Nomura amends callable leveraged steepener notes linked to CMS rates

By Angela McDaniels

Tacoma, Wash., Dec. 13 - Nomura America Finance, LLC changed some of the terms of its upcoming callable leveraged steepener notes due Dec. 22, 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 initial interest rate will be 11%. Beginning Dec. 22, 2012, the interest rate will be 4.25 times the spread of the 10-year CMS rate over the two-year CMS rate, subject to a floor of zero and a cap of 11% per year. Interest will be payable quarterly.

Prior to the changes, the company expected the initial interest rate to be 10%, the multiplier to be four times and the cap to be 10% per year.

The payout at maturity will be par.

Beginning Dec. 22, 2012, the notes will be callable at par on any interest payment date.

The notes (Cusip 65539AAL4) will settle Dec. 22.

Nomura Securities International, Inc. is the agent.

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