New Issue: Nomura prices $2 million callable step-up notes with 3.1% initial rate

By Jennifer Chiou

New York, Nov. 26 – Nomura America Finance, LLC priced $2 million of callable step-up notes due Nov. 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3.1% for the first five years, stepping up to 3.5% on Nov. 28, 2019, to 4% on Nov. 28, 2021, to 5.5% on Nov. 28, 2023, to 7% on Nov. 28, 2024 and to 8% on Nov. 28, 2025. Interest will be payable semiannually.

The payout at maturity will be par.

Beginning on Nov. 28, 2015, the notes will be callable at par on any interest payment date.

Nomura Securities International, Inc. is the agent.

Issuer:	Nomura America Finance, LLC
Issue:	Callable step-up notes
Amount:	$2 million
Maturity:	Nov. 30, 2026
Coupon:	3% initially, stepping up to 3.5% on Nov. 28, 2019, to 4% on Nov. 28, 2021, to 5.5% on Nov. 28, 2023, to 7% on Nov. 28, 2024 and to 8% on Nov. 28, 2025; payable semiannually
Price:	Variable
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning on Nov. 28, 2015
Pricing date:	Nov. 24
Settlement date:	Nov. 28
Agent:	Nomura Securities International, Inc.
Fees:	2%
Cusip:	65539ABJ8

© 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.