The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer tosell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. Filed Pursuant to Rule424(b)(2)Registration Statement Nos. 333-297506333-297506-01 SUBJECT TO COMPLETION. DATED JULY22, 2026 PRICING SUPPLEMENT TO THE PROSPECTUS DATED JULY 16, 2026, THE PRODUCT PROSPECTUS SUPPLEMENT DATED JULY 16,2026 AND THE EQUITY INDEX PRODUCT PROSPECTUS SUPPLEMENT DATED JULY 16, 2026 US$Nomura America Finance, LLCSenior Global Medium-Term Notes, SeriesAFully and Unconditionally Guaranteed by Nomura Holdings,Inc. Issuer Redeemable Contingent Coupon Barrier Notes Linked to the Least Performing of the S&P 500®Index, the Nasdaq-100 Index®and theRussell 2000®Index due July25, 2031 Nomura America Finance, LLC is offering the issuer redeemable contingent coupon barrier notes linked to the least performing of the S&P 500®Index,the Nasdaq-100 Index®and the Russell 2000®Index (each, a “reference asset” and together, the “reference assets”) due July25, 2031 (the “notes”)described below. The notes are unsecured securities. All payments on the notes are subject to our credit risk and that of the guarantor of the notes,Nomura Holdings,Inc.Monthly contingent coupon payments at a rate of approximately 1.0583% (equivalent to at least 12.70% per annum) (to be determined on the tradedate), payable if the closing value of each reference asset on the applicable coupon observation date is greater than or equal to 70% of its initial value.The notes will be redeemable by us, at our option, in whole but not in part, at the principal amount plus the applicable contingent coupon, if payable, onany optional redemption date on or after October27, 2026, regardless of the performance of any reference asset.If the notes are not redeemed and the least performing reference asset declines by more than 30% but not by more than 45%, you will receive 100% ofyour principal amount at maturity but will not receive a contingent coupon.If the notes are not redeemed and the least performing reference asset declines by more than 45%, there is full exposure to declines in the leastperforming reference asset, and you will lose all or a portion of your principal amount at maturity. The reference asset with the lowest reference assetperformance is the “least performing reference asset.”Approximately a five year maturity, if not redeemed.The notes will not be listed on any securities exchange.The notes are not ordinary debt securities, and you should carefully consider whether the notes are suited to your particular circumstances.Investing in the notes involves significant risks, including our and Nomura’s credit risk. You should carefully consider the risk factors under “Additional Risk Factors Specific to Your Notes” beginning on pagePS-6of this pricing supplement, under “Risk Factors” beginning on page6 in theaccompanying prospectus, under “Additional Risk Factors Specific to the Notes” beginning on pagePS-18 of the accompanying product prospectussupplement, and any risk factors incorporated by reference into the accompanying prospectus before you invest in the notes. The estimated value of your notes at the time the terms of your notes are set on the trade date (as determined by reference to pricing models used byNomura Securities International,Inc.) is expected to be between $954.40 and $984.40 per $1,000 principal amount, which is expected to be less than theprice to public. The notes will be our unsecured obligations. We are not a bank, and the notes will not constitute deposits insured by the U.S. Federal Deposit InsuranceCorporation or any other governmental agency or instrumentality. Nomura Securities International,Inc., an affiliate of ours acting as the distribution agent, will purchase the notes from us at the price to the public lessthe agent’s commission. The price to public, agent’s commission and proceeds to issuer listed above relate to the notes we sell initially. We may decide to selladditional notes after the trade date but prior to the original issue date, at a price to public, agent’s commission and proceeds to issuer that differ from theamounts set forth above, but the agent’s commission will not exceed the amount set forth above and the proceeds to issuer will not be less than the amountset forth above. Certain dealers who purchase the notes for sale to certain fee-based advisory accounts may forgo some or all of their selling concessions, feesor commissions. See “Supplemental Plan of Distribution (Conflicts of Interest)” herein. We will use this pricing supplement in the initial sale of the notes. In addition, Nomura Securities International,Inc. or another of our affiliates may usethe final pricing supplement in market-making transactions in the notes after their initial sale.Unless we or our agent informs the purchaser otherwise in