FT 3309 offers Diversified Equity Strategic Allocation Portfolio units

By Toni Weeks

San Diego, Jan. 9 - FT 3309 is offering units of its Diversified Equity Strategic Allocation Portfolio 1Q 2012 - Term 4/9/13, 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 the initial date of deposit, Jan. 9, the trust consists of $562,803 in contracts to purchase securities. The 56,849 units each have an initial public offering price of $10 and net asset value of $9.676. The estimated net annual distribution per unit for the first year is $0.1741.

The units 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 fee may be reduced on a sliding scale to 1.4% depending on the amount of investment.

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

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