FT 3430 registers Growth & Income Opportunity Portfolio Series units

By Tali David

Minneapolis, March 23 - FT 3430 registered units of its Growth & Income Opportunity Portfolio Series, 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 will seek capital appreciation and income by investing in a diversified portfolio of common stocks, common stocks issued by exchange-traded funds and common stocks of closed-end funds.

The units will have an initial offering price of $10 and a net asset value of $9.574 each. Each unit will carry a maximum sales charge of 3.95%, consisting of an initial sales charge of 1%, a deferred sales charge of 2.45% and a creation and development fee of 0.5%. The maximum fee decreases on a sliding scale to 2.45% depending on the investment.

The trust will have an inception date in April and a mandatory termination date of April 24, 2014.

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