Nomura plans five-year callable leveraged steepener notes on CMS rates

By Susanna Moon

Chicago, Jan. 6 - Nomura America Finance, LLC plans to price callable leveraged steepener notes due Jan. 20, 2026 based on the 30-year and two-year Constant Maturity Swap rates, according to an FWP filing with the Securities and Exchange Commission.

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 12%. 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 Jan. 20, 2013.

The notes (Cusip 65539AAK6) will settle on Jan. 20.

Nomura Securities International, Inc. is the agent.

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