Did You Invest in J.P. Morgan’s Callable Interest Rate Spread CDs due March 12, 2034 Linked to the 30-Year U.S. Dollar Constant Maturity Swap Rate and the 2-Year U.S. Constant Maturity Swap Rate (CUSIP: 48125TGJ8)?
According to J.P. Morgan’s prospectus on CUSIP: 48125TGJ8:
The CDs are not designed to be short-term trading instruments. The price at which you will be able to sell your CDs prior to maturity may be at a substantial discount from the issue price of the CDs. The CDs are designed to be held to maturity. Your principal is protected only at maturity.
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 J.P. Morgan’s Callable Interest Rate Spread CDs due March 12, 2034 Linked to the 30-Year U.S. Dollar Constant Maturity Swap Rate and the 2-Year U.S. Constant Maturity Swap Rate CUSIP: 48125TGJ8, 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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