Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CY5)

Did You Invest in Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CY5), Callable Leveraged CMS Spread Market-Linked Certificates of Deposit Maturing in 2031?

According to Citigroup Market-Linked Certificates of Deposit (Cusip: 172986CY5):

The Callable Leveraged CMS Spread Market-Linked Certificates of Deposit Maturing , 2031 are a specific type of callable market-linked time deposit offered by Citibank that offers the potential for periodic income based on the performance of the CMS Spread (as defined below) and has a maturity of twenty years.

Because the Deposits are bank deposits, your principal investment in the Deposits is principal protected if held to maturity. Thus, if you hold your Deposit to maturity, you will receive at maturity for each $1,000 principal amount deposited an amount in cash equal to $1,000 plus any accrued and unpaid interest.

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: 172986CY5), Callable Leveraged CMS Spread Market-Linked Certificates of Deposit Maturing in 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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