| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Buffer & Digital Return ETF - October (the "Fund") is to seek to provide investors with a buffer against the first 10% of losses on the price returns of the SPDR S&P 500 ETF Trust (the "Underlying ETF") while also providing a predetermined return level ("digital return") that is 8.80% (before fees and expenses) if the Underlying ETF appreciates in price, remains unchanged or decreases in price by 10% or less, over the period from October 20, 2025 through October 16, 2026. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the Underlying ETF. The Fund uses FLEX Options to employ a "target outcome strategy." If the Underlying ETF appreciates in price, remains unchanged or decreases in price by 10% or less over the Target Outcome Period, the combination of FLEX Options held by the Fund seeks to provide a digital return that is 8.80%. If the Underlying ETF decreases in price by more than 10% over the Target Outcome Period, investors will not receive the digital return and the Fund will experience all subsequent losses on a one-to-one basis (i.e., if the Underlying ETF loses 20%, the Fund loses 10%). |
