FT 3367 offers Target Diversified Global Allocation Portfolio units

By Tali David

Minneapolis, Feb. 29 - FT 3367 is offering units of its Target Diversified Global Allocation Portfolio, Series 3, 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 fixed portfolio of common stocks diversified across various market capitalizations, growth and value styles, sectors and countries. The stocks, which are selected by applying pre-determined screens and factors, are held for about 15 months.

On Feb. 29, the initial date of deposit, $890,206 of contracts to purchase securities comprised the trust. The 89,920 units have an initial offering price of $10 and a net asset value of $9.67 each. The estimated net annual distribution per unit is $0.3129 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 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 May 31, 2013.

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