By Kiku Steinfeld
Chicago, Nov. 21 – Jefferies Group LLC and wholly owned subsidiary Jefferies Group Capital Finance Inc. priced $50,000 of 0% senior capped buffered leveraged notes due Sept. 20, 2023 tied to the iShares MSCI Emerging Markets ETF, 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 1.5 times the gain, capped at par plus 20%.
If the ETF finishes flat or falls by up to 10%, the payout will be par. Investors will lose 1% for each 1% ETF decline beyond 10% to a minimum payout of $100 per note.
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 ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $50,000
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| Maturity: | Sept. 20, 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 ETF gain, capped at par plus 20%; par if ETF declines by up to 10%; otherwise, 1% loss for each 1% ETF decline beyond 10% to a minimum payout of $100 per note
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| Initial value: | $45.36
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| Buffer value: | $40.82; 90% of initial value
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | Jefferies LLC
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| Fees: | 0%
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| Cusip: | 47233JHS0
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