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Registration No. 333-298215

1940 Act No. 811-05903

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Amendment No. 1 to Form S-6

FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933\nOF SECURITIES OF UNIT INVESTMENT TRUSTS REGISTERED ON FORM N-8B-2

A.Exact name of trust:

FT 13247

B.Name of depositor:

FIRST TRUST PORTFOLIOS L.P.

C.Complete address of depositor’s\nprincipal executive offices:

120 East Liberty Drive

Suite 400

Wheaton, Illinois 60187

D.Name and complete address\nof agents for service:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Copy to:

JAMES A. BOWEN	ERIC F. FESS
c/o First Trust Portfolios L.P.	c/o Chapman and Cutler LLP
120 East Liberty Drive	320 South Canal Street
Suite 400	27th Floor
Wheaton, Illinois 60187	Chicago, Illinois 60606

E.Title and Amount of Securities\nBeing Registered:

An indefinite number of Units pursuant to Rule 24f-2 promulgated\nunder the Investment Company Act of 1940, as amended.

F.Approximate date of proposed\nsale to public:

As soon as practicable after the effective\ndate of the Registration Statement.

|X|

Check box if it is proposed that this filing will become effective on October 15, 2026 at 2:00 p.m. pursuant to Rule 487.

________________________________

Vest Semiconductor\nBuffered 20 Portfolio, Series 15

FT 13247

FT\n13247 is a series of a unit investment trust, the FT Series. FT 13247 consists of a single portfolio known as Vest Semiconductor Buffered\n20 Portfolio, Series 15 (the “Trust”). The Trust invests in a portfolio of FLexible EXchange^® Options (“FLEX\nOptions” or “Securities”) and cash. The Trust is designed to participate in positive price returns of the VanEck Semiconductor\nETF (“SMH” or the “Underlying ETF”) up to a cap of 35.55% (before applicable sales charges and organization costs),\n32.55% (after sales charges and organization costs for Units purchased through a traditional brokerage account) and 34.37% (after sales\ncharges and organization costs for Units purchased through a “wrap fee” account), while seeking to provide a buffer against\nthe first 20% of Underlying ETF losses (before applicable sales charges and organization costs) (“Outcomes”) over the period\nfrom the Trust’s inception (October 15, 2026) until the Trust’s termination date (February 7, 2028) (the “Outcome Period”).\nReturns after application of the buffer will be reduced by –2.21% for Units purchased through a traditional brokerage account and\n–0.87% for Units purchased through a “wrap fee” account. The Trust\nseeks to achieve specified Outcomes but there is no guarantee that the Outcomes for the Outcome Period will be achieved. You may lose\nsome or all of your money by investing in the Trust.

The\nOutcomes described in this prospectus are specifically designed to apply only if you hold Units on the first day of the Outcome Period\nand continue to hold them on the last day of the period. If you sell or redeem your Units before the Outcome Period ends, you may receive\na very different return based on the Trust’s current value.

THE\nSECURITIES AND EXCHANGE COMMISSION (“SEC”) HAS NOT APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY\nOF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

FIRST TRUST(R)

800–621–1675

The date of\nthis prospectus is October 15, 2026

\n \n \n

Table of Contents

Summary of Essential Information			3
Fee Table			4
Report of Independent Registered Public Accounting Firm			5
Statement of Net Assets			6
Schedule of Investments			7
The FT Series			9
Portfolio			10
Hypothetical Examples			15
Risk Factors			19
Who Should Invest			27
Public Offering			27
Distribution of Units			29
The Sponsor’s Profits			30
The Secondary Market			30
How We Purchase Units			30
Expenses and Charges			31
Tax Status			31
Retirement Plans			34
Rights of Unit Holders			34
Distributions			35
Redeeming Your Units			35
Removing Securities from the Trust			36
Amending or Terminating the Indenture			37
Information on Vest Financial LLC, the Sponsor and Trustee			37
Other Information			38

\n \n \n

Summary of Essential Information\n (Unaudited)

Summary of Essential Information

Vest Semiconductor\nBuffered 20 Portfolio, Series 15
\nFT 13247

At the Opening of Business on the Initial\nDate of Deposit—October 15, 2026

\tSponsor:\tFirst Trust Portfolios L.P.
\n\tTrustee:\tThe Bank of New York Mellon

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Initial Number of Units (1)\t\t		16,298
Fractional Undivided Interest in the Trust per Unit (1)\t\t		1/16,298
Public Offering Price:
Public Offering Price per Unit (2)\t	$	10.226
Less Initial Sales Charge per Unit (3)\t		(.138	)
Aggregate Offering Price Evaluation of Securities per Unit (4)\t		10.088
Redemption Price per Unit (5)\t		10.088
Less Creation and Development Fee per Unit (3)(5)\t\t		(.050	)
Less Organization Costs per Unit (5)\t\t		(.038	)
Net Asset Value per Unit (5)\t\t	$	10.000
First Settlement Date\t\t\t		October\n16, 2026
Mandatory Termination Date (6)\t\t		February\n7, 2028

\n \n \n \n \n \n \n \n \n \n \n \n \n

Cash CUSIP Number\t	30346G 625
Fee Account CUSIP Number\t	30346G 633
Ticker Symbol\t\t	FVOZWX

(1)

As of the Initial Evaluation Time (defined\nbelow in footnote 4) on the Initial Date of Deposit, we may adjust the number of Units of the Trust so that the Net Asset Value\nper Unit will equal approximately $10.00. If we make such adjustment, the fractional undivided interest per Unit will vary from the amount\nindicated above.

(2)

The Public Offering Price shown above reflects the value of the Securities\non the business day prior to the Initial Date of Deposit. The price you pay for your Units will be based on their valuation at the Evaluation\nTime on the date you purchase your Units.

(3)

You will pay a maximum sales charge of 1.85% of the Public Offering Price\nper Unit (equivalent to 1.88% of the net amount invested) which consists of an initial sales charge and a creation and development fee.\nInvestors will not be assessed a sales charge on the portion of their Units represented by cash deposited to pay the Trust’s organization\ncosts and creation and development fee.

(4)

Each FLEX Option is generally valued based on the last quoted sale price\nwhere readily available and appropriate as discussed under “Public Offering—The Value\nof the Securities.” On the Initial Date of Deposit, the evaluations for purposes of determining the purchase, sale or redemption\nprice of Units will be at 2:30 p.m. Eastern time (the “Initial Evaluation Time”). Subsequent to the Initial Date of Deposit,\nevaluations will be made as of the close of trading on the New York Stock Exchange (“NYSE”) (generally 4:00 p.m. Eastern time)\non each day on which it is open (the “Evaluation Time”).

(5)

The Net Asset Value per Unit figure reflects the deduction of the creation\nand development fee and estimated organization costs, which will be deducted from the assets of the Trust at the end of the initial offering\nperiod. The Redemption Price per Unit does not reflect the deduction of such creation and development fee and estimated organization costs.\nSee “Redeeming Your Units.”

(6)

See “Amending or Terminating the Indenture.”

\n \n \n

Fee Table (Unaudited)

Fee Table

This Fee Table describes\nthe fees and expenses that you may, directly or indirectly, pay if you buy and hold Units of the Trust. See “Public Offering”\nand “Expenses and Charges.” Although the Trust has a term of approximately 15 months, and is a unit investment trust\nrather than a mutual fund, this information allows you to compare fees.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

		Amount per Unit
Unit Holder Sales Fees (as a percentage of public offering price)
Maximum Sales Charge
Initial sales charge\t	1.36%	(a)	$	.138
Creation and development fee\t	0.49%	(b)	$	.050
Maximum sales charge (including creation and development fee)\t	1.85%		$	.188
Organization Costs (as a percentage of public offering price)
Estimated organization costs\t	.372%	(c)	$	.0380
Estimated Annual Trust Operating Expenses^(d)
(as a percentage of average net assets)
Portfolio supervision, bookkeeping, administrative and evaluation fees\t	.077%		$	.0080
Trustee’s fee and other operating expenses\t\t	.184%	(e)	$	.0190
Total\t	.261%		$	.0270

Example

This example is intended\nto help you compare the cost of investing in the Trust with the cost of investing in other investment products. The example assumes that\nyou invest $10,000 in the Trust for the periods shown. The example also assumes a 5% return on your investment each year and that the\nTrust’s operating expenses stay the same. The example does not take into consideration transaction fees which may be charged by\ncertain broker/dealers for processing redemption requests. Although your actual costs may vary, based on these assumptions your costs,\nassuming you sell or redeem your Units at the end of each period, would be:

\n \n \n \n \n \n \n

1 Year	15 Months
$253	$260

The example will\nnot differ if you hold rather than sell your Units at the end of each period.

(a)

The “transactional sales charge” consists entirely of an initial sales charge, deducted at\nthe time of purchase. The initial sales charge is actually equal to the difference between the maximum sales charge of 1.85% and the amount\nof any remaining creation and development fee. Investors will not be assessed a sales charge on the portion of their Units represented\nby cash deposited to pay the Trust’s organization costs and creation and development fee.

(b)

The creation and development fee compensates the Sponsor for creating and developing the Trust. The creation\nand development fee is a charge of $.050 per Unit collected at the end of the initial offering period, which is expected to be one day\nfrom the Initial Date of Deposit. If the price you pay for your Units exceeds $10.226 per Unit, the creation and development fee will\nbe less than 0.49%; if the price you pay for your Units is less than $10.226 per Unit, the creation and development fee will exceed 0.49%.\nIf you purchase Units after the initial offering period, you will not be assessed the creation and development fee.

(c)

Estimated organization costs will be deducted from the assets of the Trust at the end of the initial offering\nperiod. Estimated organization costs are assessed on a fixed dollar amount per Unit basis which, as a percentage of average net assets,\nwill vary over time.

(d)

Each of the fees listed herein is assessed on a fixed dollar amount per Unit basis which, as a percentage\nof average net assets, will vary over time.

(e)

Other operating expenses do not include brokerage costs and other portfolio transaction fees. In certain\ncircumstances, the Trust may incur additional expenses not set forth above. See “Expenses and Charges.”

\n \n \n

Report of Independent
\n Registered Public Accounting Firm

Report of Independent Registered Public Accounting\n Firm

To the Unit Holders\nand the Sponsor, First Trust Portfolios L.P., of FT 13247

Opinion on the Statement\nof Net Assets

We have audited the\naccompanying statement of net assets, including the schedule of investments, of FT 13247, comprising Vest\nSemiconductor Buffered 20 Portfolio, Series 15 (the “Trust”), one of the series constituting the FT Series, as\nof the opening of business on October 15, 2026 (Initial Date of Deposit), and the related notes. In our opinion, the statement of net\nassets presents fairly, in all material respects, the financial position of the Trust as of the opening of business on October 15, 2026\n(Initial Date of Deposit), in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

This statement of net\nassets is the responsibility of the Trust’s Sponsor. Our responsibility is to express an opinion on this statement of net assets\nbased on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB)\nand are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules\nand regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit\nin accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance\nabout whether the statement of net assets is free of material misstatement, whether due to error or fraud. The Trust is not required to\nhave, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required\nto obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness\nof the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included\nperforming procedures to assess the risks of material misstatement of the statement of net assets, whether due to error or fraud, and\nperforming procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts\nand disclosures in the statement of net assets. Our audit also included evaluating the accounting principles used and significant estimates\nmade by the Trust’s Sponsor, as well as evaluating the overall presentation of the statement of net assets. Our procedures included\nconfirmation with the broker and confirmation of the irrevocable letter of credit held by The Bank of New York Mellon, the Trustee, and\ndeposited in the Trust for the purchase of securities, as shown in the statement of net assets, as of the opening of business on October\n15, 2026, by correspondence with the Trustee. We believe that our audit provides a reasonable basis for our opinion.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois
\nOctober 15, 2026

We have served\nas the auditor of one or more investment companies sponsored by First Trust Portfolios L.P. since 2001.

\n \n \n

Statement of Net Assets

Vest Semiconductor\nBuffered 20 Portfolio, Series 15
\nFT 13247

At the Opening of Business\non the Initial Date of Deposit—October 15, 2026

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

NET ASSETS
Investment in Securities represented by contracts to purchase FLEX Options (1)(2)(3)\t	$	184,866
Cash (2)\t		2,021
Less liability for written FLEX Options (1) (3)\t\t\t		(22,476	)
Less liability for reimbursement to Sponsor for organization costs (4)\t		(619	)
Less liability for creation and development fee (5)\t		(815	)
Net assets\t	$	162,977
Units outstanding\t		16,298
Net asset value per Unit (6)\t	$	10.00
ANALYSIS OF NET ASSETS
Cost to investors (7)\t	$	166,668
Less maximum sales charge (7)\t		(3,072	)
Less estimated reimbursement to Sponsor for organization costs (7)\t		(619	)
Net assets\t	$	162,977

NOTES\nTO STATEMENT OF NET ASSETS

The Trust is registered as a unit investment\ntrust under the Investment Company Act of 1940. The Sponsor is responsible for the preparation of financial statements in accordance with\naccounting principles generally accepted in the United States which require the Sponsor to make estimates and assumptions that affect\namounts reported herein. Actual results could differ from those estimates. The Trust intends to comply in its initial fiscal year and\nthereafter with provisions of the Internal Revenue Code applicable to regulated investment companies and as such, will not be subject\nto federal income taxes on otherwise taxable income (including net realized capital gains) distributed to Unit holders.

(1)

The Trust invests in a portfolio of purchased and written FLEX Options. Aggregate cost of the purchased\nFLEX Options listed under “Schedule of Investments” and the liability for the written FLEX Options are based on their aggregate\nunderlying value. The Securities were deposited at prices equal to their market value as determined by the Sponsor. The Trust has a Mandatory\nTermination Date of February 7, 2028.

(2)

An irrevocable letter of credit issued by The Bank of New York Mellon, of which approximately $300,000\nhas been allocated to the Trust, has been deposited with the Trustee as collateral, covering the monies necessary for the purchase of\nthe Securities according to their purchase contracts $184,866 and cash $2,021. Cash is included in the Trust to cover the cost of the\nTrust’s organization costs, the creation and development fee and the Trust’s annual operating expenses.

(3)

The Trust will enter into option contracts which provide the option purchaser with the right, but not\nthe obligation, to buy a security at a predetermined exercise price on the option’s expiration date and the Trust will also enter\ninto option contracts which provide the option purchaser with the right, but not the obligation, to sell a security to the Trust at a\npredetermined price on the option’s expiration date. The option purchaser pays a premium to the option writer for the right to exercise\nthe option. The option writer is obligated to sell or buy the security underlying the contract at a set price, if the option purchaser\nchooses to exercise the option. As a writer of an option contract, the Trust is not subject to credit risk but is subject to market risk,\nsince the Trust is obligated to make payments under the terms of the option contract if exercised.

(4)

A portion of the Public Offering Price consists of an amount sufficient to reimburse the Sponsor for all\nor a portion of the costs of establishing the Trust. These costs have been estimated at $.0380 per Unit. A payment will be made at the\nend of the initial offering period to an account maintained by the Trustee from which the obligation of the investors to the Sponsor will\nbe satisfied. To the extent that actual organization costs of the Trust are greater than the estimated amount, only the estimated organization\ncosts added to the Public Offering Price will be reimbursed to the Sponsor and deducted from the assets of the Trust.

(5)

The creation and development fee ($.050 per Unit) is payable by the Trust on behalf of Unit holders out\nof assets of the Trust at the end of the initial offering period. If Units are redeemed prior to the close of the initial offering period,\nthe fee will not be deducted from the proceeds.

(6)

Net asset value per Unit, as rounded to the nearest penny, is calculated by dividing the Trust’s\nnet assets by the number of Units outstanding. This figure includes organization costs and the creation and development fee, which will\nonly be assessed to Units outstanding at the end of the initial offering period.

(7)

The aggregate cost to investors in the Trust, excluding the amount held in cash deposited to pay the Trust’s\norganization costs and creation and development fee, includes a maximum sales charge computed at the rate of 1.85% of the Public Offering\nPrice per Unit (equivalent to 1.88% of the net amount invested), assuming no reduction of sales charge as set forth under “Public\nOffering.”

\n \n \n

Schedule of Investments

Vest Semiconductor\nBuffered 20 Portfolio, Series 15
\nFT 13247

At the Opening of Business on the Initial\nDate of Deposit—October 15, 2026

			Percentage of			Market
	Strike Price		Aggregate	Number of		Value per
	per		Offering	FLEX		FLEX
Description	Share		Price	Contracts		Option (3)	Value (3)
FLexible EXchange^® Options (“FLEX Options”):
Purchased Options (1)(2):
Call Options on VanEck Semiconductor ETF, Expire February 7, 2028\t	$	0.01			99.30%			3	$	53,946.00	$	161,838
Put Options on VanEck Semiconductor ETF, Expire February 7, 2028\t		543.26			14.13%			3		7,676.00		23,028
Total Purchased Options (cost, $184,866):\t					113.43%						$	184,866
Written Options (1)(2):
Call Options on VanEck Semiconductor ETF, Expire February 7, 2028\t		736.39			(7.54)%			3		4,097.00		(12,291	)
Put Options on VanEck Semiconductor ETF, Expire February 7, 2028\t		434.61			(6.25)%			3		3,395.00		(10,185	)
Total Written Options (proceeds, $22,476):\t					(13.79)%						$	(22,476	)
Net Other Assets and Liabilities\t					0.36%						$	587
Net Assets\t					100.00%						$	162,977

(1)

All Securities are represented by regular way contracts to purchase\nsuch Securities which are backed by an irrevocable letter of credit deposited with the Trustee. The Sponsor entered into purchase contracts\nfor the Securities on October 15, 2026. Such purchase contracts are expected to settle within one business day.

(2)

Each FLEX Option contract entitles the holder\nthereof (i.e., the purchaser) to purchase (for the call options) or sell (for the put options) 100 shares of the VanEck\nSemiconductor ETF on the FLEX Option Expiration Date of February 7, 2028\nat the FLEX Option’s strike price multiplied by 100. The notional value of the FLEX Options as of the Initial Date of Deposit\nare as follows:

Purchased\nOptions:

\nCall Options on SMH\t$162,978

\t Put Options on SMH\t\t$162,978

Written\nOptions:

\nPut Options on SMH\t\t$162,978

\t Call Options on SMH\t$162,978

(3)

The\ncost or proceeds of the Securities to the Trust represents the aggregate underlying value with respect to the Securities acquired, generally\ndetermined based on the last quoted sale price where readily available and appropriate. On the Initial Date of Deposit, the value of\nthe Securities will be based on the specific trade prices in which the Securities representing the Trust are executed. If no trades occur\nfor a specific trade date or the Sponsor determines that market quotations are unavailable or inappropriate (e.g., due to infrequent\ntransactions or thin trading), the Sponsor will determine the underlying value of the Securities based on their good faith determination\nof the fair value of the Securities at their discretion. To determine the fair value of the Securities, where available, the Sponsor\nwill start with values generated using model prices provided by an independent third party, which uses a proprietary algorithm using\nstandard option valuation variables and calculations. Where such values are not available through typical third party sources, the Sponsor\nwill generate their own model-based valuations of the Securities and use current market quotations for comparable listed options that\nare more actively traded. The valuation of the Securities has been determined by the Sponsor. In accordance with Financial Accounting\nStandards Board Accounting Standards Codification 820 (“ASC 820”), “Fair Value Measurement,” fair value\nis defined as the price that the Trust would either receive upon selling an investment or pay to transfer an option’s liability\nto an independent buyer in a

\n\n\n

timely\ntransaction in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy to maximize the\nuse of the observable market data and minimize the use of unobservable inputs and to establish classification of the fair value measurements\nfor disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability,\nincluding the technique or pricing model used to measure fair value and the risk inherent in the inputs to the valuation technique. Inputs\nmay be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing\nthe asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs\nare inputs that may reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing\nthe asset or liability, developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is\nsummarized in the three broad levels: Level 1 which represents quoted prices in active markets for identical investments; Level 2 which\nrepresents fair value based on other significant observable inputs (including, quoted prices for similar investments in active markets,\nquoted prices for identical or similar investments in markets that are non-active, inputs other than quoted prices that are observable\nfor the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds,\nloss severities, credit risks, and default rates) or inputs that are derived from or corroborated by observable market data by correlation\nor other means), and Level 3 which represents fair value based on significant unobservable inputs (including the Trust’s own assumptions\nin determining the fair value of investments). The Trust’s investments in purchased options of $184,866 and written options of\n$(22,476) are classified as Level 2, whose valuations on the date of deposit were based on the specific prices at which the options were\nexecuted. The cost of the Securities to the Sponsor and the Sponsor’s loss (which is the difference between the cost of the Securities\nto the Sponsor and the cost of the Securities to the Trust) are $162,443 and $53, respectively.

\n \n \n

The FT Series

The FT Series Defined.

We,\nFirst Trust Portfolios L.P. (the “Sponsor”), have created hundreds of similar yet separate series of a unit investment trust\nwhich we have named the FT Series. The series to which this prospectus relates, FT 13247, consists of a single portfolio known as\nVest Semiconductor Buffered 20 Portfolio, Series 15.

The\nTrust was created under the laws of the State of New York by a Trust Agreement (the “Indenture”) dated the Initial Date of\nDeposit. This agreement, entered into among First Trust Portfolios L.P., as Sponsor, The Bank of New York Mellon as Trustee and First\nTrust Advisors L.P. as Portfolio Supervisor, governs the operation of the Trust.

You may get more specific details concerning the nature, structure\nand risks of this product in an “Information Supplement” by calling the Sponsor at 800–621–1675, dept. code 2.

How We Created the Trust.

On\nthe Initial Date of Deposit, we deposited a portfolio of FLEX Options and cash with the Trustee and, in turn, the Trustee delivered documents\nto us representing our ownership of the Trust in the form of units (“Units”).

After\nthe Initial Date of Deposit, we may deposit additional Securities in the Trust, or cash (including a letter of credit or the equivalent)\nwith instructions to buy more Securities, to create new Units for sale. If we create additional Units, we will attempt, to the extent\npracticable, to maintain the percentage relationship established among the Securities on the Initial Date of Deposit (as set forth under\n“Schedule of Investments”), adjusted to reflect the sale, redemption or liquidation of any of the Securities or any stock\nsplit or a merger or other similar event affecting the issuer of the Securities.

Since\nthe prices of the Securities will fluctuate daily, the ratio of Securities in the Trust, on a market value basis, will also change daily.\nThe portion of Securities represented by each Unit will not change as a result of the deposit of additional Securities or cash in the\nTrust. If we deposit cash, you and new investors may experience a dilution of your investment. This is because prices of Securities will\nfluctuate between the time of the cash deposit and the purchase of the Securities, and because the Trust pays the associated brokerage\nfees. To reduce this dilution, the Trust will try to buy the Securities as close to the Evaluation Time and as close to the evaluation\nprice as possible. You may also experience a dilution of your investment when the Trust sells Securities to meet redemption requests as\nSecurities are typically sold after the redemption request is received. Because the Trust pays the brokerage fees associated with the\nsale of Securities to meet redemption and exchange requests, frequent redemption and exchange activity will likely result in higher brokerage\nexpenses. To the extent there is a dilution to your investment it is highly likely that you will not receive the hypothetical returns\nset forth in this prospectus.

An\naffiliate of the Trustee may receive these brokerage fees or the Trustee may retain and pay us (or our affiliate) to act as agent for\nthe Trust to buy Securities. If we or an affiliate of ours act as agent to the Trust, we will be subject to the restrictions under the\nInvestment Company Act of 1940, as amended (the “1940 Act”). When acting in an agency capacity, we may select various broker/dealers\nto execute securities transactions on behalf of the Trust, which may include broker/dealers who sell Units of the Trust. We do not consider\nsales of Units of the Trust or any other products sponsored by First Trust as a factor in selecting such broker/dealers.

We\ncannot guarantee that the Trust will keep its present size and composition for any length of time. Securities may be periodically sold\nunder certain circumstances to satisfy Trust obligations, to meet redemption requests and, as described in “Removing Securities\nfrom the Trust,” to maintain the sound investment character of the Trust, and the proceeds received by the Trust will be used to\nmeet Trust obligations or distributed to Unit holders. However, Securities will not be sold to take advantage of market fluctuations or\nchanges in anticipated rates of appreciation or depreciation, or if they no longer meet the criteria by which they were selected. You\nwill not be able to dispose of or vote any of the Securities in the Trust. As the holder of the Securities, the Trustee will vote the\nSecurities and, except as described in “Removing Securities from the Trust,” will endeavor to vote the Securities such that\nthe Securities are voted as closely as possible in the same manner and the same general proportion as are the Securities held by owners\nother than such Trust.

Neither\nwe nor the Trustee will be liable for a failure in any of the Securities. However, if a contract for the purchase of any of the Securities\ninitially deposited in the Trust fails, unless we can purchase substitute Securities (“Replacement Securities”) we will refund\nto you that portion of the purchase price and transactional sales charge resulting from the failed contract. Any Replacement Security\nthe Trust acquires will be identical to those from the failed contract.

\n \n \n

Portfolio

Objective.

The\nTrust seeks to provide returns that match the price return of the Underlying ETF up to a predetermined upside cap of 35.55% (before applicable\nsales charges and organization costs) while providing a buffer against the first 20% of Underlying ETF losses (before applicable sales\ncharges and organization costs) during the period from October 15, 2026 to February 7, 2028. Under normal market conditions, the Trust\nwill invest at least 80% of its net assets in investments that provide exposure to semiconductor companies. For purposes of this 80% policy,\nthe Trust considers companies included in the MVIS^® US Listed Semiconductor 25 Index to be semiconductor companies. The\nTrust is concentrated (i.e., invests 25% or more of Trust assets) in investments that provide exposure to the information technology sector.

The Portfolio.

The\nTrust seeks to achieve its objective by investing in a portfolio consisting of purchased and written FLEX Options and cash to pay for\nthe annual operating expenses, creation and development fee and organization costs of the Trust. Because a portion of your investment\nis held in cash to pay for these expenses, and the cap and buffer amounts are determined independent of the cash component, such expenses\nwill not further reduce the cap and buffer amounts disclosed in this prospectus. The FLEX Options are listed on the Chicago Board Options\nExchange (the “CBOE”) and are guaranteed by the Options Clearing Corporation (the “OCC”). The FLEX Options reference\nshares of the Underlying ETF which had a share price on the NYSE of $543.26 (the “Initial Underlying ETF Level”) at the time\nthe FLEX Options were executed and entitle or obligate the holder to purchase or sell shares of the Underlying ETF at each FLEX Option’s\nstrike price on February 7, 2028 (the “FLEX Option Expiration Date”). The FLEX Options are all European style options, which\nmeans that they are exercisable at the strike price only on the FLEX Option Expiration Date. The FLEX Options are intended to be liquidated\non or prior to the FLEX Option Expiration Date, rather than be exercised, in order to avoid having the Trust receive shares of the Underlying\nETF or be obligated to deliver shares of the Underlying ETF.

The FLEX Options are intended to generate\nreturns based on the price performance of the Underlying ETF. Please note that the Trust’s performance will not reflect the payment\nof dividends by the Underlying ETF. The Underlying ETF is an exchange-traded fund (“ETF”) that seeks to replicate as closely\nas possible, before fees and expenses, the price and yield performance of the MVIS^® US Listed Semiconductor 25 Index (the\n“Underlying Index”), which is intended to track the overall performance of companies involved in semiconductor production\nand equipment. The Underlying Index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor\nindustry. Certain of the companies included in the Underlying Index may be headquartered or incorporated in foreign countries, including\nemerging and/or developing markets. See “The Underlying ETF and the Underlying Index” on page 14. The Trust is designed for\nUnit holders who intend to purchase Units at the Trust’s inception, the only day Units are available for sale, and hold them until\nFebruary 7, 2028, the Trust’s Mandatory Termination Date, and seeks a percentage total return per Unit that increases by any percentage\nincrease in the price of the Underlying ETF relative to the Initial Underlying ETF Level up to a maximum total return of 35.55% (before\napplicable sales charges and organization costs), 32.55% (after sales charges and organization costs for Units purchased through a traditional\nbrokerage account) and 34.37% (after sales charges and organization costs for Units purchased through a “wrap fee” account)\n(the “Capped Return”), while also providing downside “buffered” protection of up to the first 20% of the decline\nin the Underlying ETF (before applicable sales charges and organization costs) (“Buffered Protection”). Returns after application\nof the buffer will be reduced by –2.21% for Units purchased through a traditional brokerage account and –0.87% for Units purchased\nthrough a “wrap fee” account. See “Fee Table” in this prospectus for information regarding these fees and expenses.

The\nCapped Return and the Buffered Protection are based on the life of the Trust and are not an annualized rate of return. The percentage\nincrease or decrease of the Underlying ETF described above is the percentage increase or decrease of the Underlying ETF from when the\nFLEX Option strike levels are set on the initial date of deposit to the close of the market on the FLEX Option Expiration Date. The Trust’s\nability to achieve its investment objective is dependent on Unit holders purchasing Units at a price equal to their initial net asset\nvalue ($10 per Unit) and holding them until the Trust’s Mandatory Termination Date. The price at which you will be able to purchase\nUnits will be based on their valuation at the Evaluation Time on the Initial Date of Deposit, which will be higher than $10 per Unit (the\nTrust’s net asset value per Unit on the Initial Date of Deposit) because of the Trust’s sales charges and organization costs,\nwhich will impact your potential returns.

The Trust may not be able to achieve the\nhypothetical returns set forth in this prospectus. The Trust’s performance may be impacted by a variety of factors, including, but\nnot limited to, redemption activity, a dilution of your investment, unusual economic events, market movements and changes in the liquidity\nof the FLEX Options. Redemption activity could cause the Trust to recognize income that the Trust is required to distribute to maintain\nthe Trust’s RIC status and avoid the excise tax. Selling Securities to make these distributions may impact the Trust’s performance.\nThe Trust’s portfolio is not managed. In the unlikely event that the FLEX Options cannot maintain their proper ratios, there may\nbe a significant impact to the Trust’s ability to meet its investment objective or follow its principal investment strategy.

Illustrative Market Scenarios.

The Trust seeks to provide returns based\non the price performance of the Underlying ETF for Units purchased on the Trust’s Initial Date of Deposit at their initial net asset\nvalue of $10 per Unit and held until the Trust’s Mandatory Termination Date as follows:

•

The price of the Underlying ETF increases above a Capped Return of 35.55%. If, at the FLEX Option Expiration Date, the price\nof the Underlying ETF increased by greater than or equal to 35.55% compared to the price of the Underlying ETF at the Trust’s inception,\nthe Trust seeks to provide Unit holders with a maximum total return of 35.55% (before applicable sales charges and organization costs),\n32.55% (after sales charges and organization costs for Units purchased through a traditional\nbrokerage account) and 34.37% (after sales charges and organization costs for Units purchased\nthrough a “wrap fee” account). If the price of the Underlying ETF increases above the Capped Return, Unit holders will not\nparticipate in those gains beyond the Capped Return.

•

The price of the Underlying ETF increases between 0% and a Capped Return of 35.55%. If, at the FLEX Option Expiration Date,\nthe price of the Underlying ETF increased between 0% and 35.55% compared to the price of the Underlying ETF at the Trust’s inception,\nthe Trust seeks to provide Unit holders with a total return that increases by the approximate percentage increase of the price of the\nUnderlying ETF, up to a maximum return of 35.55% (before applicable sales charges and organization costs), 32.55% (after sales\ncharges and organization costs for Units purchased through a traditional brokerage account) and 34.37% (after sales\ncharges and organization costs for Units purchased through a “wrap fee” account).

•

The price of the Underlying ETF decreases between 0% and 20%. If, at the FLEX Option Expiration Date, the price of the Underlying\nETF decreased between 0% and 20% compared to the price of the Underlying ETF at the Trust’s inception, the Trust seeks to provide\nUnit holders with a “buffered” total return of approximately 0.00% (before applicable\nsales charges and organization costs), –2.21% (after sales charges and organization costs\nfor Units purchased through a traditional brokerage account) and –0.87% (after sales charges\nand organization costs for Units purchased through a “wrap fee” account).

•

The price of the Underlying ETF decreases by greater than 20%. If, at the FLEX Option Expiration Date, the price of the Underlying\nETF decreased by greater than 20% compared to the price of the Underlying ETF at the Trust’s inception, the Trust seeks to provide\nUnit holders with a loss that is 20% less (before applicable sales charges and organization costs) than the loss of the Underlying ETF,\nwith a maximum loss of approximately –80.44% (after sales charges and organization costs\nfor Units purchased through a traditional brokerage account) and –80.17% (after sales charges\nand organization costs for Units purchased through a “wrap fee” account) (the “Maximum Loss”). If the price\nof the Underlying ETF decreases by greater than 20%, Unit holders will only be protected against the first 20% of Underlying ETF losses.

Hypothetical Performance Return Chart

The following chart illustrates the hypothetical\nreturns that the Trust seeks to provide in certain illustrative scenarios. The hypothetical cap level in the chart below is for illustration\nonly and the actual cap may be different. This chart does not take into account payment by Unit holders of applicable sales charges\nand organization costs, as such gains will be decreased by the sales charges and organization costs and losses will be increased by the\nsales charges and organization costs.

[Hypothetical Performance Return Chart]

If the underlying ETF decreases\nin value from the Initial Reference Value below the buffer level, the Trust's loss would be limited to any decrease in the underlying\nETF below the buffer level. If the underlying ETF decreases in value from the Initial Reference Value but above the buffer level, the\nTrust would seek to return to Unit holders the Buffer Amount, which is equivalent to t he initial net asset value per Unit. If the underlying\nETF increases in value from the initial Reference Value but below the capped return, the Trust would seek to provide Unit holders with\na percentage return on net assets that would be equal to the percentage increase in the value of the underlying ETF. If the underlying\nETF increases in value from the Initial Reference Value above the capped return, the Trust would seek to provide Unit holders with a\npercentage return on net asset value that is capped by the amount of the capped return.

What is a FLEX Option?

The\nTrust’s initial portfolio includes several types of FLEX Options including purchased and written put and call options (as further\ndescribed below). The FLEX Options are all European style options, which means that they are exercisable at the strike price only on the\nFLEX Option Expiration Date. FLEX Options are customized option contracts available through national securities exchanges that are guaranteed\nfor settlement by the OCC, a market clearinghouse. The FLEX Options are listed on the CBOE. FLEX Options provide investors with the ability\nto customize terms of an option, including exercise prices, exercise styles (European style versus American style options which are exercisable\nany time prior to the expiration date) and expiration dates, while achieving price discovery in competitive, transparent auctions markets\nand avoiding the counterparty exposure of the over-the-counter option positions.

Each\nFLEX Option contract entitles the holder thereof (i.e., the purchaser of the FLEX Option) the option to purchase (for the call options)\nor sell (for the put options) 100 shares of the Underlying ETF as of the close of the market on the FLEX Option Expiration Date at the\nstrike price multiplied by 100. The Trust is designed so that any amount owed by the Trust on the written FLEX Options will be covered\nby payouts at expiration from the purchased FLEX Options. As a result, the FLEX Options will be fully covered and no additional collateral\nwill be necessary during the life of the Trust. The Trust receives premiums in exchange for the written FLEX Options and pays premiums\nin exchange for the purchased FLEX Options. The OCC and securities exchange that the FLEX Options are listed on do not charge ongoing\nfees to writers or purchasers of the FLEX Options during their life for continuing to hold the option contracts.

The\nOCC guarantees performance by each of the counterparties to FLEX Options, becoming the “buyer for every seller and the seller for\nevery buyer,” protecting clearing members and options traders from counterparty risk. Subject to determination by the Securities\nCommittee of the OCC, adjustments may be made to the FLEX Options for certain events (collectively, “Corporate Actions”) specified\nin the OCC’s by-laws and rules: certain stock dividends or distributions, stock splits, reverse stock splits, rights offerings,\ndistributions, reorganizations, recapitalizations, or reclassifications with respect to an underlying security, or a merger, consolidation,\ndissolution or liquidation of the issuer of the underlying security. According to the OCC’s by-laws, the nature and extent\nof any such adjustment is to be determined by the OCC’s Securities Committee, in light of the circumstances known to it at the time\nsuch determination is made, based on its judgment as to what is appropriate for the protection of investors and the public interest, taking\ninto account such factors as fairness to holders and writers (or purchasers and sellers) of the affected options, the maintenance of a\nfair and orderly market in the affected options, consistency of interpretation and practice, efficiency of exercise settlement procedures,\nand the coordination with other clearing agencies of the clearance and settlement of transactions in the underlying interest.

The\ninformation set forth above relating to the FLEX Options and the OCC has been obtained from the OCC. The description and terms of the\nFLEX Options to be entered into with the OCC are set forth in the by-laws and rules of the OCC, available at www.optionsclearing.com,\nwhich is not considered part of this prospectus nor is it incorporated by reference herein.

The\nTrust invests in in-the-money purchased call options, out-of-the-money written call options, at-the-money purchased put options and out-of-the-money\nwritten put options. The following discussion describes each type of security.

In-The-Money\nPurchased Call Options (“ITM Purchased Call Options”). The ITM Purchased Call Options are call options purchased by the\nTrust, each with a strike price significantly lower than the Initial Underlying ETF Level. If the price of the Underlying ETF is less\nthan or equal to the strike price of the ITM Purchased Call Options on the FLEX Option Expiration Date, the ITM Purchased Call Options\nwill expire without net proceeds being payable to the Trust (i.e., the ITM Purchased Call Options will expire worthless). If the price\nof the Underlying ETF is greater than the strike price on the FLEX Option Expiration Date, then the ITM Purchased Call Options are intended\nto provide a return to the Trust based on the difference between the strike price of the ITM Purchased Call Options and the price of the\nUnderlying ETF on the FLEX Option Expiration Date equal to a per Unit dollar amount of proceeds of $10.000 multiplied by ((the price of\nthe Underlying ETF on the FLEX Option Expiration Date divided by the Initial Underlying ETF Level) minus 0.00%) on the FLEX Option Expiration\nDate. The ITM Purchased Call Options are intended to provide approximately one-to-one exposure to the Underlying ETF.

Out-Of-The-Money\nWritten Call Options (“OTM Written Call Options”). The OTM Written Call Options are call options written by the Trust,\neach with a strike price greater than the Initial Underlying ETF Level. If the price of the Underlying ETF is less than or equal to the\nstrike price of the OTM Written Call Options on the FLEX Option Expiration Date, the OTM Written Call Options will expire without net\nproceeds being payable by the Trust (i.e., the OTM Written Call Options will expire worthless). If the price of the Underlying ETF is\ngreater than the strike price on the FLEX Option Expiration Date, then the OTM Written Call Options are intended to provide for the Trust\nto deliver proceeds to the purchasers of the OTM Written Call Options based on the increase of the price of the Underlying ETF over the\nstrike price of the OTM Written Call Options equal to a per Unit dollar amount of proceeds of $10.000 multiplied by ((the price of the\nUnderlying ETF on the FLEX Option Expiration Date divided by the Initial Underlying ETF Level) minus 135.55%) on the FLEX Option Expiration\nDate. The OTM Written Call Options are intended to provide premiums to the Trust that will offset the cost of the purchased FLEX Options\nand are also intended to limit the increase from the FLEX Options to 35.55%.

At-The-Money\nPurchased Put Options (“ATM Purchased Put Options”). The ATM Purchased Put Options are put options purchased by the Trust,\neach with a strike price equal to the Initial Underlying ETF Level. If the price of the Underlying ETF is greater than or equal to the\nstrike price of the ATM Purchased Put Options on the FLEX Option Expiration Date, the ATM Purchased Put Options will expire without net\nproceeds being payable to the Trust (i.e., the ATM Purchased Put Options will expire worthless). If the price of the Underlying ETF is\nless than the strike price on the FLEX Option Expiration Date, then the ATM Purchased Put Options are intended to provide a return to\nthe Trust based on the decrease between the Initial Underlying ETF Level and the price of the Underlying ETF on the FLEX Option Expiration\nDate equal to a per Unit dollar amount of proceeds of $10.000 multiplied by (100.00% minus (the price of the Underlying ETF on the FLEX\nOption Expiration Date divided by the Initial Underlying ETF Level)) on the FLEX Option Expiration Date.

Out-Of-The-Money\nWritten Put Options (“OTM Written Put Options”). The OTM Written Put Options are put options written by the Trust, each\nwith a strike price less than the Initial Underlying ETF Level. If the price of the Underlying ETF is greater than or equal to the strike\nprice of the OTM Written Put Options on the FLEX Option Expiration Date, the OTM Written Put Options will expire without net proceeds\nbeing payable by the Trust (i.e., the OTM Written Put Options will expire worthless). If the price of the Underlying ETF is less than\nthe strike price on the FLEX Option Expiration Date, then the OTM Written Put Options are intended to provide for the Trust to deliver\nproceeds to the purchasers of the OTM Written Put Options based on the decrease between the Initial Underlying ETF Level and the price\nof the Underlying ETF on the FLEX Option Expiration Date equal to a per Unit dollar amount of proceeds of $10.000 multiplied by (80.00%\nminus (the price of the Underlying ETF on the FLEX Option Expiration Date divided by the Initial Underlying ETF Level)) on the FLEX Option\nExpiration Date. The ATM Purchased Put Options along with the OTM Written Put Options are intended to offset a decrease between the Initial\nUnderlying ETF Level and the price of the Underlying ETF on the FLEX Option Expiration Date up to 20%.

The Underlying ETF and the Underlying Index.

The\nVanEck Semiconductor ETF (the “Underlying ETF”) is an exchange-traded fund that uses a “passive” or indexing investment\napproach to attempt to approximate the investment performance of the MVIS^® US Listed Semiconductor 25 Index (the “Underlying\nIndex”) by investing in a portfolio of securities that generally replicates the Underlying Index. Van Eck Associates Corporation\n(“Van Eck”) serves as the Underlying ETF’s adviser. The investment objective of the Underlying ETF is to seek to replicate\nas closely as possible, before fees and expenses, the price and yield performance of the Underlying Index. See below for a description\nof the Underlying ETF’s principal investment strategies and risks. You can find the Underlying ETF’s prospectus and other\ninformation about the Underlying ETF, including the statement of additional information and most recent reports to shareholders, online\nat https://www.vaneck.com/us/en/investments/semiconductor-etf-smh/overview/.

The\nsummary information below regarding the Underlying ETF comes from its filings with the SEC (File No. 333-123257). You are urged to refer\nto the SEC filings made by the Underlying ETF and to other publicly available information (e.g., the Underlying ETF’s annual reports)\nto obtain an understanding of the Underlying ETF’s business and financial prospects.

The\nfollowing description of the Underlying ETF’s principal investment strategies was taken directly from the Underlying ETF’s\nprospectus, dated February 1, 2026 (defined terms have been modified).

“SMH\nnormally invests at least 80% of its total assets in securities that comprise SMH’s benchmark index. The Underlying Index\nincludes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor\nindustry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. To be initially\neligible for the Underlying Index, companies must generate at least 50% of their revenues from semiconductors. Semiconductors include\ncompanies engaged primarily in the production of semiconductors and semiconductor equipment. Of the largest 50 stocks in the semiconductor\nindustry by full market capitalization, the top 25 by free-float market capitalization (i.e., includes only shares that are readily available\nfor trading in the market) and three month average daily trading volume are included in the Underlying Index.”

As\nof September 30, 2026, the Underlying ETF had significant investments in information technology companies.

Shares\nof the Underlying ETF may be invested in directly without paying the fees and expenses associated with the Trust. There are a variety\nof other investments available that track or reference the Underlying Index.

You\nshould be aware that the expected outcomes stated herein may not be realized. Of course, as with any similar investment, there can be\nno guarantee that the objectives of the Trust will be achieved. See “Risk Factors” for a discussion of the risks of investing\nin the Trust.

\n \n \n

Hypothetical Examples

The examples that follow illustrate various\nscenarios with respect to the FLEX Options held by the Trust. The assumptions made in connection with these examples may not reflect actual\nevents. You should not take any example as an indication or assurance of the expected performance of the Underlying ETF, the FLEX Options\nor the Trust Units.

These examples do not attempt to present\nany projection of actual Trust performance. These examples are merely intended to illustrate the operation of the FLEX Options and the\nreturn or loss in certain situations. The hypothetical returns shown below do not reflect the deduction of the Trust’s sales charges\nor organization costs. Please note that the examples assume a capped return of approximately 35.55% (before the applicable sales charges\nand organization costs) and a buffer against the first 20% of Underlying ETF losses (before applicable sales charges and organization\ncosts).

Example 1 - FLEX Option Expiration Date closing price\nof the Underlying ETF increases by 60%

The following provides an example of how\nthe FLEX Options and cash held by the Trust would perform should the FLEX Option Expiration Date closing price of the Underlying ETF increase\nby 60% over the Initial Underlying ETF Level. Under this scenario, a $1,000.00 investment in the FLEX Options and cash held by the Trust\nwould provide a hypothetical return of approximately $1,355.54 on the Trust’s Mandatory Termination Date, consisting of:

•

receiving value of approximately $1,599.99 on the ITM Purchased Call Options,

•

no value being realized with respect to the OTM Written Put Options or the ATM Purchased Put\nOptions, as each would expire worthless,

•

losing value of approximately $244.50 on the OTM Written Call Options, and

•

receiving cash value of $0.05.

In this example, participation in the appreciation\nof the Underlying ETF is capped by the Capped Return feature. Therefore, an investment in the FLEX Options and cash held by the Trust\ndoes not benefit from the full appreciation of the Underlying ETF during the term of the Trust. Because of the Capped Return feature,\nreturn will be less than a direct investment in the Underlying ETF, which would not be subject to such a Capped Return. In this example,\nreturn on an investment in the FLEX Options and cash held by the Trust is not affected by\nthe Buffered Protection feature or the Maximum Loss feature.

In this example, the hypothetical total return\non an investment in the FLEX Options and cash held by the Trust used to pay the Trust’s annual operating expenses, would be approximately\n35.55%. The total return on an investment in the Trust under this scenario would be less than 35.55% because the price of Units will include\nthe applicable sales charges and organization costs. The price at which you will be able to purchase Units will be based on their valuation\nat the Evaluation Time on the date you purchase your Units, which will be higher than $10 per Unit, which will reduce your potential returns.\nThe hypothetical return above does not reflect the deduction of any sales charges or organization costs.

Example 2 - FLEX Option Expiration Date closing price\nof the Underlying ETF increases by 5%

The following provides an example of how\nthe FLEX Options and cash held by the Trust would perform should the expiration date closing price represent a 5% increase over the Initial\nUnderlying ETF Level. Under this scenario, a $1,000.00 investment in the FLEX Options and cash held by the Trust would provide a hypothetical\nreturn of approximately $1,050.04 on the Trust’s Mandatory Termination Date, consisting of:

•

receiving value of approximately $1,049.99 on the ITM Purchased Call Options,

•

no value being realized with respect to the OTM Written Put Options, the ATM Purchased Put Options\nor OTM Written Call Options, as each would expire worthless, and

•

receiving cash value of $0.05.

In this example, upside exposure to the Underlying\nETF is similar to the price return (not including returns from dividends) available from a direct investment in the Underlying ETF because\nthe performance of the Underlying ETF did not exceed the Capped Return. In this example, return on an investment in the FLEX Options and\ncash held by the Trust is not affected by the Buffered Protection feature, the Maximum Loss feature or the Capped Return feature.

In this example, the hypothetical total return\non an investment in the FLEX Options and cash held by the Trust used to pay the Trust’s\nannual operating expenses, would be approximately 5.00%. The total return on an investment in the Trust under this scenario would be less\nthan 5.00% because the price of Units will include the applicable sales charges and organization costs. The price at which you will be\nable to purchase Units will be based on their valuation at the Evaluation Time on the date you purchase your Units, which will be higher\nthan $10 per Unit, which will reduce your potential returns. The hypothetical return above does not reflect the deduction of any sales\ncharges or organization costs.

Example 3 - FLEX Option Expiration Date closing price\nof the Underlying ETF decreases by 5%

The\nfollowing provides an example of how the FLEX Options and cash held by the Trust would perform should the expiration date closing price\nrepresent a 5% decrease from the Initial Underlying ETF Level. Under this scenario, a $1,000.00 investment in the FLEX Options and cash\nheld by the Trust would provide a hypothetical return of approximately $1,000.04 on the Trust’s Mandatory Termination Date, consisting\nof:

•

receiving value of approximately $949.99 on the ITM Purchased Call Options,

•

receiving value of approximately $50.00 on the ATM Purchased Put Options,

•

no value being realized with respect to the OTM Written Put Options or OTM Written Call Options,\nas each would expire worthless, and

•

receiving cash value of $0.05.

In this example there are benefits from the\nBuffered Protection feature provided where the price of the Underlying ETF on the FLEX Option Expiration Date represents a decrease from\nthe Initial Underlying ETF Level, but by less than 20%. Because of the Buffered Protection feature, the Unit holder’s return would\nbe better than the price return (not including returns from dividends) from a direct investment in the Underlying ETF. In this example,\nreturn on an investment in the FLEX Options and cash held by the Trust is not affected by the Maximum Loss feature or Capped Return feature.

In this example, the hypothetical total return\non an investment in the FLEX Options and cash held by the Trust used to pay the Trust’s annual operating expenses, would be approximately\n0.00%. The total return on an investment in the Trust under this scenario would be less than 0.00% because the price of Units will include\nthe applicable sales charges and organization costs. The price at which you will be able to purchase Units will be based on their valuation\nat the Evaluation Time on the date you purchase your Units, which will be higher than $10 per Unit, which will reduce your potential returns.\nThe hypothetical return above does not reflect the deduction of any sales charges or organization costs.

Example 4 - FLEX Option Expiration Date closing price\nof the Underlying ETF decreases by 50%

The following provides an example of how\nthe FLEX Options and cash held by the Trust would perform should the expiration date closing price represent a 50% decrease from the Initial\nUnderlying ETF Level. Under this scenario, a $1,000.00 investment in the FLEX Options and cash held by the Trust would provide a hypothetical\nreturn of approximately $700.03 on the Trust’s Mandatory Termination Date, consisting of:

•

receiving value of approximately $499.99 on the ITM Purchased Call Options,

•

receiving value of approximately $500.00 on the ATM Purchased Put Options,

•

no value being realized with respect to the OTM Written Call Options, as they would expire worthless,

•

losing value of approximately $300.01 on the OTM Written Put Options, and

•

receiving cash value of $0.05.

In this example, there is a loss less than\nthe loss that would have resulted from a direct investment in the Underlying ETF (not including returns from dividends). In this example,\nreturn on an investment in the FLEX Options and cash held by the Trust benefits from the Buffered Protection feature, and is not affected\nby the Maximum Loss feature or Capped Return feature.

In this example, the hypothetical loss on\na investment in the FLEX Options and cash held by the Trust used to pay the Trust’s annual operating expenses, would be approximately\n–30.00%. The total return on an investment in the Trust under this scenario would be less than –30.00% because the price of\nUnits will include the applicable sales charges and organization costs. The price at which you will be able to purchase Units will be\nbased on their valuation at the Evaluation Time on the date you purchase your Units, which will be higher than $10 per Unit, which will\nreduce your potential returns. The hypothetical return above does not reflect the deduction of any sales charges or organization costs.

Example 5 - FLEX Option Expiration Date closing price of\nthe Underlying ETF decreases by 95%

The following provides an example of how\nthe FLEX Options and cash held by the Trust would perform should the expiration date closing price represent a 95% decrease from the Initial\nUnderlying ETF Level. Under this scenario, a $1,000.00 investment in the FLEX Options and cash held by the Trust would provide a hypothetical\nreturn of approximately $250.03 on the Trust’s Mandatory Termination Date, consisting\nof:

•

receiving value of approximately $49.98 on the ITM Purchased Call Options,

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receiving value of approximately $950.01 on the ATM Purchased Put Options,

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no value being realized with respect to the OTM Written Call Options, as they would expire worthless,

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losing value of approximately $750.01 on the OTM Written Put Options, and

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receiving cash value of $0.05.

In this example, there are benefits from\nthe Buffered Protection feature and a loss less than the loss that would have resulted from a direct investment in the Underlying ETF\n(not including returns from dividends). In this example, return on an investment in the FLEX Options and cash held by the Trust is not\naffected by the Capped Return feature.

In this example, the hypothetical loss on\nan investment in the FLEX Options and cash held by the Trust used to pay the Trust’s annual operating expenses, would be approximately\n–75.00%. The total return on an investment in the Trust under this scenario would be less than –75.00% because the price of\nUnits will include the applicable sales charges and organization costs. The price at which you will be able to purchase Units will be\nbased on their valuation at the Evaluation Time on the date you purchase your Units, which will be higher than $10 per Unit, which will\nreduce your potential returns. The hypothetical return above does not reflect the deduction of any sales charges or organization costs.

The return on Units redeemed prior to\nthe termination of the Trust will likely be less than the original Public Offering Price and the return that a Unit holder could expect\nif Units were held until the Trust’s termination. In addition, during the life of the Trust, the Unit value will not move proportionally\nwith changes in the value of the Underlying ETF. Any redemption of Units prior to the Trust’s termination could result in a substantial\nloss.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

TABLE OF HYPOTHETICAL SCENARIOS OF REDEMPTION AT MATURITY
	Hypothetical Underlying ETF Return		Hypothetical Final Distribution on Trust Mandatory Termination Date per Unit*	Hypothetical Percentage Gain or Loss to Unit Holders Based on Net Asset Value*	Hypothetical Percentage Gain or Loss to Unit Holders in a Brokerage Account*	Hypothetical Percentage Gain or Loss to Unit Holders in a “Wrap Fee” Account*
	100.00%	$	13.56	35.55%	32.55%	34.37%
	90.00%	$	13.56	35.55%	32.55%	34.37%
	80.00%	$	13.56	35.55%	32.55%	34.37%
	70.00%	$	13.56	35.55%	32.55%	34.37%
	60.00%	$	13.56	35.55%	32.55%	34.37%
	50.00%	$	13.56	35.55%	32.55%	34.37%
	40.00%	$	13.56	35.55%	32.55%	34.37%
	35.55%	$	13.56	35.55%	32.55%	34.37%
	30.00%	$	13.00	30.00%	27.12%	28.87%
	20.00%	$	12.00	20.00%	17.34%	18.95%
	15.00%	$	11.50	15.00%	12.45%	14.00%
	10.00%	$	11.00	10.00%	7.57%	9.04%
	5.00%	$	10.50	5.00%	2.68%	4.09%
	0.00%	$	10.00	0.00%	–2.21%	–0.87%
	–5.00%	$	10.00	0.00%	–2.21%	–0.87%
	–10.00%	$	10.00	0.00%	–2.21%	–0.87%
	–15.00%	$	10.00	0.00%	–2.21%	–0.87%
	–20.00%	$	10.00	0.00%	–2.21%	–0.87%
	–30.00%	$	9.00	–10.00%	–11.99%	–10.78%
	–40.00%	$	8.00	–20.00%	–21.77%	–20.70%
	–50.00%	$	7.00	–30.00%	–31.55%	–30.61%
	–60.00%	$	6.00	–40.00%	–41.33%	–40.52%
	–70.00%	$	5.00	–50.00%	–51.11%	–50.43%
	–80.00%	$	4.00	–60.00%	–60.88%	–60.35%
	–95.00%	$	2.50	–75.00%	–75.55%	–75.22%
	–100.00%	$	2.00	–80.00%	–80.44%	–80.17%

*The\namounts set forth above are after imposition of the Trust’s annual operating expenses.

These\nexamples do not show the past performance of the Underlying ETF or any investment. These examples are for illustrative purposes only and\nare not intended to be indicative of future results of the Underlying ETF, the FLEX Options or the Trust’s Units. You may realize\na return that is lower than the intended returns described above as a result of Units being redeemed prior to the Trust’s Mandatory\nTermination Date, purchasing Units at a price other than the initial net asset value of the Units on the Initial Date of Deposit, in the\nevent that the FLEX Options are otherwise liquidated by the Trust prior to expiration, if there is a lack of liquidity for the FLEX Options\nduring the life of the Trust or on the FLEX Option Expiration Date, if the Trust is unable to maintain the proportional relationship of\nthe FLEX Options based on the number of FLEX Option contracts in the Trust’s portfolio, if a Corporate Action (defined above) occurs\nwith respect to the Underlying ETF, or as a result of increases in potential tax-related expenses and other expenses of the Trust above\nestimated levels.

\n \n \n

Risk Factors

Price\nVolatility Risk. As with any investment, we cannot guarantee that the performance of the Trust will be positive over any period of\ntime, or that you won’t lose money. The Trust invests in FLEX Options. The value of the Trust’s Units will fluctuate with\nchanges in the value of the FLEX Options. The value of your Units may fall over time. Amounts available to distribute to Unit holders\non the Trust’s Mandatory Termination Date will depend primarily on the performance of the FLEX Options and are not guaranteed. The\nTrust seeks to provide returns related to the price performance of the Underlying ETF only, which does not include returns from distributions\npaid by the Underlying ETF. The Units, on the Trust’s Mandatory Termination Date and at any other point in time, may be worth less\nthan your original investment. In addition, during the life of the Trust, the Unit value will not move proportionally with changes in\nthe value of the Underlying ETF.

The\nTrust’s investment strategy has not been designed to achieve its objective if Units are bought after the Trust’s Initial Date\nof Deposit or redeemed prior to the Trust’s Mandatory Termination Date. Because the Trust is not managed, the Trustee will not sell\nSecurities in response to or in anticipation of market fluctuations, as is common in managed investments. Units of the Trust are not deposits\nof any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Underlying\nETF Market Risk. The FLEX Options represent indirect positions in the Underlying ETF and are subject to risks associated with changes\nin value as the price of the Underlying ETF rises or falls. The investment in the FLEX Options includes the risk that their value may\nbe affected by market risk related to the Underlying ETF, the Underlying Index and the value of the securities in the Underlying Index\nheld by the Underlying ETF. Market risk is the risk that the value of the securities will fluctuate. Market value fluctuates in response\nto various factors. These can include changes in interest rates, inflation, the financial condition of a security’s issuer, perceptions\nof an issuer, ratings on a bond, or political or economic events affecting the issuer. While the FLEX Options are individually related\nto the Underlying ETF, the return on the FLEX Options depends on the price of the Underlying ETF at the close of the NYSE on the FLEX\nOption Expiration Date and will be substantially determined by market conditions and the Underlying ETF and the value of the securities\ncomprising the Underlying ETF as of such time.

Common\nStocks Risk. The Underlying ETF is an ETF that seeks to replicate as closely as possible, before fees and expenses, the price and\nyield performance of the Underlying Index. The value of the Underlying ETF will fluctuate over time based on changes in the value of the\nUnderlying Index and securities represented by the Underlying ETF, which are subject to risks associated with investments in common stocks.\nCommon stocks are subject to the risk that their prices will fall. Common stock prices fluctuate for several reasons including changes\nin investors’ perceptions of the financial condition of an issuer or the general condition of the relevant stock market, such as\nmarket volatility, or when political or economic events affecting the issuers occur. Common stock prices may also be particularly sensitive\nto rising interest rates, as the cost of capital rises and borrowing costs increase, negatively impacting issuers. Common stocks represent\na proportional share of ownership in a company. Shareholders\nof common stocks have rights to receive payments that are generally subordinate to those of creditors of, or holders of debt obligations\nor preferred stocks of, such issuers. Common stocks are structurally subordinated to preferred stocks, bonds and other debt instruments\nin a company’s capital structure, and represent a residual claim on the issuer’s assets that have no value unless such assets\nare sufficient to cover all other claims.

Concentration\nRisk. When 25% or more of a trust’s portfolio is invested in securities that provide exposure to companies within a single sector,\nthe trust is considered to be concentrated in that particular sector. A portfolio concentrated in one or more sectors may present more\nrisks than a portfolio broadly diversified over several sectors.

The\nTrust is concentrated in investments that provide exposure to the information technology sector.

Information\nTechnology. A significant percentage of the stocks held by the Underlying ETF are issued by information technology companies. Technology\ncompanies are generally subject to the risks of rapidly changing technologies; short product life cycles; fierce competition; aggressive\npricing; frequent introduction of new or enhanced products; the loss of patent, copyright and trademark protections; cyclical market patterns;\nevolving industry standards; and frequent new product introductions. Technology companies may be smaller and less experienced companies,\nwith limited product lines, markets or financial resources. Technology company stocks have experienced extreme price and volume fluctuations\nthat are often unrelated to their operating performance. Also, the stocks of many Internet companies have exceptionally high price to\nearnings ratios with little or no earnings histories.

Semiconductor\nCompanies Risk. Competitive pressures may have a significant effect on the financial condition of semiconductor companies. The Underlying\nETF is subject to the risk that semiconductor companies may be similarly affected by particular economic or market events. As product\ncycles shorten and manufacturing capacity increases, these companies may become increasingly subject to aggressive pricing, which hampers\nprofitability. Semiconductor companies are vulnerable to wide fluctuations in securities prices due to rapid product obsolescence. Many\nsemiconductor companies may not successfully introduce new products, develop and maintain a loyal customer base or achieve general market\nacceptance for their products, and failure to do so could have a material adverse effect on their business, results of operations and\nfinancial condition. Reduced demand for end-user products, underutilization of manufacturing capacity, and other factors could adversely\nimpact the operating results of semiconductor companies. Semiconductor companies typically face high capital costs and such companies\nmay need additional financing, which may be difficult to obtain. They also may be subject to risks relating to research and development\ncosts and the availability and price of components. Moreover, they may be heavily dependent on intellectual property rights and may be\nadversely affected by loss or impairment of those rights. Some of the semiconductor companies are also engaged in other lines of business\nunrelated to the semiconductor business, and they may experience problems with these lines of business, which could adversely affect their\noperating results. The international operations of many semiconductor companies expose them to risks associated with instability and changes\nin economic and political conditions, foreign currency fluctuations, changes in foreign regulations, competition from subsidized foreign\ncompetitors with lower production costs, tariffs and trade disputes, and other risks inherent to international business. The semiconductor\nindustry is highly cyclical, which may cause the operating results of many semiconductor companies to vary significantly. Semiconductor\ncompanies also may be subject to competition from new market entrants. The stock prices of semiconductor companies have been and will\nlikely continue to be extremely volatile compared to the overall market.

Foreign\nSecurities Risk. Certain of the securities held by the Underlying ETF are issued by foreign entities. Risks of foreign securities\ninclude higher brokerage costs; different accounting standards; expropriation, nationalization or other adverse political or economic\ndevelopments; currency devaluations, blockages or transfer restrictions; restrictions on foreign investments and exchange of securities;\ninadequate financial information; lack of liquidity of certain foreign markets; and less government supervision and regulation of exchanges,\nbrokers, and issuers in foreign countries. Certain foreign markets have experienced heightened volatility due to recent negative political\nor economic developments or natural disasters. Securities issued by non-U.S. issuers may pay dividends in foreign currencies and may be\nprincipally traded in foreign currencies. Therefore, there is a risk that the U.S. dollar value of these dividend payments and/or securities\nwill vary with fluctuations in foreign exchange rates.

Emerging\nand Developing Markets Risk. Certain of the securities held by the Underlying ETF are issued by emerging and developing market companies.\nRisks of investing in emerging and developing countries are even greater than the risks associated with foreign investments in general.\nThese increased risks include, among other risks, the possibility of investment and trading limitations, greater liquidity concerns, higher\nprice volatility, greater delays and disruptions in settlement transactions, greater political uncertainties and greater dependence on\ninternational trade or development assistance. In addition, less information about emerging and developing market companies is publicly\navailable due to differences in regulatory, accounting, audit and financial recordkeeping standards and information that is available\nmay be unreliable or outdated. Moreover, the rights and remedies associated with emerging and developing market investment securities\nmay be different than those available for investments in more developed markets. Furthermore, emerging and developing market countries\nmay be subject to overburdened infrastructures, obsolete financial systems and environmental problems. For these reasons, investments\nin emerging and developing markets are often considered speculative.

Depositary\nReceipts Risk. Certain of the securities held by the Underlying ETF are depositary receipts. Depositary receipts (which may include\nAmerican Depositary Receipts/ADRs, Global Depositary Receipts/GDRs, New York Registry Shares, and/or similarly structured securities)\nare securities issued by a bank or trust company reflecting ownership of underlying securities issued by a foreign company. Depositary\nreceipts may be less liquid than the underlying shares in their primary trading market. Any distributions paid to the holders of depositary\nreceipts are usually subject to a fee charged by the depositary. Holders of depositary receipts may have limited voting rights, and investment\nrestrictions in certain countries may adversely impact the value of depositary receipts because such restrictions may limit the ability\nto convert shares into depositary receipts and vice versa. Such restrictions may cause shares of the underlying issuer to trade at a discount\nor premium to the market price of the depositary receipts. Moreover, depositary receipts may be “sponsored” or “unsponsored.”\nSponsored depositary receipts are established jointly by a depositary and the underlying issuer, whereas unsponsored depositary receipts\nmay be established by a depositary without participation by the underlying issuer. Holders of unsponsored depositary receipts generally\nbear all the costs associated with establishing the unsponsored depositary receipts. In addition, the issuers of the securities underlying\nunsponsored depositary receipts are not obligated to disclose material information in the U.S. and, therefore, there may be less information\navailable regarding such issuers and there may not be a correlation between such information and the market value of the depositary receipts.\n

Equity\nInvesting Risk. Because the Trust holds FLEX Options that reference the Underlying ETF, the Trust has exposure to an investment in\nthe Underlying ETF, which involves risks similar to those of investing in any fund of equity securities, such as market fluctuations caused\nby such factors as economic and political developments, changes in interest rates and perceived trends in securities prices.

An\ninvestment in the Underlying ETF is subject to the risks of any investment in a broadly based portfolio of common stocks, including the\nrisk that the general level of stock prices may decline, thereby adversely affecting the value of such investment. The value of securities\nmay fluctuate in accordance with changes in the financial condition of the issuers of the securities, the value of common stocks generally\nand other factors. The identity and weighting of the securities change from time to time.

The\nfinancial condition of issuers of the securities may become impaired or the general condition of the stock market may deteriorate, either\nof which may cause a decrease in the value of the portfolio and thus in the value of units. Since the Underlying ETF is not actively managed,\nthe adverse financial condition of an issuer will not result in its elimination from the portfolio unless such issuer is removed from\nthe Index.

Common\nstocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and\nperceptions of their issuers change. These investor perceptions are based on various and unpredictable factors, including expectations\nregarding government, economic, monetary and fiscal policies, inflation and interest rates, economic expansion or contraction, and global\nor regional political, economic and banking crises.

Holders\nof common stocks of any given issuer incur more risk than holders of preferred stocks and debt obligations of the issuer because the rights\nof common stockholders, as owners of the issuer, generally are subordinate to the rights of creditors of, or holders of debt obligations\nor preferred stocks issued by, such issuer. Further, unlike debt securities that typically have a stated principal amount payable at maturity,\nor preferred stocks that typically have a liquidation preference and may have stated optional or mandatory redemption provisions, common\nstocks have neither a fixed principal amount nor a maturity. Common stock values are subject to market fluctuations as long as the common\nstock remains outstanding. The value of the portfolio will fluctuate over the entire life of the Trust.

Small\nand/or Mid Capitalization Companies Risk. Certain of the securities held by the Underlying ETF are issued by small and/or mid capitalization\ncompanies. Investing in stocks of such companies may involve greater risk than investing in larger companies. For example, such companies\nmay have limited product lines, as well as shorter operating histories, less experienced management and more limited financial resources\nthan larger companies. Securities of such companies generally trade in lower volumes and are generally subject to greater and less predictable\nchanges in price than securities of larger companies. In addition, small and mid-cap stocks may not be widely followed by the investment\ncommunity, which may result in low demand.

Large\nCapitalization Companies Risk. The securities held by the Underlying ETF are issued by large capitalization companies. The return\non investment in stocks of large capitalization companies may be less than the return on investment in stocks of small and/or mid capitalization\ncompanies. Large capitalization companies may also grow at a slower rate than the overall market.

Capped\nUpside Risk. The Trust’s strategy seeks to provide returns that match those of the Underlying ETF for Units purchased on the\nTrust’s Initial Date of Deposit and held for the entire Outcome Period, subject to a pre-determined upside cap. If an investor does\nnot hold its Units for the entire Outcome Period, the returns realized by that investor may not match those that the Trust seeks to achieve.\nIf the Underlying ETF experiences gains during the Outcome Period, the Trust will not participate in those gains beyond the cap. If the\nanticipated return approaches the cap during the life of the Trust, some investors may choose to redeem early. Such behavior may impose\nincreased costs on the Trust, reducing the return to the remaining Unit holders.

Buffered\nLoss Risk. There can be no guarantee that the Trust will be successful in its strategy to buffer against Underlying ETF losses if\nthe Underlying ETF decreases over the Outcome Period by 20% or less. A Unit holder may lose their entire investment. The Trust’s\nstrategy seeks to deliver returns that match the price return of the Underlying ETF (up to the cap), while covering the first 20% of downside\nlosses, if Units are bought on the day on which the Trust enters into the FLEX Options and held until those FLEX Options expire at the\nend of the Outcome Period. In the event an investor sells or redeems Units prior to the expiration of the FLEX Options, the buffer that\nthe Trust seeks to provide may not be available.

Dilution\nRisk. If we deposit cash, you and new investors may experience a dilution of your investment. This is because prices of Securities\nwill fluctuate between the time of the cash deposit and the purchase of the Securities, and because the Trust pays the associated brokerage\nfees. To reduce this dilution, the Trust will try to buy the Securities as close to the Evaluation Time and as close to the evaluation\nprice as possible. You may also experience a dilution of your investment when the Trust sells Securities to meet redemption requests.\nBecause the Trust pays the brokerage fees associated with the sale of Securities to meet redemption and exchange requests, frequent redemption\nand exchange activity will likely result in higher brokerage expenses. To the extent there is a dilution to your investment it is highly\nlikely that you will not receive the hypothetical returns set forth in this prospectus.

Outcome\nPeriod Risk. The Trust’s investment strategy is designed to deliver returns that match those of the Underlying ETF if Units\nare bought on the day on which the Trust enters into the FLEX Options (i.e., the first day of the Outcome Period) and held until those\nFLEX Options expire at the end of the Outcome Period, subject to the predetermined upside return cap. In the event an investor purchases\nUnits after the first day of the Outcome Period or sells or redeems Units prior to the end of the Outcome Period, the value of that investor’s\ninvestment in their Units may not be buffered against a decline in the value of the Underlying ETF and may not participate in a gain in\nthe value of the Underlying ETF up to the cap for the investor’s investment period.

FLEX\nOptions Risk. Trading FLEX Options involves risks different from, or possibly greater than, the risks associated with investing directly\nin securities. The Trust may experience substantial downside from specific FLEX Option positions and certain FLEX Option positions may\nexpire worthless. The FLEX Options are listed on an exchange; however, no one can guarantee that a liquid secondary trading market will\nexist for the FLEX Options. In the event that trading in the FLEX Options is limited or absent, the value of the Trust’s FLEX Options\nmay decrease. In a less liquid market for the FLEX Options, liquidating the FLEX Options may require the payment of a premium (for written\nFLEX Options) or acceptance of a discounted price (for purchased FLEX Options) and may take longer to complete. A less liquid trading\nmarket may adversely impact the value of the FLEX Options and Trust Units and result in the Trust being unable to achieve its investment\nobjective. Less liquidity in the trading of the Trusts FLEX Options could have an impact on the prices paid or received by the Trust for\nthe FLEX Options in connection with redemptions of the Trust’s Units. Depending on the nature of this impact to pricing, the Trust\nmay be forced to pay more for redemptions than the price at which it currently values the FLEX Options. Such overpayment could reduce\nthe Trust’s ability to maintain the cap and buffer. Additionally, in a less liquid market for the FLEX Options, the liquidation\nof a large number of options may more significantly impact the price. A less liquid trading market may adversely impact the value of the\nFLEX Options and the value of your investment. The trading in FLEX Options may be less deep and liquid than the market for certain other\nexchange-traded options, non-customized options or other securities.

Transactions\nin FLEX Options are required to be centrally cleared. In a transaction involving FLEX Options, the Trust’s counterparty is the OCC,\nrather than a bank or broker. Since the Trust is not a member of the OCC and only members (“clearing members”) can participate\ndirectly in the OCC, the Trust will hold its FLEX Options through accounts at clearing members. Although clearing members guarantee performance\nof their clients’ obligations to the OCC, there is a risk that the assets of the Trust might not be fully protected in the event\nof a clearing member’s bankruptcy, as the Trust would be limited to recovering only a pro rata share of all available funds segregated\non behalf of the clearing member’s customers for the relevant account class. Additionally, the OCC may be unable or unwilling to\nperform its obligations under the FLEX Options contracts.

FLEX\nOptions Valuation Risk. The FLEX Options held by the Trust will be exercisable at the strike price only on their expiration date.\nPrior to the expiration date, the value of the FLEX Options will be determined based upon market quotations or using other recognized\npricing methods. The value of the FLEX Options does not increase or decrease at the same rate as the Underlying ETF (although they generally\nmove in the same direction) or its underlying securities and FLEX Option prices may be highly volatile and may fluctuate substantially\nduring a short period of time. The value of the FLEX Options prior to the expiration date may vary because of factors other than the value\nof the Underlying ETF, such as interest rate changes, changing supply and demand, decreased liquidity of the FLEX Options, a change in\nthe actual and perceived volatility of the stock market and the Underlying ETF and the remaining time to expiration. An increase in the\nvalue of the written FLEX Options reduces the value of your Units. As the value of the written FLEX Options increases, the written FLEX\nOptions have a more negative impact on the value of your Units. You should note that even if the value of the Underlying ETF does not\nchange, if the value of a written FLEX Option increases (for example, based on increased volatility of the Underlying Index) your Units\nwill lose value. After the premium is received on the written FLEX Options, the written FLEX Options will reduce the value of your Units.

During\nperiods of reduced market liquidity or in the absence of readily available market quotations for the holdings of the Trust, the ability\nof the Sponsor to value the FLEX Options based on their good faith determination of the fair value becomes more difficult and the judgment\nof the Sponsor may play a greater role in the valuation of the Trust’s holdings due to reduced availability of reliable objective\npricing data. Consequently, while such determinations may be made in good faith, it may nevertheless be more difficult for the Trust to\naccurately assign a daily value and could result in greater fluctuation in their valuations from one day to the next than if market quotations\nwere used. Under those circumstances, the value of the FLEX Options will require more reliance on the Sponsor’s judgment than that\nrequired for securities for which there is an active trading market. This creates a risk of mispricing or improper valuation of the FLEX\nOptions which could impact the value of the Trust’s Units. There is no assurance that the Trust could sell or close out a portfolio\nposition for the value established for it at any time, and it is possible that the Trust would incur a loss because a portfolio position\nis sold or closed out at a discount to the valuation established by the Trust at that time. In addition, the Trust’s ability to\nvalue investments may be impacted by technological issues or errors by pricing services or other third-party service providers.

Investment\nin the Underlying ETF Risk. Because the Trust holds FLEX Options that reference a fund, Unit holders are subject to the risk that\nthe securities selected by the fund’s investment advisor will underperform the markets, the relevant indices or the securities selected\nby other funds. Further, the fund may in the future invest in other types of securities which involve risk which may differ from those\nset forth below. The fund referenced by the FLEX Options held by the Trust may invest a relatively high percentage of its assets in a\nlimited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting\none or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

ETFs\nRisk. ETFs are investment pools that hold other securities. The FLEX Options represent indirect positions in the Underlying ETF, which\nis an ETF, and are subject to risks associated with changes in value of the Underlying ETF, such as the following:

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Index Correlation and Tracking Error Risk. While the Underlying ETF is intended to track\nthe performance of the Underlying Index, the Underlying ETF’s returns may not match or achieve a high degree of correlation with\nthe return of the Underlying Index. Index correlation risk is the risk that the performance of an index-based ETF will vary from the actual\nperformance of the fund’s target index, known as “tracking error.” This can happen due to transaction costs, market\nimpact, corporate actions (such as mergers and spin-offs) and timing variances. In addition, it is possible that the Underlying ETF may\nnot always fully replicate the securities contained in the Underlying Index.

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Market Trading Risk. The Underlying ETF is structured as an exchange-traded fund registered under the 1940 Act. Unlike typical\nopen-end funds or unit investment trusts, ETFs generally do not sell or redeem their individual shares at net asset value. Shares of ETFs\nmay trade at a discount from their net asset value in the secondary market. This risk is separate and distinct from the risk that the\nnet asset value of the ETF shares may decrease. The amount of such discount from net asset value is subject to change from time to time\nin response to various factors. ETFs generally sell and redeem shares in large blocks (often known as “Creation Units”). In\naddition, securities exchanges list ETF shares for trading, which allows investors to purchase and sell individual ETF shares at current\nmarket prices throughout the day. ETFs therefore possess characteristics of traditional open-end funds and unit investment trusts, which\nissue redeemable shares, and of corporate common stocks or closed-end funds, which generally issue shares that trade at negotiated prices\non securities exchanges and are not redeemable.

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Passive Investment Risk. The Underlying ETF is a passively-managed index fund that seeks to replicate the performance and composition\nof the Underlying Index. As a result, the Underlying ETF will hold constituent securities of the Underlying Index regardless of the current\nor projected performance on a specific security or particular industry or market sector. Maintaining investments in the securities regardless\nof market conditions of the performance of individual securities could cause the Underlying ETF’s returns to be lower than if it\nemployed an active strategy.

Counterparty Risk. Trust transactions\ninvolving a counterparty are subject to the risk that the counterparty will not fulfill its obligation to the Trust. Counterparty risk\nmay arise because of the counterparty’s financial condition (i.e., financial difficulties, bankruptcy, or insolvency), market activities\nand developments, or other reasons, whether foreseen or not. A counterparty’s inability to fulfill its obligation may result in\nsignificant financial loss to the Trust. The Trust may be unable to recover its investment from the counterparty or may obtain a limited\nrecovery, and/or recovery may be delayed. The OCC acts as guarantor and central counterparty with respect to the FLEX Options. As a result,\nthe ability of the Trust to meet its objective depends on the OCC being able to meet its obligations. In the unlikely event that the OCC\nbecomes insolvent or is otherwise unable to meet its settlement obligations, the Trust could suffer significant losses.

Tax Risk. The Trust intends to treat\nany income it may derive from the FLEX Options as “qualifying income” under the provisions of the Code applicable to regulated\ninvestment companies (“RICs”). In addition, based upon language in the legislative history, the Trust intends to treat the\nissuer of the FLEX Options as the referenced asset, which, assuming the referenced asset qualifies as a RIC, would allow the Trust to\nqualify for special rules in the RIC diversification requirements. If the income is not qualifying income or the issuer of the FLEX Options\nis not appropriately the referenced asset, the Trust could lose its own status as a RIC.

Regulated Investment Company Qualification\nRisk. To maintain its status as a RIC, the Trust must distribute at least 90% of its investment company taxable income and at least\n90% of its net tax-exempt interest income annually. In addition, to avoid a non-deductible excise tax, the Trust must distribute at least\n98% of its ordinary income and at least 98.2% of its capital gain net income. The Trust has entered into option agreements with the same\ncounterparty and taken the position that the option agreements are separate agreements. Under general tax principles, a regulated investment\ncompany would not accrue income on separate option agreements during the term of the agreements. However, if the agreements are treated\nas one agreement, the Trust might be required to accrue income currently during the term and make annual distributions of income. If the\nTrust is required to accrue income but does not distribute the income to the investors, the Trust may fail to qualify as a regulated investment\ncompany. In addition, if the agreements are treated as one agreement, the Trust may fail either or both of the RIC income and diversification\ntests. Separately, depending upon the circumstances, sales to fund redemptions could cause the Trust to recognize income that the Trust\nis required to distribute to maintain the Trust’s RIC status and avoid the excise tax. Funding such distributions could require\nadditional sales, which could require more distributions and affect the projected performance of the Trust. Alternatively, if the Trust\nonly makes distributions to maintain its RIC status and becomes subject to the excise tax, that could also affect the projected performance\nof the Trust. In either case, the assets sold to fund redemptions, distributions or pay the excise tax will not be available to assist\nthe Trust in meeting its target outcome. If the Trust fails to qualify as a regulated investment company, it will be subject to tax as\na C corporation.

Section\n1258 Risk. Section 1258 of the Internal Revenue Code requires the gain from conversion transactions to be recharacterized as ordinary\nincome. The Trust contains a straddle, which would generally produce ordinary income or short term capital gain. When a transaction sold\nas producing capital gains from certain types of investments, including straddles that create a return tied to the time value of money,\nthe transaction may be treated as a conversion transaction, and all gain from the transaction may be treated as ordinary income.

Early\nTrust Termination Risk. The Trustee has the power to terminate your Trust early in limited cases as described under “Amending\nor Terminating the Indenture” including if the value of the Securities owned by the Trust as shown by any evaluation is less than\nthe lower of $2,000,000 or 20% of the total value of Securities deposited in the Trust during the initial offering period. This could\nresult in a reduction in the value of Units and result in a significant loss to investors.

Distributions\nRisk. If the amount of cash in the Income and Capital Accounts of the Trust are insufficient to provide for expenses and other amounts\npayable by the Trust, the Trust may sell Securities to pay such amounts. These sales may result in losses to Unit holders and the inability\nof the Trust to meet its investment objective. There is no assurance that your investment will maintain its size or composition.

Market Risk. Market risk is the risk that\na particular security, or Units of the Trust in general, may fall in value or underperform other investments. Securities are subject to\nmarket fluctuations caused by such factors as economic, political, regulatory or market developments, changes in interest rates and perceived\ntrends in securities prices. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest\nrates and may continue to do so. Potential future bank failures could result in disruption to the broader banking industry or markets\ngenerally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce\nliquidity. Additionally, challenges in commercial real estate markets, including declining valuations and elevated vacancies, could have\na broader impact on financial markets. In addition, local, regional or global events such as war, acts of terrorism, natural disasters,\nspread of infectious diseases or other public health issues, recessions, political turbulence or other events could have a significant\nnegative impact on the Trust and its investments. The ongoing adversarial political climate in the United States, as well as political\nand diplomatic events both domestic and abroad, have had and may continue to have an adverse impact on the U.S. regulatory landscape,\nmarkets and investor behavior, which could have a negative impact on the Trust’s investments and operations. The change in administration\nresulting from the 2024 United States national elections could result in significant impacts to international trade relations, tax and\nimmigration policies, and other aspects of the national and international political and financial landscape, which could affect, among\nother things, inflation and the securities markets generally. Administrative actions against companies in certain industries, such as\nthe defense industry, prohibiting them from paying dividends or engaging in stock buybacks, may negatively impact the performance of such\ncompanies and the Trust’s investments. Ongoing armed conflicts between Russia and Ukraine in Europe and among the United States,\nIsrael, Iran, Hamas, Hezbollah and other militant groups in the Middle East, have caused and could continue to cause significant market\ndisruptions and volatility within the markets in Russia, Europe, the Middle East, the United States, and other nations. Such events may\nalso disrupt global trade and supply chains, increase sanctions and other governmental actions, and contribute to volatility in oil and\nnatural gas markets. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain Trust investments\nas well as Trust performance. The economies of the United States and its trading partners, as well as the financial markets generally,\nmay be adversely impacted by trade disputes, including the imposition of tariffs, and other matters. A public health crisis, and the ensuing\npolicies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial\nmarkets, negatively impacting global growth prospects. Such events may affect certain geographic regions, countries, sectors and industries\nmore significantly than others. Advancements in technology may also adversely impact markets and the overall performance of the Trust.\nFor instance, the economy may be significantly impacted by the advanced development and increased regulation of artificial intelligence.\nAdditionally, cybersecurity breaches of both government and non-government entities could have negative impacts on infrastructure and\nthe ability of such entities, including the Trust, to operate properly. Such events could adversely affect the prices and liquidity of\nthe Trust’s portfolio securities and could result in disruptions in the trading markets. Any such circumstances could have a materially\nnegative impact on the value of the Trust’s Units and result in increased market volatility.

Absence\nof an Active Market in the Underlying ETF Risk. The Underlying ETF faces numerous market trading risks, including the potential lack\nof an active market for Underlying ETF shares due to a limited number of market markers or authorized participants. The Underlying ETF\nmay rely on a small number of third-party market makers to provide a market for the purchase and sale of shares and market makers are\nunder no obligation to make a market in the Underlying ETF’s shares. Additionally, only a limited number of institutions act as\nauthorized participants for the Underlying ETF and only an authorized participant may engage in creation or redemption transactions directly\nwith the Underlying ETF and are not obligated to submit purchase or redemption orders for creation units. Decisions by market makers or\nauthorized participants to reduce their role or step away from these activities in times of market stress could inhibit the effectiveness\nof the arbitrage process in maintaining the relationship between the underlying values of the Underlying ETF’s portfolio securities\nand the Underlying ETF’s market price. Any trading halt or other problem relating to the trading activity of these market makers\nor any issues disrupting the authorized participants’ ability to proceed with creation and/or redemption orders could result in\na dramatic change in the spread between the Underlying ETF’s net asset value and the price at which the Underlying ETF’s shares\nare trading on the Exchange, which could result in a decrease in value of the Underlying ETF’s shares. This reduced effectiveness\ncould result in the Underlying ETF’s shares trading at a premium or discount to net asset value and also in greater than normal\nintraday bid-ask spreads for Underlying ETF’s shares.

Fluctuation\nof Net Asset Value of the Underlying ETF Risk. The net asset value of shares of the Underlying ETF will generally fluctuate with changes\nin the market value of the Underlying ETF’s holdings. The market prices of shares will generally fluctuate in accordance with changes\nin net asset value as well as the relative supply of and demand for shares on the exchange on which they trade. The bid/ask spread may\nalso widen depending on market conditions and the liquidity of the underlying investments held by the Underlying ETF. The Trust cannot\npredict whether shares will trade below, at or above their net asset value because the shares trade on an exchange at market prices and\nnot at net asset value. Price differences may be due, in large part, to the fact that supply and demand forces at work in the secondary\ntrading market for shares will be closely related to, but not identical to, the same forces influencing the prices of the holdings of\nthe Underlying ETF trading individually or in the aggregate at any point in time.

Underlying ETF Trading Issues Risk. Although\nthe shares of the Underlying ETF are listed for trading on a securities exchange, there can be no assurance that an active trading market\nfor such shares will develop or be maintained. Trading in shares on such exchanges may be halted due to market conditions or for reasons\nthat, in the view of an exchange, make trading in shares inadvisable. In addition, trading in shares on an exchange is subject to trading\nhalts caused by extraordinary market volatility pursuant to the exchange’s “circuit breaker” rules. Market makers are\nunder no obligation to make a market in the Underlying ETF shares. There can be no assurance that the requirements of the exchange necessary\nto maintain the listing of the Underlying ETF will continue to be met or will remain unchanged. In particular, if the Underlying ETF does\nnot comply with any provision of the listing standards of an exchange that are applicable to the Underlying ETF, and cannot bring itself\ninto compliance within a reasonable period after discovering the matter, the exchange may remove the shares of the Underlying ETF from\nlisting. The Underlying ETF may have difficulty maintaining its listing on an exchange in the event that the Underlying ETF’s assets\nare small or the Underlying ETF does not have enough shareholders.

Cybersecurity\nRisk. As the use of Internet technology has become more prevalent in the course of business, the Trust has become more susceptible\nto potential operational, information security and related risks through breaches in cybersecurity. A breach in cybersecurity refers to\nboth intentional and unintentional events that may cause the Trust to lose proprietary information, suffer data corruption or lose operational\ncapacity, any of which could result in a material adverse effect on the Trust or its Unit holders. Such events could cause the Sponsor\nof the Trust to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or\nfinancial loss. Cybersecurity breaches may involve unauthorized access to digital information systems utilized by the Trust through “hacking”\nor malicious software coding, but may also result from outside attacks such as denial-of service attacks through efforts to make network\nservices unavailable to intended users. Emerging threats like ransomware or zero-day exploits could also cause disruptions to Trust operations.\nIn addition, cybersecurity breaches of the Trust’s third-party service providers, or issuers in which the Trust invests, can also\nsubject the Trust to many of the same risks associated with direct cybersecurity breaches. Further, errors, misconduct, or compromise\nof accounts of employees of the Sponsor, Portfolio Supervisor or the Trust’s third-party service providers can also create material\ncybersecurity risks. The Sponsor of, and third-party service provider to, the Trust have established risk management systems designed\nto reduce the risks associated with cybersecurity. However, there is no guarantee that such efforts will succeed, especially because the\nTrust does not directly control the cybersecurity systems of issuers or third-party service providers. Cybersecurity incidents may also\ntrigger Trust obligations under data privacy laws, potentially increasing notification and compliance burdens. Cybersecurity incidents\naffecting issuers in whose securities the Trust invests may also have a negative impact on the value of the securities of such issuers,\nand in turn, the value of the Trust.

Operational\nRisk. The Trust is subject to risks arising from various operational factors, including, but not limited to, human error, processing\nand communication errors, errors of the Trust’s service providers, counterparties or other third-parties, failed or inadequate processes\nand technology or systems failures. These errors or failures may adversely affect the Trust’s operations, including its ability\nto execute its investment process, calculate or disseminate its NAV in a timely manner, and process purchases or redemptions. The Trust\nrelies on third-parties for a range of services. Any delay or failure relating to engaging or maintaining such service providers may affect\nthe Trust’s ability to meet its investment objective. Although the Trust seeks to reduce these operational risks through controls\nand procedures, there is no way to completely protect against such risks.

Legislation/Litigation\nRisk. From time to time, various legislative initiatives are proposed in the United States and abroad which may have a negative impact\non certain of the Trust’s investments. For example, recently adopted tax legislation, tax regulations proposed by the U.S. Treasury\nor positions taken by the Internal Revenue Service could affect the value of the Trust by changing the taxation or tax characterizations\nof the Trust’s investments, or dividends and other income paid by or related to such Securities. Litigation regarding any of the\nissuers of the Securities, or the industries represented by these issuers, may negatively impact the value of these Securities. We cannot\npredict what impact any pending or proposed legislation or pending or threatened litigation will have on the value of the Trust’s\ninvestments.

\n \n \n

Who Should Invest

You should consider an investment in the\nTrust if you want:

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the potential for capital appreciation on the Underlying ETF subject to a cap and with a limited degree of downside “buffered”\nprotection.

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to forgo gains greater than the Capped Return.

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a growth-oriented investment that will receive no periodic distributions.

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to accept the risk of as much as a 80% loss of principal.

You should not consider an investment in\nthe Trust if you:

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are uncomfortable with the risks of an unmanaged investment in option contracts.

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are uncomfortable with exposure to the risks associated with the Trust’s FLEX Options.

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are uncomfortable with a return that depends upon the performance of the Underlying ETF.

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are uncomfortable foregoing gains greater than the Capped Return.

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are not willing to be subject to a maximum return that is less than the Capped Return (potentially much less), or a buffer that is\nless than the “Buffered Protection,” if Units are purchased at a price other than the initial net asset value.

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are uncomfortable with the risk that you may lose as much as 80% of your principal.

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are uncomfortable with not receiving any income or periodic distributions.

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cannot hold the Units until the Mandatory Termination Date.

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are considering purchasing Units at or near the Capped Return.

\n \n \n

Public Offering

The Public Offering Price.

Units will be purchased at the Public Offering\nPrice, the price per Unit of which is comprised of the following:

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The aggregate underlying value of the purchased FLEX Options, less the value of the written FLEX Options;

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The amount of any cash in the Income and Capital Accounts; and

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The maximum sales charge (which combines an initial upfront sales charge and the creation and development fee).

The price you pay for your Units will differ\nfrom the amount stated under “Summary of Essential Information” due to various factors, including fluctuations in the prices\nof the Securities and changes in the value of the Income and/or Capital Accounts.

Although\nyou are not required to pay for your Units until one business day following your order (the “date of settlement”), you may\npay before then. You will become the owner of Units (“Record Owner”) on the date of settlement if payment has been received.\nIf you pay for your Units before the date of settlement, we may use your payment during this time and it may be considered a benefit to\nus, subject to the limitations of the Securities Exchange Act of 1934, as amended.

The\nnumber of Units available may be insufficient to meet demand. This may be because of the Sponsor’s inability to, or decision not\nto, purchase and deposit underlying Securities in amounts sufficient to maintain the proportionate numbers of shares of each Security\nas required to create additional Units or because of its inability to sell FLEX Options.

Organization\nCosts. Cash which comprises the portion of the Public Offering Price intended to be used to reimburse the Sponsor for the Trust’s\norganization costs (including costs of preparing the registration statement, the Indenture and other closing documents, registering Units\nwith the SEC and states, the initial audit of the Trust’s statement of net assets, legal fees and the initial fees and expenses\nof the Trustee) has been included in the Trust. The Sponsor will be reimbursed for the Trust’s organization costs at the end of\nthe initial offering period (a significantly shorter time period than the life of the Trust). To the extent actual organization costs\nare less than the estimated amount, only the actual organization costs will ultimately be charged to the Trust.

Minimum Purchase.

The\nminimum amount per account you can purchase of the Trust is generally $1,000 worth of Units, but such amounts may vary depending on your\nselling firm.

Maximum Sales Charge.

The\nmaximum sales charge of 1.85% per Unit is comprised of a transactional sales charge and a\ncreation and development fee. After the initial offering period the maximum sales charge will be reduced by 0.49%, to reflect the amount\nof the previously charged creation and development fee.

Transactional Sales Charge.

The\ntransactional sales charge you will pay is comprised of an initial sales charge.

Initial\nSales Charge. The initial sales charge, which you will pay at the time of purchase, is equal to the difference between the maximum\nsales charge of 1.85% of the Public Offering Price and the remaining creation and development fee (initially $.050 per Unit). On the Initial\nDate of Deposit, the initial sales charge is equal to approximately 1.36% of the Public Offering Price of a Unit. Thereafter, it will\nvary from 1.36% depending on the purchase price of your Units and as the creation and development fee payments are made. When the Public\nOffering Price per Unit exceeds $10.226, the initial sales charge will exceed 1.36% of the Public Offering Price.

Creation and Development Fee.

As\nSponsor, we will also receive, and the Unit holders will pay, a creation and development fee. See “Expenses and Charges” for\na description of the services provided for this fee. The creation and development fee is a charge of $.050 per Unit collected at the end\nof the initial offering period.

Discounts for Certain Persons.

The\nmaximum sales charge is 1.85% per Unit and the maximum dealer concession is 1.25% per Unit.

If\nyou are purchasing Units for an investment account, the terms of which provide that your registered investment advisor or registered broker/dealer\n(a) charges periodic fees in lieu of commissions; (b) charges for financial planning, investment advisory or asset management\nservices; or (c) charges a comprehensive “wrap fee” or similar fee for these or comparable services (“Fee Accounts”),\nyou will not be assessed the transactional sales charge described above on such purchases. These Units will be designated as Fee Account\nUnits and assigned a Fee Account CUSIP Number. Certain Fee Account Unit holders may be assessed transaction or other account fees on the\npurchase and/or redemption of such Units by their registered investment advisor, broker/dealer or other processing organizations for providing\ncertain transaction or account activities. Fee Account Units are not available for purchase in the secondary market. We reserve the right\nto limit or deny purchases of Units not subject to the transactional sales charge by investors whose frequent trading activity we determine\nto be detrimental to the Trust.

Employees,\nofficers and directors (and immediate family members) of the Sponsor, our related companies, and dealers and their affiliates will purchase\nUnits at the Public Offering Price less the applicable dealer concession, subject to the policies of the related selling firm. Immediate\nfamily members include spouses, or the equivalent if recognized under local law, children or step-children under the age of 21 living\nin the same household, parents or step-parents and trustees, custodians or fiduciaries for the benefit of such persons. Only employees,\nofficers and directors of companies that allow their employees to participate in this employee discount program are eligible for the discounts.

The Value of the Securities.

The\nSponsor will determine the aggregate underlying value of the Securities in the Trust as of the Evaluation Time on each business day and\nwill adjust the Public Offering Price of the Units according to this valuation. This Public Offering Price will be effective for all orders\nreceived before the Evaluation Time on each such day. If we or the Trustee receive orders for purchases, sales or redemptions after that\ntime, or on a day which is not a business day, they will be held until the next determination of price. The term “business day”\nas used in this prospectus shall mean any day on which the NYSE is open. For purposes of Securities and Unit settlement, the term business\nday does not include days on which U.S. financial institutions are closed.

The\nFLEX Options in the Trust will be valued utilizing an executed trade price, where applicable and appropriate. If no trades occur for a\nspecific trade date or the Sponsor determines that market quotations are unavailable or inappropriate (e.g., due to infrequent transactions\nor thin trading), the Sponsor will determine the underlying value of the Securities based on their good faith determination of the fair\nvalue of the Securities at their discretion. To determine the fair value of the Securities, where available, the Sponsor will start with\nvalues generated using model prices provided by an independent third party, which uses a proprietary algorithm using standard option valuation\nvariables and calculations. Where such values are not available and to assess the reasonableness of the above valuations, the Sponsor\nwill generate their own model-based valuations of the Securities and use current market quotations and ask/bid prices for comparable listed\noptions that are more actively traded.

\n \n \n

Distribution of Units

We\nintend to qualify Units of the Trust for sale in a number of states. All Units will be sold at the then current Public Offering Price.

The\nSponsor compensates intermediaries, such as broker/dealers and banks, for their activities that are intended to result in sales of Units\nof the Trust. This compensation includes dealer concessions described in the following section and may include additional concessions\nand other compensation and benefits to broker/dealers and other intermediaries.

Dealer Concessions.

Dealers\nand other selling agents can purchase Units at prices which reflect a concession or agency commission of 1.25% of the Public Offering\nPrice per Unit, subject to reductions set forth in “Public Offering—Discounts for Certain Persons.”

Eligible\ndealer firms and other selling agents who, during the previous consecutive 12-month period through the end of the most recent month,\nsold primary market units of unit investment trusts sponsored by us in the dollar amounts shown below will be entitled to up to the following\nadditional sales concession on primary market sales of units during the current month of unit investment trusts sponsored by us:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Total sales\t\t (in millions)	Additional Concession
$25 but less than $100\t		0.035	%
$100 but less than $150\t		0.050	%
$150 but less than $250\t		0.075	%
$250 but less than $1,000\t		0.100	%
$1,000 but less than $5,000\t		0.125	%
$5,000 but less than $7,500\t		0.150	%
$7,500 or more\t		0.175	%

Dealers and other selling agents will not\nreceive a concession on the sale of Units which are not subject to a transactional sales charge, but such Units will be included in determining\nwhether the above volume sales levels are met. Eligible dealer firms and other selling agents include clearing firms that place orders\nwith First Trust and provide First Trust with information with respect to the representatives who initiated such transactions. Eligible\ndealer firms and other selling agents will not include firms that solely provide clearing services to other broker/dealer firms or firms\nwho place orders through clearing firms that are eligible dealers. We reserve the right to change the amount of concessions or agency\ncommissions from time to time. Certain commercial banks may be making Units of the Trust available to their customers on an agency basis.\nA portion of the transactional sales charge paid by these customers is kept by or given to the banks in the amounts shown above.

Other Compensation and Benefits to Broker/Dealers.

The\nSponsor, at its own expense and out of its own profits, currently provides additional compensation and benefits to broker/dealers who\nsell Units of this Trust and other First Trust products. This compensation is intended to result in additional sales of First Trust products\nand/or compensate broker/dealers and financial advisors for past sales. A number of factors are considered in determining whether to pay\nthese additional amounts. Such factors may include, but are not limited to, the level or type of services provided by the intermediary,\nthe level or expected level of sales of First Trust products by the intermediary or its agents, the placing of First Trust products on\na preferred or recommended product list, access to an intermediary’s personnel, and other factors. The Sponsor makes these payments\nfor marketing, promotional or related expenses, including, but not limited to, expenses of entertaining retail customers and financial\nadvisors, advertising, sponsorship of events or seminars, obtaining information about the breakdown of unit sales among an intermediary’s\nrepresentatives or offices, obtaining shelf space in broker/dealer firms and similar activities designed to promote the sale of the Sponsor’s\nproducts. The Sponsor makes such payments to a substantial majority of intermediaries that sell First Trust products. The Sponsor may\nalso make certain payments to, or on behalf of, intermediaries to defray a portion of their costs incurred for the purpose of facilitating\nUnit sales, such as the costs of developing or purchasing trading systems to process Unit trades. Payments of such additional compensation\ndescribed in this and the preceding paragraph, some of which may be characterized as “revenue sharing,” create a conflict\nof interest by influencing financial intermediaries and their agents to sell or recommend a First Trust product, including the Trust,\nover products offered by other sponsors or fund companies. These arrangements will not change the price you pay for your Units.

Advertising and Investment Comparisons.

Advertising\nmaterials regarding the Trust may discuss several topics, including: developing a long-term financial plan; working with your financial\nprofessional; the nature and risks of various investment strategies and unit investment trusts that could help you reach your financial\ngoals; the importance of discipline; how the Trust operates; how securities are selected; various unit investment trust features such\nas convenience and costs; and options available for certain types of unit investment trusts. These materials may include descriptions\nof the principal businesses of the companies represented in the Trust, research analysis of why they were selected and information relating\nto the qualifications of the persons or entities providing the research analysis. In addition, they may include research opinions on the\neconomy and industry sectors included and a list of investment products generally appropriate for pursuing those recommendations.

From\ntime to time we may compare the estimated returns of the Trust (which may show performance net of the expenses and charges the Trust would\nhave incurred) and returns over specified periods of other similar trusts we sponsor in our advertising and sales materials, with (1) returns\non other taxable investments such as the common stocks comprising various market indexes, corporate or U.S. Government bonds, bank CDs\nand money market accounts or funds, (2) performance data from Morningstar, Inc. or (3) information from publications such as\nMoney, The New York Times, U.S. News and World Report, Bloomberg Businessweek, Forbes or Fortune.\nThe investment characteristics of the Trust differ from other comparative investments. You should not assume that these performance comparisons\nwill be representative of the Trust’s future performance. We may also, from time to time, use advertising which classifies trusts\nor portfolio securities according to capitalization and/or investment style.

\n \n \n

The Sponsor’s Profits

We\nwill receive a gross sales commission equal to the maximum transactional sales charge per Unit less any reduction as stated in “Public\nOffering.” We will also receive the amount of any collected creation and development fee. Also, any difference between our cost\nto purchase the Securities and the price at which we sell them to the Trust is considered a profit or loss (see Note 3 of “Schedule\nof Investments”). During the initial offering period, dealers and others may also realize profits or sustain losses as a result\nof fluctuations in the Public Offering Price they receive when they sell the Units.

In\nmaintaining a market for the Units, any difference between the price at which we purchase Units and the price at which we sell or redeem\nthem will be a profit or loss to us.

\n \n \n

The Secondary Market

Although\nnot obligated, we may maintain a market for the Units after the initial offering period and continuously offer to purchase Units at prices\nbased on the Redemption Price per Unit.

We\nwill pay all expenses to maintain a secondary market, except fees to value Trust Securities and Trustee costs to transfer and record the\nownership of Units. We may discontinue purchases of Units at any time. If you wish to dispose of your Units, you should ask us for\nthe current market prices before making a tender for redemption to the Trustee.

\n \n \n

How We Purchase Units

The\nTrustee will notify us of any tender of Units for redemption. If our bid at that time is equal to or greater than the Redemption Price\nper Unit, we may purchase the Units. You will receive your proceeds from the sale no later than if they were redeemed by the Trustee.\nWe may tender Units that we hold to the Trustee for redemption as any other Units. If we elect not to purchase Units, the Trustee may\nsell tendered Units in the over-the-counter market, if any. However, the amount you will receive is the same as you would have received\non redemption of the Units.

\n \n \n

Expenses and Charges

The estimated annual expenses of the Trust\nare listed under “Fee Table.” If actual expenses of the Trust exceed the estimate, the Trust will bear the excess. The Trustee\nwill pay operating expenses of the Trust from the Income Account of the Trust if funds are available, and then from the Capital Account.\nThe Income and Capital Accounts are non-interest-bearing to Unit holders, so the Trustee may earn interest on these funds, thus benefiting\nfrom their use.

First Trust Advisors L.P., an affiliate of\nours, acts as Portfolio Supervisor and will be compensated for providing portfolio supervisory services as well as bookkeeping and other\nadministrative services to the Trust. In providing portfolio supervisory services, the Portfolio Supervisor may purchase research services\nfrom a number of sources, which may include underwriters or dealers of the Trust. In addition, the Portfolio Supervisor may, at its own\nexpense, employ one or more sub-Portfolio Supervisors to assist in providing services to the Trust. The Portfolio Supervisor has employed\nVest Financial LLC for research services and as sub-Portfolio Supervisor. As Sponsor, we will be compensated for providing evaluation\nservices and we will receive brokerage fees when the Trust uses us (or an affiliate of ours) as agent in buying or selling Securities.\nAs authorized by the Indenture, the Trustee may employ a subsidiary or affiliate of the Trustee to act as broker to execute certain transactions\nfor the Trust. The Trust will pay for such services at standard commission rates.

The fees payable to the Sponsor, First Trust\nAdvisors L.P. and the Trustee are based on the largest aggregate number of Units of the Trust outstanding at any time during the calendar\nyear, except during the initial offering period, in which case these fees are calculated based on the largest number of Units outstanding\nduring the period for which compensation is paid. These fees may be adjusted for inflation without Unit holders’ approval, but in\nno case will the annual fees paid to us or our affiliates for providing services to all unit investment trusts be more than the actual\ncost of providing such services in such year.

As Sponsor, we will receive a fee from the\nTrust for creating and developing the Trust, including determining the Trust’s objectives, policies, composition and size, selecting\nservice providers and information services and for providing other similar administrative and ministerial functions. The “creation\nand development fee” is a charge of $.050 per Unit outstanding at the end of the initial offering period. The Trustee will deduct\nthis amount from the Trust’s assets as of the close of the initial offering period. We do not use this fee to pay distribution expenses\nor as compensation for sales efforts. This fee will not be deducted from your proceeds if you sell or redeem your Units before the end\nof the initial offering period.

In addition to the Trust’s operating\nexpenses and those fees described above, the Trust may also incur the following charges:

•

All legal expenses of the Trustee according to its responsibilities under the Indenture;

•

The expenses and costs incurred by the Trustee to protect the Trust and your rights and interests\n(i.e., participating in litigation concerning a portfolio security) and the costs of indemnifying the Trustee;

•

Fees for any extraordinary services the Trustee performed under the Indenture;

•

Payment for any loss, liability or expense the Trustee incurred without negligence, bad faith or willful misconduct on its part, in\nconnection with its acceptance or administration of the Trust;

•

Payment for any loss, liability or expenses we incurred without negligence, bad faith or willful misconduct in acting as Sponsor of\nthe Trust;

•

Foreign custodial and transaction fees (which may include compensation paid to the Trustee or its subsidiaries or affiliates), if\nany; and/or

•

All taxes and other government charges imposed upon the Securities or any part of the Trust.

The above expenses and the Trustee’s\nannual fee are secured by a lien on the Trust. In addition, if there is not enough cash in the Income or Capital Account, the Trustee\nhas the power to sell Securities to make cash available to pay these charges which may result in capital gains or losses to you. See “Tax\nStatus.”

\n \n \n

Tax Status

RICs holding Cash and FLEX Options on VanEck Semiconductor\nETF.

Tax Risk. The Trust intends to treat\nany income it may derive from the FLEX Options as “qualifying income” under the provisions of the Code applicable to RICs.\nIn addition, based upon language in the legislative history, the Trust intends to treat the issuer of the FLEX Options as the referenced\nasset, which, assuming the referenced asset qualifies as a RIC, would allow the Trust to qualify for special rules in the RIC diversification\nrequirements. If the income is not qualifying income or the issuer of the FLEX Options is not appropriately the referenced asset, the\nTrust could lose its own status as a RIC.

Section 1258 Risk. Section 1258 of\nthe Internal Revenue Code requires the gain from conversion transactions to be recharacterized as ordinary income. The Trust contains\na straddle, which would generally produce ordinary income or short term capital gain. When a transaction sold as producing capital gains\nfrom certain types of investments, including straddles that create a return tied to the time value of money, the transaction may be treated\nas a conversion transaction, and all gain from the transaction may be treated as ordinary income.

Federal Tax Matters.

This section discusses some of the main U.S.\nfederal income tax consequences of owning Units of the Trust as of the date of this prospectus. Tax laws and interpretations change frequently,\nand this summary does not describe all of the tax consequences to all taxpayers. For example, this summary generally does not describe\nyour situation if you are a broker/dealer or other investor with special circumstances. In addition, this section may not describe your\nstate, local or non-U.S. tax consequences.

This federal income tax summary is based\nin part on the advice of counsel to the Sponsor. The Internal Revenue Service (“IRS”) could disagree with any conclusions\nset forth in this section. In addition, our counsel may not have been asked to review, and may not have reached a conclusion with respect\nto the federal income tax treatment of the assets to be deposited in the Trust. This summary may not be sufficient for you to use for\nthe purpose of avoiding penalties under federal tax law.

As with any investment, you should seek advice\nbased on your individual circumstances from your own tax advisor.

Trust Status.

Unit investment trusts maintain both Income\nand Capital Accounts, regardless of tax structure. Please refer to the “Distributions” section of the prospectus for more\ninformation.

The Trust intends to qualify as a RIC under\nthe federal tax laws. If the Trust qualifies as a RIC and distributes its income as required by the tax law, the Trust generally will\nnot pay federal income taxes. For federal income tax purposes, you are treated as the owner of the Trust Units and not of the assets held\nby the Trust.

Distributions from the Trust.

Although the Trust does not intend to make\nany distributions during its life, Trust distributions are generally taxable. After the end of each year, you will receive a tax statement\nthat separates the Trust’s distributions into ordinary income dividends, capital gain dividends and return of capital. Income reported\nis generally net of expenses (but see “Treatment of Trust Expenses” below). Ordinary income dividends are generally taxed\nat your ordinary income tax rate, however, certain dividends received from the Trust may be taxed at the capital gains tax rates. Generally,\nall capital gain dividends are treated as long-term capital gains regardless of how long you have owned your Units. In addition, the Trust\nmay make distributions that represent a return of capital for tax purposes and will generally not be currently taxable to you, although\nthey generally reduce your tax basis in your Units and thus increase your taxable gain or decrease your loss when you dispose of your\nUnits. The tax laws may require you to treat distributions made to you in January as if you had received them on December 31 of the previous\nyear.

Some distributions from the Trust may qualify\nas long-term capital gains, which, if you are an individual, is generally taxed at a lower rate than your ordinary income and short-term\ncapital gain income. The distributions from the Trust that you must take into account for federal income tax purposes are not reduced\nby the amount used to pay a deferred sales charge, if any. Distributions from the Trust, including capital gains, may also be subject\nto a “Medicare tax” if your adjusted gross income exceeds certain threshold amounts. In addition, because some of the positions\nin the FLEX Options may be offsetting, the ability of the Trust to obtain long-term capital gain treatment may be reduced. Also, to the\nextent the gain on the FLEX Options exceeds the gain on the Underlying ETF, there is a risk that Section 1260 of the Internal Revenue\nCode will recharacterize such excess gain as ordinary income.

Treatment of the FLEX Options.

The Trust’s investments in offsetting\npositions with respect to the Underlying ETF may be “straddles” for U.S. federal income tax purposes. The straddle rules may\naffect the character of gains (or losses) realized by the Trust, and losses realized by the Trust on positions that are part of a straddle\nmay be deferred under the straddle rules, rather than being taken into account in calculating taxable income for the taxable year in which\nthe losses are realized. In addition, certain carrying charges (including interest expense) associated with positions in a straddle may\nbe required to be capitalized rather than deducted currently. Certain elections that the Trust may make with respect to its straddle positions\nmay also affect the amount, character and timing of the recognition of gains or losses from the affected positions.

The tax consequences of straddle transactions\nto the Trust are not entirely clear in all situations under currently available authority. The straddle rules may increase the amount\nof short-term capital gain realized by the Trust, which is taxed as ordinary income when distributed to U.S. shareholders in a non-liquidating\ndistribution. Because application of the straddle rules may affect the character of gains or losses, defer losses and/or accelerate the\nrecognition of gains or losses from the affected straddle positions, if the Trust makes a non-liquidating distribution of its short-term\ncapital gain, the amount which must be distributed to U.S. shareholders as ordinary income may be increased or decreased substantially\nas compared to the Trust that did not engage in such transactions.

The FLEX Options included in the portfolio\nare exchange-traded options. Under Section 1256 of the Code, certain types of exchange-traded options are treated as if they were sold\n(i.e., “marked to market”) at the end of each year. The Trust does not believe that the positions held by the Trust will be\nsubject to Section 1256, which means that the positions will not be marked to market, but the positions will be subject to the straddle\nrules.

Sale of Units.

If you sell your Units (whether to a third\nparty or to the Trust), you will generally recognize a taxable gain or loss. To determine the amount of this gain or loss, you must subtract\nyour (adjusted) tax basis in your Units from the amount you receive from the sale. Your original tax basis in your Units is generally\nequal to the cost of your Units, including sales charges. In some cases, however, you may have to adjust your tax basis after you purchase\nyour Units, in which case your gain would be calculated using your adjusted basis.

The tax statement you receive in regard to\nthe sale or redemption of your Units may contain information about your basis in the Units and whether any gain or loss recognized by\nyou should be considered long-term or short-term capital gain. The information reported to you is based upon rules that do not take into\nconsideration all of the facts that may be known to you or to your advisors. You should consult with your tax advisor about any adjustments\nthat may need to be made to the information reported to you in determining the amount of your gain or loss.

Treatment of Trust Expenses.

Expenses incurred and deducted by the Trust\nwill generally not be treated as income taxable to you. In some cases, however, you may be required to treat your portion of these Trust\nexpenses as income. You may not be able to take a deduction for some or all of these expenses even if the cash you receive is reduced\nby such expenses.

Non-U.S. Investors.

If you are a non-U.S. investor, distributions\nfrom the Trust treated as dividends will generally be subject to a U.S. withholding tax of 30% of the distribution. Certain dividends,\nsuch as capital gains dividends, short-term capital gains dividends, and distributions that are attributable to certain interest income\nmay not be subject to U.S. withholding taxes. In addition, some non-U.S. investors may be eligible for a reduction or elimination of U.S.\nwithholding taxes under a treaty. However, the qualification for those exclusions may not be known at the time of the distribution and\nsome excluded income may be taken into consideration for alternative minimum tax purposes.

Separately, the United States, pursuant to\nthe Foreign Account Tax Compliance Act (“FATCA”) imposes a 30% tax on certain non-U.S. entities that receive U.S. source interest\nor dividends if the non-U.S. entity does not comply with certain U.S. disclosure and reporting requirements. This FATCA tax also currently\napplies to the gross proceeds from the disposition of securities that produce U.S. source interest or dividends. However, proposed regulations\nmay eliminate the requirement to withhold on payments of gross proceeds from dispositions.

It is the responsibility of the entity through\nwhich you hold your Units to determine the applicable withholding.

You should consult your tax advisor regarding\npotential foreign, state or local taxation with respect to your Units.

\n \n \n

Retirement Plans

You may purchase Units of the Trust for:

•

Individual Retirement Accounts;

•

Keogh Plans;

•

Pension funds; and

•

Other tax-deferred retirement plans.

Generally, the federal income tax on capital\ngains and income received in each of the above plans is deferred until you receive distributions. These distributions are generally treated\nas ordinary income but may, in some cases, be eligible for special averaging or tax-deferred rollover treatment. Before participating\nin a plan like this, you should review the tax laws regarding these plans and consult your attorney or tax advisor. Brokerage firms and\nother financial institutions offer these plans with varying fees and charges.

\n \n \n

Rights of Unit Holders

Unit Ownership.

Ownership of Units will not be evidenced\nby certificates. If you purchase or hold Units through a broker/dealer or bank, your ownership of Units will be recorded in book-entry\nform at the Depository Trust Company (“DTC”) and credited on its records to your broker/dealer’s or bank’s DTC\naccount. Transfer of Units will be accomplished by book entries made by DTC and its participants if the Units are registered to DTC or\nits nominee, Cede & Co. DTC will forward all notices and credit all payments received in respect of the Units held by the DTC participants.\nYou will receive written confirmation of your purchases and sales of Units from the broker/dealer or bank through which you made the transaction.\nYou may transfer your Units by contacting the broker/dealer or bank through which you hold your Units.

Unit Holder Reports.

The Trustee will prepare a statement detailing\nthe per Unit amounts (if any) distributed from the Income Account and Capital Account in connection with each distribution. In addition,\nat the end of each calendar year, the Trustee will prepare a statement which contains the following information:

•

A summary of transactions in the Trust for the year;

•

A list of any Securities sold during the year and the Securities held at the end of that year by the Trust;

•

The Redemption Price per Unit, computed on the 31st day of December of such year (or the last business day before); and

•

Amounts of income and capital distributed during the year.

By February 15th yearly, the Annual Reports\nare posted to the Sponsor’s website (www.ftportfolios.com) in the UIT Tax Center and retrievable by CUSIP. You may also request\none be sent to you by calling the Sponsor at 800–621–1675, dept. code 2. In addition, you may also request from the Trustee\ncopies of the evaluations of the Securities as prepared by the Sponsor to enable you to comply with applicable federal and state tax reporting\nrequirements.

\n \n \n

Distributions

You will be eligible to receive distributions,\nif any, on your Units only after you become a Record Owner. The Trustee will credit any receipts, such as return of capital or capital\ngain dividends, to the Capital Account of the Trust. The Trust does not, however, intend to make any distributions during its life.

Distributions, if any, will be made on the\ntwenty-fifth day of December (“Distribution Date”) to Unit holders of record on the tenth day of such month (“Record\nDate”). The Trustee may distribute funds in the Capital Account in December of each year to avoid imposition of any income or excise\ntaxes on undistributed income in the Trust and will distribute funds as part of the final liquidation distribution.

If a Capital Account Distribution Date is\na day on which the NYSE is closed, the distribution will be made on the next day the stock exchange is open. Distributions are paid on\nthe twenty-fifth day of each month to Unit holders of record determined as of the close of business on the Record Date for that distribution\nor, if the Record Date is a day on which the NYSE is closed, the first preceding day on which the exchange is open.

Within a reasonable time after the Trust\nis terminated, you will receive the pro rata share of the money from the sale of the Securities and amounts in the Income and Capital\nAccounts. All Unit holders will receive a pro rata share of any other assets remaining in the Trust, after deducting any unpaid expenses.

The Trustee may establish reserves (the “Reserve\nAccount”) within the Trust to cover anticipated state and local taxes or any governmental charges to be paid out of that Trust.

\n \n \n

Redeeming Your Units

You may redeem all or a portion of your Units\nat any time by sending a request for redemption to your broker/dealer or bank through which you hold your Units. You are responsible for\nany governmental charges that apply. Certain broker/dealers may charge a transaction fee for processing redemption requests. One business\nday after the day you tender your Units (the “Date of Tender”) you will receive cash in an amount for each Unit equal to the\nRedemption Price per Unit calculated at the Evaluation Time on the Date of Tender.

The Date of Tender is considered to be the\ndate on which your redemption request is received by the Trustee from the broker/dealer or bank through which you hold your Units (if\nsuch day is a day the NYSE is open for trading). However, if the redemption request is received after the Initial Evaluation Time on the\nInitial Date of Deposit or, thereafter, 4:00 p.m. Eastern time (or after any earlier closing time on a day on which the NYSE is scheduled\nin advance to close at such earlier time), the Date of Tender is the next day the NYSE is open for trading.

Any amounts paid on redemption representing\nincome will be withdrawn from the Income Account if funds are available for that purpose, or from the Capital Account. All other amounts\npaid on redemption will be taken from the Capital Account.

If permitted, broker/dealers that tender\nfor redemption at least 10,868 Units (and in increments of 5,434 Units above such amount), or such other number of Units as determined\nby the Sponsor which will result in a pro rata distribution of whole shares of Securities, rather than receiving cash, may elect to receive\nan In-Kind Distribution in an amount equal to the Redemption Price per Unit by making this request to the Trustee at the time of tender.\nNo In-Kind Distribution requests submitted during the 10 business days prior to the Trust’s Mandatory Termination Date will be honored.\nWhere possible, the Trustee will make an In-Kind Distribution by distributing each of the Securities in book-entry form to the broker/dealer’s\naccount at DTC. The Trustee will subtract any customary transfer and registration charges from an In-Kind Distribution. As a tendering\nUnit holder, the broker/dealer will receive its pro rata number of whole shares of Securities that make up the portfolio, and cash from\nthe Capital Account equal to the fractional shares to which it is entitled.

The Trustee may sell Securities to make funds\navailable for redemption. The Trustee will purchase the written FLEX Options which will cancel them and sell the purchased FLEX Options.\nBecause of the minimum amounts in which the FLEX Options must be traded, the proceeds of Securities sold may exceed the amount required\nat the time to redeem Units. In addition, due to timing issues, the Trustee may need to sell more Securities than anticipated to satisfy\nredemptions. Both of these events could cause a dilution of remaining Unit holders’ investments, reduce Unit values and cause the\nTrust not to achieve the hypothetical returns set forth in this prospectus. These excess proceeds will be distributed to Unit holders.\nIf Securities are sold, the size and diversification of the Trust will be reduced. These sales may result in lower prices than if the\nSecurities were sold at a different time.

Your right to redeem Units (and therefore,\nyour right to receive payment) may be delayed:

•

If the NYSE is closed (other than customary weekend and holiday closings);

•

If the SEC determines that trading on the NYSE is restricted or that an emergency exists making sale or evaluation of the Securities\nnot reasonably practical; or

•

For any other period permitted by SEC order.

The Trustee is not liable to any person for\nany loss or damage which may result from such a suspension or postponement.

The Redemption Price.

The Redemption Price per Unit is determined\nby the Trustee by:

adding

cash in the Income and Capital Accounts of the Trust not designated to purchase Securities; and

the aggregate underlying value of the purchased FLEX Options held by the Trust; and

deducting

the aggregate value of the written FLEX Options;

any applicable taxes or governmental charges that need to be paid out of the Trust;

any amounts owed to the Trustee for its advances;

estimated accrued expenses of the Trust, if any;

cash held for distribution to Unit holders of record of the Trust as of the business day before the evaluation being made;

liquidation costs for foreign Securities, if any; and

other liabilities incurred by the Trust; and

dividing

the result by the number of outstanding Units of the Trust.

Until they are collected, the Redemption\nPrice per Unit will include estimated organization costs as set forth under “Fee Table.”

\n \n \n

Removing Securities from the Trust

The portfolio of the Trust is not managed.\nHowever, we may, but are not required to, direct the Trustee to dispose of a Security in certain limited circumstances, including situations\nin which:

•

The issuer of the Security defaults in the payment of a declared dividend;

•

Any action or proceeding prevents the payment of dividends;

•

There is any legal question or impediment affecting the Security;

•

The issuer of the Security has breached a covenant which would affect the payment of dividends, the issuer’s credit standing,\nor otherwise damage the sound investment character of the Security;

•

The issuer has defaulted on the payment of any other of its outstanding obligations;

•

There has been a public tender offer made for a Security or a merger or acquisition is announced affecting a Security, and that in\nour opinion the sale or tender of the Security is in the best interest of Unit holders;

•

The sale of Securities is necessary or advisable (i) in order to maintain the qualification of the Trust as a “regulated\ninvestment company” or (ii) to provide funds to make any distribution for a taxable year in order to avoid imposition of any income\nor excise taxes on undistributed income in the Trust;

•

The price of the Security has declined to such an extent, or such other credit factors exist, that in our opinion keeping the Security\nwould be harmful to the Trust;

•

As a result of the ownership of the Security, the Trust or its Unit holders would be a direct or indirect shareholder of a passive\nforeign investment company; or

•

The sale of the Security is necessary for the Trust to comply with such federal and/or state laws, regulations and/or regulatory actions\nand interpretations which may be in effect from time to time.

Except for instances in which the Trust acquires\nReplacement Securities, as described in “The FT Series,” the Trust will generally not acquire any securities or other property\nother than the Securities. The Trustee, on behalf of the Trust and at the direction of the Sponsor, will vote for or against any offer\nfor new or exchanged securities or property in exchange for a Security, such as those acquired in a merger or other transaction. If such\nexchanged securities or property are acquired by the Trust, at our instruction, they will either be sold or held in the Trust. In making\nthe determination as to whether to sell or hold the exchanged securities or property we may get advice from the Portfolio Supervisor.\nAny proceeds received from the sale of Securities, exchanged securities or property will be credited to the Capital Account of the Trust\nfor distribution to Unit holders or to meet redemption requests. The Trustee may retain and pay us or an affiliate of ours to act as agent\nfor the Trust to facilitate selling Securities, exchanged securities or property from the Trust. If we or our affiliate act in this capacity,\nwe will be held subject to the restrictions under the 1940 Act. When acting in an agency capacity, we may select various broker/dealers\nto execute securities transactions on behalf of the Trust, which may include broker/dealers who sell Units of the Trust. We do not consider\nsales of Units of the Trust or any other products sponsored by First Trust as a factor in selecting such broker/dealers. As authorized\nby the Indenture, the Trustee may also employ a subsidiary or affiliate of the Trustee to act as broker in selling such Securities or\nproperty. The Trust will pay for these brokerage services at standard commission rates.

The Trustee may sell Securities designated\nby us, or, absent our direction, at its own discretion, in order to meet redemption requests or pay expenses. In designating Securities\nto be sold, we will try to maintain the proportionate relationship among the Securities. If this is not possible, the composition and\ndiversification of the Trust may be changed.

\n \n \n

Amending or Terminating the Indenture

Amendments. The Indenture may be amended\nby us and the Trustee without your consent:

•

To cure ambiguities;

•

To correct or supplement any defective or inconsistent provision;

•

To make any amendment required by any governmental agency; or

•

To make other changes determined not to be adverse to your best interests (as determined by us and the Trustee).

Termination. As provided by the Indenture,\nthe Trust will terminate on the Trust’s Mandatory Termination Date as stated in the “Summary of Essential Information.”\nThe Trust may be terminated earlier:

•

Upon the consent of 100% of the Unit holders of the Trust;

•

If the value of the Securities owned by the Trust as shown by any evaluation is less than the lower of $2,000,000 or 20% of the total\nvalue of Securities deposited in the Trust during the initial offering period (“Discretionary Liquidation Amount”); or

•

In the event that Units of the Trust not yet sold aggregating more than 60% of the Units of the Trust are tendered for redemption\nby underwriters, including the Sponsor.

If the Trust is terminated due to this last\nreason, we will refund your entire sales charge. For various reasons, the Trust may be reduced below the Discretionary Liquidation Amount\nand could therefore be terminated before the Trust’s Mandatory Termination Date.

Unless terminated earlier, the Trustee may\nbegin to sell Securities in connection with the termination of the Trust as early as nine business days prior to, but will sell Securities\nno later than, the Trust’s Mandatory Termination Date. We will determine the manner and timing of the sale of Securities. Because\nthe Trustee must sell the Securities within a relatively short period of time, the sale of Securities as part of the termination process\nmay result in a lower sales price than might otherwise be realized if such sale were not required at this time.

The scheduled Trust’s Mandatory Termination\nDate will be on the same day as the expiration date of the FLEX Options. If the Trust is terminated early, the Trustee will sell the purchased\nFLEX Options and enter into a closing purchase transaction as a result of which the written FLEX Options will be canceled.

You will receive a cash distribution from\nthe sale of the remaining Securities, along with your interest in the Income and Capital Accounts, within a reasonable time after the\nTrust is terminated. The Trustee will deduct from the Trust any accrued costs, expenses, advances or indemnities provided for by the Indenture,\nincluding estimated compensation of the Trustee and costs of liquidation and any amounts required as a reserve to pay any taxes or other\ngovernmental charges.

\n \n \n

Information on Vest Financial LLC, the Sponsor and Trustee

Vest Financial LLC.

Vest Financial LLC (“Vest”),\na registered investment advisory firm, is a subsidiary of Vest Group, Inc. (“VG”). First Trust Capital Partners, LLC, an affiliate\nof the Sponsor, is the largest single holder of voting shares in VG.

Vest is a leading advisor to financial professionals\nand investment managers on Target Outcome Investments, a new class of investments that target a defined return profile, with an allowance\nfor a specific level risk, at a particular point in time in the future. Vest applies its expertise in options-based Target Outcome Investments\nto managed accounts, mutual funds and UITs. These products seek to provide investors with targeted protection, enhanced returns, defined\nincome and a level of predictability unattainable with most other investments available today.

The Sponsor.

We, First Trust Portfolios L.P., specialize\nin the underwriting, trading and wholesale distribution of unit investment trusts under the “First Trust” brand name as well\nas other securities. An Illinois limited partnership formed in 1991, we took over the First Trust product line and act as Sponsor for\nsuccessive series of:

•

The First Trust Combined Series

•

FT Series (formerly known as The First Trust Special Situations Trust)

•

The First Trust Insured Corporate Trust

•

The First Trust of Insured Municipal Bonds

•

The First Trust GNMA

•

FTP Series

The First Trust product line commenced with\nthe first insured unit investment trust in 1974. To date we have deposited more than $670 billion in First Trust unit investment trusts.\nOur employees include a team of professionals with many years of experience in the unit investment trust industry.

We are a member of FINRA and SIPC. Our principal\noffices are at 120 East Liberty Drive, Wheaton, Illinois 60187; telephone number 800–621–1675. As of December 31, 2025, the\ntotal partners’ capital of First Trust Portfolios L.P. was $125,781,225.

This information refers only to us and not\nto the Trust or to any series of the Trust or to any other dealer. We are including this information only to inform you of our financial\nresponsibility and our ability to carry out our contractual obligations. We will provide more detailed financial information on request.

Code of Ethics. The Sponsor and the\nTrust have adopted a code of ethics requiring the Sponsor’s employees who have access to information on Trust transactions to report\npersonal securities transactions. The purpose of the code is to avoid potential conflicts of interest and to prevent fraud, deception\nor misconduct with respect to the Trust.

The Trustee.

The Trustee is The Bank of New York Mellon,\na trust company organized under the laws of New York. The Bank of New York Mellon has its unit investment trust division offices at 240\nGreenwich Street, New York, New York 10286, telephone 800–813–3074. If you have questions regarding your account or your Trust,\nplease contact the Trustee at its unit investment trust division offices or your financial advisor. The Sponsor does not have access to\nindividual account information. The Bank of New York Mellon is subject to supervision and examination by the Superintendent of the New\nYork State Department of Financial Services and the Board of Governors of the Federal Reserve System, and its deposits are insured by\nthe Federal Deposit Insurance Corporation to the extent permitted by law.

The Trustee has not participated in selecting\nthe Securities; it only provides administrative services. A broker which is a member of the OCC engaged by the Sponsor has custody of\nthe Trust’s FLEX Options; the Trustee has custody of the Trust assets other than the FLEX Options.

Limitations of Liabilities of Sponsor and Trustee.

Neither we nor the Trustee will be liable\nfor taking any action or for not taking any action in good faith according to the Indenture. We will also not be accountable for errors\nin judgment. We will only be liable for our own willful misfeasance, bad faith, gross negligence (ordinary negligence in the Trustee’s\ncase) or reckless disregard of our obligations and duties. The Trustee is not liable for any loss or depreciation when the Securities\nare sold. If we fail to act under the Indenture, the Trustee may do so, and the Trustee will not be liable for any action it takes in\ngood faith under the Indenture.

The Trustee will not be liable for any taxes\nor other governmental charges or interest on the Securities which the Trustee may be required to pay under any present or future law of\nthe United States or of any other taxing authority with jurisdiction. Also, the Indenture states other provisions regarding the liability\nof the Trustee.

If we do not perform any of our duties under\nthe Indenture or are not able to act or become bankrupt, or if our affairs are taken over by public authorities, then the Trustee may:

•

Appoint a successor sponsor, paying them a reasonable rate not more than that stated by the SEC; or

•

Terminate the Indenture and liquidate the Trust.

The Trustee and Unit holders may rely on\nthe accuracy of any evaluation prepared by the Sponsor. The Sponsor will make determinations in good faith based upon the best available\ninformation, but will not be liable to the Trustee or Unit holders for errors in judgment.

\n \n \n

Other Information

Legal Opinions.

Our counsel is Chapman and Cutler LLP, 320\nS. Canal St., Chicago, Illinois 60606. They have passed upon the legality of the Units offered hereby and certain matters relating to\nfederal tax law. Carter Ledyard & Milburn LLP acts as the Trustee’s counsel.

Experts.

The\nTrust’s statement of net assets, including the schedule of investments, as of the opening of business on the Initial Date of Deposit\nincluded in this prospectus, has been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated\nin their report appearing herein, and is included in reliance upon the report of such firm given upon their authority as experts in accounting\nand auditing.

Supplemental Information.

If\nyou write or call the Sponsor, you will receive free of charge supplemental information about this Series, which has been filed with the\nSEC and to which we have referred throughout. This information states more specific details concerning the nature, structure and risks\nof this product.

FIRST TRUST(R)

Vest\nSemiconductor Buffered 20 Portfolio, Series 15
\nFT 13247

Sponsor:

FIRST TRUST(R)

First Trust Portfolios L.P.

Member SIPC • Member FINRA
\n120 East Liberty Drive
\nWheaton, Illinois 60187
\n800–621–1675

Trustee:

The Bank of New York Mellon

240 Greenwich Street
\nNew York, New York 10286
\n800–813–3074
\n24-Hour Pricing Line:
\n800–446–0132

When\nUnits of the Trust are no longer available, this prospectus may be used as a preliminary prospectus
\nfor a future series, in which case you should note the following:

The\ninformation in the prospectus is not complete and may be changed. We may not sell, or accept offers to buy, securities of a future series\nuntil that series has become effective with the SEC. No securities can be sold in any state where a sale would be illegal.

This prospectus contains\ninformation relating to the above-mentioned unit investment trust, but does not contain all of the information about this investment company\nas filed with the SEC in Washington, D.C. under the:

Securities Act of 1933\n(file no. 333–298215) and

Investment Company Act\nof 1940 (file no. 811–05903)

Information about the\nTrust, including its Code of Ethics, can be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information\nregarding the operation of the SEC’s Public Reference Room may be obtained by calling the SEC at 202–942–8090.

Information\nabout the Trust is available on the EDGAR Database on the SEC’s Internet site at www.sec.gov.

To obtain copies at prescribed rates –

\tWrite:\tPublic Reference Section of the SEC
\n\t100 F Street, N.E.
\n\tWashington, D.C. 20549

October\n15, 2026

PLEASE\nRETAIN THIS PROSPECTUS FOR FUTURE REFERENCE

FIRST TRUST(R)

The FT Series

Information Supplement

This Information Supplement\nprovides additional information concerning the structure, operations and risks of the unit investment trust contained in FT 13247 not\nfound in the prospectus for the Trust. This Information Supplement is not a prospectus and does not include all of the information you\nshould consider before investing in the Trust. This Information Supplement should be read in conjunction with the prospectus for the Trust\nin which you are considering investing.

This\nInformation Supplement is dated October 15, 2026. Capitalized terms have been defined in the prospectus.

Table\nof Contents

\n \n \n \n \n \n \n

Risk Factors
Securities			1

Risk Factors

Securities.\nAn investment in Units should be made with an understanding of the risks which an investment in common stocks entails, including the risk\nthat the financial condition of the issuers of the Securities or the general condition of the relevant stock market may worsen, and the\nvalue of the Securities and therefore the value of the Units may decline. Common stocks are especially susceptible to general stock market\nmovements and to volatile increases and decreases of value, as market confidence in and perceptions of the issuers change. These perceptions\nare based on unpredictable factors, including expectations regarding government, economic, monetary and fiscal policies, inflation and\ninterest rates, economic expansion or contraction, and global or regional political, economic or banking crises.

Undertaking

Subject to the\nterms and conditions of Section 15(d) of the Securities Exchange Act of 1934, the undersigned registrant hereby undertakes to file with\nthe Securities and Exchange Commission such supplementary and periodic information, documents, and reports as may be prescribed by any\nrule or regulation of the Commission heretofore or hereafter duly adopted pursuant to authority conferred in that section.

CONTENTS\nOF REGISTRATION STATEMENT

Bonding Arrangements of Depositor:

First Trust Portfolios\nL.P. is covered by a Brokers’ Fidelity Bond, in the total amount of $2,000,000, the insurer being National Union Fire Insurance\nCompany of Pittsburgh.

This Registration Statement on Form S-6 comprises the following papers and documents:

The Facing Sheet

The Prospectus

The Signatures

Exhibits

S-1

SIGNATURES

The Registrant,\nFT 13247, hereby identifies The First Trust Special Situations Trust, Series 4; The First Trust Special Situations Trust, Series 18; The\nFirst Trust Special Situations Trust, Series 69; The First Trust Special Situations Trust, Series 108; The First Trust Special Situations\nTrust, Series 119; The First Trust Special Situations Trust, Series 190; FT 286; The First Trust Combined Series 272; FT 412; FT 438;\nFT 556; FT 754; FT 1102; FT 1179; FT 2935; FT 3320; FT 3367; FT 3370; FT 3397; FT 3398; FT 3400; FT 3451; FT 3480; FT 3529; FT 3530; FT\n3568; FT 3569; FT 3570; FT 3572; FT 3615; FT 3647; FT 3650; FT 3689; FT 3690; FT 3729; FT 3780; FT 3940; FT 4020; FT 4037; FT 4143; FT\n4260; FT 4746; FT 4789; FT 5039; FT 5415; FT 7033; FT 7256; FT 7935; FT 8495; FT 8669; FT 8713; FT 8740; FT 8746; FT 8758; FT 8817; FT\n8955; FT 8956; FT 8965; FT 8976; FT 8978; FT 8993; FT 8994; FT 8997; FT 9039; FT 9040; FT 9042; FT 9058; FT 9068; FT 9203; FT 9204; FT\n9303; FT 9305; FT 9326; FT 9327; FT 9372; FT 9401; FT 9402; FT 9403; FT 9474; FT 9513; FT 9514; FT 9611; FT 9630; FT 9709; FT 9872; FT\n9908; FT 9911; FT 9923; FT 9937; FT 9950; FT 9961; FT 9977; FT 9978; FT 10051; FT 10057; FT 10105; FT 10109; FT 10121; FT 10272; FT 10295;\nFT 10323; FT 10412; FT 10447; FT 10455; FT 10475; FT 10528; FT 10583; FT 10689; FT 10694; FT 10756; FT 10865; FT 10895; FT 10976; FT 11035;\nFT 11095; FT 11096; FT 11097; FT 11155; FT 11156; FT 11223; FT 11224; FT 11285; FT 11462; FT 11475; FT 11642; FT 11756; FT 11909; FT 12152;\nFT 12153; FT 12155; FT 12399; FT 12415; FT 12445; FT 12508; FT 12545; FT 12583; FT 12718; FT 12728; FT 12832; FT 12883; FT 12889; FT 12902;\nFT 13043; FT 13045; FT 13168 and FT 13221 for purposes of the representations required by Rule 487 and represents the following:

(1)that\nthe portfolio securities deposited in the series with respect to which this Registration Statement is being filed do not differ materially\nin type or quality from those deposited in such previous series;

(2)that,\nexcept to the extent necessary to identify the specific portfolio securities deposited in, and to provide essential financial information\nfor, the series with respect to the securities of which this Registration Statement is being filed, this Registration Statement does not\ncontain disclosures that differ in any material respect from those contained in the registration statements for such previous series as\nto which the effective date was determined by the Commission or the staff; and

(3)that\nit has complied with Rule 460 under the Securities Act of 1933.

Pursuant to\nthe requirements of the Securities Act of 1933, the Registrant, FT 13247, has duly caused this Amendment to the Registration Statement\nto be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wheaton and State of Illinois on October 15,\n2026.

FT 13247

By:

First Trust Portfolios L.P.
\nDepositor

By:

/s/ Ronda L. Saeli-Chiappe
\nSenior Vice President

S-2

Pursuant to the requirements\nof the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following person in the capacity\nand on the date indicated:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Name	Title*	Date

James A. Bowen	Director of The Charger Corporation, the General Partner of First Trust Portfolios L.P., and Chief Executive Officer of First Trust Portfolios L.P.	\n ) \n ) \n ) \n )By:/s/ Ronda L. Saeli-Chiappe \n ) Attorney-in-Fact** \n ) October 15, 2026 \n ) \n )
James M. Dykas	Chief Financial Officer of First Trust Portfolios L.P.	\n ) \n ) \n )
Christina Knierim	Controller of First Trust Portfolios L.P.	) \n)

The title of the person named herein represents his or her capacity in and relationship to First Trust\nPortfolios L.P., the Depositor.

Executed copies of the related powers of\nattorney were filed with the Securities and Exchange Commission in connection with the Amendment No. 1 to Form S-6 of FT 12910 (File\nNo. 333-294321) and the same is hereby incorporated herein by this reference.

S-3

CONSENT\nOF COUNSEL

The consent of counsel\nto the use of its name in the Prospectus included in this Registration Statement is contained in its opinion filed as Exhibit 3.1 of the\nRegistration Statement.

Consent\nof Independent Registered Public Accounting Firm

The consent of Deloitte & Touche LLP\nto the use of its name in the Prospectus included in the Registration Statement is filed as Exhibit 4.1 to the Registration Statement.

S-4

EXHIBIT\nINDEX

1.1

Standard Terms\nand Conditions of Trust for FT 10292 and certain subsequent Series, effective September 7, 2022 among First Trust Portfolios L.P.,\nas Depositor, The Bank of New York Mellon, as Trustee and First Trust Advisors L.P., as Portfolio Supervisor (incorporated by reference\nto Amendment No. 1 to Form S-6 [File No. 333-266325] filed on behalf of FT 10292).

1.1.1

Trust Agreement for FT 13247, effective October 15, 2026 among First Trust Portfolios L.P., as Depositor,\nThe Bank of New York Mellon, as Trustee and First Trust Advisors L.P., as Portfolio Supervisor.

1.2

Certificate\nof Limited Partnership of Nike Securities, L.P., predecessor of First Trust Portfolios L.P. (incorporated by reference to Amendment\nNo. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.3

Amended and\nRestated Limited Partnership Agreement of Nike Securities, L.P., predecessor of First Trust Portfolios L.P. (incorporated by reference\nto Amendment No. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.4

Articles of\nIncorporation of Nike Securities Corporation, predecessor to The Charger Corporation, the general partner of First Trust Portfolios\nL.P., Depositor (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.5

By-Laws of\nThe Charger Corporation, the general partner of First Trust Portfolios L.P., Depositor (incorporated by reference to Amendment No. 2 to\nForm S-6 [File No. 333-169625] filed on behalf of FT 2669).

1.7

Fund of Funds Agreements (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-261661]\nfiled on behalf of FT 9909, Amendment No.\n1 to Form S-6 [File No. 333-261297] filed on behalf of FT\n9857, Amendment No. 1 to Form S-6 [File No. 333-262164] filed on behalf of FT\n9948, Amendment No. 1 to Form S-6 [File No. 333-262344] filed on behalf of FT\n9965, Amendment No. 1 to Form S-6 [File No. 333-263845] filed on behalf of FT\n10083 and Amendment No. 1 to Form S-6 [File No. 333-274281] filed on behalf of FT\n11028).

2.2

Code of\nEthics (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-224320] filed on behalf of FT 7359).

S-5

3.1

Opinion of counsel as to legality of securities being registered.

4.1

Consent of Independent Registered Public Accounting Firm.

6.1

List of\nPrincipal Officers of the Depositor (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-236093] filed on behalf\nof FT 8556).

7.1

Powers of Attorney\nexecuted by the Officers listed on page S-3 of this Registration Statement (incorporated by reference to Amendment No. 1 to Form S-6 [File\nNo. 333-294321] filed on behalf of FT 12910).

S-6

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