diff --git a/test/concrete/flowErc20/FlowErc20ConstructionInitializeTest.sol b/test/concrete/flowErc20/FlowErc20ConstructionInitializeTest.sol
new file mode 100644
index 00000000..b36a8c38
--- /dev/null
+++ b/test/concrete/flowErc20/FlowErc20ConstructionInitializeTest.sol
@@ -0,0 +1,48 @@
+// SPDX-License-Identifier: CAL
+pragma solidity ^0.8.18;
+
+import {Vm} from "forge-std/Test.sol";
+
+import {InterpreterMockTest} from "test/abstract/InterpreterMockTest.sol";
+import {FlowERC20ConfigV2, IFlowERC20V5} from "src/interface/unstable/IFlowERC20V5.sol";
+import {EvaluableConfigV3} from "rain.interpreter.interface/interface/IInterpreterCallerV2.sol";
+import {FlowERC20} from "src/concrete/erc20/FlowERC20.sol";
+import {CloneFactory} from "rain.factory/src/concrete/CloneFactory.sol";
+import {FlowUtilsAbstractTest} from "test/abstract/FlowUtilsAbstractTest.sol";
+
+contract FlowErc20ConstructionInitializeTest is InterpreterMockTest, FlowUtilsAbstractTest {
+    CloneFactory internal immutable iCloneFactory;
+    IFlowERC20V5 internal immutable iFlowERC20Implementation;
+
+    constructor() {
+        vm.pauseGasMetering();
+        iCloneFactory = new CloneFactory();
+        iFlowERC20Implementation = new FlowERC20();
+        vm.resumeGasMetering();
+    }
+
+    function testFlowConstructionInitialize(address expression, bytes memory bytecode, uint256[] memory constants)
+        external
+    {
+        expressionDeployerDeployExpression2MockCall(expression, bytes(hex"0007"));
+
+        EvaluableConfigV3[] memory flowConfig = new EvaluableConfigV3[](1);
+        flowConfig[0] = EvaluableConfigV3(iDeployer, bytecode, constants);
+
+        FlowERC20ConfigV2 memory flowERC20ConfigV2 =
+            FlowERC20ConfigV2("Flow ERC20", "F20", EvaluableConfigV3(iDeployer, bytecode, constants), flowConfig);
+
+        vm.recordLogs();
+        iCloneFactory.clone(address(iFlowERC20Implementation), abi.encode(flowERC20ConfigV2));
+
+        Vm.Log[] memory logs = vm.getRecordedLogs();
+        bytes32 eventSignature =
+            keccak256("Initialize(address,(string,string,(address,bytes,uint256[]),(address,bytes,uint256[])[]))");
+
+        Vm.Log memory concreteEvent = findEvent(logs, eventSignature);
+        (address sender, FlowERC20ConfigV2 memory config) = abi.decode(concreteEvent.data, (address, FlowERC20ConfigV2));
+
+        assertEq(sender, address(iCloneFactory), "wrong sender in Initialize event");
+        assertEq(keccak256(abi.encode(flowERC20ConfigV2)), keccak256(abi.encode(config)), "wrong compare Structs");
+    }
+}