FT Vest U.S. Equity Moderate Buffer ETF - October

FT Vest U.S. Equity Moderate Buffer ETF - October is an exchange-traded fund designed to provide exposure to the price performance of the SPDR S&P 500 ETF Trust while using options to moderate losses over a defined one-year outcome period. The fund primarily invests in FLEX Options and collateral, creating a target-outcome structure that seeks a balance between upside participation and downside protection within preset limits. It is used by investors looking for packaged equity market exposure with a moderated risk profile, rather than direct ownership of the underlying index. The ETF is part of the broader defined-outcome category and plays a role in the market as a rules-based income and risk-management tool for U.S. large-cap equity exposure.