By Angela McDaniels
Tacoma, Wash., Oct. 23 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $10 million of additional fixed-to-floating notes due Oct. 31, 2037 linked to the leveraged difference between the 10-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The original $10 million of notes priced Oct. 5. The total issue size is now $20 million.
The interest rate is 10% for the first year. After that, the interest rate will be 10 times the spread of the 10-year CMS rate over the two-year CMS rate, subject to a minimum of zero and a maximum interest rate of 10% per year. Interest is payable monthly.
The payout at maturity will be par.
Jefferies LLC is the agent.
| Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc.
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $20 million, increased from $10 million
|
| Maturity: | Oct. 31, 2037
|
| Coupon: | 10% for first year; after that, 10 times spread of 10-year CMS rate over two-year CMS rate, subject to minimum of zero and maximum interest rate of 10% per year; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Oct. 5 for $10 million and Oct. 19 for additional $10 million
|
| Settlement date: | Oct. 31
|
| Agent: | Jefferies LLC
|
| Fees: | 3.5%
|
| Cusip: | 47233JBB3
|
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