By Toni Weeks
San Diego, Feb. 25 - Nomura America Finance, LLC priced $1 million callable spread range accrual notes due Feb. 25, 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 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 Feb. 25, 2013.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
|
| Issue: | Callable spread range accrual notes
|
| Underlying rates: | 30-year Constant Maturity Swap rate and two-year CMS rate
|
| Amount: | $1 million
|
| Maturity: | Feb. 25, 2026
|
| Coupon: | 7.5% per year multiplied by proportion of days on which spread of 30-year CMS rate over two-year CMS rate is at least zero; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after two years
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 25
|
| Agent: | Nomura Securities International, Inc.
|
| Fees: | 3.5%
|
| Cusip: | 65539AAP5
|
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