Van Kampen's Taxable Income Series 360 offers high-grade units

By Toni Weeks

San Diego, Dec. 8 - Van Kampen Unit Trusts, Taxable Income Series 360 is offering units of its Investment-Grade Income Trust, 10-20 Year Series 15 portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks a high level of current income and the preservation of capital by investing in a portfolio of corporate bonds and taxable municipal bonds maturing about 10 to 20 years from the date of deposit. The bonds may include Build America Bonds, Qualified School Construction Bonds, Qualified Energy Conservation Bonds and Clean Renewable Energy Bonds.

As of Dec. 8, the initial date of deposit, $13,220,044 of contracts to purchase bonds comprised the trust, of which $11,560,000 represents the principal amount of bonds in the trust. Each of the 13,874 units has a public offering price of $994.98 and a net asset value of $952.86.

The estimated monthly current return is 5.36%, and the estimated long-term return is 4.68%.

Each unit will have a sales charge of 3.9%, which may be reduced depending on the amount of investment.

The weighted average maturity of the bonds in the trust is 19 years.

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