FT 3362 offers Senior Loan and Limited Duration Opportunities units

By Toni Weeks

San Diego, Feb. 17 - FT 3362 is offering units of its Senior Loan and Limited Duration Opportunities Closed-End Portfolio, Series 10, 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 high current income by investing in a diversified portfolio of common stocks of closed-end investment companies that invest in senior corporate loans and limited-duration fixed-income securities.

On the initial date of deposit, Feb. 17, the trust consists of $142,466 in contracts to purchase securities. The 14,391 units each have an initial public offering price of $10 and a net asset value of $9.676. The estimated net annual distribution per unit is $0.6689 for the first year.

Each unit carries a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. Sales fee reductions for investments of $50,000 or more are available on a sliding scale to 1.4% based on the amount of the investment.

The trust has a mandatory termination date of May 20, 2013.

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