Every 424B that Jefferies Financial Group (JEF) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow JEF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JEF filings page.
Jefferies Financial Group Inc. is offering $2,755,000 of senior unsecured autocallable contingent coupon barrier notes due January 28, 2031, linked to the worst-performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.
Investors receive a $38 semiannual contingent coupon per $1,000 note only when the worst-performing index is at or above 60% of its initial level on the observation date. The notes can be automatically called from January 2027 if the worst-performing index is at or above its initial level, returning principal plus any due coupon.
If the notes are not called and the worst-performing index finishes below 60% of its initial level at maturity, repayment of principal is reduced one-for-one with the index decline, with up to 100% of principal at risk, and all payments depend on Jefferies’ credit. The issue price is $1,000 per note, with an estimated value of $957.60 and net proceeds of 98% before expenses.
Jefferies Financial Group Inc. is issuing $1,863,000 of Senior Leveraged Barrier Notes maturing January 28, 2031. These unsecured notes pay no interest and are linked to the worst performer of the iShares MSCI Emerging Markets ETF and the Russell 2000 Index.
At maturity, investors receive $1,000 per note plus 148% of any positive performance in the worst-performing underlying, full principal back if that underlying is down but not below 60% of its initial value, and 1% loss of principal for each 1% drop beyond that level, up to a total loss. The estimated value on the pricing date is $937.20 per note versus the $1,000 issue price, with Jefferies receiving approximately $1,807,110 in proceeds before expenses. The notes are not listed, may have limited liquidity, and all payments are subject to Jefferies’ credit risk.
Jefferies Financial Group Inc. is offering $2,000,000 of senior unsecured autocallable barrier notes due January 28, 2030, linked to the worst-performing of the Russell 2000® and S&P 500® indexes. The issue price is $1,000 per Note, with $1,960,000 in proceeds before expenses after a 2.00% underwriting discount.
The Notes can be automatically called each year from January 2027, paying the $1,000 principal plus an annual Call Premium of about 11% (from $110.00 up to $440.00 per Note). If not called, investors receive $1,000 at maturity only if the worst index stays at or above 70% of its initial level.
If the worst-performing index finishes below its 70% Threshold Value, repayment is reduced 1-for-1 with the index decline from its Initial Value, and up to 100% of principal can be lost. The Notes are unsecured, not listed, subject to Jefferies’ credit risk, and their estimated value on the pricing date is $961.40 per Note, below the issue price, reflecting embedded fees, hedging costs and dealer margin.
Jefferies Financial Group Inc. is offering $3,423,000 of Senior Leveraged Barrier Notes maturing on January 28, 2031. These unsecured notes pay no interest and are linked to the worst performer between the Invesco S&P 500 Equal Weight ETF (RSP) and the Russell 2000 Index (RTY).
At maturity, investors receive $1,000 per note plus 136% of any positive return of the worst-performing underlying. If that underlying finishes between 60% and 100% of its initial level, investors simply receive principal back. If it falls below 60%, repayment is reduced one-for-one with the decline, and investors can lose their entire investment. The notes are not listed, carry issuer credit risk, and were initially valued at $936.70 per $1,000 note due to structuring and distribution costs.
Jefferies Financial Group Inc. is issuing $5,138,000 of senior unsecured notes linked to the worst-performing of four large U.S. bank stocks: Bank of America, Citigroup, JPMorgan Chase & Co. and Wells Fargo.
The notes pay a quarterly contingent coupon of $39.50 per $1,000 note only if the worst-performing stock stays at or above a 70% price barrier on each observation date. They are automatically called at par plus coupon if that worst-performing stock is at or above 100% of its initial value on any call date starting July 13, 2026.
At maturity in 2032, holders receive full principal back only if the worst-performing stock is at or above 60% of its initial value; otherwise repayment is reduced 1-to-1 with the stock’s decline, up to total loss. The issue price is $1,000 per note, with an estimated value of $936.20, 3.75% underwriting discounts and $4,945,325 in proceeds to Jefferies before expenses.
Jefferies Financial Group Inc. plans to issue senior unsecured autocallable contingent coupon barrier notes due February 4, 2032, linked to the worst-performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50 indices. Each note has a $1,000 stated principal amount and may pay a monthly contingent coupon of $7.92 if, on the observation date, the worst index is at least 70% of its initial level.
Starting about one year after pricing, the notes are autocallable monthly if the worst index is at or above 100% of its initial level, in which case investors receive principal plus any due coupon and the notes end early. At maturity, if the worst index is at or above 80% of its initial level, principal is repaid; otherwise repayment is reduced 1-for-1 with the index loss, up to a complete loss of principal.
The notes are not listed, all payments depend on Jefferies’ credit, and the estimated value on the pricing date is expected to be about $950 per $1,000 note, reflecting structuring and hedging costs borne by investors, plus an initial temporary pricing adjustment in secondary quotes.
Jefferies Financial Group Inc. is offering senior unsecured market-linked notes tied to the lowest performer of the S&P 500, Russell 2000 and EURO STOXX 50 indices, each with a $1,000 face amount. Investors can receive quarterly contingent coupons at a per‑annum rate of at least 9.75% if the lowest index on each calculation day is at or above 75% of its starting level.
The notes are auto‑callable from July 2026 through October 2029 if the lowest index is at or above its starting level, in which case holders receive the face amount plus a final contingent coupon and the notes terminate early. If the notes are not called and the lowest index finishes below 75% of its starting level at maturity in January 2030, repayment of principal is reduced in line with that decline, and investors can lose most or all of their investment. Jefferies estimates the pricing‑date value at about $961.60 per note, below the $1,000 offering price.
Jefferies Financial Group Inc. is offering senior unsecured autocallable barrier notes due January 28, 2030, linked to the worst-performing of the Russell 2000 Index and the S&P 500 Index. Each note has a $1,000 stated principal amount and may be automatically called on annual observation dates starting in 2027 if the worst-performing index is at or above its initial level, paying back principal plus a call premium that reflects a return of approximately 11.00% per annum. If the notes are not called and, at maturity, the worst-performing index is at or above 70% of its initial value, investors receive full principal back; otherwise, repayment is reduced 1-for-1 with the index decline, up to a total loss of principal. The notes are part of Jefferies’ Series A Global Medium-Term Notes program, have an estimated initial value of approximately $958.40 per note, will not be listed on an exchange, and all payments are subject to Jefferies’ credit risk.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due January 30, 2032, linked to the worst-performing of the Dow Jones Industrial Average, Invesco S&P 500 Equal Weight ETF, Russell 2000 Index and EURO STOXX 50 Index. Each note has a stated principal amount of $1,000 and pays a quarterly contingent coupon of $22.75 only if the worst-performing underlying on the observation date is at or above 75% of its initial value. The notes are automatically called if, beginning about six months after pricing, the worst-performing underlying is at or above 100% of its initial value on a call observation date, in which case investors receive principal plus any due coupon and the notes terminate early. If not called, at maturity investors receive principal back only if the worst-performing underlying is at or above 60% of its initial value; otherwise, repayment is reduced 1-to-1 with the decline in that underlying, up to a total loss of principal. The estimated value on the pricing date is approximately $947.70 per $1,000 note, they will not be listed on an exchange, and proceeds are for general corporate purposes, with detailed risk, valuation and tax disclosures highlighting credit risk, market volatility, limited liquidity and uncertain tax treatment.
Jefferies Financial Group Inc. is issuing $10,771,000 of senior unsecured autocallable contingent coupon barrier notes due January 22, 2031, linked to the worst-performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. Each note has a $1,000 stated principal amount and was priced at 100% of face value, while Jefferies estimates the value on the pricing date at $977.90 per note, reflecting structuring and hedging costs.
The notes pay a quarterly contingent coupon of $21.50 per $1,000 note if, on the observation date, the worst-performing index is at or above its coupon barrier (70% of its initial level). Starting about one year after pricing, the notes are automatically called if the worst-performing index is at or above its initial level, returning principal plus any due coupon and ending further payments.
If the notes are not called, investors receive full principal at maturity only if the worst-performing index is at or above its threshold value (55% of its initial level). Below that threshold, repayment is reduced 1-for-1 with the index decline from its initial level, and up to 100% of principal can be lost. The notes are not listed, all payments are subject to Jefferies’ credit risk, and net proceeds of about $10,771,000 are for general corporate purposes.
Jefferies Financial Group Inc. is issuing $6,977,000 of Senior Autocallable Contingent Coupon Barrier Notes due January 22, 2031, linked to the worst-performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. Each $1,000 note may pay a quarterly contingent coupon of $17.75 if the worst index on the observation date is at or above its coupon barrier, and the notes can be automatically called starting in 2027 if that index is at or above its initial level, returning principal plus any due coupon. If held to maturity and the worst index is at or above 55% of its initial value, investors receive principal back; below this threshold, repayment falls one-for-one with index losses and up to 100% of principal can be lost. Jefferies estimates the value at pricing at $957 per $1,000 note, with proceeds before expenses of $6,837,460 after 2% underwriting fees, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering medium-term, market-linked notes tied to three sector ETFs, maturing in January 2029. Each $1,000 security pays a monthly contingent coupon only if the lowest-performing of the Utilities Select Sector SPDR ETF, SPDR S&P Regional Banking ETF, and SPDR S&P Biotech ETF closes at or above 70% of its starting price on the relevant calculation day. The contingent coupon rate will be set on the pricing date at no less than 13.00% per year.
The notes are auto-callable quarterly from July 2026 through October 2028 if the lowest-performing ETF is at or above its starting price, in which case investors receive the $1,000 face amount plus a final coupon and the notes terminate early. If not called, investors receive $1,000 at maturity only if the lowest-performing ETF on the final calculation day is at or above its 70% threshold; otherwise repayment is reduced in line with that ETF’s decline, with losses of more than 30% and up to 100% of principal possible.
The securities are senior unsecured obligations of Jefferies, subject to its credit risk, are not listed on any exchange, and do not provide dividends from the underlying ETFs. The issuer estimates the value on the pricing date at about $949.30 per note, versus an original offering price of $1,000, reflecting structuring, hedging and distribution costs.
Jefferies Financial Group Inc. is offering medium-term, market-linked notes that can be automatically called and pay a contingent monthly coupon tied to the lowest performing of three ETFs: VanEck Semiconductor (SMH), Health Care Select Sector SPDR (XLV) and Financial Select Sector SPDR (XLF). Each note has a $1,000 face amount, with a contingent coupon rate set on the pricing date at no less than 13.00% per annum, paid only if the worst ETF on the monthly calculation day is at or above 70% of its starting price. If on designated quarterly dates from July 2026 to October 2028 the worst ETF is at or above its starting price, the notes are automatically called at $1,000 plus the coupon. If not called, investors receive $1,000 at maturity in January 2029 only if the worst ETF is at or above 70% of its starting price; otherwise, principal is reduced one-for-one with the decline, potentially to zero. The notes are priced at $1,000, with an estimated initial value of about $954.50 and an agent discount of $23.25 per note, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering senior unsecured leveraged barrier notes due January 28, 2031, linked to the worst-performing of the iShares MSCI Emerging Markets ETF (EEM) and the Russell 2000 Index (RTY). The Notes pay no interest. At maturity, if the worst-performing underlying is above its initial value, holders receive principal plus 148% of that upside. If it is flat or down but not below 60% of its initial value (the Threshold Value), investors receive only their principal back. If it finishes below the 60% threshold, repayment is reduced one-for-one with the decline, and investors can lose up to 100% of principal.
The estimated value on the pricing date is expected to be about $937.20 per $1,000 note, reflecting structuring, hedging and selling costs. The Notes are not listed, may trade at a discount, and all payments depend on Jefferies’ credit. The structure embeds equity, small-cap, emerging-market, currency and tax risks outlined in the risk and tax sections.
Jefferies Financial Group Inc. is offering senior unsecured leveraged barrier notes maturing January 28, 2031, linked to the worst-performing of the Invesco S&P 500® Equal Weight ETF (RSP) and the Russell 2000® Index (RTY). The notes pay no interest and are issued in $1,000 denominations, with an estimated initial value of approximately $940.30 per note.
At maturity, if the worst-performing underlying is above its initial value, investors receive principal plus 136% of that upside. If it is at or below its initial value but at or above 60% of its initial value, investors receive only the $1,000 principal. If it finishes below 60% of its initial value, repayment is reduced 1% for each 1% decline, and investors can lose their entire investment. Payments depend on Jefferies’ credit, there is no listing, secondary liquidity may be limited, and the tax treatment is complex and uncertain.
Jefferies Financial Group Inc. is offering senior unsecured fixed-rate notes that pay 5.00% annual interest, with semi-annual payments each January and July starting July 31, 2026. The notes are scheduled to mature on January 31, 2032, but Jefferies can redeem them, in whole or in part, on the last calendar day of each January and July from January 31, 2027 through July 31, 2031 at 100% of principal plus accrued interest.
Interest is calculated on a 30/360 (ISDA) day-count basis. The notes will be issued in book-entry form in U.S. dollars, will not be listed on any securities exchange, and secondary market liquidity may be limited. Proceeds are intended for general corporate purposes. All payments are subject to Jefferies’ credit risk, and early redemption could force investors to reinvest at lower rates.
Jefferies LLC, a wholly owned subsidiary, will act as agent and may also act as principal, with the offering conducted under FINRA Rule 5121 due to the conflict of interest. An initial temporary upward valuation adjustment will appear on Jefferies account statements and amortize to zero over time.
Jefferies Financial Group Inc. is offering senior fixed-rate 15-year callable notes due January 31, 2041. The notes pay a fixed 6.00% annual interest rate from the original issue date of January 30, 2026 to, but excluding, maturity, with interest paid semi-annually on the last calendar day of January and July, starting July 31, 2026.
Jefferies may redeem the notes, in whole or in part, at 100% of principal plus accrued interest on the last calendar day of January and July, from January 31, 2027 through July 31, 2040, on at least 5 business days’ notice. The notes are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt.
The notes will not be listed on any securities exchange, so liquidity may be limited. Jefferies LLC, an affiliate and FINRA member, acts as agent and may be deemed an underwriter, and the use of proceeds is for general corporate purposes. All payments are subject to Jefferies’ credit risk, and the pricing supplement highlights structure, market, liquidity and tax risks for investors.
Jefferies Financial Group Inc. is offering senior unsecured fixed-rate 30-year step-up callable notes due January 30, 2056. The notes pay interest annually at 6.00% from the original issue date on January 30, 2026 to, but excluding, January 30, 2036, and 7.00% from January 30, 2036 to, but excluding, the maturity date.
Jefferies may, at its option, redeem the notes in whole or in part at 100% of principal plus accrued interest on each January 30 from 2036 through 2055, after giving at least five business days’ notice. All payments are subject to the credit risk of Jefferies Financial Group Inc.
The notes will be issued in U.S. dollars in book-entry form through DTC, will not be listed on any securities exchange, and secondary market liquidity may be limited. Initial secondary prices are expected to reflect underwriting compensation and hedging-related amounts, with a temporary upward valuation adjustment that declines to zero over an initial period. Net proceeds are intended for general corporate purposes.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes maturing on January 28, 2031, issued at $1,000 per Note under its medium-term note program. The Notes are linked to the worst-performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, so all payments depend on the weakest index, not an average.
Investors may receive a contingent coupon of $38 per Note semiannually if, on a Coupon Observation Date, the worst-performing index is at or above 60% of its initial level. The Notes are subject to automatic call starting in 2027 if the worst-performing index is at or above 100% of its initial level, in which case holders receive principal plus any due coupon and the Notes terminate early.
If the Notes are not called and, at maturity, the worst-performing index is at or above 60% of its initial level, holders receive their $1,000 principal per Note (plus any final coupon, if due). If it is below 60%, repayment is reduced on a 1-to-1 basis with index loss, up to a total loss of principal. The estimated value on the pricing date is approximately $957.60 per Note, reflecting issuance, structuring and hedging costs. All payments are subject to Jefferies’ credit risk and the Notes will not be listed on any exchange.
Jefferies Financial Group Inc. is offering $11,789,000 of Senior Fixed Rate 6 Year Callable Notes due January 20, 2032. The notes pay fixed interest of 5.00% per year from January 20, 2026 to, but excluding, January 20, 2032, with interest paid semi-annually each January 20 and July 20.
Jefferies may redeem the notes, in whole or in part, at 100% of principal plus accrued interest on any optional redemption date starting January 20, 2027 through July 20, 2031, which could shorten the investment period and force reinvestment at lower rates. The notes are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt, and all payments depend on the company’s credit. Before expenses, Jefferies expects proceeds of $11,730,055 after underwriting discounts.
Jefferies Financial Group Inc. is issuing $4,311,000 of Senior Fixed Rate 15 Year Callable Notes due January 20, 2041. The notes pay a fixed 6.00% annual interest rate, with interest accruing from January 20, 2026 and paid each January 20, starting in 2027.
Jefferies may redeem the notes, in whole or in part, at 100% of principal plus accrued interest on any optional redemption date, which falls on January 20 each year from 2027 through 2040. The notes are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt.
The public offering price is 100% of principal, with underwriting discounts and commissions of 1.50%, resulting in $4,246,335 in proceeds to Jefferies before expenses. Key risks highlighted include call risk, potential price declines in the secondary market, limited liquidity, and full exposure to Jefferies’ credit risk.
Jefferies Financial Group Inc. is offering $4,163,000 of senior fixed rate 30-year callable notes due January 20, 2056. The notes pay fixed interest of 6.25% per year from January 20, 2026 to, but excluding, maturity, with interest paid semi-annually on January 20 and July 20, starting July 20, 2026, using a 30/360 (ISDA) day-count convention.
Jefferies may redeem the notes, in whole or in part, at 100% of principal plus accrued interest on any January 20 or July 20 from January 20, 2031 through July 20, 2055, which could end interest payments earlier than the stated maturity. The notes are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt, will not be listed on any exchange, and may have limited secondary market liquidity.
The public offering price is 100% of principal ($1,000 per note), with underwriting discounts and commissions of 2.00%, providing Jefferies approximately $4,079,740 in gross proceeds before expenses for general corporate purposes.
Jefferies Financial Group Inc. is issuing $1,500,000,000 of 5.500% Senior Notes due 2036. The notes mature on February 15, 2036, pay 5.500% interest per year, and pay interest in cash semi-annually on February 15 and August 15, beginning August 15, 2026. They are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt and are effectively subordinated to all liabilities of its subsidiaries.
The notes were priced at 99.193% of principal with a 0.450% underwriting discount, providing proceeds before expenses of $1,481,145,000 and estimated net proceeds of about $1,480,595,000 for general corporate purposes. Jefferies may redeem the notes at a make-whole premium before November 15, 2035 and at par thereafter, and may also redeem upon certain tax events. The company intends to list the notes on the NYSE and expects trading to begin within 30 days of the January 16, 2026 issue date.
Jefferies Financial Group Inc. is offering $5,138,000 of Senior Autocallable Contingent Coupon Barrier Notes due January 16, 2032, issued at $1,000 per note under its medium-term note program. The notes are linked to the worst-performing of Bank of America, Citigroup, JPMorgan Chase and Wells Fargo common stocks. Investors may receive a quarterly contingent coupon of $39.50 per note only if the worst performer is at or above its coupon barrier (70% of its initial value). The notes can be automatically called starting in July 2026 if the worst performer is at or above its initial value, returning principal plus that period’s coupon. If not called, principal is fully protected only if the worst performer is at or above its 60% threshold at maturity; otherwise, repayment is reduced 1-for-1 with the stock decline, up to a total loss. The estimated value on the pricing date is $936.20 per note, below the issue price, and Jefferies expects net proceeds of $4,945,325 before expenses.
Jefferies Financial Group Inc. is offering senior unsecured autocallable barrier notes maturing on February 4, 2030, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each Note has a $1,000 stated principal amount and may be automatically called semiannually starting in 2027 if the worst-performing index is at or above its initial level.
If called, investors receive $1,000 plus a fixed Call Premium, ranging from $120 to $480 per Note (about 12% per annum). If not called, full principal is repaid at maturity only if the worst-performing index is at or above 70% of its initial level; otherwise, repayment is reduced 1-for-1 with the index decline, with up to 100% loss of principal.
The estimated value on the pricing date is approximately $961.70 per Note, below the $1,000 issue price, reflecting selling, structuring and hedging costs. The Notes are not listed, all payments are subject to Jefferies’ credit risk, proceeds are for general corporate purposes, and Jefferies affiliates act as distributor, hedger and calculation agent, creating potential conflicts of interest.
Jefferies Financial Group Inc. is offering senior unsecured autocallable barrier notes due February 4, 2030, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each note has a $1,000 stated principal amount, with an issue price of $1,000 and an estimated value on the pricing date of approximately $983.40 per note, reflecting built-in fees and hedging costs.
The notes can be automatically called every six months starting February 2027 if the worst-performing index is at or above its initial level, paying back principal plus a call premium that equates to roughly 14% per annum. If not called and, at maturity, the worst-performing index is at least 70% of its initial level, investors receive principal back; below that 70% threshold, repayment is reduced 1-to-1 with the index decline, exposing investors to up to a total loss of principal.
The product does not pay dividends and all cash flows depend on Jefferies’ credit. The notes will not be listed on any exchange, secondary liquidity may be limited, and Jefferies and its affiliates may hedge and make markets in ways that affect secondary prices. The filing also highlights complex U.S. tax treatment and the preliminary nature of certain 2025 financial figures referenced in the recent developments section.
Jefferies Financial Group is offering senior unsecured autocallable contingent coupon barrier notes due February 4, 2031, linked to the worst-performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index. Each note has a $1,000 stated principal amount and pays a quarterly contingent coupon of $21.50 only if the worst-performing index on the observation date is at or above 70% of its initial level.
The notes can be automatically called quarterly starting in 2027 if the worst-performing index is at or above 100% of its initial level, in which case investors receive principal plus any due coupon and the product terminates early. If not called, and at maturity the worst-performing index is at or above 55% of its initial level, investors receive full principal; if it is below 55%, repayment is reduced 1:1 with the index decline, with up to 100% of principal at risk. Jefferies estimates the initial value at approximately $978 per note, reflecting issuance, structuring and hedging costs, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due February 4, 2031, linked to the worst-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. Each note has a $1,000 stated principal amount and pays a quarterly contingent coupon of $17.75 per note if the worst index is at or above 70% of its initial level on the observation date.
Beginning about one year after pricing, the notes are automatically called if the worst index is at or above 100% of its initial level on a call observation date, returning principal plus any due coupon. If not called, at maturity investors receive $1,000 only if the worst index is at or above 55% of its initial level; below that, repayment is reduced 1-to-1 with index losses and up to the entire principal can be lost. The estimated value on the pricing date is approximately $956.90 per $1,000 note, they are not listed on an exchange, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. plans a new offering of senior unsecured notes under its existing shelf registration. The notes will pay cash interest semi-annually at a fixed rate to be set at pricing, and will mature on a specified future date. They will be issued in minimum denominations of $2,000 and integral multiples of $1,000 and are expected to settle on a T+3 basis through DTC, with clearance also available via Euroclear and Clearstream.
The notes will rank equally with Jefferies’ other senior unsecured debt and be effectively subordinated to liabilities of its subsidiaries. Jefferies may redeem the notes before maturity, including a make‑whole call before a defined par call date and par redemption after that date, and may also redeem upon certain tax events. The company intends to use the net proceeds for general corporate purposes and to apply to list the notes on the NYSE, though an active trading market is not assured. The indenture contains limited covenants and does not restrict additional debt incurrence.
Jefferies Financial Group Inc. is offering $5,658,000 of Senior Autocallable Contingent Coupon Barrier Notes due January 11, 2029, issued at $1,000 per note as senior unsecured debt. The notes are linked to the worst-performing of the SPDR S&P Regional Banking ETF (KRE) and the S&P 500 Index (SPX), with initial values of $68.08 for KRE and 6,921.46 for the SPX.
Investors receive a contingent coupon of $9.50 per note on monthly dates only if the worst-performing underlying on the relevant observation date is at or above its coupon barrier, set at 70% of its initial value ($47.66 for KRE and 4,845.02 for the SPX). The notes are automatically called, starting about one year after pricing, if the worst-performing underlying is at or above its call value (100% of its initial value). If not called, at maturity holders receive full principal only if the worst-performing underlying finishes at or above its 70% threshold; otherwise repayment is reduced one-for-one with the decline and up to 100% of principal can be lost.
The notes are not listed, all payments depend on Jefferies’ credit, and the estimated value on the pricing date is $977.20 per note, below the $1,000 issue price, reflecting structuring and hedging costs. The supplement also highlights significant market, correlation, liquidity and tax risks, including complex U.S. federal income tax treatment.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due January 30, 2032, linked to the worst-performing of the S&P 500 Index, Russell 2000 Index and Dow Jones Industrial Average. Each note has a $1,000 stated principal amount and pays a quarterly contingent coupon of $25.00 if, on the observation date, the worst-performing index is at or above 75% of its initial level.
The notes can be automatically called starting in January 2027 if the worst-performing index is at or above 100% of its initial level on a call observation date, in which case investors receive $1,000 plus any due coupon, and the notes terminate early. If the notes are not called and, at maturity, the worst-performing index is at or above 75% of its initial level, investors receive $1,000 per note (plus the final coupon if conditions are met. If it is below 75%, repayment is reduced 1-to-1 with the index decline, up to a total loss of principal.
The notes are not listed, are subject to Jefferies’ credit risk, and have an estimated value on the pricing date of approximately $976.20 per note, below the $1,000 issue price.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes maturing January 16, 2032, issued under its Series A global medium-term note program. The notes are linked to the worst-performing of Bank of America, Citigroup, JPMorgan Chase and Wells Fargo common stocks.
Holders receive a contingent coupon of $39.50 per $1,000 note on each quarterly observation date only if the worst-performing stock is at or above 70% of its initial level. Starting about six months after pricing, the notes are automatically called if the worst-performing stock is at or above 100% of its initial level, returning principal plus any due coupon, with no further payments.
If the notes are not called and the final level of the worst-performing stock is at or above 60% of its initial value, investors receive full principal back (plus the final coupon if the 70% barrier is met). If it finishes below 60%, repayment is reduced 1-for-1 with the stock’s decline from its initial level, up to a total loss of principal. All payments depend on Jefferies’ credit, and the estimated value on the pricing date is approximately $938 per $1,000 note, reflecting fees, hedging costs and Jefferies’ internal funding rate.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon buffered notes due January 30, 2031, linked to the worst-performing of the VanEck Gold Miners ETF (GDX) and the S&P 500 Index (SPX). Each note has a $1,000 stated principal amount and pays a $25.00 contingent quarterly coupon (2.50% of principal per period) only if, on the relevant observation date, the worst-performing underlying is at or above 70% of its initial value.
Starting in January 2027, the notes are automatically called if the worst-performing underlying is at or above 100% of its initial value, returning principal plus any due coupon, with no further payments. If not called, at maturity investors receive full principal back only if the worst-performing underlying is at or above 80% of its initial value; otherwise, repayment is reduced 1-for-1 below that threshold, with up to 80% of principal at risk.
All payments are subject to Jefferies’ credit risk, and the notes are not listed on any exchange. The estimated value on the pricing date is approximately $934.30 per note, reflecting issuance, structuring, hedging costs and internal funding rates, and may be lower than secondary market prices. The filing highlights market, liquidity, underlying, conflict-of-interest and tax uncertainties, including potential application of constructive ownership rules.
Jefferies Financial Group Inc. is offering senior leveraged barrier notes maturing January 30, 2031, linked to the worst-performing of the Dow Jones Industrial Average and the S&P 500 Index. Each note has a $1,000 stated principal amount and pays no periodic interest. At maturity, if the worst-performing index is above its initial level, investors receive $1,000 plus 112% of that index’s gain. If the worst-performing index is flat or down but not below 60% of its initial level, investors receive only the $1,000 principal. If it finishes below 60% of its initial level, repayment is reduced one-for-one with the index loss and investors can lose up to their entire investment. The notes are senior unsecured obligations of Jefferies, are not listed on any exchange, and have an estimated initial value of approximately $946.80 per $1,000, reflecting embedded fees and hedging costs.
Jefferies Financial Group Inc. is offering Senior Autocallable Contingent Coupon Barrier Notes due January 30, 2032, linked to the worst-performing of the SPDR S&P Regional Banking ETF (KRE) and the S&P 500 Index (SPX). Each Note has a $1,000 stated principal amount and may pay a quarterly $25 contingent coupon if, on the relevant observation date, the worst-performing underlying is at or above 70% of its initial value. The Notes are automatically called beginning in 2027 if the worst-performing underlying is at or above 100% of its initial value, paying back principal plus any due coupon. If the Notes are not called and the final value of the worst-performing underlying is below 70% of its initial value, investors are exposed 1-to-1 to the decline and can lose up to all principal. Jefferies estimates the value on the pricing date at approximately $937.70 per Note, and the Notes will not be listed on any exchange and carry Jefferies’ senior unsecured credit risk.
Jefferies Financial Group Inc. is offering senior unsecured autocallable barrier notes due January 31, 2029, issued in $1,000 denominations and linked to the worst-performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index. The notes may be automatically called quarterly beginning January 28, 2027 if the worst-performing index is at or above its initial level, paying back principal plus a call premium that reflects a return of approximately 10% per annum (from $100 on the first call date up to $300 on the final call date).
If the notes are not called, investors receive principal at maturity only if the worst-performing index is at or above 60% of its initial level; otherwise, repayment is reduced 1-for-1 with the index decline, with up to a total loss of principal. The indicative estimated value on the pricing date is about $952.40 per note. The notes are senior unsecured obligations of Jefferies, are not listed on any exchange, and carry significant market, credit, valuation, liquidity and tax risks highlighted in the risk factors.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due January 30, 2032, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each note has a stated principal amount of $1,000.
The notes can pay a monthly contingent coupon of $7.50 per note if, on a coupon observation date, the worst-performing index is at or above 75% of its initial level. Starting about one year after pricing, the notes are autocallable if the worst-performing index is at or above 100% of its initial level, in which case holders receive the $1,000 principal plus any due coupon and the notes terminate early.
At maturity, if not called, holders receive $1,000 per note only if the worst-performing index is at or above 75% of its initial level; otherwise repayment is reduced 1-for-1 with the index decline, putting up to 100% of principal at risk. The estimated value on the pricing date is approximately $950.30 per $1,000 note, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due January 30, 2032, linked to the worst-performing of the Nasdaq-100 Index®, the Russell 2000® Index and the EURO STOXX 50® Index. Each note has a $1,000 stated principal amount and is issued at $1,000.
Investors may receive monthly contingent coupons of $8.125 per note, but only if on each observation date the worst-performing index is at or above 75% of its initial value (the coupon barrier. Beginning about one year after pricing, the notes are automatically called if the worst-performing index is at or above 100% of its initial value, paying back principal plus any due coupon and ending the investment.
If the notes are not called, at maturity investors receive the full principal only if the worst-performing index is at or above 80% of its initial value (the threshold value; otherwise, repayment is reduced 1-to-1 with the index decline, up to a total loss of principal. The estimated value on the pricing date is approximately $947.10 per note, and proceeds are for general corporate purposes. The notes are subject to Jefferies’ credit risk, will not be listed, and involve complex market, valuation, conflict of interest and tax risks.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes maturing on January 30, 2032. Each note has a $1,000 stated principal amount and is linked to the worst-performing of the Russell 2000® Index and the EURO STOXX 50® Index.
Investors may receive a contingent quarterly coupon of $21.50 per note if, on the related observation date, the worst-performing index is at or above its coupon barrier of 75% of its initial value. Starting about one year after pricing, the notes are autocallable if the worst-performing index is at or above 100% of its initial value, in which case investors receive principal plus any due coupon and the notes terminate early.
If the notes are not called and, at maturity, the worst-performing index is at or above 75% of its initial value, investors receive back principal (plus a final coupon if the barrier is met). If it is below 75%, repayment is reduced on a 1-to-1 basis with index decline, and investors can lose up to their entire principal. Jefferies estimates the initial value of each note at about $947.30, below the $1,000 issue price, reflecting fees, hedging costs and dealer compensation. The notes are not listed, subject to Jefferies’ credit risk, and may have limited or no secondary market liquidity.
Jefferies Financial Group Inc. is offering senior autocallable contingent coupon barrier notes linked to the worst-performing of the Nasdaq-100 Index and the Russell 2000 Index, maturing on January 30, 2032. Each $1,000 note pays a quarterly contingent coupon of $21.25 (2.125%) only if, on the observation date, the worst-performing index is at or above 75% of its initial level. Starting about one year after pricing, the notes are automatically called if the worst-performing index is at or above 100% of its initial level, returning principal plus any due coupon, with no further payments.
At maturity, if the notes have not been called and the worst-performing index is at or above 75% of its initial value, investors receive back the $1,000 principal (plus the final contingent coupon if the barrier condition is met). If it is below 75%, repayment is reduced 1-for-1 with the index decline, and investors can lose up to their entire investment. The notes are unsecured senior obligations subject to Jefferies’ credit risk, are not listed on any exchange, and carry an estimated value on the pricing date of approximately $947.80 per note, below the $1,000 issue price due to embedded costs and dealer compensation.
Jefferies Financial Group Inc. is offering $14,351,000 of senior unsecured medium-term notes linked to the lowest performing of the S&P 500 Index, Russell 2000 Index and Dow Jones Industrial Average, due December 28, 2029. Each security has a $1,000 face amount and pays a 10.00% per annum contingent coupon quarterly only if the lowest performing index on the relevant calculation day is at or above its threshold level, set at 75% of its starting level.
From September 2026 to September 2029, the notes are auto-callable at par plus a final coupon if the lowest performing index is at or above its starting level on any quarterly calculation day. If the notes are not called and, on the final calculation day, the lowest performing index is below its threshold level, investors lose more than 25% and up to all of their principal, with maturity payment equal to $1,000 times that index’s performance factor.
The notes do not participate in any index upside or dividends and all payments depend solely on the lowest performing index and Jefferies’ credit. The estimated value on the pricing date is $978.20 per $1,000 note, reflecting structuring and hedging costs. The securities will not be listed on any exchange and are designed to be held to maturity.
Jefferies Financial Group Inc. is issuing S&P 500®-linked medium-term notes that are auto-callable and expose investors to contingent downside risk. Each security has a $1,000 face amount, no periodic interest, and can be automatically called on January 5, 2027 if the Index closing level is at or above the starting level of 6,896.24, paying back principal plus a 9.10% call premium ($91 per $1,000).
If not called, at maturity on January 5, 2029 investors receive: leveraged upside of 125% of any Index gains; full return of face amount if the Index decline does not exceed 25% (threshold level 5,172.18); or 1-for-1 loss beyond that threshold, up to a total loss of principal. The total offering is $5,004,000, with proceeds to the issuer of $4,875,147, and Jefferies estimates the initial value at $972.00 per $1,000 note, reflecting selling, structuring and hedging costs. The notes are unsecured, subject to Jefferies’ credit risk, not listed on an exchange, and carry complex tax and valuation considerations.
Jefferies Financial Group Inc. is issuing $3,190,000 of Senior Autocallable Contingent Coupon Barrier Notes due January 3, 2031, as part of its Series A global medium-term notes program. Each note has a $1,000 stated principal amount and is linked to the worst-performing of the S&P 500 Index, Russell 2000 Index and Dow Jones Industrial Average.
The notes pay a quarterly contingent coupon of $18.75 only if the worst index is at or above its coupon barrier, set at 70% of its initial level. Beginning in December 2026, the notes are automatically called if the worst index is at or above its initial value, returning principal plus any due coupon. If held to maturity and the worst index is at or above 55% of its initial value, investors receive full principal; below that level, repayment is reduced 1-to-1 with the index decline, up to a total loss of principal. The notes are senior unsecured obligations, not listed on any exchange, have an estimated initial value of $961 per note, and provide Jefferies with $3,126,200 in proceeds before expenses, after a 2.00% underwriting discount.
Jefferies Financial Group Inc. is offering Senior Autocallable Contingent Coupon Barrier Notes due January 22, 2031, linked to the worst-performing of the S&P 500® Index, the Russell 2000® Index and the Dow Jones Industrial Average®. Each Note has a $1,000 stated principal amount and an issue price of $1,000, with an estimated value on the pricing date of approximately $958.00.
Investors may receive quarterly contingent coupon payments of $17.75 per Note if, on a coupon observation date, the worst-performing index is at or above 70% of its initial value. Starting about one year after pricing, the Notes are automatically called if the worst-performing index is at or above 100% of its initial value, returning principal plus any due coupon.
If the Notes are not called, at maturity investors receive full principal only if the worst-performing index is at or above 55% of its initial value; otherwise, repayment is reduced 1‑for‑1 with the index decline and up to 100% of principal is at risk. Payments depend on Jefferies’ credit and the Notes are unsecured and not listed on any exchange.
Jefferies Financial Group Inc. is offering senior unsecured structured notes linked to the worst-performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes, part of its Series A global medium-term notes program, pay a contingent coupon of $21.50 per $1,000 note each quarter if the worst-performing index is at or above 70% of its initial level on the observation date. Starting in January 2027, the notes are autocallable if that worst index is at or above 100% of its initial level, in which case investors receive $1,000 plus any due coupon and the notes terminate early. If held to the January 22, 2031 maturity and the worst index is below 55% of its initial level, repayment of principal is reduced 1-to‑1 with the decline, and up to the entire principal can be lost. Jefferies estimates the initial economic value at about $979 per $1,000 note, reflecting structuring and hedging costs, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering $9,356,000 of senior autocallable contingent coupon barrier notes linked to the worst-performing of the S&P 500, Russell 2000 and Dow Jones Industrial Average. The notes pay a quarterly contingent coupon of $22.50 per $1,000 note only if, on each observation date, the worst-performing index is at or above its coupon barrier, set at 70% of its initial level. Starting about one year after pricing, the notes will be automatically called if the worst-performing index is at or above its initial level, returning principal plus any due coupon, and ending the investment early.
If the notes are not called, investors receive full principal at maturity only if the worst-performing index is at or above its threshold value, set at 55% of its initial level; otherwise repayment is reduced one-for-one with the index decline, up to a complete loss of principal. The notes are unsecured senior obligations of Jefferies, are not listed on an exchange, and had an estimated value on the pricing date of $981.90 per $1,000 note, reflecting issuance, structuring and hedging costs.
Jefferies Financial Group Inc. is issuing $447,000 of Senior Autocallable Barrier Notes due January 3, 2029, as unsecured senior debt under its medium-term note program. The notes are linked to the worst-performing of the Russell 2000, Nasdaq‑100 and Dow Jones Industrial Average and can be automatically called quarterly starting December 29, 2026 if that worst index is at or above its initial level.
If called, investors receive $1,000 principal plus a call premium that implies about 11.00% per annum, with scheduled call payments ranging from $1,110 to $1,330 per note. If not called, and at maturity the worst index is at least 60% of its initial level, principal is repaid; otherwise investors have 1‑for‑1 downside exposure and can lose up to their entire investment.
The issue price is $1,000 per note, with an estimated value on the pricing date of $960.50. Underwriting discounts are 3.00%, so Jefferies expects gross proceeds of $433,590 before expenses. The notes are subject to Jefferies’ credit risk, will not be listed on any exchange, and may have limited secondary market liquidity.
Jefferies Financial Group Inc. is offering $1,729,000 of Senior Leveraged Barrier Notes due January 2, 2031, linked to the worst-performing of the S&P 500 Index and the Dow Jones Industrial Average. The notes pay no interest and return depends solely on the index with the lower return. At maturity, if that index is above its initial level, investors receive the $1,000 stated principal per note plus 118% of its gain. If it is at or above 60% of its initial level, investors receive only principal back. If it falls below 60% of its initial level, repayment is reduced 1% for each 1% decline, up to a total loss of principal.
The notes are senior unsecured obligations of Jefferies, subject to its credit risk, are not listed on any exchange, and may have limited liquidity. The issue price is $1,000 per note, with an estimated initial value of $946.30, reflecting selling costs, hedging costs, and dealer profit. Underwriting discounts are 3.75%, with 96.25% of proceeds to Jefferies before expenses.
Jefferies Financial Group Inc. is offering $50,000 of senior unsecured autocallable notes linked to the worst-performing of the VanEck Semiconductor ETF (SMH) and the S&P 500 Index. The notes pay a quarterly contingent coupon of $28.75 per $1,000 note only when the worst-performing underlying is at or above a barrier set at 70% of its initial level. Beginning in late 2026, the notes can be automatically called each quarter if the worst-performing underlying is at or above its initial level, returning principal plus that period’s coupon. If the notes are not called and the worst-performing underlying finishes below its 70% threshold at maturity in 2031, investors face 1-to-1 downside and can lose up to their entire principal. Jefferies estimates the initial fair value at $946.80 per note, below the $1,000 issue price, reflecting fees, hedging costs and dealer compensation.
Jefferies Financial Group Inc. is issuing $205,000 of Senior Autocallable Contingent Coupon Barrier Notes due December 31, 2031, as part of its Series A Global Medium‑Term Notes program. Each note has a $1,000 principal amount and pays a quarterly contingent coupon of $27.50 only if the worst-performing of the SPDR S&P Regional Banking ETF (KRE) and the S&P 500 Index (SPX) is at or above a preset barrier level.
The notes are automatically called, returning principal plus any due coupon, if on any quarterly call date (starting in late 2026) the worst-performing underlying is at or above its initial level. If the notes are not called and, at maturity, the worst-performing underlying is at or above 70% of its initial value, investors receive full principal; if it is below 70%, repayment is reduced 1‑for‑1 with the decline, up to a complete loss of principal.
The notes are senior unsecured obligations of Jefferies, are not listed on an exchange, and all payments depend on Jefferies’ credit. The issue price is $1,000 per note, with an estimated value of $949.30 and underwriting discounts of 3.50%, resulting in 96.50% of proceeds to Jefferies before expenses.