By Angela McDaniels
Tacoma, Wash., Feb. 25 - Nomura America Finance, LLC priced $10.5 million of callable leveraged steepener notes due Feb. 28, 2034, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 10% for the first year. After that, the interest rate will be four times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate, subject to a cap of 10% per year and a floor of zero. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Aug. 28, 2014, the notes will be callable at par on any interest payment date.
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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Amount: | $10.5 million
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Maturity: | Feb. 28, 2034
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Coupon: | 10% for one year; after that, four times spread of 30-year CMS rate over two-year CMS rate, capped at 10% per year 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 Aug. 28, 2014
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Agent: | Nomura Securities International, Inc.
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Fees: | 3.47%
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Cusip: | 65539ABB5
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