By Wendy Van Sickle
Columbus, Ohio, April 28 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $15 million of senior callable floating-rate notes due April 23, 2037 linked to the spread of the 30-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to eight times the CMS reference rate, which is the 30-year CMS rate minutes the two-year rate, subject to a minimum interest rate of 0% and a maximum interest rate of 10% per year. Interest is payable quarterly.
Beginning April 23, 2023, the notes will be callable annually at par.
The payout at maturity will be par.
Jefferies LLC is the agent.
Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc.
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Issue: | Senior callable floating-rates notes
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Underlying rates: | 30-year Constant Maturity Swap rate and two-year Constant Maturity Swap rate
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Amount: | $15 million
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Maturity: | April 23, 2037
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Coupon: | Rate equal to 8 times CMS reference rate (30-year CMS rate minus two-year CMS rate), subject to minimum interest rate of 0% and maximum interest rate of 10% per year; payable quarterly
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Call option: | Annually at par beginning April 23, 2023
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Price: | Variable
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Payout at maturity: | Par
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Pricing date: | April 21
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Settlement date: | April 23
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Agent: | Jefferies LLC
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Fees: | 2.5%
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Cusip: | 47233JES3
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