Structured Notes: New deals update
USD:
- Goldman Sachs is working on a self-led fixed callable maturing Feb 2028 NC1 that pays 5.25%. Domestic MTN.
- Toronto Dominion is working on a self-led $82.5m fixed callable maturing Jan 2024 NC6m that pays 5.3%. CD format. Domestic.
- Societe Generale is working on a self-led CMS steepener maturing Feb 2038 NC1 that pays 10% for the first year, then pays 10*(CMS2y/30y), capped at 12% and floored at zero. Conditional on the S&P 500, Euro Stoxx Bank Index and Nasdaq remaining at or above 60% of an initial index level throughout the life of the note. Domestic MTN.
- Ally Financial is working on a fixed callable via Insperx maturing Feb 2033 NC6m that pays 6.25%. Domestic MTN.
- Ally Financial is working on a fixed callable via Insperx maturing Feb 2026 NC6m that pays 5.9%. Domestic MTN.
EUR:
- Bank of Montreal issued €10m 16y NC8 callable due Jan 2039. Coupon pays 4.12% with single puttable call in jan 2031. Led by UBS.
- Rentenbank issued €25m 7y NC3 callable due Jan 2030. Coupon pays 3.02% with single call in Jan 2026. Led by DZ Bank.