<PAGE>
NUVEEN
NUVEEN SHORT INTERMEDIATE
INSURED UNIT TRUST 45 850
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
3.75 - 3.85% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
3.38 - 3.77% - Diversified Portfolios
DATE OF DEPOSIT: March 7, 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 4.9 years
Call Protection There are no ordinary optional calls
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.05 to $100.50 depending on the purchase
amount
Cusip 6710A0 643 monthly payment plan
Numbers 6710A0 650 quarterly payment plan
6710A0 668 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>
Illinois 18.5 % Massachusetts 6.1 % Michigan 17.1 %
Minnesota 2.1 Missouri 10.1 New Jersey 11.1
Nevada 5.6 Oklahoma 16.1 Pennsylvania 10.9
Virginia 2.4
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2000 39%
2001 61%
There are no ordinary optional calls
</TABLE>
<PAGE>
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>
----------------------------------------------------------------------------------------------------------------
$ 375,000 Phoenix Union High School District No. 210 of Maricopa County, Arizona, AAA Aaa
Refunding Bonds, Series 1993, 0.00% Due 7/1/01. (Original issue discount
bonds delivered on or about July 8, 1993 at a price of 65.871% of principal
amount.)(General Obligation Bonds.) No Optional
Call
500,000 Chicago School Finance Authority, Illinois, General Obligation School AAA Aaa
Financing Bonds, Series 1994A, 4.50% Due 6/1/00. No Optional
Call
350,000 State of Illinois, Build Illinois Bonds (Sales Tax Revenue Bonds), Series AAA Aaa
S, 4.30% Due 6/15/01. No Optional
Call
250,000 Massachusetts Bay Transportation Authority, General Transportation System AAA Aaa
Bonds, 1993 Series A Refunding, 4.90% Due 3/1/01. (General Obligation
Bonds.) No Optional
Call
500,000 State Building Authority, State of Michigan, 1996 Revenue Bonds, Series I AAA Aaa
(Facilities Program), No Optional
Call
100M-4.00% Due 10/1/00,
400M-4.125% Due 10/1/01.
(When issued.)
350,000 South Lyon Community Schools, Counties of Oakland, Washtenaw and AAA Aaa
Livingston, State of Michigan, 1996 Technology Bonds, 4.00% Due 5/1/01.
(General Obligation Bonds.) No Optional
Call
100,000 Minnesota Higher Education Facilities Authority, Revenue Bonds, Series AAA Aaa
Four-A1 (University of St. Thomas), 4.30% Due 10/1/00. (When issued.) No Optional
Call
500,000 Health and Education Facilities Authority of the State of Missouri, AAA Aaa
Educational Facilities Revenue Bonds (Saint Louis University), Series 1996,
4.10% Due 10/1/00. (When issued.) No Optional
Call
225,000 Airport Authority of Washoe County, Reno, Nevada, Airport Revenue Refunding AAA Aaa
Bonds, Series 1993B, 5.00% Due 7/1/01. No Optional
Call
500,000 New Jersey Transportation Trust Fund Authority, Transportation System AAA Aaa
Bonds, 1996 Series A, 4.50% Due 12/15/00. (General Obligation Bonds.) No Optional
Call
750,000 Tulsa Industrial Authority (Oklahoma), Hospital Revenue and Refunding Bonds AAA Aaa
(St. John Medical Center Project), Series 1996, No Optional
Call
250M-4.25% Due 2/15/00,
500M-4.40% Due 2/15/01.
(When issued.)
500,000 City of Philadelphia, Pennsylvania, Gas Works Revenue Bonds, Fifteenth AAA Aaa
Series, 4.40% Due 8/1/01. No Optional
Call
100,000 City of Richmond, Virginia, General Obligation Public Improvement Refunding AAA Aaa
Bonds, Series 1993A, 4.80% Due 1/15/01. No Optional
Call
----------------------------------------------------------------------------------------------------------------
$ 5,000,000 TOTAL 13 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 03/06/96.
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 $.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 $ 102.05 3.00 % 3.75% 3.38% 3.78% 3.41% 3.80% 3.43 %
500 / $50,000 101.84 2.80 3.75 3.43 3.79 3.46 3.80 3.48
1,000 / $100,000 101.63 2.60 3.76 3.47 3.79 3.50 3.81 3.52
2,500 / $250,000 101.37 2.35 3.77 3.52 3.80 3.55 3.82 3.57
5,000 / $500,000 101.11 2.10 3.78 3.59 3.81 3.62 3.83 3.64
10,000 / $1,000,000 100.86 1.85 3.79 3.63 3.82 3.66 3.84 3.68
25,000 / $2,500,000 100.80 1.80 3.79 3.65 3.82 3.69 3.84 3.71
50,000 / $5,000,000 100.50 1.50 3.80 3.72 3.84 3.75 3.85 3.77
</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>
3.75 % 5.21% 5.43% 5.86% 6.21%
3.75 5.21 5.43 5.86 6.21
3.76 5.22 5.45 5.88 6.23
3.77 5.24 5.46 5.89 6.24
3.78 5.25 5.48 5.91 6.26
3.79 5.26 5.49 5.92 6.27
3.79 5.26 5.49 5.92 6.27
3.80 5.28 5.51 5.94 6.29
</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 $ .2546
Monthly plan 5/15/96 .3183 $ 3.8228
Quarterly plan 5/15/96 .3210
8/15/96 .9630 3.8548
Semi-annual plan 5/15/96 .3228
11/15/96 1.9368 3.8738
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 102.10 = 97.943
investment offering price # of units
(as of and accrued purchased
03/06/96) interest
97.943 X $3.8228 = $374.42
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW YORK
INSURED UNIT TRUST 247 850
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.04 - 5.24% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.00 - 5.28% - Diversified Portfolios
DATE OF DEPOSIT: March 7, 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 22.5 years
Call Protection Earliest ordinary optional call is 2003
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.94 to $99.90 depending on the purchase amount
Cusip 67101K 706 monthly payment plan
Numbers 67101K 714 quarterly payment plan
67101K 722 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 30.0%
2017-20 42.5%
2021-24 15.0%
2025+ 12.5%
The earliest ordinary optional call date is 2003
YIELD COMPARISON AS OF 03/06/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.47%
Tax Equivalent Yield 5.04%
Treasury Bonds
Pre-Tax 6.94%
Tax Equivalent Yield 6.45%
Corporate Bonds
Yield 7.41%
</TABLE>
<PAGE>
*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 2/29/96.
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>
----------------------------------------------------------------------------------------------------------------
$ 600,000 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.
600,000 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.
600,000 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.)
600,000 New York State Urban Development Corporation, Correctional Capital 2004 at 102 AAA Aaa
Facilities Revenue Bonds, Series 4, 5.25% Due 1/1/13. (Original issue
discount bonds delivered on or about December 29, 1993 at a price of 94.50%
of principal amount.)
500,000 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 Metropolitan Transportation Authority (New York), Commuter Facilities 1987 2003 at 100 AAA Aaa
Service Contract Bonds, Series 7, 4.75% Due 7/1/19. (Original issue
discount bonds delivered on or about September 21, 1993 at a price of
87.361% of principal amount.)
600,000 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.
----------------------------------------------------------------------------------------------------------------
$ 4,000,000 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 03/06/96.
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 $ 102.94 4.90 % 5.04% 5.00% 5.07% 5.03% 5.09% 5.05 %
500 / $50,000 102.78 4.75 5.05 5.01 5.08 5.04 5.10 5.06
1,000 / $100,000 102.51 4.50 5.06 5.04 5.09 5.07 5.11 5.09
2,500 / $250,000 102.25 4.25 5.07 5.05 5.10 5.08 5.12 5.10
5,000 / $500,000 101.45 3.50 5.11 5.11 5.14 5.14 5.16 5.17
10,000 / $1,000,000 100.93 3.00 5.14 5.15 5.17 5.18 5.19 5.20
25,000 / $2,500,000 100.41 2.50 5.17 5.19 5.20 5.22 5.22 5.24
50,000 / $5,000,000 99.90 2.00 5.19 5.23 5.22 5.26 5.24 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
UNIT TRUST tax bracket)
RETURN 33.0% 36.0% 40.5% 44.0%
<C> <S> <C> <C> <C> <C>
5.04 % 7.52% 7.88% 8.47% 9.00%
5.05 7.54 7.89 8.49 9.02
5.06 7.55 7.91 8.50 9.04
5.07 7.57 7.92 8.52 9.05
5.11 7.63 7.98 8.59 9.13
5.14 7.67 8.03 8.64 9.18
5.17 7.72 8.08 8.69 9.23
5.19 7.75 8.11 8.72 9.27
</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 $ .3456
Monthly plan 5/15/96 .4320 $ 5.1865
Quarterly plan 5/15/96 .4347
8/15/96 1.3041 5.2185
Semi-annual plan 5/15/96 .4362
11/15/96 2.6172 5.2375
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 103.01 = 97.077
investment offering price # of units
(as of and accrued purchased
03/06/96) interest
97.077 X $5.1865 = $503.49
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
