By Wendy Van Sickle
Columbus, Ohio, July 22 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $2 million of senior callable floating-rate notes due May 28, 2041 linked to the spread of the 10-year Constant Maturity Swap rate over the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to eight times the CMS reference rate, which is the 10-year CMS rate minutes the two-year rate, subject to a minimum interest rate of 0% and a maximum interest rate of 9% per year. Interest is payable quarterly.
Beginning May 28, 2023, the notes will be callable annually at par.
The payout at maturity will be par.
Jefferies LLC is the agent.
| Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc.
|
| Issue: | Senior callable floating-rates notes
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| Underlying rates: | 10-year Constant Maturity Swap rate and two-year Constant Maturity Swap rate
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| Amount: | $2 million
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| Maturity: | May 28, 2041
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| Coupon: | Rate equal to 8 times CMS reference rate (10-year CMS rate minus two-year CMS rate), subject to minimum interest rate of 0% and maximum interest rate of 9% per year; payable quarterly
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| Call option: | Annually at par beginning May 28, 2023
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| Price: | Variable
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| Payout at maturity: | Par
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| Pricing date: | May 26
|
| Settlement date: | May 28
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| Agent: | Jefferies LLC
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| Fees: | 3%
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| Cusip: | 47233JFA1
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