FT 3201's municipal bonds split between consumer staples, health care

By Toni Weeks

San Diego, Nov. 2 - FT 3201 has registered units of its series 17 Defensive Equity Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The trust seeks monthly income that is exempt from federal income taxes by investing in a diversified portfolio of common stocks issued by closed-end investment companies, the portfolios of which are concentrated in tax-exempt municipal bonds. The portfolio invests equally in stocks of companies in the consumer staples and health care sectors.

On the initial date of deposit, Nov. 1, the trust was represented by $149,500 in purchase contracts, consisting of 15,101 units with a public offering price of $10.00 and a net asset value of $9.576 each.

The estimated net annual distribution per unit for the first year is $0.1993 per unit.

The units each carry a maximum sales charge of $0.395, consisting of an initial sales charge of $0.1, a deferred sales charge of $0.245 and a creation and development fee of $0.05. After the initial offering period, the creation and development fee will not apply, and the maximum sales charge will therefore be reduced by $0.05.

The trust has a mandatory termination date of Nov. 4, 2013.

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