New Issue: Nomura prices $13 million capped accelerated return notes tied to REITs, BDCs

By Susanna Moon

Chicago, Aug. 21 – Nomura America Finance, LLC priced $13 million of 0% capped accelerated return securities due Aug. 25, 2019 linked to a basket of 10 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Apollo Commercial Real Estate Finance, Inc. with a 10% weight, Apollo Investment Corp. with a 10% weight, Ares Capital Corp. with an 18% weight, Ares Commercial Real Estate Corp. with a 7% weight, BlackRock Capital Investment Corp. with an 11% weight, Blackstone Mortgage Trust, Inc. with a 5% weight, FS Investment Corp. with a 15% weight, Hercules Technology Growth Capital, Inc. with a 5% weight, Starwood Property Trust, Inc. with a 14% weight and TPG Specialty Lending, Inc. with a 5% weight.

A participation trigger event will occur if the basket ever closes below the 55% trigger level on any trading day during the life of the notes.

If a participation trigger event never occurs, the payout at maturity will be par of $1,000 plus double any gain, with a minimum cash settlement of $200 per note and up to maximum cash settlement amount of $2,200 per note.

Otherwise, the payout at maturity will be zero.

Nomura Securities International, Inc. is the agent.

Issuer:	Nomura America Finance, LLC
Guarantor:	Nomura Holdings, Inc.
Issue:	Capped accelerated return notes
Underlying stocks:	Apollo Commercial Real Estate Finance, Inc. (10% weight), Apollo Investment Corp. (10% weight), Ares Capital Corp. (18% weight), Ares Commercial Real Estate Corp. (7% weight), BlackRock Capital Investment Corp. (11% weight), Blackstone Mortgage Trust, Inc. (5% weight), FS Investment Corp. (15% weight), Hercules Technology Growth Capital, Inc. (5% weight), Starwood Property Trust, Inc. (14% weight) and TPG Specialty Lending, Inc. (5% weight)
Amount:	$13 million
Maturity:	Aug. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket never closes below 55% trigger level, par of $1,000 plus 200% of any gain, floor of $200 per note and capped at $2,200 per note; otherwise, zero
Pricing date:	Aug. 20
Settlement date:	Aug. 25
Agent:	Nomura Securities International, Inc.
Fees:	None
Cusip:	65539ABZ2

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