East West Bank Callable Fixed to Floating Rate Market-Linked Certificates of Deposit (Cusip: 27579TPQ7)

East West Bank Callable Fixed to Floating Rate Market-Linked Certificates of Deposit (Cusip: 27579TPQ7)Did You Invest in East West Bank Callable Fixed to Floating Rate Market-Linked Certificates of Deposit (Cusip: 27579TPQ7), Linked to a CMS Spread Maturing September 30, 2033?

According to East West Bank Callable Fixed to Floating Rate Market-Linked Certificates of Deposit (Cusip: 27579TPQ7):

The Callable Fixed to Floating Rate Market-Linked Certificates of Deposit Linked to the CMS Spread Maturing September 30, 2033 (the “Deposits”) are a specific type of callable market-linked time deposit offered by East West Bank (the “Bank,” “we,” “our,” or “us”) that offers the potential for periodic income as described below and have a maturity of twenty years (subject to our right to call the Deposits as described below).

Because the Deposits are bank deposits, your Deposits will be insured by the Federal Deposit Insurance Corporation (the “FDIC”) up to applicable FDIC insurance limits effective from time to time as described in the accompanying Disclosure Statement in the section “Deposit Insurance.” If you hold your Deposit to maturity, you will receive at maturity 100% of the Deposit Amount you then hold, plus any accrued and unpaid interest.

However, the value of the Deposits before maturity and the amount of interest, if any, you receive after the first year following their issuance will depend on the performance of the CMS Spread, as described in more detail below.

Investors ought to be cautious with this type of investment. According to the Financial Industry Regulatory Authority (FINRA):

FINRA-Structured-Products


If you bought the structured product known as East West Bank Callable Fixed to Floating Rate Market-Linked Certificates of Deposit (Cusip: 27579TPQ7), Linked to a CMS Spread Maturing September 30, 2033, 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: Hungarian Snow via Flickr

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