FT 3419 offers units of its First Trust ETF Allocation Portfolio

By Tali David

Minneapolis, March 22 - FT 3419 is offering units of its First Trust ETF Allocation Portfolio Series, 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 capital appreciation by investing in a diversified portfolio of common stocks issued by exchange-traded funds advised by First Trust Advisors LP, an affiliate of the trust's sponsor, Wheaton, Ill.-based First Trust Portfolios LP.

On March 22, the initial date of deposit, $170,565 of contracts to purchase securities comprised the trust. The 17,229 units have an initial offering price of $10 and a net asset value of $9.574 each.

The units will each carry 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. The sales charge may be reduced to to 2.45%, depending on the amount of the investment.

The trust has a mandatory termination date of March 24, 2014.

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