By William Gullotti
Buffalo, N.Y., June 15 – Jefferies Group LLC and wholly owned subsidiary Jefferies Group Capital Finance Inc. priced $780,000 of 0% senior capped buffered leveraged notes due May 26, 2026 tied to the SPDR Dow Jones industrial average exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes above its initial value, the payout at maturity will be par plus 1.25 times the gain, capped at par plus 40%.
If the ETF finishes flat or falls by up to 15%, the payout will be par. Investors will lose 1% for each 1% ETF decline beyond 15% to a minimum payout of $150 per note.
Jefferies LLC is the agent.
Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc.
|
Issue: | Senior capped buffered leveraged notes
|
Underlying ETF: | SPDR Dow Jones industrial average ETF
|
Amount: | $780,000
|
Maturity: | May 26, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.25 times any ETF gain, capped at par plus 40%; par if ETF declines by up to 15%; otherwise, 1% loss for each 1% ETF decline beyond 15% to a minimum payout of $150 per note
|
Initial value: | $342.04
|
Buffer value: | $290.73; 85% of initial value
|
Pricing date: | May 21
|
Settlement date: | May 26
|
Agent: | Jefferies LLC
|
Fees: | 3%
|
Cusip: | 47233JEY0
|
|
© 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.