Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: Jefferies sells $1.95 million leveraged notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 1 – Jefferies Financial Group Inc. priced $1.95 million of 0% leveraged notes due April 23, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 133% of the gain in the index. If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the loss if the index falls by more than 30%.
Jefferies LLC is the agent for distribution.
Issuer: | Jefferies Financial Group Inc.
|
Issue: | Leveraged notes
|
Underlying index: | S&P 500
|
Amount: | $1,947,000
|
Maturity: | April 23, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 133% of the gain in the index; if index falls by up to 30%, par; full exposure to loss if index falls by more than 30%
|
Initial level: | 4,133.52
|
Threshold level: | 2,893.46, 70% of initial level
|
Pricing date: | April 21
|
Settlement date: | April 26
|
Agent: | Jefferies LLC
|
Fees: | 0%
|
Cusip: | 47233WAW9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.