Guggenheim Defined Portfolios, Series 848 registers units

By Toni Weeks

San Diego, Nov. 22 - Guggenheim Defined Portfolios, Series 848 has registered units of its Zacks Income Advantage Strategy Portfolio (2-year), Series 1, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The trust seeks to provide current income with the potential for capital appreciation.

On the Nov. 22 inception date, $149,653 of sponsor's contracts to purchase underlying securities comprised the trust. The 15,117 units have a public offering price of $10.00 and a net asset value of $9.53 per unit.

The units carry an initial sales fee of 3.95%, including an initial sales fee of 1%, a deferred sales fee of 2.45% and a creation and development fee of 0.5%. Sales charge reductions of up to 1.5% of the public offering price are available depending on the amount of the investment.

The trust's termination date is Nov. 15, 2013.

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