<PAGE>
NUVEEN
NUVEEN MARYLAND
TRADITIONAL UNIT TRUST 322 953
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.67 - 4.87% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
4.66 - 4.92% - Dependable Income
DATE OF DEPOSIT: July 25, 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 24.6 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.68 to $99.64 depending on the purchase amount
Cusip 67102E 584 monthly payment plan
Numbers 67102E 592 quarterly payment plan
67102E 600 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 54%
AA 46
---------
100%
Registration Registered in Maryland
</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)
2016-17 28.6%
2018-19 2.9%
2020-21 14.3%
2022-23 14.3%
2024+ 39.9%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 07/24/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.67%
Tax Equivalent Yield 7.66%
Treasury Bonds
Yield 6.44%
Tax Equivalent Yield 6.78%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.11%
</TABLE>
*COMPARES TRUST AS OF 07/24/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 07/23/97. ASSUMES 39.0%
FEDERAL AND STATE INCOME TAX RATE AND A 5.0% 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 MARYLAND 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>
----------------------------------------------------------------------------------------------------------------
$ 100,000 Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, AA- Aa3
The Johns Hopkins Hospital Issue, Series 1990, 0.00% Due 7/1/19. (Original
issue discount bonds delivered on or about June 7, 1990 at a price of
12.098% of principal amount.) No Optional
Call
400,000 Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, AAA Aaa
The Johns Hopkins Health System (Bayview Campus) Issue, Series 1996, 5.25%
Due 7/1/27. (AMBAC Insured.) 2007 at 102
500,000 University of Maryland System, Auxiliary Facility and Tuition Revenue AA+ Aa3
Bonds, 1997 Refunding Series A, 5.125% Due 4/1/17. 2007 at 101
500,000 Anne Arundel County, Maryland, General Obligation Bonds, Consolidated Water AA+ Aa2
and Sewer Series, 1996, 5.00% Due 9/1/16. 2006 at 101
500,000 City of Baltimore, Maryland (Mayor and City Council of Baltimore), Project AAA Aaa
and Refunding Revenue Bonds (Water Projects), Series 1994-A, 5.00% Due
7/1/24. (Original issue discount bonds delivered on or about February 24,
1994 at a price of 94.055% of principal amount.)(FGIC Insured.) No Optional
Call
500,000 St. Mary's College of Maryland, Academic Fees and Auxiliary Facilities AAA Aaa
Fees, Revenue Bonds, 1997 Series A, 5.25% Due 9/1/27. (MBIA Insured.) 2007 at 101
500,000 Washington Suburban Sanitary District, Maryland (Montgomery and Prince AA Aa1
George's Counties, Maryland), General Construction Bonds of 1995, 5.25% Due
6/1/20. (General Obligation Bonds.) 2005 at 100
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)(MBIA Insured.) 2005 at 101
1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM MARYLAND AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 07/24/97.
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 $ 102.68 4.90 % 4.67% 4.66% 4.70% 4.69% 4.72% 4.71 %
500 / $50,000 102.52 4.75 4.68 4.66 4.71 4.69 4.73 4.71
1,000 / $100,000 102.25 4.50 4.69 4.69 4.72 4.72 4.74 4.74
2,500 / $250,000 101.98 4.25 4.70 4.70 4.74 4.73 4.75 4.75
5,000 / $500,000 101.19 3.50 4.74 4.76 4.77 4.79 4.79 4.81
10,000 / $1,000,000 100.67 3.00 4.77 4.79 4.80 4.82 4.82 4.85
25,000 / $2,500,000 100.15 2.50 4.79 4.83 4.82 4.86 4.84 4.88
50,000 / $5,000,000 99.64 2.00 4.81 4.87 4.85 4.90 4.87 4.92
</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 31.5% 34.5% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
4.67 % 6.82% 7.13% 7.66% 8.12 %
4.68 6.83 7.15 7.67 8.14
4.69 6.85 7.16 7.69 8.16
4.70 6.86 7.18 7.70 8.17
4.74 6.92 7.24 7.77 8.24
4.77 6.96 7.28 7.82 8.30
4.79 6.99 7.31 7.85 8.33
4.81 7.02 7.34 7.89 8.37
</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
09/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 9/15/97 $ .4795
Monthly plan 10/15/97 .3996 $ 4.7977
Quarterly plan 11/15/97 .8046
2/15/98 1.2069 4.8297
Semi-annual plan 11/15/97 .8076
5/15/98 2.4228 4.8487
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.75 = 97.323
investment offering price # of units
(as of and accrued purchased
07/24/97) interest
97.323 X $4.7977 = $466.93
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN FLORIDA NUVEEN
INSURED UNIT TRUST 246 953
- --------------------------------------------------------------------------------
<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: July 25, 1997
4.70 - 4.90%
ESTIMATED LONG-TERM RETURN:
4.76 - 5.02%
</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. Capital
gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 26.1 years
Call Protection Earliest ordinary optional call is 2006
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.55 to $97.57 depending on the purchase amount
Cusip 6706H6 401 monthly payment plan
Numbers 6706H6 419 quarterly payment plan
6706H6 427 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 Florida
</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 6.4%
2019-20 7.1%
2021-22 28.6%
2023-24 0.0%
2025+ 57.9%
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 07/24/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.70%
Tax Equivalent Yield 7.34%
Treasury Bonds
Yield 6.44%
Tax Equivalent Yield
Corporate Bonds
Yield 7.11%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 07/24/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 07/23/97. ASSUMES 36.0%
FEDERAL 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 FLORIDA 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 The School Board of Dade County, Florida, Certificates of Participation, 2006 at 101 AAA Aaa
Series 1996A, 5.50% Due 5/1/25. (Original issue discount bonds delivered on
or about May 1, 1996 at a price of 93.818% of principal amount.)
500,000 Dade County, Florida, Water and Sewer System Revenue Bonds, Series 1997, 2007 at 101 AAA Aaa
5.25% Due 10/1/21. (Original issue discount bonds delivered on or about
January 30, 1997 at a price of 94.322% of principal amount.)
250,000 Indian River County, Florida, Water and Sewer Revenue Bonds, Series 1993A, 2008 at 102 AAA Aaa
5.25% Due 9/1/20. (Original issue discount bonds delivered on or about
April 1, 1993 at a price of 93.628% of principal amount.)
500,000 City of Lakeland, Florida, Hospital Revenue Refunding Bonds (Lakeland 2006 at 102 AAA Aaa
Regional Medical Center Project), Series 1996, 5.25% Due 11/15/25.
500,000 Sarasota County, Florida, Utility System Revenue Refunding Bonds, Series 2006 at 102 AAA Aaa
1996A, 5.25% Due 10/1/25.
500,000 South Broward Hospital District (Florida), Hospital Refunding Revenue 2006 at 102 AAA Aaa
Bonds, Series 1996, 5.25% Due 5/1/21.
225,000 City of Tampa, Florida, Utilities Tax Improvement Bonds, Series 1996, 0.00% No Optional AAA Aaa
Due 4/1/18. (Original issue discount bonds delivered on or about July 2, Call
1996 at a price of 26.616% of principal amount.)
525,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1997, 5.375% Due 2007 at 100 AAA Aaa
7/1/25. (Original issue discount bonds delivered on or about March 1, 1997
at a price of 93.725% of principal amount.)(General Obligation Bonds.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM FLORIDA AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 07/24/97.
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 $ 100.55 4.90 % 4.70% 4.76% 4.74% 4.80% 4.75% 4.82 %
500 / $50,000 100.39 4.75 4.71 4.76 4.74 4.80 4.76 4.82
1,000 / $100,000 100.13 4.50 4.72 4.79 4.75 4.82 4.77 4.84
2,500 / $250,000 99.86 4.25 4.74 4.80 4.77 4.84 4.79 4.86
5,000 / $500,000 99.09 3.50 4.77 4.86 4.80 4.90 4.82 4.92
10,000 / $1,000,000 98.58 3.00 4.80 4.89 4.83 4.93 4.85 4.95
25,000 / $2,500,000 98.07 2.50 4.82 4.93 4.85 4.97 4.87 4.99
50,000 / $5,000,000 97.57 2.00 4.85 4.96 4.88 5.00 4.90 5.02
</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 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
4.70 % 6.53% 6.81% 7.34% 7.78 %
4.71 6.54 6.83 7.36 7.80
4.72 6.56 6.84 7.38 7.81
4.74 6.58 6.87 7.41 7.85
4.77 6.63 6.91 7.45 7.90
4.80 6.67 6.96 7.50 7.95
4.82 6.69 6.99 7.53 7.98
4.85 6.74 7.03 7.58 8.03
</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
09/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 9/15/97 $ .4726
Monthly plan 10/15/97 .3939 $ 4.7291
Quarterly plan 11/15/97 .7932
2/15/98 1.1898 4.7611
Semi-annual plan 11/15/97 .7962
5/15/98 2.3886 4.7801
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.62 = 99.383
investment offering price # of units
(as of and accrued purchased
07/24/97) interest
99.383 X $4.7291 = $469.99
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
