By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $1.09 million of senior callable floating-rate notes due Aug. 31, 2041 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 six times the CMS reference rate, which is the 30-year CMS rate minus the two-year rate, minus 25 basis points. The interest rate is subject to a minimum of 0% and a maximum interest rate of 10% per year. Interest is payable quarterly.
Beginning Aug. 31, 2022, 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.
|
| 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: | $1,089,000
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| Maturity: | Aug. 31, 2041
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| Coupon: | Rate equal to six times CMS reference rate (30-year CMS rate minus two-year CMS rate) minus 25 bps, subject to minimum interest rate of 0% and maximum interest rate of 10% per year; payable quarterly
|
| Call option: | Annually at par beginning Aug. 31, 2022
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| Price: | Variable
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| Payout at maturity: | Par
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 31
|
| Agent: | Jefferies LLC
|
| Fees: | 3%
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| Cusip: | 47233JGK8
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