Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CK5)

Did You Invest in Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CK5), Callable Leveraged CMS Spread Market-Linked Certificates of Deposit Maturing 2030?

According to Citigroup Market-Linked Certificates of Deposit Prospectus (Cusip: 172986CK5):

The Market-Linked Certificates of Deposit are not registered under the Securities Act of 1933, as amended, or any state securities law, and are not required to be so registered. The Market-Linked Certificates of Deposit have not been approved or disapproved by any federal or state securities commission or banking authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. Any representation to the contrary is a criminal offense.

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 Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CK5), Callable Leveraged CMS Spread Market-Linked Certificates of Deposit Maturing 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: Matt Buck via Flickr