Published on 9/25/2023 in the Prospect News Structured Products Daily.
New Issue: Jefferies prices $15.41 million callable floating-rate notes on SOFR
By Wendy Van Sickle
Columbus, Ohio, Sept. 25 – Jefferies Financial Group Inc. priced $15.41 million of callable floating-rate notes due Sept. 22, 2053 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be SOFR plus 27.5 basis points, payable quarterly. The minimum rate is 0%.
There will be a put option semiannually starting on March 22, 2026 at 97, stepping up to 98 on March 22, 2028 and to par on March 22, 2031.
The payout at maturity will be par.
Jefferies LLC is the agent.
Issuer: | Jefferies Financial Group Inc.
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Issue: | Floating-rate notes
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Amount: | $15,407,000
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Maturity: | Sept. 22, 2053
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Coupon: | SOFR plus 27.5 bps, subject to 0% floor; payable quarterly
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Put option: | Semiannually starting on March 22, 2026 at 97, stepping up to 98 on March 22, 2028 and to par on March 22, 2031
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Price: | Par
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Payout at maturity: | Par plus accrued interest
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Pricing date: | Sept. 29
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Settlement date: | Sept. 22
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Agent: | Jefferies LLC
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Fees: | 1%
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Cusip: | 47233WBZ1
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