Bank of America’s 20-Year Callable Capped Notes (Cusip: 06048WJA9)

Did You Invest in Bank of America’s20-Year Callable Capped Notes (Cusip: 06048WJA9), Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due November 4, 2031?

According to Bank of America‘s 20-Year Callable Capped Notes(Cusip: 06048WJA9): 

The notes are designed for investors who wish to receive quarterly interest income, where, as described below, after the first year of the notes, the amount of such interest depends on the Spread Differential as of the applicable interest determination date (as defined below).

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’s20-Year Callable Capped Notes (Cusip: 06048WJA9), Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due November 4, 2031., 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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