FIRST TR EXCHANGE TRADED FD VIII VEST US EQUITY DEEP BUFFER ETF MAY

The investment objective of the FT Cboe Vest U.S. Equity Deep Buffer ETF - May is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR® S&P 500® ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 9.95% (before fees, expenses and taxes) and 9.09% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee), while providing a buffer against Underlying ETF losses between -5% and -30% (before fees, expenses and taxes) over the period from May 18, 2020 to May 21, 2021. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange® Options that reference the performance of the SPDR® S&P 500® ETF Trust.