Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: Jefferies prices $142,000 capped notes linked to S&P 500
Chicago, Feb. 11 – Jefferies Financial Group Inc. sold $142,000 of 0% senior capped notes due May 26, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 40%.
Otherwise, investors will receive par.
Jefferies LLC is the agent.
| Issuers: | Jefferies Financial Group Inc.
|
| Issue: | Senior capped notes
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| Underlying index: | S&P 500 index
|
| Amount: | $142,000
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| Maturity: | May 26, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 40%; otherwise, par
|
| Initial level: | 4,115.24
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| Pricing date: | May 24, 2023
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| Settlement date: | May 30, 2023
|
| Agent: | Jefferies LLC
|
| Fees: | 3%
|
| Cusip: | 47233WBC2
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