G-250 USD New Issue Supply with Trade Indicators for May 6, 2025

Bank of America (BAC, A1/A-)

$Benchmark 4NC3 FRN IPT SOFR+134 - Model output: Attractive wherever it comes

$Benchmark 4NC3 Fixed IPT +110 Area - Model output: Attractive to 89/3Y

$Benchmark 11NC10 IPT +140 Area - Model output: Attractive to 119/10Y

PNC Bank NA (PNC, A2/A)

2NC1 Fxd-to-FRN (May 13, 2027) IPT +100 Area – Model output: Attractive to 78/2Y

6NC5 Fxd-to-FRN (May 13, 2031) IPT +120-125– Model output: Attractive to 91/5Y

Standard Chartered (STANLN, A3/BBB+)

$Benchmark 6NC5 Fixed (May 13, 2031) +165 - Model output: Attractive to 133/5Y

UBS (UBS, A3/A)

$Benchmark 11NC10 Fixed (May 9, 2036) IPT +160 Area - Model output: Attractive to 136/10Y

Deutsche Bank AG/New York NY (DB, Baa1/BBB)

$6NC5 SNP Fxd-to-FRN (May 9, 2031) IPT +170 Area - Model output: Attractive to 143/5Y

Starbucks (SBUX, Baa1/BBB+)

$Benchmark 3Y Fixed (May 15, 2028) IPT +100 Area - Model output: Attractive to 79/3Y

$Benchmark 5Y Fixed (May 15, 2030) IPT +115 Area - Model output: Attractive to 97/5Y

$Benchmark 10Y Fixed (May 15, 2035) IPT +135 Area - Model output: Attractive to 102/10Y

Disclaimer - This report is not intended as, and does not constitute an offer, or a solicitation to buy or sell any securities or financial instruments. All data, levels, opinions, and representations herein are provided for informational purposes only and should not be relied upon for making investment decisions. Past performance is not indicative of future results. The authors of this report assume no liability for losses or damages arising from the use of this information. Investors should consult with a qualified financial advisor before making any investment decisions. The information in this report is based on sources believed to be reliable, but no guarantee is made as to its accuracy, completeness, or timeliness.