FT 3447 offers units of its Health Care Select Portfolio, Series 24

By Tali David

Minneapolis, April 3 - FT 3447 is offering units of its Health Care Select Portfolio, Series 24, 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 above-average capital appreciation by investing in a diversified portfolio of common stocks of health care companies.

On April 3, the initial date of deposit, $156,759 of contracts to purchase securities comprised the trust. The 15,834 units have an initial offering price of $10 and a net asset value of $9.574 each. The estimated net annual distribution per unit is $0.1132 for the first year and $0.1120 for subsequent years.

The units will each carry a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to to 2.45%, depending on the amount of the investment.

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

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