<PAGE>
NUVEEN
NUVEEN INTERMEDIATE
INSURED UNIT TRUST 83 848
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.11 - 4.24% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
3.99 - 4.28% - Diversified Portfolios
DATE OF DEPOSIT: February 23, 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 $5,000,000 in 50,000 units
Average Life 10.0 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.05 to $100.07 depending on the purchase
amount
Cusip 67093J 220 monthly payment plan
Numbers 67093J 238 quarterly payment plan
67093J 246 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>
Arizona 4.0 % California 10.4 % Florida 7.7 %
Massachusetts 16.5 Michigan 11.3 Oregon 10.7
Pennsylvania 10.9 Tennessee 4.8 Texas 10.4
Washington 13.3
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2005 33.2%
2006 66.8%
%
%
%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 02/22/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 6.42%
Tax Equivalent Yield 4.11%
Treasury Bonds
Pre-Tax 6.22%
Tax Equivalent Yield 5.91%
Corporate Bonds
Yield 6.27%
</TABLE>
*COMPARES TRUST WITH 10-YEAR TREASURY NOTES AND LEHMAN BROTHERS INVESTMENT
GRADE CORPORATE BOND INDEX WITH A MATURITY OF 12.36 YEARS. ASSUMES 36% FEDERAL
AND 5% STATE INCOME TAX RATES. TREASURY NOTES ARE SUBJECT TO FEDERAL BUT NOT
STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH. TREASURY
NOTES, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT. THE
LEHMAN BROTHERS INVESTMENT GRADE 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>
----------------------------------------------------------------------------------------------------------------
$ 190,000 Refunding Certificates of Participation, Series 8 (University of Arizona AAA Aaa
Foundation), 4.70% Due 8/1/06. No Optional
Call
500,000 California State University Institute, Lease Revenue Bonds (CSU Deferred AAA Aaa
Maintenance Projects), Series 1996, 4.60% Due 6/1/06. (When issued.) 2005 at 102
375,000 Summit School District RE-1, Summit County, Colorado, General Obligation AAA Aaa
Refunding and Improvement Bonds, Series 1996A, 0.00% Due 12/1/05. (Original
issue discount bonds delivered on or about February 15, 1996 at a price of
62.241% of principal amount.) No Optional
Call
400,000 City of Palm Bay, Florida, Limited Ad Valorem Tax Bonds, Series 1996, 4.25% AAA Aaa
Due 3/1/06. (General Obligation Bonds.) (When issued.) No Optional
Call
210,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1995 Series AAA Aaa
B, 5.00% Due 12/1/06. No Optional
Call
500,000 Massachusetts Municipal Wholesale Electric Company, Power Supply System AAA Aaa
Revenue Bonds, 1993 Series A, 5.10% Due 7/1/06. No Optional
Call
500,000 Kent Hospital Finance Authority (Michigan), Hospital Revenue Refunding AAA Aaa
Bonds (Butterworth Hospital), Series 1993A, 5.00% Due 1/15/06. No Optional
Call
500,000 Oregon Health Sciences University, Insured Revenue Bonds, 1995 Series B, No Optional AAA Aaa
Call
185M-4.70% Due 7/1/05,
315M-4.75% Due 7/1/06.
500,000 City of Pittsburgh (Commonwealth of Pennsylvania), General Obligation AAA Aaa
Refunding Bonds, Series B of 1995, 4.80% Due 3/1/06. 2005 at 100
225,000 Weakley County, Tennessee, School Bonds, Series 1996, 4.70% Due 5/1/06. AAA Aaa
(General Obligation Bonds.) 2005 at 100
500,000 City of Weatherford, Texas (Parker County), Utility System Revenue AAA Aaa
Refunding Bonds, Series 1996, 4.60% Due 9/1/05. (When issued.) 2004 at 100
600,000 Washington Public Power Supply System, Nuclear Project No. 2 Refunding AAA Aaa
Revenue Bonds, Series 1994A, 4.90% Due 7/1/05. No Optional
Call
----------------------------------------------------------------------------------------------------------------
$ 5,000,000 TOTAL 12 BONDS FROM 11 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 02/22/96.
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 $.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 $ 102.05 3.90 % 4.11% 3.99% 4.14% 4.02% 4.16% 4.04 %
500 / $50,000 101.84 3.70 4.12 4.01 4.15 4.04 4.17 4.06
1,000 / $100,000 101.63 3.50 4.13 4.04 4.16 4.07 4.18 4.09
2,500 / $250,000 101.36 3.25 4.14 4.06 4.17 4.09 4.19 4.11
5,000 / $500,000 101.10 3.00 4.15 4.10 4.18 4.13 4.20 4.15
10,000 / $1,000,000 100.84 2.75 4.16 4.13 4.19 4.16 4.21 4.18
25,000 / $2,500,000 100.58 2.50 4.17 4.17 4.20 4.20 4.22 4.22
50,000 / $5,000,000 100.07 2.00 4.19 4.23 4.23 4.26 4.24 4.28
</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
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
4.11 % 5.71% 5.96% 6.42% 6.80%
4.12 5.72 5.97 6.44 6.82
4.13 5.74 5.99 6.45 6.84
4.14 5.75 6.00 6.47 6.85
4.15 5.76 6.01 6.48 6.87
4.16 5.78 6.03 6.50 6.89
4.17 5.79 6.04 6.52 6.90
4.19 5.82 6.07 6.55 6.94
</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 $ .4427
Monthly plan 5/15/96 .3495 $ 4.1964
Quarterly plan 5/15/96 .3522
8/15/96 1.0566 4.2284
Semi-annual plan 5/15/96 .3537
11/15/96 2.1222 4.2474
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.11 = 97.933
investment offering price # of units
(as of and accrued purchased
02/22/96) interest
97.933 X $4.1964 = $410.97
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN CALIFORNIA
INSURED UNIT TRUST 261 848
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.88 - 5.08% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.91 - 5.17% - Diversified Portfolios
DATE OF DEPOSIT: February 23, 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 $4,000,000 in 40,000 units
Average Life 26.0 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.61 to $98.60 depending on the purchase amount
Cusip 67064W 523 monthly payment plan
Numbers 67064W 531 quarterly payment plan
67064W 549 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)
2014-16 2.5%
2017-19 25.0%
2020-2022 38.7%
2023+ 33.8%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 02/22/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.41%
Tax Equivalent Yield 4.88%
Treasury Bonds
Pre-Tax 7.00%
Tax Equivalent Yield 6.35%
Corporate Bonds
Yield 6.92%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 42% FEDERAL AND STATE INCOME TAX RATE
AND A 9.3% 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 California Statewide Communities Development Authority, Certificates of 2005 at 102 AAA Aaa
Participation (Sutter Health Obligated Group), 5.50% Due 8/15/22. (Original
issue discount bonds delivered on or about July 18, 1995 at a price of
92.464% of principal amount.)
500,000 Cathedral City (California), Public Financing Authority, 1995 Tax 2005 at 102 AAA Aaa
Allocation Revenue Bonds, Series A (Cathedral City Redevelopment Projects),
5.50% Due 8/1/17.
500,000 Contra Costa Water District (Contra Costa County, California), Water 2004 at 102 AAA Aaa
Revenue Bonds, Series G, 5.50% Due 10/1/19. (Original issue discount bonds
delivered on or about September 7, 1994 at a price of 90.795% of principal
amount.)
115,000 City of Industry, California, General Obligation Bonds, Issue of 1995, 2005 at 102 AAA Aaa
5.875% Due 7/1/25. 1/2
525,000 Los Angeles County Metropolitan Transportation Authority (California), 2005 at 100 AAA Aaa
Proposition C Sales Tax Revenue Bonds, Second Senior Bonds, Series 1995-A,
5.00% Due 7/1/25. (Original issue discount bonds delivered on or about July
26, 1995 at a price of 88.18% of principal amount.)
200,000 Sacramento Area Flood Control Agency (California), North Area Local 2005 at 102 AAA Aaa
Project, Capital Assessment District No. 2 Bonds, Series 1995, 5.375% Due
10/1/25.
100,000 Southern California Public Power Authority, Transmission Project Revenue No Optional AAA Aaa
Bonds, 1988 Refunding Series A, 0.00% Due 7/1/14. (Original issue discount Call
bonds delivered on or about November 22, 1988 at a price of 15.943% of
principal amount.)(Escrow Secured.)
510,000 Thousand Oaks Redevelopment Agency (Ventura County, California), Thousand 2005 at 102 AAA Aaa
Oaks Boulevard Redevelopment Project, 1995 Tax Allocation Refunding Bonds,
5.375% Due 12/1/25. (Original issue discount bonds delivered on or about
November 21, 1995 at a price of 94.257% of principal amount.)
525,000 City of Walnut Creek, California, Certificates of Participation, Refunding 2004 at 102 AAA Aaa
Series 1994 (John Muir Medical Center), 5.00% Due 2/15/20. (Original issue
discount bonds delivered on or about February 17, 1994 at a price of
94.047% of principal amount.)
525,000 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.)
----------------------------------------------------------------------------------------------------------------
$ 4,000,000 TOTAL 10 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 02/22/96.
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 $.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 $ 101.61 4.90 % 4.88% 4.91% 4.91% 4.94% 4.93% 4.96 %
500 / $50,000 101.45 4.75 4.89 4.92 4.92 4.95 4.94 4.97
1,000 / $100,000 101.18 4.50 4.90 4.94 4.93 4.97 4.95 4.99
2,500 / $250,000 100.92 4.25 4.91 4.96 4.94 4.99 4.96 5.01
5,000 / $500,000 100.13 3.50 4.95 5.02 4.98 5.05 5.00 5.06
10,000 / $1,000,000 99.62 3.00 4.98 5.05 5.01 5.08 5.03 5.10
25,000 / $2,500,000 99.11 2.50 5.00 5.09 5.03 5.12 5.05 5.14
50,000 / $5,000,000 98.60 2.00 5.03 5.12 5.06 5.15 5.08 5.17
</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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
4.88 % 7.45% 7.81% 8.41% 8.87%
4.89 7.47 7.82 8.43 8.89
4.90 7.48 7.84 8.45 8.91
4.91 7.50 7.86 8.47 8.93
4.95 7.56 7.92 8.53 9.00
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
</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 $ .5228
Monthly plan 5/15/96 .4128 $ 4.9569
Quarterly plan 5/15/96 .4155
8/15/96 1.2465 4.9889
Semi-annual plan 5/15/96 .4173
11/15/96 2.5038 5.0079
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.68 = 98.347
investment offering price # of units
(as of and accrued purchased
02/22/96) interest
98.347 X $4.9569 = $487.50
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MASSACHUSETTS
INSURED UNIT TRUST 133 848
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.93 - 5.13% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.95 - 5.21% - Diversified Portfolios
DATE OF DEPOSIT: February 23, 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 26.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.58 to $99.54 depending on the purchase amount
Cusip 670947 589 monthly payment plan
Numbers 670947 597 quarterly payment plan
670947 605 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 Massachusetts
</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)
2012-15 10.0%
2016-19 0.0%
2020-23 45.0%
2024+ 45.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 02/22/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.73%
Tax Equivalent Yield 4.93%
Treasury Bonds
Pre-Tax 7.22%
Tax Equivalent Yield 6.35%
Corporate Bonds
Yield 6.92%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 43.5% FEDERAL AND STATE INCOME TAX
RATE AND A 12.00% 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>
----------------------------------------------------------------------------------------------------------------
$ 300,000 The Commonwealth of Massachusetts, General Obligation Bonds, Consolidated 2004 at 102 AAA Aaa
Loan of 1994, Series A, 5.00% Due 1/1/12.
450,000 Massachusetts Bay Transportation Authority, General Transportation System 2005 at 101 AAA Aaa
Bonds, 1995 Series B, 5.375% Due 3/1/25. (Original issue discount bonds
delivered on or about October 3, 1995 at a price of 92.994% of principal
amount.)(General Obligation Bonds.)
450,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
New England Medical Center Hospitals Issue, Series G-1, 5.375% Due 7/1/24.
450,000 Massachusetts Industrial Finance Agency Revenue Bonds, Phillips Academy 2008 at 102 AAA Aaa
Issue, Series 1993, 5.375% Due 9/1/23.
450,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1993 Series 2004 at 102 AAA Aaa
C, 5.25% Due 12/1/20. (Original issue discount bonds delivered on or about
December 2, 1993 at a price of 92.799% of principal amount.)
450,000 South Essex Sewerage District, Massachusetts, General Obligation Sewer 2006 at 102 AAA Aaa
Bonds, 1996 Series A, 5.25% Due 6/15/24. (When issued.)
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 7 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 02/22/96.
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 $.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 $ 102.58 4.90 % 4.93% 4.95% 4.96% 4.98% 4.98% 5.00 %
500 / $50,000 102.41 4.75 4.94 4.96 4.97 4.99 4.99 5.01
1,000 / $100,000 102.15 4.50 4.95 4.98 4.98 5.01 5.00 5.03
2,500 / $250,000 101.88 4.25 4.96 5.00 5.00 5.03 5.02 5.05
5,000 / $500,000 101.09 3.50 5.00 5.06 5.04 5.08 5.05 5.11
10,000 / $1,000,000 100.57 3.00 5.03 5.09 5.06 5.12 5.08 5.14
25,000 / $2,500,000 100.05 2.50 5.06 5.13 5.09 5.16 5.11 5.18
50,000 / $5,000,000 99.54 2.00 5.08 5.16 5.11 5.19 5.13 5.21
</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 36.5% 39.5% 43.5% 47.0%
<C> <S> <C> <C> <C> <C>
4.93 % 7.76% 8.15% 8.73% 9.30%
4.94 7.78 8.17 8.74 9.32
4.95 7.80 8.18 8.76 9.34
4.96 7.81 8.20 8.78 9.36
5.00 7.87 8.26 8.85 9.43
5.03 7.92 8.31 8.90 9.49
5.06 7.97 8.36 8.96 9.55
5.08 8.00 8.40 8.99 9.58
</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 $ .5339
Monthly plan 5/15/96 .4215 $ 5.0583
Quarterly plan 5/15/96 .4239
8/15/96 1.2717 5.0903
Semi-annual plan 5/15/96 .4257
11/15/96 2.5542 5.1093
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.65 = 97.418
investment offering price # of units
(as of and accrued purchased
02/22/96) interest
97.418 X $5.0583 = $492.77
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW YORK
INSURED UNIT TRUST 246 848
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.00 - 5.20% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.99 - 5.25% - Diversified Portfolios
DATE OF DEPOSIT: February 23, 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 $3,500,000 in 35,000 units
Average Life 25.0 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $103.08 to $100.03 depending on the purchase
amount
Cusip 67101K 672 monthly payment plan
Numbers 67101K 680 quarterly payment plan
67101K 698 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)
2013-16 17.2%
2017-20 28.5%
2021-24 28.6%
2025-28 11.4%
2029+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 02/22/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.40%
Tax Equivalent Yield 5.00%
Treasury Bonds
Pre-Tax 6.84%
Tax Equivalent Yield 6.35%
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 40.5% FEDERAL AND STATE INCOME TAX
RATE AND A 7.125% 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 The Port Authority of New York and New Jersey, Consolidated Bonds, One 2005 at 101 AAA Aaa
Hundredth Series, 5.75% Due 6/15/30.
500,000 Dormitory Authority of the State of New York, Revenue Bonds, Upstate 2004 at 102 AAA Aaa
Community Colleges, Series 1994A, 5.625% Due 7/1/14.
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 New York State Medical Care Facilities Finance Agency, Mental Health 2004 at 102 AAA Aaa
Services Facilities Improvement Revenue Bonds, 1993 Series F Refunding,
5.25% Due 2/15/19. (Original issue discount bonds delivered on or about
January 5, 1994 at a price of 93.77% of principal amount.)(General
Obligation Bonds.)
500,000 New York State Urban Development Corporation, Correctional Capital 2004 at 102 AAA Aaa
Facilities Revenue Bonds, 1993A Refunding Series, 5.25% Due 1/1/21.
(Original issue discount bonds delivered on or about January 4, 1994 at a
price of 92.542% of principal amount.)
100,000 The City of New York (New York), General Obligation Bonds, Fiscal 1994 No Optional AAA Aaa
Series A, Subseries A-2, 0.00% Due 8/1/13. (Original issue discount bonds Call
delivered on or about August 2, 1993 at a price of 30.959% of principal
amount.)
400,000 The City of New York (New York), General Obligation Bonds, Fiscal 1996 2006 at 101 AAA Aaa
Series F, 6.125% Due 2/1/25. 1/2
500,000 New York City (New York), Municipal Water Finance Authority, Water and 2004 at 101 AAA Aaa
Sewer System Revenue Bonds, Fixed Rate Fiscal 1994 Series B, 5.50% Due
6/15/19.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 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 02/22/96.
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 $.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 $ 103.08 4.90 % 5.00% 4.99% 5.03% 5.02% 5.05% 5.04 %
500 / $50,000 102.92 4.75 5.01 4.99 5.04 5.02 5.06 5.04
1,000 / $100,000 102.65 4.50 5.02 5.02 5.05 5.05 5.07 5.07
2,500 / $250,000 102.38 4.25 5.03 5.03 5.07 5.06 5.08 5.08
5,000 / $500,000 101.59 3.50 5.07 5.09 5.11 5.12 5.12 5.14
10,000 / $1,000,000 101.06 3.00 5.10 5.13 5.13 5.16 5.15 5.18
25,000 / $2,500,000 100.54 2.50 5.13 5.16 5.16 5.19 5.18 5.22
50,000 / $5,000,000 100.03 2.00 5.15 5.20 5.19 5.23 5.20 5.25
</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 33.0% 36.0% 40.5% 44.0%
<C> <S> <C> <C> <C> <C>
5.00 % 7.46% 7.81% 8.40% 8.93%
5.01 7.48 7.83 8.42 8.95
5.02 7.49 7.84 8.44 8.96
5.03 7.51 7.86 8.45 8.98
5.07 7.57 7.92 8.52 9.05
5.10 7.61 7.97 8.57 9.11
5.13 7.66 8.02 8.62 9.16
5.15 7.69 8.05 8.66 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
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 $ .5437
Monthly plan 5/15/96 .4293 $ 5.1546
Quarterly plan 5/15/96 .4320
8/15/96 1.2960 5.1866
Semi-annual plan 5/15/96 .4338
11/15/96 2.6028 5.2056
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 103.15 = 96.946
investment offering price # of units
(as of and accrued purchased
02/22/96) interest
96.946 X $5.1546 = $499.72
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
