FT 3384 offers units of its U.S. Equity Closed-End Portfolio Series

By Toni Weeks

San Diego, Feb. 3 - FT 3384 is offering units of its U.S. Equity Closed-End Portfolio Series, 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 current income with total return as a secondary objective by investing in a diversified pool of closed-end funds that are primarily invested in U.S. equity securities.

On the initial date of deposit, Feb. 3, the trust consists of $160,061 in contracts to purchase securities. The 16,168 units each have an initial public offering price of $10 and a net asset value of $9.576. The estimated net annual distribution per unit is $0.7276 for the first year and $0.7199 for subsequent years.

Each unit carries a maximum sales charge of 3.95%, consisting of a 1% initial sales fee, a 2.45% deferred sales charge and a 0.5% creation and development fee. Sales fee reductions for investments of $50,000 or more are available on a sliding scale to 2.45% based on the amount of the investment.

The trust has a mandatory termination date of Feb. 3, 2014.

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