By Marisa Wong
Morgantown, W.Va., Dec. 13 – Jefferies Group LLC priced $10 million of fixed-to-floating notes due Dec. 28, 2037 linked to the 30-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 6% for the first five years. After that, the interest rate will be the 30-year CMS rate plus 100 basis points, subject to a minimum of zero and a maximum interest rate of 10% per year. Interest will be payable monthly.
The payout at maturity will be par.
Jefferies LLC is the agent.
| Issuer: | Jefferies Group LLC
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $10 million
|
| Maturity: | Dec. 28, 2037
|
| Coupon: | 6% for the first five years; after that, 30-year CMS rate plus 100 bps, subject to a minimum of zero and a maximum interest rate of 10% per year; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Dec. 4
|
| Settlement date: | Dec. 28
|
| Agent: | Jefferies LLC
|
| Fees: | 2.5%
|
| Cusip: | 47233JBE7
|
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