By Jennifer Chiou
New York, Dec. 14 - Nomura America Finance, LLC priced $500,000 of callable leveraged steepener notes due Dec. 22, 2025 linked to the 10-year and two-year Constant Maturity Swap rates, according to an FWP with the Securities and Exchange Commission.
The coupon will be 11% for the first two years. After that, the rate will be 4.25 times the spread of the 10-year CMS rate over the two-year CMS rate, up to a maximum of 11%. Interest will be payable quarterly 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 beginning Dec. 22, 2012.
Nomura Securities International, Inc. is the agent.
| Issuer: | Nomura America Finance, LLC
|
| Issue: | Callable leveraged steepener notes
|
| Amount: | $500,000
|
| Maturity: | Dec. 22, 2025
|
| Coupon: | 11% for two years; thereafter, 4.25 times difference between 10-year CMS rate and two-year CMS rate, capped at 11% with floor of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after two years
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 22
|
| Agent: | Nomura Securities International, Inc.
|
| Fees: | 3.5%
|
| Cusip: | 65539AAL4
|
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