Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 3 > Headlines for 30-year Constant Maturity Swap rate > News item |
Nomura to price callable leveraged steepener notes tied to CMS rates
By Toni Weeks
San Luis Obispo, Calif., Feb. 14 - Nomura America Finance, LLC plans to price callable leveraged steepener notes due February 2034, 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 in August 2014.
Nomura Securities International, Inc. is the agent.
The notes (Cusip: 65539ABB5) will price and settle in February.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.