First Trust files four target outcome ETFs that invest in options on ETFs

Well, that descriptive title was a mouthful.

FT Cboe Vest Growth-100 Enhanced ETF - [Month]

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the QQQ
• Target outcome of 2x returns of QQQ at a calendar month in 2021 to be determined
• Prospectus is here.

FT Cboe Vest Growth-100 Quarterly Enhanced ETF

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the QQQ
• Target outcome of 2x returns of QQQ at a calendar quarter in 2021 to be determined
• Prospectus is here.

FT Cboe Vest U.S. Equity Quarterly Enhanced ETF

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the SPY
• Target outcome of 2x returns of SPY over period to be determined
• Prospectus is here.

FT Cboe Vest U.S. Equity Uncapped Buffer15 ETF – [Month]

• Invests in FLexible EXchange® Options (“FLEX Options” ) on the SPY
• Seeks to protect investors on first 15% of losses of SPY from reference price and date
• Prospectus is here.

https://www.sec.gov/Archives/edgar/data/1667919/000144554620005394/etf8_485a.htm

Style: Actively-managed

Effective date: Jan. 25, 2021

Exchange: Cboe BZX

Expense ratios: N/A