FT Cboe Vest U.S. Equity Deep Buffer ETF - November

Cboe: DNOV

Listed November 18, 2019

The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - November is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 7.75% (before fees, expenses and taxes) and 6.90% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee), while providing a buffer against Underlying ETF losses between -5% and -30% (before fees, expenses and taxes) over the period from November 23, 2020 to November 19, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options that reference the performance of the SPDR S&P 500 ETF Trust. The terms of the Fund's investment objective described above are with reference to the price return of the Underlying ETF.