Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: Jefferies sells $3.21 million buffered notes linked to Dow
By Wendy Van Sickle
Columbus, Ohio, July 14 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $3.21 million of 0% buffered notes due May 28, 2027 tied to the Dow Jones Industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the index return.
If the index finishes below its initial level but at or above 85% of its initial level, the payout will be par. Investors will lose 1% for each 1% index decline beyond 15%.
Jefferies LLC is the agent.
Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc.
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Issue: | Buffered notes
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Underlying index: | Dow Jones Industrial average
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Amount: | $3,214,000
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Maturity: | May 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index declines by up to 15%; otherwise, 1% loss for each 1% index decline beyond 15%
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Initial level: | 34,323.05
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Buffer level: | 29,174.59, 85% of initial level
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Pricing date: | May 26
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Settlement date: | May 28
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Agent: | Jefferies LLC
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Fees: | 4%
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Cusip: | 47233JEZ7
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