Nomura America Finance to price callable range accrual notes due 2026

By Jennifer Chiou

New York, Jan. 14 - Nomura America Finance, LLC plans to price callable spread range accrual notes due Jan. 28, 2026 linked to the 30-year and two-year Constant Maturity Spread rates, according to an FWP with the Securities and Exchange Commission.

The notes will bear interest at 7.05% per year multiplied by the proportion of days on which the spread of the 30-year CMS rate over the two-year CMS rate is greater than or equal to the 0% strike level. Interest will be payable quarterly.

The payout at maturity will be par.

The notes (Cusip: 65539AAN0) are callable in whole or in part at par plus accrued interest beginning on Jan. 28, 2013. They will price in January and settle on Jan. 28.

Nomura Holdings, Inc. will guarantee the notes, and Nomura Securities International, Inc. will be the agent.

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