FT 3373 offers Senior Loan & Limited Duration Plus Closed-End units

By Tali David

Minneapolis, Jan. 27 - FT 3373 is offering units of its Senior Loan & Limited Duration Plus Closed-End Portfolio, Series 50, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The trust seeks high current income by investing in a diversified portfolio of closed-end funds that invest in senior loan and limited duration fixed-income securities.

On Jan. 27, the initial date of deposit, $174,513 of contracts to purchase securities comprised the trust. The 17,451 units have an initial offering price of $10 and a net asset value of $9.576 each.

Each unit will carry a maximum sales charge of 4.5%, consisting of a deferred sales charge of 4% and a creation and development fee of 0.5%. The fee may be reduced on a sliding scale depending on the amount of the investment.

The trust will have a mandatory termination date of April 2, 2014.

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