New Issue: Jefferies sells $7.5 million step-up callable notes with 4% start rate

By Marisa Wong

Morgantown, W.Va., Feb. 5 – Jefferies Group LLC priced $7.5 million of senior fixed-rate step-up callable notes due Jan. 31, 2034, according to a 424B5 filing with the Securities and Exchange Commission.

Interest is 5% initially, stepping up to 6% on Jan. 31, 2024 and to 7% on Jan. 31, 2029. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole or in part at par on Jan. 31, 2024 and Jan. 31, 2029.

Jefferies LLC is the agent.

Issuer:	Jefferies Group LLC
Issue:	Senior fixed-rate step-up callable notes
Amount:	$7.5 million
Maturity:	Jan. 31, 2034
Coupon:	5% initially, stepping up to 6% on Jan. 31, 2024 and to 7% on Jan. 31, 2029; payable semiannually
Price:	Par of $1,000
Payout at maturity:	Par
Call option:	In whole or in part at par on Jan. 31, 2024 and Jan. 31, 2029
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Jefferies LLC
Fees:	2%
Cusip:	47233JBQ0

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