IPO - FT 11867
Form Type: 487
Filing Date: 2024-12-23
Corporate Action: Ipo
Type: New
Accession Number: 000144554624008766
Filing Summary: FT 11867 is an amendment to Form S-6 for a unit investment trust known as Vest Large Cap Deep Buffered 20 Portfolio, Series 71. The trust seeks to provide returns matching the SPDR S&P 500 ETF Trust with a cap of 13.31% while providing a buffer against the first 20% of losses for the period from December 23, 2024, to March 23, 2026. The document details the registration under the Securities Act of 1933 and includes information on the trust's sponsor, First Trust Portfolios L.P., and the trustee, The Bank of New York Mellon. The approximate date for the proposed sale to the public is as soon as practicable after the effective date of the registration statement, which is set to become effective on December 23, 2024. The document also contains financial details, fee structure, investment strategy, and risk factors associated with the securities.
Document Link: View Document
Additional details:
Exact Name Of Trust: FT 11867
Name Of Depositor: FIRST TRUST PORTFOLIOS L.P.
Address Of Depositor: 120 East Liberty Drive Suite 400 Wheaton, Illinois 60187
First Settlement Date: 2024-12-24
Mandatory Termination Date: 2026-03-23
Initial Number Of Units: 17711
Public Offering Price Per Unit: 10.226
Maximum Sales Charge: 1.85
Redemption Price Per Unit: 10.088
Net Asset Value Per Unit: 10
Total Net Assets: 177111
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