Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: Jefferies prices $458,000 capped dual directional notes on Nasdaq
Chicago, April 19 – Jefferies Financial Group Inc. priced $458,000 of 0% capped dual directional notes due Jan. 23, 2026 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the index return, capped at par plus 27.5%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 25%.
Otherwise, investors will lose 1% for every 1% that the index declines.
Jefferies LLC is the agent.
Issuer: | Jefferies Financial Group Inc.
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Issue: | Capped dual directional notes
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Underlying index: | Nasdaq-100 index
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Amount: | $458,000
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Maturity: | Jan. 23, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return, capped at par plus 27.5%; par plus absolute value of index return if index declines by no more than 25%; otherwise, 1% loss for every 1% that index declines
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Initial level: | 17,314
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Threshold level: | 12,985.50, 75% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | Jefferies LLC
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Fees: | 0%
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Cusip: | 47233WCX5
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