FT Vest U.S. Equity Buffer & Digital Return ETF - April

FT Vest U.S. Equity Buffer & Digital Return ETF - April is an exchange-traded fund designed to provide a defined outcome tied to the price performance of the SPDR S&P 500 ETF Trust. For investors who hold shares through the full outcome period, the fund seeks to deliver a fixed digital return if the reference ETF rises, remains unchanged, or declines by up to 10%, while also offering a buffer against the first 10% of losses. The fund uses FLEX Options rather than holding stocks directly, creating a structured payoff profile that limits upside beyond the stated digital return and exposes investors to losses beyond the buffer. FT Vest U.S. Equity Buffer & Digital Return ETF - April is used in the market as a rules-based equity strategy focused on large-cap U.S. stocks through a derivative-based approach.