IPO - FT 11869

Form Type: 487

Filing Date: 2024-12-31

Corporate Action: Ipo

Type: New

Accession Number: 000144554624008848

Filing Summary: FT 11869 is a series of a unit investment trust, known as the Vest Nasdaq 100 Buffered 10 Portfolio, Series 13, initiated on December 31, 2024. This Trust focuses on providing returns linked to the Invesco QQQ Trust (QQQ), with a cap of 22.06% on positive price returns and cushioning against the first 10% of losses of the underlying ETF during the investment period from December 31, 2024 to March 31, 2026. It is planned to be effective on December 31, 2024 at 2:00 p.m. The document details securities being registered, the public offering price of units, and various fees associated with the investment. The initial number of units is 15,470, with a net asset value per unit of $10.00. The Trust holds options and cash, with total net assets amounting to $154,696. Major financial details are disclosed including liabilities relating to organization costs, development fees, and written options being a strategic component of the Trust's operation.

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