Published on 1/24/2023 in the Prospect News Structured Products Daily.
New Issue: Jefferies prices $477,000 capped buffered leveraged notes linked to Russell
Chicago, Jan. 24 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $477,000 of 0% senior capped buffered leveraged notes due Oct. 25, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payout of par plus 21%.
If the index finishes below its initial level but at or above 90% of its initial level, 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.
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Issue: | Senior capped buffered leveraged notes
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Underlying index: | Russell 2000 index
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Amount: | $477,000
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Maturity: | Oct. 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 21%; par if index declines by up to 10%; otherwise, 1% loss for each 1% index decline beyond 10%
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Initial level: | 1,940.665
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Buffer level: | 1,746.599; 90% of initial level
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Pricing date: | April 22, 2022
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Settlement date: | April 27, 2022
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Agent: | Jefferies LLC
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Fees: | 0%
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Cusip: | 47233JHZ4
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