Structured Notes: New deals update

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Recent structured note activity in USD, CAD and EUR.

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USD:

 

  • Societe Generale is working on a self-led fixed callable maturing Feb 2028 NC1 that pays 5%. EMTN.

     

  • Societe Generale is working on a self-led fixed callable maturing Feb 2026 NC1 that pays 4.6%. EMTN.

     

  • Bank of America is working on a self-led fixed callable maturing Feb 2028 NC1 that pays 4.5%. EMTN.

     

  • Barclays is working on a self-led fixed callable maturing May 2024 NC6m that pays 5%. GMTN.

     

  • Credit Agricole is working on a self-led fixed callable maturing Feb 2028 NC1 that pays 5.2%. Domestic MTN.

     

  • UBS Bank is working on a self-led $25m fixed callable maturing Jan 2024 NC2m that pays 5.52%. Credit linked. EMTN.

     

  • Credit Industriel et Commercial is working on a $10m fixed callable maturing Feb 2033 NC3 that pays 5.5%. Lead N/A. EMTN.

 

CAD:

 

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Feb 2024 and then extendible to Feb 2028 that pays 5.2% to Feb 2024, then pays 5.3%, 5.4%, 5.5%, and 5.6%, stepping up annually. Canadian.

     

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Feb 2024 and then extendible to Feb 2028 that pays 4.95% to Feb 2024, then pays 5%, 5.05%, 5.15%, and 5.2%, stepping up annually. Canadian.

 

EUR:

 

 

  • Barclays issued €15m 15y NC6 CMS-linked callable due Feb 2038. Coupon pays 9.6% fixed until Feb 2026. It then pays 6 * EUR 2s/30s floored at zero. Annual calls from Feb 2029. Self-led.