Structured Notes: New deals update

Fluid dynamics 1 26 May 2022
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Recent structured note activity in USD and EUR.

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USD:

 

  • Citigroup is working on a self-led fixed callable maturing Mar 2028 NC1 that pays 5.1%. EMTN.   

     

  • Citigroup is working on a self-led fixed callable maturing Mar 2033 NC1 that pays 5.6%. Domestic MTN.

     

  • Citigroup is working on a self-led step-up callable maturing Mar 2028 NC1 that pays 5.4% to Mar 2025, 5.5% to Mar 2027 and 6% thereafter. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing Mar 2026 NC1 that pays 5.5%. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing Mar 2029 NC4 that pays 4.9%. EMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Mar 2028 NC2 that pays 5.4%. GMTN.

 

EUR:

 

  • Morgan Stanley issued €15m CMS-linked note due Apr 2035. Coupon pays EUR 20y +157bps floored at 3.25% and capped at 5.75%. Self-led.

     

  • NedWaters sold a €10m 20y NC10 EMTN 3.55% due Mar 2043 with a single call in Mar 2033. Lead is LBBW