FT 3333 offers Insured Municipal Income Select Portfolio units

By Toni Weeks

San Diego, Jan. 19 - FT 3333 is offering units of its Insured Municipal Income Select Closed-End Portfolio, Series 37, 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 federally tax-exempt monthly income by investing in a diversified pool of closed-end funds, the portfolios of which are concentrated in insured municipal bonds.

On the initial date of deposit, Jan. 19, the trust consists of $162,267 in contracts to purchase securities. The 16,391 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 $0.5138 for the first year and $0.5091 for subsequent years.

Each unit carries 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. Sales charge reductions are available on a sliding scale depending on the investment amount.

The trust has a mandatory termination date of Jan. 21, 2014.

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