Structured Notes: New deals update

Shuttle rocket launch 25 Mar 2021
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Recent structured note activity in USD and EUR.

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USD:

 

  • Natixis sold a $77m 5y NC4 floating rate callable Formosa. The EMTN matures Jun 2028, is callable in Jun 2027 and pays SOFR +130bps floored at 0%. Leads are Taishin, Cathay, E.Sun, KGI and Mega International. Announced Jun 5.

     

  • JP Morgan is working on a self-led fixed callable maturing Dec 2031 NC7 that pays 5.5%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Jun 2026 NC1 that pays 5.625%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Jun 2025 NC1 that pays 5.62%. Domestic MTN.

     

  • Toronto Dominion is working on a fixed callable via Jeff and TD maturing Jun 2026 NC6m that pays 5.6%. GMTN. 

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Jun 2030 NC1 that pays 5%. Domestic MTN.

 

EUR:

 

  • Helaba issued EUR 5y NC1 due Jul 2028. Coupon pays 3.15% with single call in Jul 2024. Self-led.