Structured Notes: New deals update

Hiking 18 Oct 2021
;
Recent structured note activity in USD.

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USD:

 

  • BNP Paribas sold a $50m 20y NC7 zero coupon callable (non-Formosa). The EMTN matures Sep 2043 and is callable every five years starting Sep 2030. Self-led. Estimated IRR 5.96%. Announced Sep 1.

     

  • UBS sold a $10m 10y NC1 zero coupon callable (non-Formosa). The EMTN matures Sep 2033 and is callable every year starting Sep 2024. Self-led. Estimated IRR 5.45%. Announced Aug 30.

     

  • Goldman Sachs sold a $10m 5y NC1 zero coupon callable (non-Formosa). The EMTN matures Sep 2028 and is callable every year starting Sep 2024. Lead N/A. Estimated IRR 6.26%. Announced Aug 30.

     

  • Morgan Stanley is working on a self-led fixed callable maturing Sep 2028 NC3 that pays 5.3%. Domestic MTN.

     

  • Morgan Stanley is working on a self-led fixed callable maturing Sep 2031 NC4 that pays 5.4%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Sep 2038 NC3 that pays 6.05%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Sep 2030 NC2 that pays 6.2%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Sep 2028 NC1 that pays 6.15%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Sep 2028 NC2 that pays 6%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Sep 2033 NC2 that pays 6.05%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 4.2%. EMTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 4.3%. EMTN.

     

  • JP Morgan is working on a self-led $20m fixed callable maturing Sep 2024 NC6m that pays 5.45%. EMTN.

     

  • Barclays is working on a self-led fixed callable maturing Sep 2027 NC3 that pays 5.68%. EMTN.

     

  • Barclays is working on a self-led fixed callable maturing Sep 2028 NC2 that pays 6%. EMTN.

     

  • Citigroup is working on a self-led fixed callable maturing Dec 2030 NC6 that pays 5.25%. Domestic MTN.

     

  • Citigroup is working on a self-led CMS steepener maturing Oct 2035 NC1 that pays a given coupon for the first year, then pays 20*(CMS5y/30y), floored at zero. EMTN.

     

  • Citigroup is working on a self-led fixed callable maturing Sep 2028 NC1 that pays 5.7%. EMTN.

     

  • BNP Paribas is working on a self-led floating callable maturing Jul 2028 NC3 that pays O/N SOFR +282bps. EMTN. Credit linked to ArcelorMittal.

     

  • Credit Agricole is working on a self-led fixed callable maturing Sep 2026 NC2 that pays 5.7%. EMTN.

     

  • HSBC is working on a self-led step-up callable maturing Mar 2025 NC1 that pays 4.6% to Mar 2024, 4.65% to Sep 2024 and 4.7% thereafter. Eurodollar.

     

  • CIBC is working on a self-led USD extendible with initial maturity Sep 2027 and then extendible to Sep 2028 that pays 5.7%. Domestic MTN.

     

  • UBS is working on a self-led fixed callable maturing Sep 2025 NC1 that pays 5.42%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 5.4%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Sep 2025 NC6m that pays 5.38%. EMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 6%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Sep 2024 NC9m that pays 5.7%. GMTN.

     

  • Bank of Montreal is working on a self-led fixed callable maturing Sep 2033 NC2 that pays 5.85%. Domestic MTN.

     

  • Societe Generale is working on a self-led CMS steepener maturing Sep 2027 NC2 that pays 14% for the first year, then pays 7*(CMS2y/10y), floored at zero. EMTN.  

     

  • Wells Fargo is working on a self-led $10m fixed callable maturing Sep 2033 NC3 that pays 5.93%. EMTN.  

     

  • Wells Fargo is working on a self-led fixed callable maturing Sep 2027 NC6m that pays 5.85%. Domestic MTN.

     

  • Wells Fargo is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 5.7%. Domestic MTN.

 

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