Bank of America’s 20-Year Callable Capped Notes

Did You Invest in Bank of America’s 20-Year Callable Capped Notes (CUSIP: 06048WCU2) Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due June, 2030?

According to Bank of America’s prospectus on CUSIP: 06048WCU2:

The notes are designed for investors who wish to receive quarterly interest income, where, as described below, the amount of such interest depends on the amount by which the 30-year U.S. Dollar Constant Maturity Swap Rate exceeds the 2-year U.S. Dollar Constant Maturity Swap Rate 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 a structured product known as Bank of America 20-Year Callable Capped Notes Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due June, 2030 Preliminary Prospectus Cusip: 06048WCU2, 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.

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