The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricingsupplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not SUBJECT TO COMPLETION. DATED MAY 28, 2026 PRICING SUPPLEMENT TO THE PROSPECTUS DATED JULY 20, 2023 AND THE PRODUCTPROSPECTUS SUPPLEMENT DATED FEBRUARY 29, 2024 US$Nomura America Finance, LLCSenior Global Medium-Term Notes, Series AFully and Unconditionally Guaranteed by Nomura Holdings, Inc. Issuer Redeemable Contingent Coupon Barrier Notes Linked to the Least Performing of the S&P 500®Index and the EURO STOXX 50®Index due June 1, 2029 Nomura America Finance, LLC is offering the issuer redeemable contingent coupon barrier notes linked to the least performing of theS&P 500®Index, the Russell 2000®Index and the EURO STOXX 50®Index (each, a “reference asset” and together, the “referenceassets”) due June 1, 2029 (the “notes”) described below. The notes are unsecured securities. All payments on the notes are subject toour credit risk and that of the guarantor of the notes, Nomura Holdings, Inc. Quarterly contingent coupon payments at a rate of at least 3.375% (equivalent to 13.50% 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 The notes will be redeemable by us, at our option, in whole but not in part, at the principal amount plus the applicable contingentcoupon, if payable, on any optional redemption date on or after September 2, 2026, regardless of the performance of any reference If the notes are not redeemed and the least performing reference asset declines by more than 30%, there is full exposure to declines inthe least performing reference asset, and you will lose all or a portion of your principal amount at maturity. The reference asset with the Approximately a three 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 particularcircumstances. Investing in the notes involves significant risks, including our and Nomura’s credit risk. You should carefully consider the riskfactors under “Additional Risk Factors Specific to Your Notes” beginning on page PS-6of this pricing supplement, under “RiskFactors” beginning on page 6 in the accompanying prospectus, under “Additional Risk Factors Specific to the Notes” beginning on The estimated value of your notes at the time the terms of your notes are set on the trade date (as determined by reference topricing models used by Nomura Securities International, Inc.) is expected to be between $954.20 and $984.20 per $1,000 principalamount, which is expected to be less than the price to public. We expect delivery of the notes will be made against payment therefor on or about the original issue date specified below. The notes will be our unsecured obligations. We are not a bank, and the notes will not constitute deposits insured by the U.S. FederalDeposit Insurance Corporation 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 priceto the public less the agent’s commission. The price to public, agent’s commission and proceeds to issuer listed above relate to the noteswe sell initially. We may decide to sell additional notes after the trade date but prior to the original issue date, at a price to public, agent’scommission and proceeds to issuer that differ from the amounts set forth above, but the agent’s commission will not exceed the amount We will use this pricing supplement in the initial sale of the notes. In addition, Nomura Securities International, Inc. or another of ouraffiliates may use the final pricing supplement in market-making transactions in the notes after their initial sale.Unless we or our agent Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of thesesecurities or passed upon the accuracy or adequacy of this pricing supplement. Any representation to the contrary is a criminaloffense. NomuraMay, 2026 ADDITIONAL INFORMATION You should read this pricing supplement together with the prospectus, dated July 20, 2023 (the “prospectus”), and the productprospectus supplement, dated February 29, 2024 (the “product prospectus supplement”), relating to our Senior Global Medium-TermNotes, Series A, of which these notes are a part.In the event of any conflict between the terms of this pricing supplement and the This pricing supplement, together with the prospectus and the product prospectus supplement, contains the terms of the notes. Youshould carefully consider, among other things, the matters set forth under “Risk Factors” in