By Wendy Van Sickle
Columbus, Ohio, Sept. 18 – Jefferies Financial Group Inc. priced $5.6 million of callable floating-to-fixed-rate notes due Aug. 31, 2028 linked to the one-year U.S. Dollar SOFR ICE Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be the one-year U.S. Dollar SOFR ICE Swap rate plus 110 basis points until Aug. 31, 2025, payable quarterly. The minimum rate is 0%.
After that, there will be a 7% fixed coupon.
The notes will be callable annually on Aug. 31 starting in 2025 at par.
The payout at maturity will be par.
Jefferies LLC is the agent.
| Issuer: | Jefferies Financial Group Inc.
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| Issue: | Callable floating- to fixed-rate notes
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| Amount: | $5,600,000
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| Maturity: | Aug. 31, 2028
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| Coupon: | One-year U.S. Dollar SOFR ICE swap rate plus 110 bps, subject to 0% floor until Aug. 31, 2025; 7% fixed rate thereafter; payable quarterly
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| Call: | Annually on Aug. 31 starting in 2025 at par
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| Price: | Par
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| Payout at maturity: | Par plus accrued interest
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Agent: | Jefferies LLC
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| Fees: | 0.5%
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| Cusip: | 47233WBS7
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