Every 424B that Nomura Holdings, Inc (NMR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow NMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NMR filings page.
Nomura America Finance, fully guaranteed by Nomura Holdings, is issuing $982,000 of Senior Global Medium‑Term Notes, Series A, in the form of Autocallable Memory Coupon Barrier Notes linked to the common stock of Sandisk Corporation (SNDK) and Dollar General Corporation (DG), maturing December 13, 2027.
The notes pay a contingent coupon of 7.0625% quarterly
If the notes are not called and the worst‑performing stock finishes below its 50% barrier, investors lose principal on a 1‑for‑1 basis, up to a total loss. The estimated value is $885.30 per $1,000, below the 100% issue price, reflecting fees, hedging costs and structuring margins, and the notes carry Nomura’s unsecured credit risk.
Nomura America Finance, LLC, guaranteed by Nomura Holdings, Inc., is offering $6,490,000 of unsecured, index-linked notes tied to the S&P 500, Russell 2000 and Nasdaq‑100. The notes pay a contingent monthly coupon of $10 per $1,000 face amount (1.00%) only if each index is at or above 70% of its initial level on the observation date. At maturity on December 13, 2027, if not previously redeemed, investors receive $1,000 per note if the worst-performing index is at or above 70% of its initial level, or a reduced amount based on that index’s loss, with the possibility of a total loss of principal. Nomura may redeem the notes at par plus any due coupon on monthly dates from March 12, 2026 through November 12, 2027. The estimated value at pricing is $981.70 per $1,000, below the issue price, reflecting fees, costs and hedging.
Nomura America Finance, LLC, guaranteed by Nomura Holdings, Inc., is offering unsecured callable notes linked to the S&P 500, Russell 2000 and Nasdaq‑100 indices. The notes pay a contingent monthly coupon of $10.00 per $1,000 face amount (1.00% per month, up to 12.00% per year) only when the closing level of each index is at or above 70% of its initial level on the relevant observation date.
If the notes are not called and, on the final observation date, each index is at or above 70% of its initial level, investors receive $1,000 per note plus any final coupon. If any index finishes below 70%, repayment is reduced based on the worst‑performing index and investors can lose up to their entire principal. The issuer may redeem the notes at par plus any coupon on any monthly coupon date from March 12, 2026 through November 12, 2027. The estimated initial value is expected to be between $955.40 and $985.40 per $1,000, below the issue price, and the notes carry the credit risk of Nomura America Finance and Nomura Holdings and are not FDIC insured.
Nomura America Finance, LLC is offering unsecured autocallable contingent coupon barrier notes, fully guaranteed by Nomura Holdings, Inc., linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index and maturing on December 11, 2026. Investors may receive quarterly contingent coupons of at least 4.095% of principal if on each observation date every index is at or above 80% of its initial value, and the notes can be automatically called from March 9, 2026 at par plus the applicable coupon if each index is at or above its initial level.
If the notes are not called and the least performing index finishes below 80% of its initial value on the final valuation date, repayment of principal is reduced one-for-one with the index loss, up to a complete loss of the $1,000 principal per note. The issuer’s estimated value is expected to range between $948.30 and $978.30 per $1,000 note, below the 100% price to public, and the notes will not be listed on any exchange and have a $10,000 minimum investment.
Nomura America Finance, LLC, fully guaranteed by Nomura Holdings, Inc., is issuing $2,778,000 of Senior Global Medium-Term Notes, Series A, in the form of autocallable contingent coupon barrier notes linked to the least performing of the Russell 2000 Index and the Nasdaq‑100 Index, maturing on November 26, 2030.
The notes pay a 2.20% quarterly contingent coupon (8.80% per year) of $22 per $1,000, only if on each observation date both indices are at or above their coupon barriers set at 75% of initial values (RTY 1,777.190; NDX 18,179.68). They are automatically called, starting May 2026, if both indices are at or above their initial levels, returning principal plus the applicable coupon.
If not called and the final level of the worst index is at or above its 75% barrier, holders receive $1,000 plus the final coupon per note. If the worst index finishes below its barrier, repayment is reduced 1‑for‑1 with the index loss, up to a total loss of principal. The notes are unsecured, not FDIC‑insured, carry Nomura credit risk, may have limited liquidity, and have an estimated value of $940.30 per $1,000, below the 100% issue price. The agent’s commission is 3.00% with proceeds to issuer of 97.00%.
Nomura America Finance, LLC, fully guaranteed by Nomura Holdings, Inc., is offering US$500,000 of Autocallable Contingent Coupon Barrier Notes linked to the worst performer of the S&P 500, Russell 2000 and Nasdaq-100 indices. The notes are priced at 100% of principal with a 1% selling commission, providing proceeds of 99% to the issuer.
The notes pay a 3.395% quarterly contingent coupon ($33.95 per $1,000) only if on each observation date all three indices are at or above their contingent coupon barriers, set at 75% of their initial values, which are also the barrier levels for principal protection at maturity. The notes are automatically called on or after February 20, 2026 if each index is at or above 100% of its initial value, returning principal plus the coupon.
If the notes are not called and the final value of the worst-performing index is below its barrier, investors receive $1,000 plus $1,000 times that index’s performance, resulting in up to a 100% loss of principal. The notes are unsecured obligations, not FDIC insured, and carry Nomura credit risk. The estimated value is $983.70 per $1,000, less than the price to public.
Nomura America Finance, LLC is offering US$557,000 of senior unsecured autocallable contingent coupon barrier notes linked to Intel Corporation common stock, maturing on November 27, 2028 and fully guaranteed by Nomura Holdings, Inc.
The notes pay a 3.9375% quarterly coupon (15.75% per year) only if Intel’s closing price on each observation date is at least 60% of the initial value of $34.50. Starting May 21, 2026, the notes are automatically called at par plus the coupon if Intel is at or above the $34.50 call barrier on a call observation date.
If the notes are not called and Intel falls more than 40% so that its final value is below the $20.70 barrier, repayment of principal is reduced 1-for-1 with the stock’s decline, up to a 100% loss of principal. The estimated value is $936.20 per $1,000 at pricing versus a 100% issue price, and the issuer receives 96.00% of principal after a 4.00% selling commission. The notes will not be listed on any exchange and involve both market and Nomura credit risk.
Nomura America Finance, guaranteed by Nomura Holdings, is issuing $100,000 of autocallable contingent coupon barrier notes linked to Tesla, Inc. (TSLA), maturing on November 27, 2028. The notes pay a 4.50% quarterly contingent coupon (18.00% per annum) only if TSLA’s closing price on each observation date is at least 60% of the initial value of $391.09.
Starting May 21, 2026, the notes are automatically called at par plus the coupon if TSLA is at or above the call barrier level of $391.09 (100% of initial) on a call observation date. If the notes are not called and TSLA’s final value is below the barrier value of $234.65 (60% of initial), investors are fully exposed to TSLA’s decline on a 1‑for‑1 basis and can lose up to their entire principal at maturity.
The notes are unsecured obligations, not FDIC insured, and will not be listed on any exchange. The price to public is 100.00%, with a 4.00% agent’s commission, resulting in 96.00% proceeds to the issuer. The estimated value is $938.00 per $1,000 principal amount at pricing, reflecting structuring and distribution costs.
Nomura America Finance, LLC, guaranteed by Nomura Holdings, Inc., is offering unsecured Autocallable Contingent Coupon Barrier Notes linked to Target Corporation common stock, maturing on December 20, 2028. The notes pay a contingent quarterly coupon of at least 2.5875% (10.35% per year) per $1,000 only if Target’s share price is at or above a barrier set at 60% of its initial value on each observation date. The notes may be automatically called starting June 15, 2026 if Target’s stock is at or above 100% of its initial value, in which case investors receive principal plus the applicable coupon.
If the notes are not called and Target’s final share value is below the 60% barrier, repayment of principal is reduced 1-for-1 with the stock’s decline, and investors can lose up to their entire investment. The estimated value at pricing is expected to be between $890.80 and $920.80 per $1,000, below the 100% issue price. An affiliate, Nomura Securities International, Inc., acts as distribution agent, with commissions up to 4.50% and proceeds to the issuer of at least 95.50% of principal. The notes are not FDIC insured and will not be listed on any securities exchange.
Nomura America Finance, LLC, fully guaranteed by Nomura Holdings, Inc., is offering autocallable contingent coupon barrier notes linked to Intel Corporation common stock, maturing on December 20, 2028. Each $1,000 note pays a quarterly contingent coupon of at least 3.50% (at least 14.00% per annum) only if Intel’s share price is at or above 60.00% of its initial value on each observation date.
The notes can be automatically called starting June 15, 2026 if Intel is at or above 100.00% of its initial value, in which case investors receive principal plus the applicable coupon. If the notes are not called and Intel ends below the 60.00% barrier on the final valuation date, repayment of principal is reduced 1-for-1 with the share decline, up to a total loss of the $1,000 principal. The notes are unsecured obligations, priced at 100.00% of principal with up to 4.50% in selling commissions, and have an estimated initial value between $890.40 and $920.40 per $1,000.
Nomura America Finance priced US$20,000,000 Step-Down Autocallable Barrier Notes linked to the least performing of the S&P 500 (SPX) and Russell 2000 (RTY), due November 9, 2027, and fully and unconditionally guaranteed by Nomura Holdings. The notes are unsecured, bear no interest, and will not be listed.
The price to public is 100% of principal; agent’s commission is 0.45%, for issuer proceeds of 99.55% (US$19,910,000). The estimated value at pricing is $986.40 per $1,000. Automatic call occurs if the closing value of each index meets its call barrier on any observation date: on November 18, 2026 the barrier is 100% with a 10.10% call premium; on the final valuation date (November 4, 2027) the barrier is 70% with a 20.20% premium. Initial values: SPX 6,771.55; RTY 2,427.337; barrier values: SPX 4,740.09; RTY 1,699.136. If not called, maturity payment equals $1,000 plus $1,000 times the performance of the least performing index, which can result in up to a 100% loss of principal.
Nomura America Finance amended the pricing terms for a US$3,585,000 offering of Senior Global Medium‑Term Notes, Series A—Autocallable Memory Contingent Coupon Buffer Notes linked to Alphabet Inc. Class A stock. The notes are unsecured obligations of the issuer and are fully and unconditionally guaranteed by Nomura Holdings, Inc. Price to public is 100.00%, agent’s commission 1.00%, and proceeds to issuer 99.00% ($3,549,150). The estimated value at trade date is $989.40 per $1,000.
The notes pay a 4.425% quarterly contingent coupon ($44.25 per $1,000) if GOOGL closes at or above $211.50 (90% of the initial value $235.00) on an observation date. They are autocallable if GOOGL is at or above $235.00 on observation dates starting December 18, 2025, returning principal plus the coupon and any previously unpaid coupons. If not called, the notes mature September 23, 2026. If the final value is below $211.50, repayment is reduced with downside beyond the 10% buffer at approximately 1.11111x, up to a total loss of principal. The notes will not be listed; minimum denomination is $1,000. J.P. Morgan entities act as distribution agents; Nomura Securities International, Inc. is calculation agent.
Nomura America Finance is offering $500,000 of Senior Global Medium‑Term Notes, Series A—autocallable memory contingent coupon buffer notes linked to Freeport‑McMoRan (FCX) common stock—due October 14, 2026, fully and unconditionally guaranteed by Nomura Holdings. The price to public is 100.00%, agent’s commission 1.00%, and proceeds to the issuer $495,000. The estimated value at pricing is $987.70 per $1,000 principal amount.
The notes pay a 4.80% quarterly contingent coupon ($48 per $1,000) when FCX closes at or above the $28.27 coupon buffer (80% of the $35.34 initial value); unpaid coupons may be paid later if the barrier is met. They are automatically called if FCX is at or above $35.34 on or after January 8, 2026. If not called and FCX finishes below $28.27, principal is reduced with a 1.25x downside beyond a 20% buffer, up to total loss. The notes are unsecured, not FDIC‑insured, carry Nomura credit risk, have a $10,000 minimum, and will not be listed. JPMS LLC and JPMorgan Chase Bank, N.A. act as distribution agents; Nomura Securities International, Inc. is calculation agent.
Nomura America Finance amended its pricing supplement for a US$575,000 offering of Senior Global Medium‑Term Notes, Series A, Autocallable Memory Contingent Coupon Buffer Notes linked to NVIDIA Corporation common stock. The notes are fully and unconditionally guaranteed by Nomura Holdings.
The price to public is 100.00%, with a 1.00% agent’s commission and proceeds to issuer of $569,250. The estimated value at pricing is $992.30 per $1,000. Coupons are contingent and accrue at 4.338% quarterly (at least $43.38 per $1,000) if NVDA’s closing value is at or above the contingent coupon buffer of $153.19, which is 80.00% of the initial value of $191.49.
The notes automatically call if NVDA is at or above $191.49 on or after February 11, 2026, paying principal plus the applicable coupon and any previously unpaid coupons. If not called, maturity payment includes a 20.00% buffer; below the buffer, losses increase at a 1.25x downside leverage and can reach 100% of principal. The notes will not be listed. Minimum initial investment is $10,000; denominations are $1,000. Distribution agents include J.P. Morgan Securities LLC and JPMorgan Chase Bank, N.A.
Nomura America Finance, LLC, guaranteed by Nomura Holdings, Inc., filed a preliminary 424(b)(2) for Callable Contingent Coupon Index‑Linked Notes due 2027 tied to the S&P 500, Russell 2000, and NASDAQ‑100. The notes pay a contingent monthly coupon of $10.21 per $1,000 (1.021% monthly, up to approximately 12.25% per annum) only if each index closes at or above 70% of its initial level on the observation date.
The issuer may redeem the notes at par on any coupon payment date from February 6, 2026 through October 7, 2027, plus any coupon then due. If not redeemed, maturity payment depends on the least performing index: return of $1,000 if each final level is ≥ 70% of initial; otherwise $1,000 + ($1,000 × least performing index return), which can result in loss of principal up to 100%.
Key terms include expected trade date November 3, 2025, issue date November 6, 2025, determination date November 3, 2027, and maturity November 8, 2027. Estimated value is $950.70–$980.70 per $1,000, original issue price 100%, underwriting discount up to 0.75%, and net proceeds at least 99.25%. The notes are unsecured and not FDIC insured.
Nomura America Finance, fully guaranteed by Nomura Holdings (NMR), priced US$1,000,000 of Autocallable Contingent Coupon Barrier Notes linked to the least performing of Halliburton (HAL) and MP Materials (MP), due October 28, 2027. The notes pay a 7.163% quarterly contingent coupon (28.65% per annum) of $71.625 per $1,000 when each stock closes on or above its coupon barrier on observation dates. The notes may be automatically called on or after April 23, 2026 if each stock is at or above its call barrier (100% of initial), returning principal plus the applicable coupon.
Initial values were $27.22 for HAL and $68.45 for MP; coupon and barrier levels are 60% of initial ($16.33 HAL, $41.07 MP). If not called and the least-performing stock finishes below its barrier at maturity, repayment is reduced 1-for-1 with the decline, up to full loss of principal. The estimated value is $877.10 per $1,000. Pricing terms: price to public 100%, agent’s commission 4%, and proceeds to issuer $960,000. The notes are unsecured, unlisted, and subject to Nomura’s credit risk.
Nomura America Finance priced $667,000 Senior Global Medium‑Term Notes linked to Tesla, Inc. stock, fully and unconditionally guaranteed by Nomura Holdings. The notes carry a 4.25% quarterly contingent coupon (17.00% per annum) when TSLA’s closing value is at or above the $261.09 barrier (60% of the initial value). The initial value is $435.15. An automatic call may occur on or after April 15, 2026 if TSLA is at or above the $435.15 call barrier, paying principal plus the relevant coupon.
The price to public is 100%, with a 4.00% agent’s commission and 96.00% proceeds to the issuer ($640,320). The estimated value is $930.00 per $1,000 at trade, below the offering price. If not called, at maturity on October 19, 2028 investors receive principal plus the final coupon if TSLA is at or above the barrier; otherwise, repayment is reduced 1‑for‑1 with TSLA’s decline, down to a total loss. The notes are unsecured, not listed, and sold in $1,000 denominations.
Nomura America Finance, LLC, fully guaranteed by Nomura Holdings, Inc., is offering Autocallable Contingent Coupon Barrier Notes linked to Palantir Technologies Inc. (PLTR) due November 2, 2028. These unsecured notes pay quarterly contingent coupons of at least 4.875% (≥19.50% per annum) if PLTR’s closing value on an observation date is at or above 60% of the initial value.
The notes are automatically callable at par plus the applicable coupon on quarterly dates starting April 29, 2026 if PLTR is at or above the 100% call barrier. If not called, and PLTR’s final value is below 60% of the initial value at maturity, principal is reduced 1-for-1 with the decline, up to a total loss.
The estimated value is expected between $898.10 and $928.10 per $1,000, less than the 100% price to public. Agent’s commission is up to 4.50%, with proceeds to issuer of at least 95.50%. Minimum investment is $1,000. The notes will not be listed, and all payments are subject to Nomura’s credit risk.