New Issue: Jefferies sells $7.26 million step-up callable notes with 3% start rate

By Wendy Van Sickle

Columbus, Ohio, March 4 – Jefferies Group LLC priced $7.26 million of senior fixed-rate step-up callable notes due Feb. 28, 2035, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is 3% initially, stepping up to 4% on Feb. 28, 2026. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole or in part at par on Feb. 28, 2026 and Feb. 28, 2031.

Jefferies LLC is the agent.

Issuer:	Jefferies Group LLC
Issue:	Senior fixed-rate step-up callable notes
Amount:	$7,263,000
Maturity:	Feb. 28, 2035
Coupon:	3% initially, stepping up to 4% on Feb. 28, 2026; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	In whole or in part at par on Feb. 28, 2026 and Feb. 28, 2031
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Jefferies LLC
Fees:	1.5%
Cusip:	47233JCY2

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