FT 3306 offers units of its ETF Growth and Income portfolio

By Toni Weeks

San Diego, Jan. 5 - FT 3306 is offering units of its ETF Growth and Income January 2012 portfolio, 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 income and above-average capital appreciation by investing in a portfolio of common stocks issued by exchange-traded funds that invest in common stocks and taxable bonds.

On the initial date of deposit, Jan. 5, $166,250 in contracts to purchase securities comprised the trust. The 16,793 units will be offered at $10 and will have a net asset value of $9.676 each.

Each unit will 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 for investments of $50,000 or more is 2.7%, and it decreases on a sliding scale to 1.4% based on the amount of the investment.

The trust has a mandatory termination date of April 8, 2013.

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