Did You Invest in Bank of America’s Market Participation Certificates of Deposit (CUSIP: 06048wcp3) Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due July, 2030
According to Bank of America’s prospectus on CUSIP: 06048wcp3:
The MPCDs are designed for investors who wish to receive quarterly interest income, where, the amount of such interest depends on the amount by which the Spread Differential exceeds the Strike as of the applicable interest determination date.
Investors ought to be cautious with this type of investment. According to the Financial Industry Regulatory Authority (FINRA):
If you bought the structured product known as Bank of America Market Participation Certificates of Deposit (“MPCDs”) Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due July, 2030 CUSIP: 06048wcp3 , and it was sold to you as a safe, liquid, and/or conservative investment, and then you suffered losses, you may have a claim. Contact the attorneys at Sonn Law Group for free consultation.
Image credit: Mike Mozart via Flickr