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Published on 4/29/2022 in the Prospect News Structured Products Daily.

New Issue: Jefferies sells $682,000 buffered notes linked to Dow

By Kiku Steinfeld

Chicago, April 29 – Jefferies Group LLC and Jefferies Group Capital Finance Inc. priced $682,000 of 0% buffered notes due Sept. 30, 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.
Issue:Buffered notes
Underlying index:Dow Jones industrial average
Amount:$682,000
Maturity:Sept. 30, 2027
Coupon:0%
Price:Par
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%
Initial level:34,299.99
Buffer level:29,154.99, 85% of initial level
Pricing date:Sept. 28
Settlement date:Sept. 30
Agent:Jefferies LLC
Fees:3.5%
Cusip:47233JDW5

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