By Angela McDaniels
Tacoma, Wash., Jan. 20 - Nomura America Finance, LLC priced $4.75 million of callable leveraged steepener notes due Jan. 20, 2026 linked to the 30-year and two-year Constant Maturity Swap rates, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 12% for the first two years. After that, the rate per year will be four times the spread of the 30-year CMS rate over the two-year CMS rate, subject to a floor of zero and a cap of 12%. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Jan. 20, 2013.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
|
| Issue: | Callable leveraged steepener notes
|
| Underlying rates: | 30-year Constant Maturity Swap rate and two-year CMS rate
|
| Amount: | $4.75 million
|
| Maturity: | Jan. 20, 2026
|
| Coupon: | Initially 12%; after two years, four times spread of 30-year CMS rate over two-year CMS rate, with floor of zero and cap of 12%; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date from Jan. 20, 2013 onward
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 20
|
| Agent: | Nomura Securities International, Inc.
|
| Fees: | 3.5%
|
| Cusip: | 65539AAK6
|
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