Structured Notes: New deals update

Long road 10 Nov 2020
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Recent structured note activity in USD and EUR.

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USD:

 

  • Goldman Sachs is working on a self-led $30m fixed to FRN note maturing Jun 2025 NC1 that pays 5.95% for the first year, then pays a spread*(1+given variable) +1%, floored at zero. EMTN.

     

  • Goldman Sachs is working on a self-led $30m fixed to FRN note maturing Jun 2025 NC1 that pays 6% for the first year, then pays a spread*(1+given variable) +1%, floored at zero. EMTN.

     

  • JP Morgan is working on a self-led fixed callable maturing May 2026 NC1 that pays 5.3%. Domestic MTN.

     

  • Standard Chartered is working on a self-led $50m fixed callable maturing Jun 2025 NC1 that pays 5.5%. EMTN. 

 

EUR:

 

  • DZ Bank issued EUR 5y NC2 callable due Jun 2028. Coupon pays 4.27% with single call in Jun 2025. Self-led.


  • Barclays issued €10m CMS-linked EMTN due Jun 2033. Coupon pays EUR 10y CMS * 1.31, capped at 6%. Self-led
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