[{"_1":2,"_3":-5,"_4":-5},"loaderData",{"_5":6,"_7":8},"actionData","errors","root",{"_96":97},"routes/item",{"_9":10},"item",{"_11":12,"_13":14,"_15":16,"_17":18,"_19":20,"_21":-5,"_22":23,"_24":25,"_26":27,"_28":29,"_30":29,"_31":32,"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":-5,"_46":47,"_48":-5,"_49":-5,"_50":51,"_52":53,"_54":55,"_56":57,"_58":57,"_59":60,"_61":40,"_62":63},"id","ssl7b21ojmfemvvxuu5vpgdh6","revision",2,"title","Nomura America Finance发行挂钩三项美国股指的或有票息票据，最高年化票息约13%","originalTitle","Nomura America Finance, LLC (0001383951) (Filer)","summary","Nomura America Finance发行总面值1,035万美元、由Nomura Holdings担保的指数挂钩票据，关联标普500、罗素2000和纳斯达克100指数。","reason","source",{"_11":86,"_87":88,"_89":90,"_91":57,"_92":93,"_94":95},"links",{"_83":84,"_63":85},"publishedAt","2026-11-02T23:04:59.000Z","discoveredAt","2026-11-03T12:04:38.309Z","timelineAt","category","ai-products","tags",[80,81,82],"stockSymbols",[],"score",38,"selected",false,"channel","news","story",{"_72":73,"_15":74},"x","readingMode","full","author","language","body",{"_76":-5,"_63":77,"_78":-5,"_79":40},"outline",[],"relatedStories",[75],"indexable",true,"markdownAvailable","group",{"_64":65,"_43":66,"_67":68,"_69":70,"_71":70},"hasTranslation","bodyLanguage","original","factId","fP-LpuD9WUuM",{"_72":73,"_15":74},"reportCount",1,"additionalSourceCount",0,"developmentCount","publicId","9d104ea0-2b22-48fe-b376-8abb5c553627","野村发行挂钩三项美股指数票据",{"_72":73,"_15":74},"zh","\n \n \n

Filed Pursuant to Rule 424(b)(2)

Registration Statement\n Nos. 333-297506

333-297506-01

\n \n \n \n \n

$\"\"$

Nomura America\n Finance, LLC

$10,350,000

Autocallable\n Contingent Coupon Index-Linked Notes due November 1, 2029

guaranteed by

Nomura Holdings, Inc.

Payment at Maturity: The amount that you will be paid on your\nnotes at maturity, if they have not been automatically called, in addition to the final coupon, if any, is based on the performance of\nthe underlier with the lowest underlier return. You could lose your entire investment in the notes.

Coupon Payments: The notes will pay a contingent monthly coupon\non a coupon payment date if the closing level of each underlier is greater than or equal to its coupon trigger level on\nthe related coupon observation date.

Automatic Call: The notes will be automatically called on a\ncall payment date if the closing level of each underlier is greater than or equal to its initial underlier level on the\nrelated call observation date.

You should read the disclosure herein to better understand the terms\nand risks of your investment, including the credit risk of Nomura America Finance, LLC and Nomura Holdings, Inc. See page PS-10.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Key Terms
Issuer / Guarantor:	Nomura America Finance, LLC / Nomura Holdings, Inc.
Aggregate face amount:	$10,350,000
Cash settlement amount:	subject to the automatic call feature, on the stated maturity date, in addition to any coupon then due, the issuer will pay, for each $1,000 face amount of the notes, an amount in cash equal to:
	·    if the final underlier level of each underlier is greater than or equal to its trigger buffer level: $1,000; or
	·    if the final underlier level of any underlier is less than its trigger buffer level:
	$1,000 + ($1,000 × the least performing underlier return)
Underliers:	the S&P 500^® Index (current Bloomberg symbol: “SPX Index”), the Russell 2000^® Index (current Bloomberg symbol: “RTY Index”), and the Nasdaq-100 Index^® (current Bloomberg symbol: “NDX Index”)
Coupon trigger level:	5,404.27 with respect to SPX, 2,001.452 with respect to RTY and 20,581.76 with respect to NDX, each of which is 70% of its initial underlier level (rounded to two decimal places with respect to the SPX and the NDX, and three decimal places with respect to the RTY)
Trigger buffer level:	5,404.27 with respect to SPX, 2,001.452 with respect to RTY and 20,581.76 with respect to NDX, each of which is 70% of its initial underlier level (rounded to two decimal places with respect to the SPX and the NDX, and three decimal places with respect to the RTY)
Initial underlier level:	7,720.39 with respect to SPX, 2,859.217 with respect to RTY and 29,402.51 with respect to NDX, each of which was the closing level of such underlier on the trade date
Final underlier level:	with respect to an underlier, the closing level of such underlier on the determination date*
Closing level:	the closing level of an underlier, as published on Bloomberg L.P. (“Bloomberg”)
Underlier return:	with respect to an underlier: (its final underlier level - its initial underlier level) / its initial underlier level
Least performing underlier return:	the underlier return of the least performing underlier (the underlier with the lowest underlier return)
Calculation agent:	Nomura Securities International, Inc.
CUSIP / ISIN:	65541KXF6 / US65541KXF64

* subject to adjustment as described in the accompanying\nproduct prospectus supplement

Investing in the notes involves significant risks, including\nNomura America Finance, LLC and Nomura Holdings, Inc.’s credit risk. You should carefully consider the risk factors under “Selected\nRisk Factors” beginning on page PS-9 of this pricing supplement, under “Additional Risk Factors Specific to the Notes”\nbeginning on page PS-13 of the accompanying product prospectus supplement, under “Risk Factors” beginning on page 7\nin the accompanying prospectus and any risk factors incorporated by reference into the accompanying prospectus before you invest in the\nnotes.

The estimated value of your notes at the time the terms of your notes\nwere set on the trade date (as determined by reference to pricing models used by Nomura Securities International, Inc.) is $988.10\nper $1,000 face amount, which is less than the original issue price.

Delivery of the notes will be made against payment therefor on the\noriginal issue date.

The notes will be unsecured obligations of Nomura America Finance,\nLLC. Nomura America Finance, LLC is not a bank, and the notes will not constitute deposits insured by the U.S. Federal Deposit Insurance\nCorporation or any other governmental agency or instrumentality.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	Original issue price	Underwriting discount⁽¹⁾	Net proceeds to the issuer
Per Note	100.00% of the face amount	0.40%	99.60%
Total	$10,350,000.00	$41,400.00	$10,308,600.00

⁽¹⁾ See “Supplemental Plan of Distribution.”

Neither the Securities and Exchange Commission nor any other regulatory\nbody has approved or disapproved of these securities or passed upon the accuracy or adequacy of this pricing supplement. Any representation\nto the contrary is a criminal offense.

\n \n \n

Goldman\n Sachs & Co. LLC

October 29, 2026

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Key Terms (continued)
Coupon:	\n subject to the automatic call feature, on each\n coupon payment date, the issuer will pay, for each $1,000 of the outstanding face amount, an amount in cash equal to: \n ·       if\n the closing level of each underlier on the related coupon observation date is greater than or equal to its coupon trigger level: $10.834\n (1.0834% monthly, or the potential for up to approximately 13.00% per annum); or \n ·       if\n the closing level of any underlier on the related coupon observation date is less than its coupon trigger level: $0
Automatic call feature:	The notes will be automatically called if the closing level of each underlier is greater than or equal to its initial underlier level on any call observation date. In that case, the issuer will pay, for each $1,000 of the outstanding face amount, an amount in cash on the following call payment date equal to $1,000 (along with the coupon then due).
Trade date:	October 29, 2026
Original issue date:	November 3, 2026
Determination date:	the last coupon observation date, October 29, 2029*
Stated maturity date:	November 1, 2029*
Call observation dates:	each coupon observation date commencing in January 29, 2027 and ending in October 1, 2029
Call payment dates:	the coupon payment date immediately after the applicable call observation date

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Coupon\n observation dates*	Coupon\n payment dates*
November 30, 2026	December 3, 2026
December 29, 2026	January 4, 2027
January 29, 2027	February 3, 2027
March 1, 2027	March 4, 2027
March 29, 2027	April 1, 2027
April 29, 2027	May 4, 2027
June 1, 2027	June 4, 2027
June 29, 2027	July 2, 2027
July 29, 2027	August 3, 2027
August 30, 2027	September 2, 2027
September 29, 2027	October 4, 2027
October 29, 2027	November 3, 2027
November 29, 2027	December 2, 2027
December 29, 2027	January 3, 2028
January 31, 2028	February 3, 2028
February 29, 2028	March 3, 2028
March 29, 2028	April 3, 2028
May 1, 2028	May 4, 2028
May 30, 2028	June 2, 2028
June 29, 2028	July 5, 2028
July 31, 2028	August 3, 2028
August 29, 2028	September 1, 2028
September 29, 2028	October 4, 2028
October 30, 2028	November 2, 2028
November 29, 2028	December 4, 2028
December 29, 2028	January 4, 2029
January 29, 2029	February 1, 2029
February 28, 2029	March 5, 2029
March 29, 2029	April 4, 2029
April 30, 2029	May 3, 2029
May 29, 2029	June 1, 2029
June 29, 2029	July 5, 2029
July 30, 2029	August 2, 2029
August 29, 2029	September 4, 2029
October 1, 2029	October 4, 2029
October 29, 2029	November 1, 2029

* subject to adjustment as described in the accompanying\nproduct prospectus supplement

PS-2

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. We may decide to sell additional notes after the date of this pricing supplement, at issue prices and with underwriting discounts and net proceeds that differ from the amounts set forth above. The return (whether positive or negative) on your investment in notes will depend in part on the issue price you pay for such notes.

Nomura America Finance, LLC may use this prospectus in the initial sale of the notes. In addition, Nomura Securities International, Inc. or any other affiliate of Nomura America Finance, LLC may use this prospectus in a market-making transaction in a note after its initial sale. Unless Nomura America Finance, LLC or its agent informs the purchaser otherwise in the confirmation of sale, this prospectus is being used in a market-making transaction.

ADDITIONAL INFORMATION

You should read this pricing supplement together with the prospectus, dated July 16, 2026 (the “prospectus”), the product prospectus supplement, dated July 16, 2026 (the “product prospectus supplement”) and the equity index product prospectus supplement, dated July 16, 2026 (the “equity index product prospectus supplement”), each relating to our Senior Global Medium-Term Notes, Series A, of which these notes are a part. In the event of any conflict between the terms of this pricing supplement and the terms of the prospectus, the product prospectus supplement or the equity index product prospectus supplement, the terms of this pricing supplement will control.

This pricing supplement, together with the prospectus, the product prospectus supplement and the equity index product prospectus supplement, contains the terms of the notes. You should carefully consider, among other things, the matters set forth under “Risk Factors” in the accompanying prospectus, under “Additional Risk Factors Specific to the Notes” in the accompanying product prospectus supplement, and under “Selected Risk Factors” beginning on page PS-9 of this pricing supplement. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the notes.

We have not authorized anyone to provide any information or to make any representations other than those contained or incorporated by reference in this pricing supplement. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may provide. This pricing supplement is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this pricing supplement is current only as of its date.

You may access the prospectus, the product prospectus supplement and the equity index product prospectus supplement on the Securities and Exchange Commission (“SEC”) website at www.sec.gov as follows:

·     Prospectus dated July 16, 2026:

https://www.sec.gov/Archives/edgar/data/1383951/000110465926084292/tm2619954-3_424b3.htm

·     Product Prospectus Supplement dated July 16, 2026:

https://www.sec.gov/Archives/edgar/data/1383951/000110465926084314/tm2619530d11_424b3.htm

·     Equity Index Product Prospectus Supplement dated July 16, 2026:

https://www.sec.gov/Archives/edgar/data/1383951/000110465926084315/tm2619530d26_424b3.htm

Some of the terms or features described in the listed documents may not apply to your notes.

PS-3

SUPPLEMENTAL TERMS OF THE NOTES

For purposes of the notes offered by this pricing\nsupplement, all references to each of the following terms used in the accompanying product prospectus supplement will be deemed to refer\nto the corresponding term used in this pricing supplement, as set forth in the table below:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Product Prospectus Supplement\n Term	Pricing Supplement Term
call settlement date	call payment date
contingent coupon barrier	coupon trigger level
final valuation date	determination date
initial valuation date	trade date
principal amount	face amount
reference asset	underlier
reference asset performance	underlier return
reference asset sponsor	underlier sponsor
scheduled trading day	trading day
closing value	closing level
initial value	initial underlier level
final value	final underlier level
barrier percentage	trigger buffer level

Market Disruption Event

The following description supersedes the market disruption event disclosure\nin “General Terms of the Notes — Market Disruption Events — Reference Assets Consisting of an Index” in the accompanying\nproduct prospectus supplement:

Any of the following will be a market disruption event with respect\nto any underlier:

\n\n

a suspension, absence or material limitation of trading in the underlying\nsecurities of such underlier constituting 20% or more, by weight, of the applicable underlier on their respective primary markets, in\neach case for more than two hours of trading or during the one-half hour before the close of trading in the relevant equity market or\nmarkets, as determined by the calculation agent in its sole discretion;

\n\n

a suspension, absence or material limitation of trading in options or futures\ncontracts relating to such underlier or to underlying securities constituting 20% or more, by weight, of such underlier, if available,\nin the respective primary markets for those contracts, in each case for more than two hours of trading or during the one-half hour before\nthe close of trading in that market, as determined by the calculation agent in its sole discretion; or

underlying securities constituting 20% or more, by weight, of such underlier,\nor options or futures contracts relating to such underlier or to underlying securities constituting 20% or more, by weight, of such underlier,\nif available, do not trade on what were the respective primary markets for those underlying securities or contracts, as determined by\nthe calculation agent in its sole discretion;

and, in the case of any of these events, the calculation agent determines\nin its sole discretion that such event materially interferes with our ability or the ability of any of our affiliates to unwind all or\na portion of a hedge with respect to the notes. For more information about hedging by us or our affiliates, see “Use of Proceeds\nand Hedging” in the accompanying product prospectus supplement.

The following events will not be market disruption events with respect\nto any underlier:

\n\n

a limitation on the hours or numbers of days of trading, but only if the\nlimitation results from an announced change in the regular business hours of the relevant market; or

a decision to permanently discontinue trading in the options or futures contracts\nrelating to such underlier or any underlying security.

PS-4

\n \n \n \n \n \n \n

HYPOTHETICAL EXAMPLES

The following examples are provided for purposes of illustration only. The examples should not be taken as an indication or prediction of future investment results and merely are intended to illustrate (i) the impact that the various hypothetical closing levels of the underliers on a coupon observation date could have on the coupon payable, if any, on the related coupon payment date and (ii) the impact that the various hypothetical closing levels of the least performing underlier on the determination date could have on the cash settlement amount at maturity assuming all other variables remain constant and are not intended to predict the closing levels of the underliers.

The information in the following examples reflects hypothetical rates of return on the offered notes assuming that they are purchased on the original issue date at the face amount and held to a call payment date or the stated maturity date. If you sell your notes in a secondary market prior to a call payment date or the stated maturity date, as the case may be, your return will depend upon the market value of your notes at the time of sale, which may be affected by a number of factors that are not reflected in the examples below, such as interest rates, the volatility of the underliers, the creditworthiness of Nomura America Finance, LLC, as issuer, and the creditworthiness of Nomura Holdings, Inc., as guarantor. The information in the examples also reflects the key terms and assumptions in the box below.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Key Terms and Assumptions
Face amount	$1,000
Coupon	$10.834 (1.0834% monthly, or the potential for up to approximately 13.00% per annum)
Coupon trigger level	with respect to each underlier, 70% of its initial underlier level
Trigger buffer level	with respect to each underlier, 70% of its initial underlier level

\n \n \n \n \n \n \n \n \n

The notes are not automatically called, unless otherwise indicated below

Neither a market disruption event nor a non-trading day occurs on any originally scheduled coupon observation date or call observation date or the originally scheduled determination date

No change in or affecting any of the stocks comprising an underlier or the method by which the applicable underlier sponsor calculates any underlier

Notes purchased on original issue date at the face amount and held to a call payment date or the stated maturity date

\n \n \n \n \n

For these reasons, the actual performance of the underliers over the life of your notes, the actual underlier levels on any call observation date or coupon observation date, as well as the coupon payable, if any, on each coupon payment date, may bear little relation to the hypothetical examples shown below or to the historical underlier levels shown elsewhere in this pricing supplement.

Also, the hypothetical examples shown below do not take into account the effects of applicable taxes.

PS-5

\n \n \n \n \n

Hypothetical Coupon Payments

The examples below show the hypothetical coupon, if any, that we would pay on each coupon payment date with respect to each $1,000 face amount of the notes if the hypothetical closing level of each underlier on the applicable coupon observation date was the percentage of its initial underlier level shown.

Scenario 1

Coupon\n Observation \n Date	Hypothetical\n Closing \n Level of the S&P 500^® \n Index (as Percentage \n of Initial Underlier \n Level)	Hypothetical\n Closing \n Level of the Russell \n 2000^® Index\n (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Closing \n Level of the Nasdaq- \n 100 Index^® (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Coupon
1	130.000%	75.000%	65.000%	$0.000
2	69.000%	130.000%	135.000%	$0.000
3	85.000%	70.000%	87.000%	$10.834
4	65.000%	60.000%	65.000%	$0.000
5	65.000%	68.000%	30.000%	$0.000
6	90.000%	55.000%	95.000%	$0.000
7	100.000%	82.000%	110.000%	$10.834
8	110.000%	105.000%	50.000%	$0.000
9	100.000%	69.000%	55.000%	$0.000
10	90.000%	65.000%	65.000%	$0.000
11	110.000%	50.000%	55.000%	$0.000
12-36	65.000%	65.000%	68.000%	$0.000
			Total Hypothetical Coupons	$21.668

\n \n \n

In Scenario 1, the hypothetical closing level of each underlier has increased or decreased relative to the initial underlier level on each hypothetical coupon observation date. On the coupon payment dates relating to coupon observation dates on which the hypothetical closing level of each underlier is greater than or equal to its coupon trigger level, you will receive a coupon payment. However, on the coupon payment dates relating to coupon observation dates on which the hypothetical closing level of at least one underlier is less than its coupon trigger level, you will not receive a coupon payment.

Scenario 2

Coupon\n Observation \n Date	Hypothetical\n Closing \n Level of the S&P 500^® \n Index (as Percentage \n of Initial Underlier \n Level)	Hypothetical\n Closing \n Level of the Russell \n 2000^® Index\n (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Closing \n Level of the Nasdaq- \n 100 Index^® (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Coupon
1	130.000%	60.000%	65.000%	$0.000
2	90.000%	65.000%	125.000%	$0.000
3	90.000%	65.000%	82.000%	$0.000
4	90.000%	135.000%	65.000%	$0.000
5	90.000%	65.000%	65.000%	$0.000
6	90.000%	70.000%	65.000%	$0.000
7	100.000%	60.000%	105.000%	$0.000
8	110.000%	50.000%	83.000%	$0.000
9	100.000%	60.000%	55.000%	$0.000
10	90.000%	69.000%	75.000%	$0.000
11	110.000%	55.000%	50.000%	$0.000
12-36	65.000%	65.000%	65.000%	$0.000
			Total Hypothetical Coupons	$0.000

\n \n \n

In Scenario 2, the hypothetical closing level of each underlier has increased or decreased relative to the initial underlier level on each hypothetical coupon observation date. However, you will not receive a coupon payment on any coupon payment date because in each case the hypothetical closing level of at least one underlier on the related coupon observation date is less than its coupon trigger level. The overall return you earn on your notes will be less than zero.

PS-6

Scenario 3

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Coupon\n Observation \n Date	Hypothetical\n Closing \n Level of the S&P 500^® \n Index (as Percentage \n of Initial Underlier \n Level)	Hypothetical\n Closing \n Level of the Russell \n 2000^® Index\n (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Closing \n Level of the Nasdaq- \n 100 Index^® (as \n Percentage of Initial \n Underlier Level)	Hypothetical\n Coupon
1	40.000%	50.000%	50.000%	$0.000
2	25.000%	30.000%	45.000%	$0.000
3	110.000%	105.000%	105.000%	$10.834
			Total Hypothetical Coupons	$10.834

\n \n \n

In Scenario 3, the hypothetical closing level of each underlier is less than its coupon trigger level on the first two hypothetical coupon observation dates, but increases to a level that is greater than its initial underlier level on the third hypothetical coupon observation date. Because the hypothetical closing level of each underlier is greater than or equal to its initial underlier level on the third hypothetical coupon observation date (which is also the first hypothetical call observation date), your notes will be automatically called. Therefore, on the corresponding hypothetical call payment date, in addition to the coupon payment, you will receive an amount in cash equal to $1,000 for each $1,000 face amount of your notes.

PS-7

\n \n \n \n \n \n \n

Hypothetical Payment at Maturity

If the notes are not automatically called on any call observation date, the cash settlement amount that we would deliver for each $1,000 face amount of your notes on the stated maturity date will depend on the performance of the least performing underlier on the determination date, as shown in the table below. The table below assumes that the notes have not been automatically called on a call observation date and does not include the final coupon, if any. If the final underlier level of the least performing underlier is less than its coupon trigger level, you will not be paid a final coupon at maturity.

The levels in the left column of the table below represent hypothetical final underlier levels of the least performing underlier and are expressed as percentages of the initial underlier level of the least performing underlier. The amounts in the right column represent the hypothetical cash settlement amounts, based on the corresponding hypothetical final underlier level of the least performing underlier, and are expressed as percentages of the face amount of a note (rounded to the nearest one-thousandth of a percent). Thus, a hypothetical cash settlement amount of 100.000% means that the value of the cash payment that we would deliver for each $1,000 of the outstanding face amount of the offered notes on the stated maturity date would equal 100.000% of the face amount of a note, based on the corresponding hypothetical final underlier level of the least performing underlier and the assumptions noted above.

The Notes Have Not Been Automatically\nCalled

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Hypothetical\n Final Underlier Level \n of the Least\n Performing Underlier (as Percentage of Its \n Initial Underlier Level)	Hypothetical\n Cash Settlement Amount \n (as Percentage\n of Face Amount)
200.000%	100.000%*
175.000%	100.000%*
150.000%	100.000%*
125.000%	100.000%*
100.000%	100.000%*
90.000%	100.000%*
70.000%	100.000%*
69.999%	69.999%
60.000%	60.000%
50.000%	50.000%
25.000%	25.000%
12.500%	12.500%
0.000%	0.000%

*Does not include the final coupon

\n \n \n \n \n \n \n \n \n \n \n

As shown in the table above, if the notes have not been automatically called on a call observation date:

·     If the final underlier level of the least performing underlier were determined to be 12.500% of its initial underlier level, the cash settlement amount that we would deliver on your notes at maturity would be 12.500% of the face amount of your notes.

○    As a result, if you purchased your notes on the original issue date at the face amount and held them to the stated maturity date, you would lose 87.500% of your investment (if you purchased your notes at a premium to face amount you would lose a correspondingly higher percentage of your investment).

·     If the final underlier level of the least performing underlier were determined to be 200.000% of its initial underlier level, the cash settlement amount that we would deliver on your notes at maturity would be limited to 100.000% of each $1,000 face amount of your notes.

○    As a result, if you held your notes to the stated maturity date, you would not benefit from any increase in the final underlier level of the least performing underlier over its initial underlier level.

PS-8

SELECTED RISK FACTORS

Risks Relating to the Structure or Features of the Notes

The Notes Do Not Guarantee Any Return of Principal\nand You May Lose All of Your Face Amount.

The notes do not guarantee any return of principal. The notes differ\nfrom ordinary debt securities in that we will not pay you 100% of the face amount of your notes if the notes are not redeemed and the\nfinal underlier level of any underlier is less than its trigger buffer level. In this case, the payment at maturity you will be entitled\nto receive will be less than the face amount and you will lose 1% of the face amount of your notes for every 1% that the final underlier\nlevel of the least performing underlier is less than its initial underlier level. You may lose up to 100% of your investment at maturity.\nEven with any contingent coupons received prior to maturity, your return on the notes may be negative in this case.

The Return on Your Notes May Change Significantly Despite Only\na Small Change in the Level of the Least Performing Underlier.

If your notes are not automatically called and the final underlier\nlevel of the least performing underlier is less than its trigger buffer level, you will receive less than the face amount of your notes\nand you could lose all or a substantial portion of your investment in the notes. This means that while a decrease in the final underlier\nlevel of the least performing underlier to its trigger buffer level will not result in a loss of principal on the notes, a decrease in\nthe final underlier level of the least performing underlier to less than its trigger buffer level will result in a loss of a significant\nportion of the face amount of the notes despite only a small change in the level of the least performing underlier.

The Amount Payable on the Notes Is Not Linked\nto the Levels of the Underliers at Any Time Other Than the Coupon Observation Dates, Including the Determination Date.

The payments on the notes will be based on the closing level of each\nunderlier on the coupon observation dates, including the determination date, subject to postponement for non-trading days and certain\nmarket disruption events. Even if the level of the least performing underlier is greater than or equal to its coupon trigger level during\nthe term of the notes other than on a coupon observation date but then decreases on a coupon observation date to a level that is less\nthan its coupon trigger level, the contingent coupon will not be payable for the relevant monthly period. Similarly, if the notes are\nnot redeemed, even if the level of the least performing underlier is greater than or equal to its trigger buffer level during the term\nof the notes other than on the determination date but then decreases on the determination date to a level that is less than its trigger\nbuffer level, the payment at maturity will be less, possibly significantly less, than it would have been had the payment at maturity been\nlinked to the level of the least performing underlier prior to such decrease. Although the actual level of the least performing underlier\non the maturity date or at other times during the term of the notes may be higher than its level on the coupon observation dates, whether\neach contingent coupon will be payable and the payment at maturity will be based solely on the closing level of the least performing underlier\non the applicable coupon observation dates.

You May Not Receive Any Contingent Coupons.

We will not necessarily make periodic coupon payments on the notes.\nIf the closing level of any underlier on a coupon observation date is less than its coupon trigger level, we will not pay you the contingent\ncoupon applicable to that coupon observation date. If on each of the coupon observation dates, the closing level of any underlier is less\nthan its coupon trigger level, we will not pay you any contingent coupons during the term of, and you will not receive a positive return\non, the notes. Generally, this non-payment of the contingent coupon coincides with a period of greater risk of principal loss on the notes.

Your Return on the Notes Is Limited to the\nFace Amount Plus the Contingent Coupons, If Any, Regardless of Any Appreciation in the Level of Any Underlier.

You will not participate in any appreciation of the underliers. In\naddition to any contingent coupon payments received prior to maturity or early redemption, for each $1,000 face amount, at maturity or\nupon early redemption, you will receive $1,000 plus the final contingent coupon if the closing level of the least performing underlier\non the relevant coupon observation date is equal to or greater than its coupon trigger level, regardless of any appreciation in the level\nof any underlier, which may be significant. Accordingly, the return on the notes may be significantly less than the return on a security,\nthe return of which was directly linked to the performance of any underlier during the term of the notes.

The Notes May Be Redeemed Prior to the\nMaturity Date.

If the notes are redeemed early, the holding period over which you\nmay receive contingent coupon payments may be significantly reduced. It is more likely that we will redeem the notes prior to maturity\nif we expect that the contingent coupon payments are likely to be payable on most or all of the coupon payment dates during the term of\nthe notes, resulting in a return on the notes which is greater than the interest that would be payable on other instruments issued by\nus of comparable maturity, terms and credit rating trading in the market. There is no guarantee that you would be able to reinvest the\nproceeds from an investment in the notes at a comparable return for a similar level of risk in the event the notes are redeemed prior\nto the maturity date.

PS-9

The Coupon Does Not Reflect the Actual Performance of the Underliers\nfrom the Trade Date to Any Coupon Observation Date or from Coupon Observation Date to Coupon Observation Date.

The coupon for each coupon payment date is different from, and may\nbe less than, a coupon determined based on the percentage difference of the closing levels of the underliers between the trade date and\nany coupon observation date or between two coupon observation dates. Accordingly, the coupons, if any, on the notes may be less than the\nreturn you could earn on another instrument linked to the underliers that pays coupons based on the performance of the underliers from\nthe trade date to any coupon observation date or from coupon observation date to coupon observation date.

Since the Notes Are Linked to the Performance\nof More Than One Underlier, You Will Be Fully Exposed to the Risk of Fluctuations in the Level of Each Underlier.

Since the notes are linked to the performance of more than one underlier,\nthe notes will be linked to the individual performance of each underlier. Because such notes are not linked to a basket, in which the\nrisk is mitigated and diversified among all of the components of a basket, you will be exposed to the risk of fluctuations in the level\nof each underlier. For example, in the case of notes linked to a basket, the return would depend on the aggregate performance of the basket\ncomponents reflected as the basket return. Thus, the depreciation of any basket component could be mitigated by the appreciation of another\nbasket component. However, in the case of notes linked to the performance of more than one underlier, the individual performance of each\nof the underliers would not be combined to calculate your return and the depreciation of any underlier would not be mitigated by the appreciation\nof the other underliers. Instead, your return would depend on the least performing underlier.

Because the Notes Are Linked to the Performance\nof the Least Performing Underlier, You are Exposed to Greater Risks of Sustaining a Significant Loss on Your Investment Than if the Notes\nWere Linked to Just One Underlier.

The risk that you will suffer a significant loss on your investment\nis greater if you invest in such notes as opposed to substantially similar securities that are linked to the performance of just one underlier.\nWith multiple underliers, it is more likely that the level of one of the underliers will be below its coupon trigger level on a coupon\nobservation date or its trigger buffer level on the determination date, than if the notes were linked to only one underlier. Therefore,\nit is more likely that you will not receive any contingent coupon payments and suffer a significant loss on your investment.

Higher Contingent Coupon Rates or Lower Barrier\nLevels Are Generally Associated With Underliers With Greater Expected Volatility and Therefore Can Indicate a Greater Risk of Loss.

\"Volatility\" refers to the frequency and magnitude of changes\nin the level of an underlier. The greater the expected volatility with respect to an underlier on the trade date, the higher the expectation\nas of the trade date that the level of the underlier could close below its coupon trigger level on a coupon observation date or its trigger\nbuffer level on the determination date, indicating a higher expected risk of non-payment of contingent coupons or loss on the notes. This\ngreater expected risk will generally be reflected in a higher contingent coupon rate than the yield payable on our conventional debt securities\nwith a similar maturity, or in more favorable terms (such as a lower trigger buffer level, a lower coupon trigger level or a higher contingent\ncoupon rate) than for similar securities linked to the performance of underliers with lower expected volatility as of the trade date.\nYou should therefore understand that a relatively higher contingent coupon rate may indicate an increased risk of loss. Further, a relatively\nlower trigger buffer level may not necessarily indicate that the notes have a greater likelihood of a repayment of principal at maturity.\nThe volatility of any underlier can change significantly over the term of the notes. The level of any underlier for your notes could fall\nsharply, which could result in a significant loss of principal. You should be willing to accept the downside market risk of the underlier\nand the potential to lose some or all of your principal at maturity and to not receive any contingent coupons.

General Risk Factors

You Are Subject to Nomura’s Credit Risk, and the Value of\nYour Notes May Be Adversely Affected by Negative Changes in the Market’s Perception of Nomura’s Creditworthiness.

By purchasing the notes, you are making, in part, a decision about\nNomura’s ability to pay you the amounts you are owed pursuant to the terms of your notes. Substantially all of our assets consist\nof loans to and other receivables from Nomura and its subsidiaries. Our obligations under your notes are guaranteed by Nomura. Therefore,\nas a practical matter, our ability to pay you amounts we owe on the notes is directly or indirectly linked solely to Nomura’s creditworthiness.\nIn addition, the market’s perception of Nomura’s creditworthiness generally will directly impact the value of your notes.\nIf Nomura becomes or is perceived as becoming less creditworthy following your purchase of notes, you should expect that the notes will\ndecline in value in the secondary market, perhaps substantially. If you sell your notes in the secondary market in such an environment,\nyou may incur a substantial loss.

The Estimated Value of Your Notes at the Time\nthe Terms of Your Notes Were Set on the Trade Date (as Determined by Reference to Our Affiliates’ Pricing Models) Is Less Than the\nOriginal Issue Price of Your Notes.

The original issue price for your notes exceeds the estimated value\nof your notes as of the time the terms of your notes were set on the trade date, as determined by reference to our affiliates’ pricing\nmodels. After the trade date, the estimated value, as determined by reference to these pricing models, may be affected by changes in market\nconditions, our and Nomura’s creditworthiness and other relevant factors. If Nomura Securities International, Inc. buys or\nsells your notes, it

PS-10

will do so at prices that reflect the estimated value determined by\nreference to such pricing models at that time. The price at which Nomura Securities International, Inc. will buy or sell your notes\nat any time also will reflect, among other things, its then current bid and ask spread for similar sized trades of structured notes.

In estimating the value of your notes as of the time the terms of your\nnotes were set on the trade date, as is disclosed on the front cover of this pricing supplement, our affiliates’ pricing models\nconsider certain variables, including principally Nomura’s internal funding rates, interest rates (forecasted, current and historical\nrates), volatility, price-sensitivity analysis and the time to maturity of the notes. These pricing models are proprietary and rely in\npart on certain assumptions about future events, which may prove to be incorrect. In addition, our internal funding rate used in our affiliates’\npricing models generally results in a higher estimated value of your notes than would result if we estimated the value using our credit\nspreads for our conventional fixed rate debt. As a result, the actual value you would receive if you sold your notes in the secondary\nmarket may differ, possibly even materially, from the estimated value of your notes that we determined by reference to our affiliates’\npricing models as of the time the terms of your notes were set on the trade date due to, among other things, any differences in pricing\nmodels, third-parties’ use of our credit spreads in their models, or assumptions used by other market participants.

The difference between the estimated value of your notes as of the\ntime the terms of your notes were set on the trade date and the original issue price is a result of certain factors, including principally\nthe underwriting discount and commissions, the expenses incurred in creating, documenting and marketing the notes, and an estimate of\nthe difference between the amounts we pay to our affiliates and the amounts our affiliates pay to us in connection with their agreement\nto hedge our obligations on your notes. These costs will be used or retained by us or one of our affiliates, except for underwriting discounts\npaid to unaffiliated distributors.

If We Were to Repurchase Your Notes Immediately After the Original\nIssue Date, the Price You Receive May Be Higher Than the Estimated Value of The Notes.

Assuming that all relevant factors remain constant after the original\nissue date, the price at which we may initially buy or sell the notes in the secondary market, if any, and the value that may initially\nbe used for customer account statements, if any, may exceed the estimated value on the trade date for a temporary period expected to be\napproximately 1 month after the original issue date. This temporary price difference may exist because, in our discretion, we may elect\nto effectively reimburse to investors a portion of the estimated cost of hedging our obligations under the notes and other costs in connection\nwith the notes that we will no longer expect to incur over the term of the notes. We will make such discretionary election and determine\nthis temporary reimbursement period on the basis of a number of factors, including the tenor of the notes and any agreement we may have\nwith the distributors of the notes. The amount of our estimated costs which we effectively reimburse to investors in this way may not\nbe allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the duration\nof the reimbursement period after the original issue date of the notes based on changes in market conditions and other factors that cannot\nbe predicted.

Because Nomura Is a Holding Company, Your Right to Receive Payments\non Nomura’s Guarantee of the Notes Is Subordinated to the Liabilities of Nomura’s Other Subsidiaries.

The ability of Nomura to make payments, as guarantor, on the notes,\ndepends upon Nomura’s receipt of dividends, loan payments and other funds from subsidiaries. In addition, if any of Nomura’s\nsubsidiaries becomes insolvent, the direct creditors of that subsidiary will have a prior claim on its assets, and Nomura’s rights\nand the rights of Nomura’s creditors, including your rights as an owner of the notes, will be subject to that prior claim.

Nomura’s subsidiaries are subject to various laws and regulations\nthat may restrict Nomura’s ability to receive dividends, loan payments and other funds from subsidiaries. In particular, many of\nNomura’s subsidiaries, including its broker-dealer subsidiaries, are subject to laws and regulations, including regulatory capital\nrequirements, that authorize regulatory bodies to block or reduce the flow of funds to the parent holding company, or that prohibit such\ntransfers altogether in certain circumstances. For example, Nomura Securities Co., Ltd., Nomura Securities International, Inc.,\nNomura International plc and Nomura International (Hong Kong) Limited, Nomura’s main broker-dealer subsidiaries, are subject to\nregulatory capital requirements that could limit the transfer of funds to Nomura. These laws and regulations may hinder Nomura’s\nability to access funds needed to make payments on Nomura’s obligations.

You Must Rely on Your Own Evaluation of the Merits of an Investment\nLinked to the Underliers.

In the ordinary course of business, Nomura or any of its affiliates\nmay have expressed views on expected movements in the underliers, and may do so in the future. These views or reports may be communicated\nto Nomura’s clients and clients of its affiliates. However, any such views are and will be subject to change from time to time.\nMoreover, other professionals who deal in markets relating to the underliers may at any time have significantly different views from those\nof Nomura or its affiliates. For these reasons, you are encouraged to derive information concerning the underliers from multiple sources,\nand you should not rely on any of the views that may have been expressed or that may be expressed in the future by Nomura or any of its\naffiliates. Neither the offering of the notes nor any view which Nomura or any of its affiliates from time to time may express in the\nordinary course of business constitutes a recommendation as to the merits of an investment in the notes or any of the component securities.

Your Return May Be Lower Than the Return on Other Debt Securities\nof Comparable Maturity.

PS-11

Any contingent coupons payable on your notes may represent a return\nthat is below the prevailing market rate for other debt securities of comparable maturity that are not linked to an underlier. Consequently,\nunless the cash settlement amount you receive on the maturity date substantially exceeds the amount you paid for your notes, the overall\nreturn you earn on your notes could be less than what you would have earned by investing in non–underlier-linked debt securities\nthat bear interest at prevailing market rates. For example, your return may be less than the return you would earn if you bought a traditional\ninterest-bearing debt security with the same maturity date. Your investment may not reflect the full opportunity cost to you when you\ntake into account factors that affect the time value of money.

The Historical Performance of the Underliers Should Not Be Taken\nas an Indication of Its Future Performance.

The historical levels of the underliers included in this pricing supplement\nshould not be taken as an indication of its future performance. Changes in the levels of the underliers will affect the market value of\nthe notes, but it is impossible to predict whether the levels of the underliers will rise or fall during the term of the notes. The levels\nof the underliers will be influenced by complex and interrelated political, economic, financial and other factors.

Our or Our Affiliates’ Hedging and Trading Activities May Adversely\nAffect the Market Value of the Notes.

As described under “Use of Proceeds and Hedging”\nin the accompanying product prospectus supplement, we or one or more of our affiliates may hedge our obligations under the notes by entering\ninto transactions involving purchases of futures and/or other derivative instruments linked to the underliers. We also expect that we\nor one or more of our affiliates will adjust these hedges by, among other things, purchasing or selling any of the foregoing, and perhaps\nother instruments linked to any of the foregoing, at any time and from time to time, and unwind the hedge by selling any of the foregoing\non or before the determination date for the notes or in connection with the redemption of the notes. Our or our affiliates’ hedging\nactivities may result in our or our affiliates’ receiving a substantial return on these hedging activities even if your investment\nin the notes results in a loss to you. These hedging activities could adversely affect the levels of the underliers and, therefore, the\nmarket value of the notes and the cash settlement amount payable on the notes.

We or one or more of our affiliates may also issue or underwrite other\nsecurities or financial or derivative instruments with returns linked or related to changes in the performance of the underliers. By introducing\ncompeting products into the marketplace in this manner, we or one or more of our affiliates could adversely affect the market value of\nthe notes and the cash settlement amount payable on the notes.

We or one or more of our affiliates may also engage in business with\nthe component securities issuers or trading activities related to the component securities, which may present a conflict of interest between\nus (or our affiliates) and you.

There Are Potential Conflicts of Interest between You and the Calculation\nAgent and between You and Our Other Affiliates.

The calculation agent will make important determinations as to the\nnotes. Among other things, the calculation agent will determine the applicable closing levels of the underliers. We have initially appointed\nour affiliate, Nomura Securities International, Inc., to act as the calculation agent. We may change the calculation agent after\nthe original issue date without notice to you. For a fuller description of the calculation agent’s role, see “General Terms\nof the Notes— Role of Calculation Agent” in the accompanying product prospectus supplement. The calculation agent will\nexercise its judgment when performing its functions and will make any determination required or permitted of it in its sole discretion.\nFor example, the calculation agent may have to determine whether a market disruption event affecting an underlier has occurred and may\nalso have to determine its closing level in such case. This determination may, in turn, depend on the calculation agent’s judgment\nwhether the event has materially interfered with our ability or the ability of one of our affiliates to unwind our hedge positions. The\ncalculation agent may also have to select a substitute index if an underlier is discontinued. All determinations by the calculation agent\nare final and binding on you absent manifest error. Since this determination by the calculation agent will affect the cash settlement\namount payable on the notes, the calculation agent may have a conflict of interest if it needs to make a determination of this kind, and\nthe cash settlement amount payable on your notes may be adversely affected. In addition, if the calculation agent determines that a market\ndisruption event has occurred, it can postpone any relevant valuation date, which may have the effect of postponing the maturity date.\nIf this occurs, you will receive the cash settlement amount, if any, after the originally scheduled stated maturity date but will not\nreceive any additional payment or any interest on such postponed cash settlement amount.

We or our affiliates may have other conflicts of interest with holders\nof the notes. See “Additional Risk Factors Specific to the Notes—Our or Our Affiliates’ Business Activities May Create\nConflicts of Interest” in the accompanying product prospectus supplement.

There May Not Be an Active Trading Market for the Notes—Sales\nin the Secondary Market May Result in Significant Losses.

The notes will not be listed on any securities exchange, and there\nmay be little or no secondary market for the notes. Nomura Securities International, Inc. and other affiliates of ours currently\nintend to make a market for the notes, although they are not required to do so. Nomura Securities International, Inc. or any other\naffiliate of ours may stop any such market-making activities at any time. Even if a secondary market for the notes develops, it may not\nprovide significant liquidity and the notes may not trade at prices advantageous to you. We expect that transaction costs in any secondary

PS-12

market would be high. As a result, the difference between bid and ask\nprices for your notes in any secondary market could be substantial.

Furthermore, if you sell your notes, you will likely be charged a commission\nfor secondary market transactions, or the price will likely reflect a dealer discount.

If you sell your notes before the maturity date, you may have to do\nso at a substantial discount from the issue price and as a result you may suffer substantial losses.

You Have No Shareholder Rights or Rights to Receive Any Underlier\nStock

Investing in your notes will not make you a holder of any of the underlier\nstocks. Neither you nor any other holder or owner of your notes will have any rights with respect to the underlier stocks, including any\nvoting rights, any rights to receive dividends or other distributions, any rights to make a claim against the underlier stocks or any\nother rights of a holder of the underlier stocks. Your notes will be paid in cash, as will any coupon payments, and you will have no right\nto receive delivery of any underlier stocks.

Risks Relating to the Underliers

Except to the Extent The Goldman Sachs Group, Inc. Is One of\nthe Companies Whose Common Stock Comprises the S&P 500^® Index. There Is No Affiliation Between the Underlier Stock\nIssuers or the Underlier Sponsor and Us or Goldman Sachs & Co. LLC

The common stock of The Goldman Sachs Group, Inc. is one of the\nunderlier stocks comprising the S&P 500^® Index. Neither we nor Goldman Sachs & Co. LLC (GS&Co.) are not\notherwise affiliated with the issuers of the underlier stocks or the underlier sponsors. As we have told you above, however, we or our\naffiliates may currently or from time to time in the future own securities of, or engage in business with, the underlier sponsors or the\nunderlier stock issuers. Neither we nor any of our affiliates have participated in the preparation of any publicly available information\nor made any “due diligence” investigation or inquiry with respect to the underliers or the other underlier stock issuers.\nYou, as an investor in your notes, should make your own investigation into the underliers and the underlier stock issuers. See “The\nUnderliers” below for additional information about the underliers.

Neither the underlier sponsors nor any of the\nother underlier stock issuers are involved in the offering of your notes in any way and none of them have any obligation of any sort with\nrespect to your notes. Thus, neither the underlier sponsors nor any of the other underlier stock issuers have any obligation to take your\ninterests into consideration for any reason, including in taking any corporate actions that might affect the market value of your notes.

Changes That Affect the Underliers May Affect\nthe Level of the Underliers and the Market Value of the Notes and the Amount You Will Receive on the Notes and the Amount You Will Receive\nat Maturity.

The policies of the underlier sponsors of the underliers concerning\nadditions, deletions and substitutions of the stocks included in the underliers, and the manner in which the reference sponsor takes account\nof certain changes affecting those stocks, may affect the level of the underliers. The policies of the underlier sponsors with respect\nto the calculation of the underliers could also affect the level of the underliers. The underlier sponsors may discontinue or suspend\ncalculation or dissemination of the underliers. Any such actions could affect the level of the underliers and the level of and the return\non the notes.

An Investment In the Notes Is Subject to Small-capitalization\nRisks.

The RTY tracks companies that are considered small-capitalization.\nThese companies often have greater stock price volatility, lower trading volume and less liquidity than large-capitalization companies\nand therefore the level of the RTY may be more volatile than an investment in stocks issued by large-capitalization companies. Stock prices\nof small-capitalization companies are also more vulnerable than those of large-capitalization companies to adverse business and economic\ndevelopments, and the stocks of small-capitalization companies may be thinly traded, making it difficult for the RTY to track them. In\naddition, small-capitalization companies are typically less stable financially than large-capitalization companies and may depend on a\nsmall number of key personnel, making them more vulnerable to loss of personnel. Small-capitalization companies are often subject to less\nanalyst coverage and may be in early, and less predictable, periods of their corporate existences. Such companies tend to have smaller\nrevenues, less diverse product lines, smaller shares of their product or service markets, fewer financial resources and less competitive\nstrengths than large-capitalization companies and are more susceptible to adverse developments related to their products or services.\nAny of these factors may adversely affect the performance of the RTY and consequently, the return on the notes.

Non-U.S. Securities Risk.

Some of the equity securities included in the NDX are issued by non-U.S.\ncompanies. Investments in securities linked to the value of such non-U.S. equity securities, such as the notes, involve risks associated\nwith the home countries of the issuers of those non-U.S. equity securities. The prices of securities in non-U.S. markets may be affected\nby political, economic, financial and social factors in those countries, or global regions, including changes in government, economic\nand fiscal policies and currency exchange laws.

PS-13

As Compared to Other Index Sponsors, Nasdaq, Inc. Retains Significant\nControl and Discretionary Decision-Making Over the NDX, Which May Have an Adverse Effect on the Level of the NDX and on Your Notes.

Pursuant to the NDX methodology, Nasdaq, Inc. retains the right,\nfrom time to time, to exercise reasonable discretion as it deems appropriate in order to ensure NDX integrity, including, but not limited\nto, changes to quantitative inclusion criteria. Nasdaq, Inc. may also, due to special circumstances, apply discretionary adjustments\nto ensure and maintain quality of the NDX. Although it is unclear how and to what extent this discretion could or would be exercised,\nit is possible that it could be exercised by Nasdaq, Inc. in a manner that materially and adversely affects the level of the NDX\nand therefore your notes. Nasdaq, Inc. is not obligated to, and will not, take account of your interests in exercising the discretion\ndescribed above.

Government Regulatory Action, Including Legislative Acts and\nExecutive Orders, Could Result in Material Changes to the Composition of an Underlier with Underlier Stocks from One or More Foreign Securities\nMarkets and Could Negatively Affect Your Investment in the Notes.

Government regulatory action, including legislative\nacts and executive orders, could cause material changes to the composition of an underlier with underlier stocks from one or more foreign\nsecurities markets and could negatively affect your investment in the notes in a variety of ways, depending on the nature of such government\nregulatory action and the underlier stocks that are affected. For example, recent executive orders issued by the United States Government\nprohibit United States persons from purchasing or selling publicly traded securities of certain companies that are determined to operate\nor have operated in the defense and related materiel sector or the surveillance technology sector of the economy of the People’s\nRepublic of China, or publicly traded securities that are derivative of, or that are designed to provide investment exposure to, those\nsecurities (including indexed notes). If the prohibitions in those executive orders (or prohibitions under other government regulatory\naction) become applicable to underlier stocks that are currently included in an underlier or that in the future are included in an underlier,\nsuch underlier stocks may be removed from an underlier. If government regulatory action results in the removal of underlier stocks that\nhave (or historically have had) significant weight in an underlier, such removal could have a material and negative effect on the level\nof such underlier and, therefore, your investment in the notes. Similarly, if underlier stocks that are subject to those executive orders\nor subject to other government regulatory action are not removed from an underlier, the value of the notes could be materially and negatively\naffected, and transactions in, or holdings of, the notes may become prohibited under United States law. Any failure to remove such underlier\nstocks from an underlier could result in the loss of a significant portion or all of your investment in the notes, including if you attempt\nto divest the notes at a time when the value of the notes has declined.

PS-14

THE UNDERLIERS

\n \n \n

Description of the SPX

\n \n

The SPX is a market capitalization-weighted index intended to provide\n a performance benchmark for the large-cap U.S. equity markets. The SPX includes a representative sample of 500 companies in leading industries\n of the U.S. economy.

\n \n

For more information about the SPX, see “The S&P 500^®\n Index” beginning on page PS-2 of the accompanying Equity Index Product Prospectus Supplement.

Historical Performance of the SPX

The following graph sets forth the historical performance of the SPX\nbased on the daily historical closing levels from January 1, 2021 through October 29, 2026. We obtained the closing levels below\nfrom Bloomberg. We have not undertaken any independent review of, or made any due diligence inquiry with respect to, the information obtained\nfrom Bloomberg.

Historical Performance of the SPX

$\"\"$

The historical levels of the SPX should not be taken as an indication\nof future performance, and no assurance can be given as to the closing level of the SPX on any coupon observation date, including the\ndetermination date.

PS-15

Description of the RTY

The RTY is designed to track the performance of the small capitalization\nsegment of the United States equity market. All 2,000 stocks are traded on the New York Stock Exchange or Nasdaq, and the RTY consists\nof the smallest 2,000 companies included in the Russell 3000^® Index. The Russell 3000^® Index is composed\nof the 3,000 largest United States companies as determined by market capitalization and represents approximately 98% of the United States\nequity market.

For more information about the RTY, see “The Russell 2000^®\nIndex” beginning on page PS-8 of the accompanying Equity Index Product Prospectus Supplement.

Historical Performance of the RTY

The following graph sets forth the historical performance of the RTY\nbased on the daily historical closing levels from January 1, 2021 through October 29, 2026. We obtained the closing levels below\nfrom Bloomberg. We have not undertaken any independent review of, or made any due diligence inquiry with respect to, the information obtained\nfrom Bloomberg.

Historical Performance of the RTY

$\"\"$

The historical levels of the RTY should not be taken as an indication\nof future performance, and no assurance can be given as to the closing level of the RTY on any coupon observation date, including the\ndetermination date.

PS-16

Description of the NDX

The NDX is a modified market capitalization-weighted index of 100 of\nthe largest non-financial companies listed on the Nasdaq Stock Market based on market capitalization. It does not contain securities of\nfinancial companies (based on the Financials industry classification according to the Industry Classification Benchmark). Each underlying\nstock's influence on the level of the NDX is directly proportional to the value of its share weight.

For more information about the NDX, see “The Nasdaq-100\nIndex^®” beginning on page PS-10 of the accompanying Equity Index Product Prospectus Supplement.

Historical Performance of the NDX

The following graph sets forth the historical performance of the NDX\nbased on the daily historical closing levels from January 1, 2021 through October 29, 2026. We obtained the closing levels below\nfrom Bloomberg. We have not undertaken any independent review of, or made any due diligence inquiry with respect to, the information obtained\nfrom Bloomberg.

Historical Performance of the NDX

$\"\"$

The historical levels of the NDX should not be\ntaken as an indication of future performance, and no assurance can be given as to the closing level of the NDX on any coupon observation\ndate, including the determination date.

PS-17

SUPPLEMENTAL DISCUSSION OF U.S.\nFEDERAL INCOME TAX CONSEQUENCES

You should carefully consider the matters set\nforth in “U.S. Federal Income Tax Considerations” in the accompanying prospectus. The following discussion summarizes the\nU.S. federal income tax consequences of the purchase, beneficial ownership, and disposition of the notes. This summary supplements the\nsection “U.S. Federal Income Tax Considerations” in the accompanying prospectus and supersedes it to the extent inconsistent\ntherewith.

There is no direct legal authority as to the proper\ntax treatment of the notes, and therefore significant aspects of the tax treatment of the notes are uncertain as to both the timing and\ncharacter of any inclusion in income in respect of the notes. Under one approach, a note should be treated as a contingent income-bearing\npre-paid derivative contract with respect to the underliers. We intend to treat the notes consistent with this approach. Pursuant to the\nterms of the notes, you agree to treat the notes under this approach for all U.S. federal income tax purposes. Subject to the limitations\ndescribed therein, and based on certain factual representations received from us, in the opinion of our special U.S. tax counsel, Mayer\nBrown LLP, it is reasonable to treat a note as a contingent income-bearing pre-paid derivative contract with respect to the underliers.\nBecause there are no statutory provisions, regulations, published rulings or judicial decisions addressing the characterization for U.S.\nfederal income tax purposes of securities with terms that are substantially the same as those of the notes, other characterizations and\ntreatments are possible and the timing and character of income in respect of the notes might differ from the treatment described herein.

U.S. Holders. Please see the discussion\nunder the heading “U.S. Federal Income Tax Considerations — Tax Treatment of U.S. Holders — Certain Notes Treated as\na Put Option and a Deposit or a Derivative Contract — Certain Notes Treated as Prepaid Derivative Contracts” in the accompanying\nprospectus for a further discussion of U.S. federal income tax considerations applicable to U.S. holders (as defined in the accompanying\nprospectus). Pursuant to the approach discussed above, we intend to treat any gain or loss upon maturity or an earlier sale, exchange,\nor redemption as capital gain or loss in an amount equal to the difference between the amount you receive at such time (other than with\nrespect to any contingent coupon) and your tax basis in the note. Any such gain or loss will be long-term capital gain or loss if you\nhave held the note for more than one year at such time for U.S. federal income tax purposes. Your tax basis in a note generally will equal\nyour cost of the note. In addition, the tax treatment of the contingent coupons is unclear. Although the tax treatment of the contingent\ncoupons is unclear, we intend to treat any contingent coupon, including on the maturity date, as ordinary income includible in income\nby you at the time it accrues or is received in accordance with your normal method of accounting for U.S. federal income tax purposes.

Non-U.S. Holders. Please see the discussion\nunder the heading “U.S. Federal Income Tax Considerations — Tax Treatment of Non-U.S. Holders” in the accompanying prospectus\nfor further discussion of U.S. federal income tax considerations applicable to non-U.S. holders (as defined in the accompanying prospectus).\nBecause the U.S. federal income tax treatment (including the applicability of withholding) of the contingent coupons is uncertain, to\nthe extent we have a withholding obligation, we intend to withhold U.S. federal income tax on the entire amount of any contingent coupons\nat a 30% rate (or at a lower rate under an applicable income tax treaty). Even if we do not have a withholding obligation, another withholding\nagent in the chain of payments may effectuate withholding to the same extent. Any U.S. federal withholding tax should generally be imposed\nonce. We will not pay any additional amounts in respect of any such withholding.

A “dividend equivalent” payment is\ntreated as a dividend from sources within the United States and such payments generally would be subject to a 30% U.S. withholding tax\nif paid to a non-U.S. holder. Under U.S. Treasury Department regulations, payments (including deemed payments) with respect to equity-linked\ninstruments (“ELIs”) that are “specified ELIs” may be treated as dividend equivalents if such specified ELIs reference\nan interest in an “underlying security,” which is generally any interest in an entity taxable as a corporation for U.S. federal\nincome tax purposes if a payment with respect to such interest could give rise to a U.S. source dividend. However, Internal Revenue\nService guidance provides that withholding on dividend equivalent payments will not apply to specified ELIs that are not delta-one instruments\nand that are issued through 2028. Based on the Issuer’s determination that the notes are not “delta-one” instruments,\nnon-U.S. holders should not be subject to withholding on dividend equivalent payments, if any, under the notes. However, it is possible\nthat the notes could be treated as deemed reissued for U.S. federal income tax purposes upon the occurrence of certain events affecting\nthe underliers or the notes, and following such occurrence the notes could be treated as subject to withholding on dividend equivalent\npayments. Non-U.S. holders that enter, or have entered, into other transactions in respect of the underliers or the notes should consult\ntheir tax advisors as to the application of the dividend equivalent withholding tax in the context of the notes and their other transactions.\nIf any payments are treated as dividend equivalents subject to withholding, we (or the applicable paying agent) would be entitled to withhold\ntaxes without being required to pay any additional amounts with respect to amounts so withheld.

PROSPECTIVE PURCHASERS OF NOTES SHOULD CONSULT\nTHEIR TAX ADVISORS AS TO THE FEDERAL, STATE, LOCAL, AND OTHER TAX CONSEQUENCES TO THEM OF THE PURCHASE, OWNERSHIP AND DISPOSITION OF NOTES.

PS-18

\n \n \n \n \n \n \n \n \n \n \n

SUPPLEMENTAL PLAN OF DISTRIBUTION

See “Plan of Distribution (Conflicts of Interest)” in the accompanying prospectus.

Nomura America Finance, LLC will sell to GS&Co., and GS&Co. will purchase from Nomura America Finance, LLC, the aggregate face amount of the offered notes specified on the front cover of this pricing supplement. GS&Co. proposes initially to offer the notes to the public at the original issue price set forth on the cover page of this pricing supplement, and to certain securities dealers at such price less a concession not in excess of 0.40% of the face amount.

We have been advised by Nomura Securities International, Inc. that it intends to make a market in the notes. However, neither Nomura Securities International, Inc. nor any of its other affiliates that makes a market is obligated to do so and any of them may stop doing so at any time without notice. No assurance can be given as to the liquidity or trading market for the notes.

The notes will not be listed on any securities exchange or interdealer quotation system.

PS-19

\n \n \n \n \n

VALIDITY OF THE NOTES

In the opinion of Mayer Brown LLP, as counsel to the Issuer and the Guarantor, when this pricing supplement has been attached to, and duly notated on, the master note that represents the notes pursuant to the Indenture referred to in the prospectus and prospectus product supplement, and issued and paid for as contemplated herein, (i) such notes will be valid, binding and enforceable obligations of the Issuer, and (ii) the related Guarantee will be a valid, binding and enforceable obligation of the Guarantor, in each case entitled to the benefits of the Indenture, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith). This opinion is given as of the date hereof and is limited to the laws of the State of New York, the laws of the State of Delaware and the federal laws of the United States of America. Insofar as this opinion involves matters governed by Japanese law, Mayer Brown LLP has relied, with the Issuer’s permission, on the opinion of Anderson Mori & Tomotsune, dated as of July 16, 2026, filed as an exhibit to the Registration Statement by the Issuer on July 16, 2026, and this opinion is subject to the same assumptions, qualifications and limitations as set forth in such opinion of Anderson Mori & Tomotsune. This opinion is subject to customary assumptions about the Trustee’s authorization, execution and delivery of the Indenture and the genuineness of signatures and to such counsel’s reliance on the Issuer and other sources as to certain factual matters, all as stated in the legal opinion dated July 16, 2026, which has been filed as Exhibit 5.2 to the Issuer’s Registration Statement on Form F-3 dated July 16, 2026.

PS-20

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