire 10.7 New York 13.8
North Dakota 14.0 Rhode Island 10.7 Washington 10.5
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2019-20 20.0%
2021-22 16.7%
2023-24 10.0%
2025-26 40.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2027+ 13.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 06/25/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.07%
Tax Equivalent Yield 7.92%
Treasury Bonds
Yield 6.69%
Tax Equivalent Yield 7.04%
Corporate Bonds
Yield 7.43%
</TABLE>
*COMPARES TRUST AS OF 06/25/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 06/24/97. 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 The Metropolitan Water District of Southern California, Water Revenue AAA Aaa
Refunding Bonds, 1996 Series B, 4.75% Due 7/1/21. (Original issue discount
bonds delivered on or about February 28, 1996 at a price of 93.829% of
principal amount.) 2006 at 100
750,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
750,000 Illinois Health Facilities Authority Revenue Bonds, Series 1997A (Highland AAA Aaa
Park Hospital Project), 5.75% Due 10/1/26. 2007 at 102
750,000 Indiana State Office Building Commission, Correctional Facilities Program AAA Aaa
Revenue Bonds, Series 1995A, 5.50% Due 7/1/20. (Original issue discount
bonds delivered on or about August 2, 1995 at a price of 94.186% of
principal amount.) 2005 at 102
750,000 New Hampshire Higher Educational and Health Facilities Authority, Revenue AAA Aaa
Bonds, Saint Anselm College Issue, Series 1996, 5.75% Due 7/1/26. 2006 at 102
500,000 New York State Energy Research and Development Authority, Gas Facilities AAA Aaa
Revenue Bonds, 1996 Series (The Brooklyn Union Gas Company Project), 5.50%
Due 1/1/21. 2006 at 102
500,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fiscal 1997 Series A, 5.625% Due 6/15/19. 2006 at 101
1,000,000 City of Grand Forks, North Dakota, Health Care System Revenue Bonds (Altru AAA Aaa
Health System Obligated Group), Series 1997, 5.625% Due 8/15/27. 2007 at 102
750,000 Rhode Island Health and Educational Building Corporation, Hospital AAA Aaa
Financing Revenue Bonds, Lifespan Obligated Group Issue, Series 1996, 5.75%
Due 5/15/23. 2007 at 102
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 6/1/20. (Original issue discount bonds delivered on or
about March 17, 1997 at a price of 25.363% of principal amount.) No Optional
Call
750,000 Public Utility District No. 2 of Grant County, Washington, Priest Rapids AAA Aaa
Hydroelectric Development, Second Series Revenue Bonds, 1996A, 5.625% Due
1/1/26. 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 7,500,000 TOTAL 11 BONDS FROM 9 STATES.
</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 06/25/97.
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 $ 101.45 4.90 % 5.07% 5.10% 5.10% 5.13% 5.12% 5.15 %
500 / $50,000 101.29 4.75 5.08 5.11 5.11 5.14 5.13 5.16
1,000 / $100,000 101.03 4.50 5.09 5.13 5.12 5.16 5.14 5.18
2,500 / $250,000 100.76 4.25 5.11 5.15 5.14 5.18 5.16 5.20
5,000 / $500,000 99.98 3.50 5.15 5.21 5.18 5.24 5.20 5.26
10,000 / $1,000,000 99.46 3.00 5.17 5.24 5.20 5.27 5.22 5.29
25,000 / $2,500,000 98.95 2.50 5.20 5.28 5.23 5.31 5.25 5.33
50,000 / $5,000,000 98.45 2.00 5.23 5.32 5.26 5.35 5.28 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
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.07 % 7.04% 7.35% 7.92% 8.39%
5.08 7.06 7.36 7.94 8.41
5.09 7.07 7.38 7.95 8.43
5.11 7.10 7.41 7.98 8.46
5.15 7.15 7.46 8.05 8.53
5.17 7.18 7.49 8.08 8.56
5.20 7.22 7.54 8.13 8.61
5.23 7.26 7.58 8.17 8.66
</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
08/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 8/15/97 $ .4998
Monthly plan 9/15/97 .4284 $ 5.1441
Quarterly plan 11/15/97 1.2933
2/15/98 1.2933 5.1761
Semi-annual plan 11/15/97 1.2987
5/15/98 2.5974 5.1951
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.52 = 98.502
investment offering price # of units
(as of and accrued purchased
06/25/97) interest
98.502 X $5.1441 = $506.70
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN CALIFORNIA NUVEEN
INSURED UNIT TRUST 289 948
- --------------------------------------------------------------------------------
<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 26, 1997
4.91 - 5.11%
ESTIMATED LONG-TERM RETURN:
4.97 - 5.24%
</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 26.3 years
Call Protection Earliest ordinary optional call is 2006
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.41 to $97.44 depending on the purchase amount
Cusip 67065A 587 monthly payment plan
Numbers 67065A 595 quarterly payment plan
67065A 603 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)
2017-19 17.2%
2020-22 28.6%
2023-25 0.0%
2026+ 54.2%
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 06/25/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.91%
Tax Equivalent Yield 8.47%
Treasury Bonds
Yield 6.69%
Tax Equivalent Yield 7.38%
Corporate Bonds
Yield 7.43%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 06/25/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 06/24/97. 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.)
500,000 County of Contra Costa, California, Certificates of Participation 2007 at 102 AAA Aaa
(Merrithew Memorial Hospital Replacement Project), Refunding Series of
1997, 5.375% Due 11/1/17.
500,000 Redevelopment Agency of the City of El Centro, California (Imperial 2006 at 102 AAA Aaa
County), El Centro Redevelopment Project, Tax Allocation Refunding Bonds,
Series 1996, 5.50% Due 11/1/26. (Original issue discount bonds delivered on
or about October 15, 1996 at a price of 94.875% of principal amount.)
500,000 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.)
100,000 Saddleback Valley Unified School District, Public Financing Authority, No Optional AAA Aaa
Special Tax Revenue Bonds (County of Orange, State of California), 1996 Call
Series A Bonds, 0.00% Due 9/1/18. (Original issue discount bonds delivered
on or about January 16, 1997 at a price of 28.438% of principal amount.)
500,000 Airports Commission of the City and County of San Francisco, California, 2006 at 102 AAA Aaa
San Francisco International Airport, Second Series Revenue Bonds, Issue
10B, 5.50% Due 5/1/26.
500,000 The Metropolitan Water District of Southern California, Water Revenue 2006 at 100 AAA Aaa
Refunding Bonds, 1996 Series B, 4.75% Due 7/1/21. (Original issue discount
bonds delivered on or about February 28, 1996 at a price of 93.829% of
principal amount.)
400,000 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.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 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 06/25/97.
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 $ 100.41 4.90 % 4.91% 4.97% 4.94% 5.00% 4.96% 5.02 %
500 / $50,000 100.25 4.75 4.91 4.98 4.95 5.01 4.96 5.03
1,000 / $100,000 99.99 4.50 4.93 5.00 4.96 5.03 4.98 5.05
2,500 / $250,000 99.73 4.25 4.94 5.02 4.97 5.05 4.99 5.07
5,000 / $500,000 98.95 3.50 4.98 5.08 5.01 5.11 5.03 5.13
10,000 / $1,000,000 98.44 3.00 5.00 5.11 5.04 5.14 5.06 5.16
25,000 / $2,500,000 97.94 2.50 5.03 5.15 5.06 5.18 5.08 5.20
50,000 / $5,000,000 97.44 2.00 5.06 5.18 5.09 5.21 5.11 5.24
</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>
4.91 % 7.50% 7.86% 8.47% 8.93 %
4.91 7.50 7.86 8.47 8.93
4.93 7.53 7.89 8.50 8.96
4.94 7.54 7.90 8.52 8.98
4.98 7.60 7.97 8.59 9.05
5.00 7.63 8.00 8.62 9.09
5.03 7.68 8.05 8.67 9.15
5.06 7.73 8.10 8.72 9.20
</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
08/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 8/15/97 $ .4788
Monthly plan 9/15/97 .4104 $ 4.9261
Quarterly plan 11/15/97 1.2393
2/15/98 1.2393 4.9581
Semi-annual plan 11/15/97 1.2438
5/15/98 2.4876 4.9771
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.48 = 99.522
investment offering price # of units
(as of and accrued purchased
06/25/97) interest
99.522 X $4.9261 = $490.26
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NEW YORK NUVEEN
INSURED UNIT TRUST 270 948
- --------------------------------------------------------------------------------
<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 26, 1997
5.03 - 5.23%
ESTIMATED LONG-TERM RETURN:
5.00 - 5.28%
</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 24.9 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.08 to $99.06 depending on the purchase amount
Cusip 67102K 614 monthly payment plan
Numbers 67102K 622 quarterly payment plan
67102K 630 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)
2019-20 14.3%
2021-22 56.4%
2023-24 14.3%
2025+ 15.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 06/25/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.03%
Tax Equivalent Yield 8.45%
Treasury Bonds
Yield 6.69%
Tax Equivalent Yield 7.18%
Corporate Bonds
Yield 7.43%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 06/25/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 06/24/97. 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, Mental Health Services 2006 at 102 AAA Aaa
Facilities Improvement Revenue Bonds, Series 1996B, 5.125% Due 8/15/21.
(Original issue discount bonds delivered on or about March 27, 1996 at a
price of 93.599% of principal amount.)(General Obligation Bonds.)
375,000 Dormitory Authority of the State of New York, Rochester Institute of 2007 at 101 AAA Aaa
Technology, Insured Revenue Bonds, Series 1997, 5.25% Due 7/1/22. (When
issued.)
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 Monroe-Woodbury Central School District, Orange County, New York, School 2006 at 102 AAA Aaa
District Bonds, 1997, 5.625% Due 5/15/22. (General Obligation Bonds.)
525,000 The City of New York, New York, General Obligation Bonds, Fiscal 1996 2005 at 101 AAA Aaa
Series D, 6.00% Due 2/15/25.
500,000 New York City (New York), Municipal Water Finance Authority, Water and 2006 at 101 AAA Aaa
Sewer System Revenue Bonds, Fiscal 1997 Series A, 5.625% Due 6/15/19.
100,000 Triborough Bridge and Tunnel Authority (New York), General Purpose Revenue No Optional AAA Aaa
Bonds, Series 1993B, 0.00% Due 1/1/21. (Original issue discount bonds Call
delivered on or about November 9, 1993 at a price of 22.627% 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 06/25/97.
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 $.06. 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 $ 102.08 4.90 % 5.03% 5.00% 5.06% 5.04% 5.08% 5.06 %
500 / $50,000 101.92 4.75 5.03 5.01 5.06 5.05 5.08 5.07
1,000 / $100,000 101.65 4.50 5.05 5.03 5.08 5.07 5.10 5.09
2,500 / $250,000 101.39 4.25 5.06 5.05 5.09 5.09 5.11 5.11
5,000 / $500,000 100.60 3.50 5.10 5.11 5.13 5.15 5.15 5.17
10,000 / $1,000,000 100.08 3.00 5.13 5.15 5.16 5.19 5.18 5.21
25,000 / $2,500,000 99.57 2.50 5.15 5.18 5.18 5.22 5.20 5.24
50,000 / $5,000,000 99.06 2.00 5.18 5.22 5.21 5.26 5.23 5.28
</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>
5.03 % 7.51% 7.80% 8.45% 8.90 %
5.03 7.51 7.80 8.45 8.90
5.05 7.54 7.83 8.49 8.94
5.06 7.55 7.84 8.50 8.96
5.10 7.61 7.91 8.57 9.03
5.13 7.66 7.95 8.62 9.08
5.15 7.69 7.98 8.66 9.12
5.18 7.73 8.03 8.71 9.17
</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
08/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 8/15/97 $ .4909
Monthly plan 9/15/97 .4275 $ 5.1302
Quarterly plan 11/15/97 1.2897
2/15/98 1.2897 5.1622
Semi-annual plan 11/15/97 1.2951
5/15/98 2.5902 5.1812
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.14 = 97.904
investment offering price # of units
(as of and accrued purchased
06/25/97) interest
97.904 X $5.1302 = $502.27
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
