J.P. Morgan’s Fixed to Floating Rate Callable Range Accrual Certificates of Deposit CUSIP: 48126XRJ6

J.P. Morgan's 7yr Capped S&P 500® Index CD CUSIP: 48128FW65Did You Invest in J.P. Morgan’s Fixed to Floating Rate Callable Range Accrual Certificates of Deposit Linked to the S&P 500®
Index, 30-Year U.S. Dollar ICE Swap Rate and the 2-Year U.S. Dollar ICE Swap Rate due December 28, 2031 (CUSIP: 48126XRJ6)?

According to J.P. Morgan’s prospectus on CUSIP: 48126XRJ6:

The CDs are designed for investors who seek the return of their principal on the Maturity Date and periodic interest payments that will accrue (i) for the Initial Interest Periods, at a rate of 9.00% per annum and (ii) for each other Interest Period, at a per annum rate equal to the Spread (the 30-Year ICE Swap Rate minus the 2-Year ICE Swap Rate minus 0.50%) on the applicable Determination Date for such Interest Period  multiplied by the Multiplier, provided that the Closing Level of the S&P 500® Index on each Accrual Determination Date during such Interest Period is greater than or equal to the Minimum Index Level (75.00% of the Closing Level of the S&P 500® Index on the Pricing Date), and subject to the Maximum Interest Rate and the Minimum Interest Rate.

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 J.P. Morgan’s Fixed to Floating Rate Callable Range Accrual Certificates of Deposit Linked to the S&P 500® Index, 30-Year U.S. Dollar ICE Swap Rate and the 2-Year U.S. Dollar ICE Swap Rate due December 28, 2031 CUSIP: 48126XRJ6, 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: Håkan Dahlström via Flickr

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