Structured Notes: New deals update
- Barclays is working on a self-led CMS steepener maturing May 2038 NC2 that pays 10% for the first two years, then pays 35*(CMS2y/30y), capped at 9% and floored at zero. EMTN.
- Societe Generale is working on a self-led fixed callable maturing May 2025 NC6m that pays 5%. Domestic MTN.
- Land NRW issued €100m 40y NC12 callable due May 2063. Coupon pays 2.95% with single call in May 2035. Led by UniCredit.
- Morgan Stanley issued €50m (max) EMTN due 5 Nov 2035. Coupon and redemption are linked to euro HICPx inflation. Self-led