Van Kampen's Series 1192 offers Preferred Opportunity Portfolio units

By Tali David

Minneapolis, Feb. 17 - Van Kampen Unit Trusts, Series 1192 is offering units of its Preferred Opportunity Portfolio, Series 17, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks an attractive level of current income by investing in a portfolio consisting of preferred securities issued primarily by financial institutions such as banks and insurance companies.

On the initial date of deposit, Feb. 17, $148,713 in contracts to purchase securities comprises the trust. The 15,022 units each have a public offering price of $10 and a net asset value of $9.60. The estimated net annual income is $0.62394 per unit.

The units each carry a maximum sales charge of 3.5%, consisting of a 1% initial sales charge, a 2% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced on a sliding scale to 1.55% depending on the amount of the investment.

The trust has a mandatory termination date of May 15, 2015.

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