By Toni Weeks
San Luis Obispo, Calif., Dec. 23 - Nomura America Finance, LLC priced $10 million of callable leveraged steepener notes due Dec. 31, 2033, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be 10% for the first year. After that, interest will be equal to 4 times the reference rate, subject to a cap of 10% and a floor of 0%. The reference rate is the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable on any quarterly redemption date beginning Dec. 31, 2014.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
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| Issue: | Callable leveraged steepener notes
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| Amount: | $10 million
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| Maturity: | Dec. 31, 2033
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| Coupon: | 10% for one year; after that, 4 times spread of 30-year CMS rate over two-year CMS rate, capped at 10% with floor of zero; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Dec. 31, 2014
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 31
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| Agent: | Nomura Securities International, Inc.
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| Fees: | 4.25%
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| Cusip: | 655365AA2
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