New Issue: Nomura upsizes callable leveraged steepener notes on CMS rates to $6.5 million

By Marisa Wong

Madison, Wis., Dec. 27 - Nomura America Finance, LLC priced an additional $3.5 million of callable leveraged steepener notes due Dec. 29, 2025 based on the 30-year and two-year Constant Maturity Swap rates, according to a 424B2 filing with the Securities and Exchange Commission.

This brings the total deal size to $6.5 million. The issuer priced an initial $3.01 million of the steepener notes on Dec. 20.

The coupon will be 12% for the first two years. After that, the rate will be four times the spread of the 30-year CMS rate over the two-year CMS rate, up to a maximum of 10%. Interest will be payable quarterly and cannot be less than zero.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning Dec. 29, 2012.

Nomura Securities International, Inc. is the agent.

Issuer:	Nomura America Finance, LLC
Issue:	Callable leveraged steepener notes
Amount:	$6.5 million, increased from $3,005,000
Maturity:	Dec. 29, 2025
Coupon:	12% for two years; thereafter, four times difference between 30-year CMS rate and two-year CMS rate, capped at 10% with floor of zero; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on interest payment dates after two years
Pricing date:	Dec. 20 for $3,005,000; Dec. 23 for $3,495,000
Settlement date:	Dec. 29
Agent:	Nomura Securities International, Inc.
Fees:	3.5%
Cusip:	65539AAM2

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