FT 3451 offers Diversified Equity Strategic Allocation units

By Tali David

Minneapolis, April 9 - FT 3451 is offering units of its Diversified Equity Strategic Allocation Portfolio, Second Quarter 2012, 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 total return by investing in a portfolio of common stocks diversified across various market capitalizations, growth and value styles, sectors and countries.

On April 9, the initial date of deposit, $534,437 of contracts to purchase securities comprised the trust. The 53,984 units have an initial offering price of $10 and a net asset value of $9.674 each. The estimated net annual distribution per unit is $0.1531 for the first year.

The units will each carry a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 1.4%, depending on the amount of the investment.

The trust has a mandatory termination date of July 9, 2013.

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