Structured Notes: New deals update

Climber sunset 25 Mar 2021
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Recent structured note activity in USD and CAD.

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USD

 

  • Citigroup is working on a self-led $30m fixed callable maturing Jun 2027 NC1 that pays 5.1%. EMTN.

     

  • Citigroup is working on a self-led $20m fixed callable maturing Jun 2027 NC1 that pays 5.1%. EMTN.

     

  • Citigroup is working on a self-led fixed callable maturing Jun 2025 NC1 that pays 4.75%. Domestic MTN.

     

  • Citigroup is working on a self-led $30m CMS dual ranger note maturing Jul 2029 NC2 that pays 9% to Jul 2024, and 5.1% thereafter as long as 75% of (days CMS2y/30y is greater than or equal to 0bps and CMS10y is less than or equal to 5.5%/ total days) or else pays 5.1%. EMTN.

     

  • Societe Generale is working on a self-led $20m CMS dual ranger note maturing Jul 2029 NC1 that pays 8% to Jun 2023, and then pay 5.3% thereafter as long as 75% of (days CMS2y/30y is greater than or equal to 0bps and CMS10y is less than or equal to 5%/ total days) or else pays 5.3%*( days CMS2y/30y is greater than or equal to 0bps and CMS10y is less than or equal to 5%/ total days). EMTN.

 

CAD:

 

  • Royal Bank of Canada is working on a self-led CAD extendible with initial maturity Jun 2053 and then extendible to Jun 2034 that pays 6.05%. Canadian.