Nomura plans callable leveraged steepener notes linked to CMS rates

By Angela McDaniels

Tacoma, Wash., Nov. 16 - Nomura America Finance, LLC plans to price callable leveraged steepener notes due Nov. 24, 2025 linked to the 10-year and two-year Constant Maturity Swap rates, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will initially be 11%. Beginning Nov. 24, 2012, the interest rate will be four times the spread of the 10-year CMS rate over the two-year CMS rate minus 25 basis points, subject to a floor of zero and a cap of 11% per year. Interest will be payable quarterly.

The payout at maturity will be par.

Beginning Nov. 24, 2012, the notes will be callable at par on any interest payment date.

The notes (Cusip 65539AAG5) are expected to settle Nov. 24.

Nomura Securities International, Inc. is the agent.

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