Bank of America’s Market Participation Certificates of Deposit (Cusip: 06051VTG1)

Did you invest in Bank of America’s Market Participation Certificates of Deposit (Cusip:06051VTG1), 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 Market Participation Certificates of Deposit (Cusip: 06051VTG1):

The MPCDs 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 Spread Differential exceeds the Strike (each as defined below) 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’s Market Participation Certificates of Deposit (Cusip:06051VTG1) Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant Maturity Swap Rates, due July 2030, 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