Nomura America plans five-year callable CMS spread range accrual notes

By Susanna Moon

Chicago, Feb. 9 - Nomura America Finance, LLC plans to price callable spread range accrual notes due Feb. 25, 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 rate will be 7.5% 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 at least zero. Interest will be payable quarterly.

The payout at maturity will be par.

The notes are callable at par on any quarterly redemption date beginning on Feb. 25, 2013.

The notes (Cusip 65539AAP5) will settle on Feb. 25.

Nomura Securities International, Inc. will be the agent.

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