Published on 3/14/2023 in the Prospect News Structured Products Daily.
New Issue: Jefferies sells $1.68 million leveraged upside participation market-linked notes on Nasdaq
By Wendy Van Sickle
Columbus, Ohio, March 14 – Jefferies Financial Group Inc. priced $1.68 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 3, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of the gain in the index, up to par plus 20%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.
Wells Fargo Securities LLC is the agent.
Issuer: | Jefferies Financial Group Inc.
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Nasdaq-100 index
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Amount: | $1,677,000
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Maturity: | Sept. 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of the gain in the index, up to par plus 20%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
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Initial share price: | 12,057.79
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Buffer level: | 10,852.011, 90% of initial level
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Pricing date: | Feb. 27
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Settlement date: | March 2
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Agent: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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Fees: | 2.07%
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Cusip: | 47233WAL3
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