By Susanna Moon
Chicago, July 14 – Nomura America Finance, priced $2 million of callable contingent coupon trigger notes due July 16, 2024 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
Interest will accrue at 7% for the first year, payable quarterly. After that, interest will accrue at the 10-year Constant Maturity Swap rate plus 175 bps for each day the index closes at or above the 70% coupon barrier level during the quarterly interest period.
The notes are callable at par plus the coupon after one year.
If the notes have not been called and the index finishes at or above the 50% trigger level, the payout at maturity will be par.
Otherwise, investors will be exposed to any losses.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
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| Guarantor: | Nomura Holdings, Inc.
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| Issue: | Callable contingent coupon trigger notes
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| Underlying: | Russell 2000 index
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| Amount: | $2 million
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| Maturity: | July 16, 2024
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| Coupon: | 7% for one year; after that, 10-year CMS rate plus 175 bps for each day the index closes at or above barrier level during quarterly interest period; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below trigger level, in which case full exposure to any losses
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| Call option: | At par on any interest payment date beginning in July 16, 2015
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| Initial index level: | 1,159.93
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| Coupon barrier level: | 70% of initial level
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| Trigger level: | 50% of initial level
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| Pricing date: | July 11
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| Settlement date: | July 16
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| Agent: | Nomura Securities International, Inc.
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| Fees: | 3.125%
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| Cusip: | 65539ABD1
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