Rule 497(e)
Registration Nos. 333-210186 and 811-23147
First Trust Exchange-Traded Fund VIII
(the “Trust”)
FT Vest U.S. Equity Buffer ETF – MAY
FT Vest U.S. Equity Deep Buffer ETF – MAY
FT Vest U.S. Equity Moderate Buffer ETF – MAY
FT Vest U.S. Small Cap Moderate Buffer ETF – MAY
(each a “Fund”)
Supplement To each Fund’s Prospectus
Dated May 10, 2024
As described in each Fund’s prospectus, Fund shareholders are subject to an upside return cap that represents the maximum percentage return an investor can achieve from an investment in a Fund for a given Target Outcome Period. On May 17, 2024, each Fund’s current Target Outcome Period will end, and a new Target Outcome Period will begin as of May 20, 2024. The new Target Outcome Period will end on May 16, 2025. While the actual caps will not be determined until the first day of the new Target Outcome Period, set forth below are the anticipated cap ranges for each Fund for the Target Outcome Period beginning on May 20, 2024. A supplement to each Fund’s prospectus will be filed on May 20, 2024 that will include the actual cap for the new Target Outcome Period, which may be higher or lower than the anticipated cap ranges set forth below.
| Fund |
Anticipated (before fees and expenses) |
Anticipated cap range (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund’s management fee) |
| FT Vest U.S. Equity Buffer ETF – May (FMAY) | 15.35% - 17.75% | 14.50% - 16.90% |
| FT Vest U.S. Equity Deep Buffer ETF – May (DMAY) | 14.25% - 16.05% | 13.40% - 15.20% |
| FT Vest U.S. Equity Moderate Buffer ETF – May (GMAY) | 12.85% - 15.05% | 12.00% - 14.20% |
| FT Vest U.S. Small Cap Moderate Buffer ETF – May (SMAY) | 17.95% - 20.25% | 17.05% - 19.35% |
Please Keep this Supplement with your Fund Prospectus for Future Reference