Rule 497(d)
FT 414
Supplement to the Prospectus dated March 31, 2000, as amended
April 3, 2000
Sales Charge Discount for Eligible Purchasers
Notwithstanding anything to the contrary in the Prospectus, you can use
rollover proceeds from a previous series of the Trusts or your redemption or
termination proceeds from any Nike Securities L.P. sponsored unit investment
trust to purchase Units of the Trusts in FT 414 during the initial offering
period at the Public Offering Price less 1%. Dealers and other selling agents
will receive a concession or agency commission of 1.30% of the sales price of
Units sold pursuant to this provision. For rollover purchases of $1,000,000 or
more, the deferred sales charge shall be limited to 1.00% of the Public Offering
Price. In such instances, dealers and other selling agents will receive a
concession or agency commission of .50%.
May 3, 2000
