<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 313 847
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.90 - 5.10% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.90 - 5.16% - Diversified Portfolios
DATE OF DEPOSIT: February 16, 1996 - Top-Rated 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 income tax but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $10,000,000 in 100,000 units
Average Life 27.8 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.06 to $97.10 depending on the purchase amount
Cusip 6710A4 587 monthly payment plan
Numbers 6710A4 595 quarterly payment plan
6710A4 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 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 11.5 % Iowa 10.5 % Illinois 19.7 %
Indiana 24.8 Louisiana 2.1 Ohio 10.7
Pennsylvania 10.5 Washington 10.2
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2018-20 2.0%
2021-23 48.0%
2024+ 50.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 02/15/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 7.66%
Tax Equivalent Yield 4.90%
Treasury Bonds
Pre-Tax 6.48%
Tax Equivalent Yield 6.16%
Corporate Bonds
Yield 6.92%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. 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. THE LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED AS OF 1/31/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 1,000,000 City of Industry, California, General Obligation Bonds, Issue of 1995, AAA Aaa
5.875% Due 7/1/25. 2005 at 102
1/2
1,000,000 Regional Transportation Authority (Cook, DuPage, Kane, Lake, McHenry and AAA Aaa
Will Counties, Illinois), General Obligation Refunding Bonds, Series 1996,
5.60% Due 6/1/25. 2005 at 102
800,000 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
1,500,000 Indiana Health Facility Financing Authority, Hospital Revenue Refunding and AAA Aaa
Improvement Bonds, Series 1995 (Community Hospitals Projects), 5.70% Due
5/15/22. 2006 at 102
800,000 The Board of Trustees for the Vincennes University (Indiana), Vincennes AAA Aaa
University Housing and Dining System Revenue Bonds, Series 1996, 5.125% Due
10/1/21. (Original issue discount bonds will be delivered on or about
February 21, 1996 at a price of 93.831% of principal amount.)(When issued.) 2006 at 102
1,000,000 Iowa Finance Authority, Private College Refunding Revenue Bonds (Drake AAA Aaa
University Project), Series 1996, 5.40% Due 12/1/21. (When issued.) 2005 at 102
200,000 Ernest N. Morial-New Orleans (Louisiana), Exhibition Hall Authority, AAA Aaa
Special Tax Bonds, Series 1996-C, 5.50% Due 7/15/18. 2006 at 101
1,000,000 County of Mahoning, Ohio, Hospital Improvement Revenue Bonds, Series 1995 AAA Aaa
(Western Reserve Care System Project), 5.50% Due 10/15/25. 2005 at 102
1,000,000 Allegheny County Hospital Development Authority (Pennsylvania), Health AAA Aaa
Center Revenue Bonds, Series of 1995 (University of Pittsburgh Medical
Center System), 5.375% Due 12/1/25. 2005 at 102
1,000,000 The City of Seattle, Washington, Drainage and Wastewater Utility AAA Aaa
Improvement and Refunding Revenue Bonds, 1995, 5.25% Due 12/1/25. 2005 at 102
700,000 Wisconsin Center District, Senior Dedicated Tax Revenue Bonds, Series AAA Aaa
1996A, 0.00% Due 12/15/22. (Original issue discount bonds delivered on or
about February 1, 1996 at a price of 21.515% of principal amount.) No Optional
Call
----------------------------------------------------------------------------------------------------------------
$10,000,000 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 02/15/96.
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 $.08. 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 $ 100.06 4.90 % 4.90% 4.90% 4.93% 4.93% 4.95% 4.95 %
500 / $50,000 99.91 4.75 4.90 4.91 4.93 4.94 4.95 4.96
1,000 / $100,000 99.64 4.50 4.92 4.93 4.95 4.96 4.97 4.98
2,500 / $250,000 99.38 4.25 4.93 4.95 4.96 4.98 4.98 5.00
5,000 / $500,000 98.61 3.50 4.97 5.00 5.00 5.03 5.02 5.05
10,000 / $1,000,000 98.10 3.00 4.99 5.04 5.03 5.07 5.05 5.09
25,000 / $2,500,000 97.60 2.50 5.02 5.07 5.05 5.10 5.07 5.12
50,000 / $5,000,000 97.10 2.00 5.04 5.11 5.08 5.14 5.10 5.16
</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>
4.90 % 6.81% 7.10% 7.66% 8.11%
4.90 6.81 7.10 7.66 8.11
4.92 6.83 7.13 7.69 8.15
4.93 6.85 7.14 7.70 8.16
4.97 6.90 7.20 7.77 8.23
4.99 6.93 7.23 7.80 8.26
5.02 6.97 7.28 7.84 8.31
5.04 7.00 7.30 7.88 8.34
</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
04/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 4/15/96 $ .6120
Monthly plan 5/15/96 .4080 $ 4.8984
Quarterly plan 5/15/96 .4107
8/15/96 1.2321 4.9304
Semi-annual plan 5/15/96 .4122
11/15/96 2.4732 4.9494
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.14 = 99.860
investment offering price # of units
(as of and accrued purchased
02/15/96) interest
99.860 X $4.8984 = $489.15
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN ARIZONA
INSURED UNIT TRUST 44 847
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.63 - 4.82% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.56 - 4.85% - Diversified Portfolios
DATE OF DEPOSIT: February 16, 1996 - Top-Rated 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 $3,000,000 in 30,000 units
Average Life 19.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $103.39 to $100.33 depending on the purchase
amount
Cusip 67101J 618 monthly payment plan
Numbers 67101J 626 quarterly payment plan
67101J 634 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 Arizona
</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)
2009-11 11.0%
2012-14 44.0%
2015-17 15.0%
2018-20 0.0%
2021+ 30.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 02/15/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 7.65%
Tax Equivalent Yield 4.63%
Treasury Bonds
Pre-Tax 6.50%
Tax Equivalent Yield 6.16%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 6.92%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 39.5% FEDERAL AND STATE INCOME TAX
RATE AND A 5.2% 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.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 1/31/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 450,000 Arizona State University Research Park, Development Refunding Bonds, Series 2006 at 100 AAA Aaa
1995, 5.00% Due 7/1/21.
450,000 The Industrial Development Authority of the County of Maricopa, Arizona, 2004 at 102 AAA Aaa
Insured Health Facility Refunding Revenue Bonds (Catholic Healthcare West),
1994 Series A, 5.00% Due 7/1/15.
330,000 City of Phoenix Civic Improvement Corporation (Arizona), Wastewater System 2004 at 102 AAA Aaa
Lease Revenue Refunding Bonds, Series 1993, 5.00% Due 7/1/11.
70,000 City of Phoenix, Arizona, Junior Lien Street and Highway User, Revenue No Optional AAA Aaa
Refunding Bonds, Series 1992A, 0.00% Due 7/1/12. (Original issue discount Call
bonds delivered on or about January 6, 1993 at a price of 28.482% of
principal amount.)
450,000 The Industrial Development Authority of the County of Pima, Arizona, Health No Optional AAA Aaa
Care System Revenue Bonds, Carondelet Health Care Corporation of Arizona Call
Issue, Series 1993, 5.25% Due 7/1/13.
370,000 Tucson Unified School District No. 1 of Pima County, Arizona, School 2004 at 101 AAA Aaa
Improvement Bonds, Project of 1989, Series E (1993), 5.40% Due 7/1/13.
(General Obligation Bonds.)
430,000 Salt River Project Agricultural Improvement and Power District, Arizona, 2004 at 102 AAA Aaa
Salt River Project Electric System Refunding Revenue Bonds, 1993 Series C,
5.00% Due 1/1/13.
450,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General 2005 at 101 AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds 1/2
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)
----------------------------------------------------------------------------------------------------------------
$ 3,000,000 TOTAL 8 BONDS
</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 02/15/96.
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 $.08. 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 $ 103.39 4.90 % 4.63% 4.56% 4.66% 4.59% 4.68% 4.61 %
500 / $50,000 103.22 4.75 4.64 4.57 4.67 4.60 4.69 4.62
1,000 / $100,000 102.95 4.50 4.65 4.60 4.68 4.63 4.70 4.65
2,500 / $250,000 102.68 4.25 4.66 4.61 4.69 4.64 4.71 4.66
5,000 / $500,000 101.89 3.50 4.70 4.68 4.73 4.71 4.75 4.73
10,000 / $1,000,000 101.36 3.00 4.72 4.72 4.75 4.75 4.77 4.77
25,000 / $2,500,000 100.84 2.50 4.75 4.76 4.78 4.79 4.80 4.81
50,000 / $5,000,000 100.33 2.00 4.77 4.80 4.80 4.83 4.82 4.85
</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 31.0% 34.5% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
4.63 % 6.71% 7.07% 7.65% 8.12%
4.64 6.72 7.08 7.67 8.14
4.65 6.74 7.10 7.69 8.16
4.66 6.75 7.11 7.70 8.18
4.70 6.81 7.18 7.77 8.25
4.72 6.84 7.21 7.80 8.28
4.75 6.88 7.25 7.85 8.33
4.77 6.91 7.28 7.88 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
04/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 4/15/96 $ .5980
Monthly plan 5/15/96 .3987 $ 4.7865
Quarterly plan 5/15/96 .4014
8/15/96 1.2042 4.8185
Semi-annual plan 5/15/96 .4029
11/15/96 2.4174 4.8375
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 103.47 = 96.646
investment offering price # of units
(as of and accrued purchased
02/15/96) interest
96.646 X $4.7865 = $462.60
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
