Structured Notes: New deals update

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Recent structured note activity in USD, CAD and EUR.

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USD:

Morgan Stanley is working on a self-led step-down callable maturing Jun 2028 NC1 that pays 6% to Jun 2024, 5% to Jun 2025, 4.5% to Jun 2026 and 4% thereafter. CD format. Domestic.
Morgan Stanley is working on a self-led step-up callable maturing Jun 2027 NC1 that pays 5.05% to Sep 2025, 5.25% to Sep 2026, 5.5% to Dec 2026 and 5.75% thereafter. CD format. Domestic.
Goldman Sachs is working on a self-led fixed callable maturing Jul 2024 NC6m that pays 5.55%. Domestic MTN.
JP Morgan is working on a self-led fixed callable maturing Jul 2024 NC6m that pays 5.5%. Domestic MTN.
Citigroup is working on a self-led fixed callable maturing Jun 2026 NC1 that pays 5.5%. Domestic MTN.
Citigroup is working on a self-led fixed callable maturing Jun 2028 NC1 that pays 5.6%. Domestic MTN.
Citigroup is working on a self-led fixed callable maturing Jun 2024 NC6m that pays 5.5%. Domestic MTN.
Santander is working on a self-led fixed callable maturing Jun 2026 NC1 that pays 4.3%. EMTN.
Credit Agricole is working on a self-led fixed callable maturing Jun 2026 NC1 that pays 4.9%. EMTN.
UBS is working on a self-led fixed callable maturing Jun 2025 NC1 that pays 5.48%. EMTN.
UBS is working on a self-led fixed callable maturing Jun 2025 NC1 that pays 5.29%. EMTN.

CAD:

Royal Bank of Canada is working on a self-led CAD extendible with initial maturity Dec 2024 and then extendible to Jun 2028 that pays 5.36%. Canadian.
Bank of Montreal is working on a self-led CAD extendible with initial maturity Jun 2024 and then extendible to Jun 2026 that pays 5.3%. Canadian. Domestic MTN.

EUR:

NRW.Bank issued €20m 5y NC1 callable due Jun 2028. Coupon pays 3.6% with single call in Jun 2024. Led by DZ Bank.
KfW issued €30m 12y NC3 callable due Jun 2035. Coupon pays 3.9% with single call in Jun 2026. Led by Credit Agricole.
Goldman Sachs issued €10m callable CMS due Jun 2035. Coupon pays EUR 20y CMS capped at 7% and floored at 4.5%. Single call in Jun 2030. Self-led.
SPIRE issued €75m EMTN repack due 15 Jun 2024. Coupon pays 3mE +30bps and backed by unspecified repack. Further details unavailable. Led by Citi.