Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: Jefferies prices $706,000 capped buffered leveraged notes linked to Dow
By William Gullotti
Buffalo, N.Y., Aug. 30 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $706,000 of 0% senior capped buffered leveraged notes due June 22, 2026 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 1.25 times the index return, subject to a maximum payout of par plus 35%.
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: | Senior capped buffered leveraged notes
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Underlying index: | Dow Jones Industrial average
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Amount: | $706,000
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Maturity: | June 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at par plus 35%; par if index declines by up to 15%; otherwise, 1% loss for each 1% index decline beyond 15%
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Initial level: | 33,290.08
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Buffer level: | 28,296.57; 85% of initial level
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Pricing date: | June 18
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Settlement date: | June 23
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Agent: | Jefferies LLC
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Fees: | 3%
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Cusip: | 47233JFB9
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