By Susanna Moon
Chicago, Dec. 22 – Nomura America Finance, LLC priced $4 million of callable leveraged steepener notes due Dec. 24, 2034 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 year. After that, the rate per year will be 4 times the spread of the 30-year CMS rate over the two-year CMS rate minus a strike of 25 basis points, up to a cap of 12%. Interest is payable semiannually 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 after one year.
The notes are guaranteed by Nomura Holdings, Inc.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
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| Guarantor: | Nomura Holdings, Inc.
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| Issue: | Callable leveraged steepener notes
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| Underlying rates: | 30-year Constant Maturity Swap rate and two-year CMS rate
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| Amount: | $4 million
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| Maturity: | Dec. 24, 2034
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| Coupon: | 12% initially; beginning Dec. 24, 2015, 4 times spread of 30-year CMS rate over two-year CMS rate less 25 bps, up to cap of 12%; payable semiannually
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| Price: | Variable prices
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Dec. 24, 2015
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| Pricing date: | Dec. 19
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| Settlement date: | Dec. 24
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| Agent: | Nomura Securities International, Inc.
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| Fees: | 3.75%
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| Cusip: | 65539ABL3
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