New Issue: Jefferies prices $2.33 million capped buffered leveraged notes linked to Dow, S&P

By William Gullotti

Buffalo, N.Y., Oct. 30 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $2.33 million of 0% senior capped buffered leveraged notes due Oct. 24, 2025 tied to the Dow Jones Industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index finishes above its initial level, the payout at maturity will be par plus 1.5 times the return of that index, subject to a maximum payout of par plus 45%.

If the laggard index finishes below its initial level but at or above 85% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.

Jefferies LLC is the agent.

Issuers:	Jefferies Group LLC and Jefferies Group Capital Finance Inc.
Issue:	Senior capped buffered leveraged notes
Underlying indexes:	Dow Jones Industrial average, S&P 500 index
Amount:	$2,333,000
Maturity:	Oct. 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain in the laggard index, capped at par plus 45%; par if laggard index declines by up to 15%; otherwise, 1% loss for each 1% decline of worst performer beyond 15%
Initial levels:	33,127.28 for Dow, 4,224.16 for S&P
Buffer levels:	28,158.19 for Dow, 3,590.54 for S&P; 85% of initial levels
Pricing date:	Oct. 20
Settlement date:	Oct. 25
Agent:	Jefferies LLC
Fees:	None
Cusip:	47233WCE7

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