<PAGE>
NUVEEN
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 290 957
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.83 - 5.03% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
4.81 - 5.09% - Dependable Income
DATE OF DEPOSIT: August 27, 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 23.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.79 to $99.75 depending on the purchase amount
Cusip 67064X 406 monthly payment plan
Numbers 67064X 414 quarterly payment plan
67064X 422 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 75%
AA 25
---------
100%
Registration Registered in Connecticut
</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)
2015-16 13.4%
2017-18 38.8%
2019-20 14.3%
2021-22 0.0%
2023+ 33.5%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 08/26/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 4.83%
Tax Equivalent Yield 7.92%
Treasury Bonds
Yield 6.67%
Tax Equivalent Yield 6.98%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.44%
</TABLE>
*COMPARES TRUST AS OF 08/26/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 08/25/97. ASSUMES 39.0%
FEDERAL AND STATE INCOME TAX RATE AND A 4.5% 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 CONNECTICUT 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>
----------------------------------------------------------------------------------------------------------------
$ 360,000 State of Connecticut, General Obligation Bonds (1997 Series C), 5.25% Due AA- Aa3
8/1/17. 2007 at 101.5
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AAA --
Bonds, Bridgeport Hospital Issue, Series C, 5.375% Due 7/1/19. (ConnieLee
Insured.) 2006 at 102
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Choate Rosemary Hall Issue, Series B, 5.00% Due 7/1/27. (Original
issue discount bonds delivered on or about July 8, 1997 at a price of
93.809% of principal amount.)(MBIA Insured.) 2007 at 101
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, The Loomis Chaffee School Issue, Series C, 5.50% Due 7/1/26. (MBIA
Insured.) 2006 at 101
500,000 Connecticut Municipal Electric Energy Cooperative, Power Supply System AAA Aaa
Revenue Bonds, 1993 Series A, 5.00% Due 1/1/18. (MBIA Insured.) 2004 at 102
470,000 Town of East Haven, Connecticut, General Obligation Bonds, 5.25% Due AAA Aaa
9/1/15. (When issued.) (FGIC Insured.) 2006 at 100
500,000 Town of North Haven, Connecticut, General Obligation Bonds, Issue of 1997, -- Aa3
5.10% Due 9/1/17. (When issued.) 2007 at 102
170,000 University of Puerto Rico, University System Revenue Bonds, Series M, 5.25% AAA Aaa
Due 6/1/25. (Original issue discount bonds delivered on or about May 25,
1995 at a price of 91.25% of principal amount.)(MBIA Insured.) 2005 at 101.5
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM CONNECTICUT 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 08/26/97.
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 $.05. 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 $ 102.79 4.90 % 4.83% 4.81% 4.86% 4.85% 4.88% 4.87 %
500 / $50,000 102.62 4.75 4.84 4.82 4.87 4.86 4.89 4.88
1,000 / $100,000 102.36 4.50 4.85 4.84 4.89 4.88 4.90 4.90
2,500 / $250,000 102.09 4.25 4.87 4.86 4.90 4.90 4.92 4.92
5,000 / $500,000 101.30 3.50 4.90 4.92 4.94 4.96 4.95 4.98
10,000 / $1,000,000 100.77 3.00 4.93 4.96 4.96 5.00 4.98 5.02
25,000 / $2,500,000 100.26 2.50 4.96 5.00 4.99 5.04 5.01 5.06
50,000 / $5,000,000 99.75 2.00 4.98 5.03 5.01 5.07 5.03 5.09
</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 31.0% 34.0% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
4.83 % 7.00% 7.32% 7.92% 8.40 %
4.84 7.01 7.33 7.93 8.42
4.85 7.03 7.35 7.95 8.43
4.87 7.06 7.38 7.98 8.47
4.90 7.10 7.42 8.03 8.52
4.93 7.14 7.47 8.08 8.57
4.96 7.19 7.52 8.13 8.63
4.98 7.22 7.55 8.16 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
10/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 10/15/97 $ .4532
Monthly plan 11/15/97 .4140 $ 4.9683
Quarterly plan 11/15/97 .4164
2/15/98 1.2492 5.0003
Semi-annual plan 11/15/97 .4182
5/15/98 2.5092 5.0193
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.84 = 97.238
investment offering price # of units
(as of and accrued purchased
08/26/97) interest
97.238 X $4.9683 = $483.11
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 351 957
- --------------------------------------------------------------------------------
<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: August 27, 1997
5.01 - 5.22%
ESTIMATED LONG-TERM RETURN:
5.05 - 5.31%
</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 $5,000,000 in 50,000 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 $100.85 to $97.87 depending on the purchase amount
Cusip 6710A7 168 monthly payment plan
Numbers 6710A7 176 quarterly payment plan
6710A7 184 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>
Colorado 10.4 % Illinois 21.0 % New York 12.9 %
North Dakota 10.6 Texas 10.6 Washington 24.3
Wisconsin 10.2
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2016-18 10.0%
2019-21 10.0%
2022-24 40.0%
2025+ 40.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2006
YIELD COMPARISON AS OF 08/26/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.01%
Tax Equivalent Yield 7.83%
Treasury Bonds
Yield 6.67%
Tax Equivalent Yield 7.02%
Corporate Bonds
Yield 7.44%
</TABLE>
*COMPARES TRUST AS OF 08/26/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 08/25/97. 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1996D, 5.50% Due 11/15/25. 2006 at 101
250,000 E-470 Public Highway Authority (Colorado), Senior Revenue Bonds, Series AAA Aaa
1997B, 0.00% Due 9/1/22. (Original issue discount bonds delivered on or
about August 27, 1997 at a price of 25.617% of principal amount.) No Optional
Call
500,000 City of Chicago (Illinois), Skyway Toll Bridge Revenue Bonds, Series 1996, AAA Aaa
5.50% Due 1/1/23. 2007 at 102
500,000 The Board of Trustees of the University of Illinois, University of Illinois AAA Aaa
Auxiliary Facilities System Revenue Bonds, Series 1996, 5.60% Due 10/1/22. 2006 at 102
100,000 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 1996 Series B, 5.75% Due 6/15/26.
(Original issue discount bonds delivered on or about May 16, 1996 at a
price of 93.892% of principal amount.) 2006 at 101
500,000 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
500,000 Tyler Health Facilities Development Corporation, Hospital Revenue Bonds AAA Aaa
(East Texas Medical Center Regional Healthcare System Project), Series
1997B, 5.60% Due 11/1/27. 2007 at 102
400,000 Port of Seattle, Washington, Revenue Bonds, Series 1996A, 5.50% Due 9/1/21. AAA Aaa
(Original issue discount bonds delivered on or about April 18, 1996 at a
price of 94.763% of principal amount.) 2006 at 101
750,000 The City of Tacoma, Washington, Limited Tax General Obligation Bonds, AAA Aaa
Series 1997A, 5.625% Due 12/1/22. 2007 at 100
500,000 Wisconsin Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Series 1996 (The Medical College of Wisconsin, Inc. Project), 5.40% Due
12/1/16. 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 5,000,000 TOTAL 11 BONDS FROM 7 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 08/26/97.
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 $ 100.85 4.90 % 5.01% 5.05% 5.04% 5.08% 5.06% 5.10 %
500 / $50,000 100.69 4.75 5.02 5.06 5.05 5.09 5.07 5.11
1,000 / $100,000 100.43 4.50 5.03 5.08 5.07 5.11 5.08 5.13
2,500 / $250,000 100.17 4.25 5.05 5.10 5.08 5.13 5.10 5.15
5,000 / $500,000 99.39 3.50 5.09 5.15 5.12 5.18 5.14 5.20
10,000 / $1,000,000 98.88 3.00 5.11 5.19 5.15 5.22 5.16 5.24
25,000 / $2,500,000 98.37 2.50 5.14 5.23 5.17 5.26 5.19 5.28
50,000 / $5,000,000 97.87 2.00 5.17 5.26 5.20 5.29 5.22 5.31
</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>
5.01 % 6.96% 7.26% 7.83% 8.29%
5.02 6.97 7.28 7.84 8.31
5.03 6.99 7.29 7.86 8.33
5.05 7.01 7.32 7.89 8.36
5.09 7.07 7.38 7.95 8.43
5.11 7.10 7.41 7.98 8.46
5.14 7.14 7.45 8.03 8.51
5.17 7.18 7.49 8.08 8.56
</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
10/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 10/15/97 $ .4773
Monthly plan 11/15/97 .4212 $ 5.0555
Quarterly plan 11/15/97 .4239
2/15/98 1.2717 5.0875
Semi-annual plan 11/15/97 .4254
5/15/98 2.5524 5.1065
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.92 = 99.088
investment offering price # of units
(as of and accrued purchased
08/26/97) interest
99.088 X $5.0555 = $500.94
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN PENNSYLVANIA NUVEEN
INSURED UNIT TRUST 227 957
- --------------------------------------------------------------------------------
<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: August 27, 1997
5.00 - 5.20%
ESTIMATED LONG-TERM RETURN:
5.01 - 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 27.4 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.34 to $99.32 depending on the purchase amount
Cusip 6706H7 250 monthly payment plan
Numbers 6706H7 268 quarterly payment plan
6706H7 276 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 Pennsylvania
</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)
2021-22 28.6%
2023-24 14.3%
2025-26 28.6%
2027+ 28.5%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 08/26/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.00%
Tax Equivalent Yield 8.06%
Treasury Bonds
Yield 6.67%
Tax Equivalent Yield 6.86%
Corporate Bonds
Yield 7.44%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 08/26/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 08/25/97. ASSUMES 38.0%
FEDERAL AND STATE INCOME TAX RATE AND A 2.8% 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 PENNSYLVANIA 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 Allegheny County Hospital Development Authority (Pennsylvania), Health 2005 at 102 AAA Aaa
Center Revenue Bonds, Series of 1995 (University of Pittsburgh Medical
Center System), 5.375% Due 12/1/25.
500,000 Allegheny County Sanitary Authority, Allegheny County, Pennsylvania, Sewer 2007 at 102 AAA Aaa
Revenue Bonds, Series of 1997, 5.375% Due 12/1/24.
500,000 Dauphin County General Authority (Pennsylvania), Health System Revenue 2007 at 101 AAA Aaa
Bonds, Series of 1997 (Pinnacle Health System Project), 5.50% Due 5/15/27.
500,000 Jim Thorpe Area School District (Carbon County, Pennsylvania), General 2007 at 100 AAA Aaa
Obligation Bonds, Series A of 1997, 5.375% Due 3/15/27.
500,000 New Kensington-Arnold School District (Westmoreland County, Pennsylvania), 2007 at 100 AAA Aaa
General Obligation Bonds, Series of 1997, 5.50% Due 5/15/26.
500,000 University of Pittsburgh - Of the Commonwealth System of Higher Education 2007 at 102 AAA Aaa
(Pennsylvania), University Refunding Bonds, Series B of 1997, 5.00% Due
6/1/21.
500,000 Southeastern Pennsylvania Transportation Authority, Special Revenue Bonds, 2007 at 102 AAA Aaa
Series of 1997, 5.375% Due 3/1/22.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM PENNSYLVANIA.
</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 08/26/97.
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 $ 102.34 4.90 % 5.00% 5.01% 5.03% 5.05% 5.05% 5.07 %
500 / $50,000 102.18 4.75 5.01 5.02 5.04 5.06 5.06 5.08
1,000 / $100,000 101.92 4.50 5.02 5.04 5.05 5.08 5.07 5.10
2,500 / $250,000 101.65 4.25 5.03 5.05 5.06 5.09 5.08 5.11
5,000 / $500,000 100.86 3.50 5.07 5.11 5.10 5.15 5.12 5.17
10,000 / $1,000,000 100.34 3.00 5.10 5.15 5.13 5.19 5.15 5.21
25,000 / $2,500,000 99.83 2.50 5.12 5.18 5.15 5.22 5.17 5.24
50,000 / $5,000,000 99.32 2.00 5.15 5.22 5.18 5.26 5.20 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 30.0% 33.0% 38.0% 41.5%
<C> <S> <C> <C> <C> <C>
5.00 % 7.14% 7.46% 8.06% 8.55 %
5.01 7.16 7.48 8.08 8.56
5.02 7.17 7.49 8.10 8.58
5.03 7.19 7.51 8.11 8.60
5.07 7.24 7.57 8.18 8.67
5.10 7.29 7.61 8.23 8.72
5.12 7.31 7.64 8.26 8.75
5.15 7.36 7.69 8.31 8.80
</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
10/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial payment
(all plans) 10/15/97 $ .4828
Monthly plan 11/15/97 .4260 $ 5.1142
Quarterly plan 11/15/97 .4287
2/15/98 1.2861 5.1462
Semi-annual plan 11/15/97 .4302
5/15/98 2.5812 5.1652
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.41 = 97.646
investment offering price # of units
(as of and accrued purchased
08/26/97) interest
97.646 X $5.1142 = $499.38
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
