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Published on 11/17/2023 in the Prospect News Structured Products Daily.

New Issue: Jefferies prices $1 million leveraged notes linked to iShares Russell

By Angela McDaniels

Tacoma, Wash., Nov. 17 – Jefferies Financial Group Inc. priced $1 million of 0% senior leveraged notes due Oct. 29, 2027 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 140% of the ETF return. If the final share price is less than the initial share price, investors will be exposed to the ETF’s decline.

Jefferies LLC is the agent.

Issuer:Jefferies Financial Group Inc.
Issue:Senior leveraged notes
Underlying ETF:iShares Russell 2000 ETF
Amount:$1 million
Maturity:Oct. 29, 2027
Coupon:0%
Price:Par
Payout at maturity:If final share price is greater than or equal to initial share price, par plus 140% of ETF return; otherwise, exposure to ETF’s decline
Initial share price:$163.72
Strike date:Oct. 25
Pricing date:Oct. 26
Settlement date:Oct. 31
Agent:Jefferies LLC
Fees:0.2%
Cusip:47233WCJ6

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