New Issue: Jefferies sells $4.1 million capped buffered leveraged notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 28 – Jefferies Group LLC and wholly owned subsidiary Jefferies Group Capital Finance Inc. priced $4.1 million of 0% senior capped buffered leveraged notes due April 13, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial value, the payout at maturity will be par plus 2 times the gain, capped at par plus 13.25%.

If the index finishes flat or falls by up to 10%, the payout will be par. Investors will lose 1% for each 1% index decline beyond 10%.

Jefferies LLC is the agent.

Issuers:	Jefferies Group LLC and Jefferies Group Capital Finance Inc.
Issue:	Senior capped buffered leveraged notes
Underlying index:	S&P 500
Amount:	$4.1 million
Maturity:	April 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 13.25%; par if index declines by up to 10%; otherwise, 1% loss for each 1% index decline beyond 10%
Initial value:	4,511.61
Buffer value:	4,060.45, 90% of initial value
Pricing date:	March 23
Settlement date:	March 25
Agent:	Jefferies LLC
Fees:	0.1%
Cusip:	47233JHW1

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