New Issue: Jefferies prices $62.33 million floaters linked to SOFR

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $62.33 million of senior floating-rate notes due Oct. 29, 2071, according to a 424B5 filing with the Securities and Exchange Commission.

The interest rate is SOFR minus 10 basis points, subject to a minimum annual interest rate of 0%. Interest is payable quarterly.

Holders may request the issuer to purchase the notes at 98 from Oct. 29, 2023, at 99 from Oct. 29, 2031 and at par starting on Oct. 29, 2046. The repurchase dates occur semiannually.

The payout at maturity will be par.

Jefferies LLC is the agent.

Issuer:	Jefferies Group LLC and Jefferies Group Capital Finance Inc.
Issue:	Senior floating-rate notes
Amount:	$62,325,000
Maturity:	Oct. 29, 2071
Coupon:	SOFR minus 10 bps, subject to minimum of 0% per year; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Put option:	Semiannually at 98 from Oct. 29, 2023, at 99 from Oct. 29, 2031 and at par starting on Oct. 29, 2046
Pricing date:	Oct. 27
Settlement date:	Oct. 29
Agent:	Jefferies LLC
Fees:	$10 per note
Cusip:	47233JGV4

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