FT Vest U.S. Equity Buffer - November 

The FT Vest U.S. Equity Buffer ETF - November (FNOV) aims to deliver investment returns (before any deductions for fees and expenses) that track the price movements of the SPDR S&P 500 ETF Trust, its chosen benchmark fund. This objective includes a ceiling on potential gains, fixed at a maximum of 16.62%. Additionally, the fund is designed to shield investors (prior to fees and expenses) from the first 10% of any losses incurred by the benchmark ETF. This specific return profile and protection apply over the period spanning from November 24, 2025, through November 20, 2026.