Structured Notes: New deals update

USD:

• Morgan Stanley is working on a self-led $36 fixed callable maturing Jun 2033 NC3 that pays 5.55%. EMTN.  

   

• Citigroup is working on a self-led fixed callable maturing Jun 2028 NC1 that pays 5%. EMTN.

   

• Merrill Lynch sold a $40m 10y NC5 fixed callable Formosa 5.3% due Jun 2033. The note is callable annually from Jun 2028. Leads are KGI and Sinopac and announced May 24.

   

• Barclays is working on a self-led $50m fixed callable maturing Jun 2025 NC1that pays 5.5%. EMTN.

   

• UBS is working on a self-led $50m fixed callable maturing Jan 2025 NC1m that pays 5.88%. EMTN. Credit linked to Bank of China HK.

   

• UBS is working on a self-led $20m fixed callable maturing May 2024 NC6m that pays 5.85%. EMTN.

   

• Royal Bank of Canada London is working on a self-led inverse FRN maturing Jun 2026 NC1 that pays 7% for the first year and then pays 7*(4%-CMS10y), floored at zero. EMTN.  

   

• Bank of Montreal is working on a self-led fixed callable maturing Jun 2033 NC6m that pays 4.9%. CD format. Domestic. 

CAD:

• Royal Bank of Canada is working on a self-led CAD extendible with initial maturity Jun 2028 and then extendible to Jun 2038 that pays 5.27%. Canadian.

   

• Royal Bank of Canada is working on a self-led CAD extendible with initial maturity Jun 2028 and then extendible to Jun 2038 that pays 5.55%. Canadian.

   

• Bank of Montreal is working on a self-led CAD extendible with initial maturity Nov 2027 and then extendible to May 2033 that pays 4.86%. Canadian.

   

• Bank of Montreal is working on a self-led CAD extendible with initial maturity May 2032 and then extendible to May 2033 that pays 4.86%. Canadian.