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NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 349 952
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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: July 21, 1997
4.97 - 5.17%
ESTIMATED LONG-TERM RETURN:
4.93 - 5.19%
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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.
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QUICK FACTS ABOUT THIS UNIT TRUST
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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 27.1 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.39 to $99.36 depending on the purchase amount
Cusip 6710A7 101 monthly payment plan
Numbers 6710A7 119 quarterly payment plan
6710A7 127 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
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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 $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
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PORTFOLIO INCOME DIVERSIFICATION
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Alabama 10.6 % Colorado 10.5 % Illinois 23.0 %
New York 14.0 North Dakota 10.6 Pennsylvania 20.5
Rhode Island 10.8
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MATURITY DATES (Description of Chart)
2019-20 10.0%
2021-22 20.0%
2023-24 28.5%
2025-26 21.5%
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2027+ 20.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 07/18/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.97%
Tax Equivalent Yield 7.77%
Treasury Bonds
Yield 6.50%
Tax Equivalent Yield 6.84%
Corporate Bonds
Yield 7.20%
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*COMPARES TRUST AS OF 07/18/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 07/17/97. ASSUMES 36.0%
FEDERAL AND 5.0% STATE INCOME TAX RATES. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
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BONDS THIS NATIONAL INSURED UNIT TRUST CONTAINS
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RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
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$ 750,000 Jefferson County, Alabama, Sewer Revenue Refunding Warrants, Series 1997-A, AAA Aaa
5.625% Due 2/1/22. 2007 at 101
750,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.60% Due 11/15/20. 2005 at 102
750,000 Illinois Educational Facilities Authority, Revenue Bonds, Illinois Wesleyan AAA Aaa
University, Series 1997, 5.65% Due 9/1/26. 2007 at 102
860,000 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 Dormitory Authority of the State of New York, Mental Health Services AAA Aaa
Facilities Improvement Revenue Bonds, Series 1997B, 5.625% Due 2/15/21.
(Original issue discount bonds delivered on or about March 27, 1997 at a
price of 94.659% of principal amount.)(General Obligation Bonds.) 2007 at 102
250,000 New York City, New York, Municipal Water Finance Authority, Water and Sewer AAA Aaa
System Revenue Bonds, Fiscal 1996 Series A, 5.50% Due 6/15/23. (Original
issue discount bonds delivered on or about August 16, 1995 at a price of
88.954% of principal amount.) 2005 at 100
750,000 City of Grand Forks, North Dakota, Sales Tax Revenue Bonds (The Aurora AAA Aaa
Project), Series 1997A, 5.625% Due 12/15/29. 2007 at 100
750,000 Allegheny County Sanitary Authority, Allegheny County, Pennsylvania, Sewer AAA Aaa
Revenue Bonds, Series of 1997, 5.375% Due 12/1/24. (When issued.) 2007 at 102
750,000 Dauphin County General Authority (Pennsylvania), Health System Revenue AAA Aaa
Bonds, Series of 1997 (Pinnacle Health System Project), 5.50% Due 5/15/27. 2007 at 101
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
390,000 Bellevue Convention Center Authority, King County, Washington, Special AAA Aaa
Obligation Revenue and Refunding Bonds, Series 1994, 0.00% Due 2/1/23.
(Original issue discount bonds delivered on or about November 30, 1994 at a
price of 12.567% of principal amount.)(General Obligation Bonds.) No Optional
Call
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$ 7,500,000 TOTAL 11 BONDS FROM 8 STATES.
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HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
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The estimated current return is the net income the sales charge, and returns are as of 07/18/97.
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
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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 $ 102.39 4.90 % 4.97% 4.93% 5.00% 4.96% 5.02% 4.98 %
500 / $50,000 102.23 4.75 4.98 4.94 5.01 4.97 5.03 4.99
1,000 / $100,000 101.96 4.50 4.99 4.96 5.02 4.99 5.04 5.01
2,500 / $250,000 101.69 4.25 5.00 4.97 5.03 5.00 5.05 5.02
5,000 / $500,000 100.90 3.50 5.04 5.03 5.07 5.06 5.09 5.08
10,000 / $1,000,000 100.38 3.00 5.07 5.06 5.10 5.10 5.12 5.12
25,000 / $2,500,000 99.87 2.50 5.09 5.10 5.13 5.13 5.15 5.15
50,000 / $5,000,000 99.36 2.00 5.12 5.14 5.15 5.17 5.17 5.19
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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.
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Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
4.97 % 6.90% 7.20% 7.77% 8.23%
4.98 6.92 7.22 7.78 8.25
4.99 6.93 7.23 7.80 8.26
5.00 6.94 7.25 7.81 8.28
5.04 7.00 7.30 7.88 8.34
5.07 7.04 7.35 7.92 8.39
5.09 7.07 7.38 7.95 8.43
5.12 7.11 7.42 8.00 8.48
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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
09/01/97.
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Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 9/15/97 $ .5652
Monthly plan 10/15/97 .4239 $ 5.0878
Quarterly plan 11/15/97 .8532
2/15/98 1.2798 5.1198
Semi-annual plan 11/15/97 .8562
5/15/98 2.5686 5.1388
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.43 = 97.627
investment offering price # of units
(as of and accrued purchased
07/18/97) interest
97.627 X $5.0878 = $496.71
# of units annual income annual income
purchased per unit
(monthly plan)
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