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 $4,147,000 of Senior Autocallable Contingent Coupon Barrier Notes due November 25, 2031, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each Note has a $1,000 principal amount and is issued at 100% of that amount.
Investors receive a monthly contingent coupon of $7.9167 per $1,000 Note when the worst-performing index on the observation date 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.
If not called, at maturity investors receive full principal only if the worst-performing index is at or above its 75% threshold; below that, repayment is reduced 1-to-1 with the index decline, up to a total loss. The Notes are senior unsecured obligations, not listed on any exchange, carry Jefferies’ credit and market risk, and have an estimated initial value of $942.00 per $1,000 Note. Underwriting discounts are 3.55%, with $3,999,781.50 in gross proceeds to Jefferies before expenses.
Jefferies Financial Group Inc. is offering $5,250,000 of Senior Autocallable Contingent Coupon Barrier Notes due November 22, 2030, linked to the worst-performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50 indexes. Each $1,000 Note can pay a $27.00 contingent quarterly coupon if the worst index is at or above its coupon barrier (65% of its initial level) on the observation date, implying a 2.70% quarterly return when paid.
The Notes may be automatically called quarterly starting May 2026 if the worst index is at or above 100% of its initial level, returning principal plus any due coupon. If not called, and at maturity the worst index is at or above 60% of its initial level, investors receive full principal; below 60%, repayment is reduced 1-to-1 with the index decline, up to total loss of principal. The estimated value on the pricing date is $974.00 per Note versus the $1,000 issue price, and all payments depend on Jefferies’ credit.
Jefferies Financial Group Inc. is offering $6,133,000 of Senior Fixed Rate 10 Year Callable Notes due November 25, 2035. The notes pay a fixed 5.50% annual interest rate, accruing from November 25, 2025 with semi-annual payments each May 25 and November 25, starting May 25, 2026.
Jefferies may redeem the notes, in whole or in part, at 100% of principal plus accrued interest on each Optional Redemption Date, which falls on May 25 and November 25 from November 25, 2027 through May 25, 2035. The notes are senior unsecured obligations ranking equally with Jefferies’ other senior unsecured debt and all payments are subject to its credit risk.
The public offering price is $1,000 per note, with a 1.00% underwriting discount. Proceeds to Jefferies before expenses are $6,071,670. The notes will not be listed on any securities exchange, so liquidity may be limited and secondary prices may be below the original issue price, especially given embedded commissions, hedging costs and a temporary initial valuation adjustment. Jefferies LLC, an affiliate, acts as Agent, creating a conflict of interest under FINRA Rule 5121.
Jefferies Financial Group Inc. is offering senior unsecured autocallable contingent coupon barrier notes due November 25, 2031, 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 and pays a monthly contingent coupon of $7.9167 only when the worst-performing index on a coupon observation date is at or above 75% of its initial level.
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 on a call observation date, returning principal plus any due coupon. If the notes are not called and, at maturity, the worst-performing index is at or above 75% of its initial value, investors receive full principal back (plus any final coupon). 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 subject to Jefferies’ credit risk, are not listed on an exchange, and may have limited secondary liquidity. The estimated value on the pricing date is approximately $945 per $1,000 note, reflecting structuring and hedging costs. The filing highlights complex tax treatment, valuation model risks and potential conflicts of interest from Jefferies affiliates acting as distributor, hedging counterparties and calculation agent.
Jefferies Financial Group Inc. filed a preliminary 424(b)(2) pricing supplement for Senior Autocallable Contingent Coupon (With Memory) Barrier Notes due October 25, 2027, linked to the worst-performing of lululemon athletica inc. (LULU) and United Parcel Service, Inc. Class B (UPS).
Each Note has a $1,000 stated principal amount and pays a quarterly $49.50 contingent coupon (with memory) if, on the observation date, the worst-performing underlying is at or above its Coupon Barrier (60% of Initial Value). The Notes are autocallable quarterly starting around one year after pricing if the worst-performing underlying is at or above its Call Value (100% of Initial Value).
At maturity, if not called, holders receive the principal back if the worst-performing underlying is at or above its Threshold Value (60% of Initial Value); otherwise, repayment is reduced 1-to-1 with the decline from Initial Value, up to total loss. The estimated value on the pricing date is approximately $985.20 per Note. Use of proceeds is for general corporate purposes; there is no listing. A conflict of interest applies under FINRA Rule 5121. All payments are subject to Jefferies’ credit risk.
Jefferies Financial Group Inc. (JEF) launched a preliminary 424(b)(2) for Senior Autocallable Contingent Coupon Barrier Notes due October 17, 2030, linked to the worst-performing of the Utilities Select Sector SPDR (XLU), the EURO STOXX 50 (SX5E) and the S&P 500 (SPX). Each Note is issued at $1,000 and pays a $27.50 contingent quarterly coupon if, on a Coupon Observation Date, the worst underlying is at or above its Coupon Barrier of 70% of its Initial Value.
The Notes are autocallable if, on any Call Observation Date starting July 14, 2026, the worst underlying is at or above 100% of its Initial Value; if called, holders receive the $1,000 principal plus the due coupon. If not called, at maturity investors receive $1,000 if the worst underlying is at or above its 70% Threshold Value; otherwise, repayment is reduced 1-to-1 with the decline from Initial Value, up to full loss. Estimated value on the Pricing Date is approximately $982 per Note. Use of proceeds is for general corporate purposes. The Notes are senior unsecured obligations, not listed, and the distribution is subject to FINRA Rule 5121. All payments are subject to Jefferies’ credit risk.
Jefferies Financial Group Inc. is offering senior unsecured contingent coupon notes with a Stated Principal Amount of $1,000 per note that mature on October 17, 2031. The notes pay a quarterly Contingent Coupon Payment of $25.00 if the observation value of the worst-performing underlying on each coupon observation date is at or above its coupon barrier, and may be automatically called beginning about one year after pricing if the call condition is met. At maturity, if the final value of the worst-performing underlying is below its threshold value, investors face 1-to-1 downside exposure, with up to 100.00% of principal at risk. The estimated value on the pricing date was ~$934.20 per note (within $30.00), meaning the issue price equals par while the issuer’s internal valuation is materially lower. Payments depend only on discrete observation dates and are subject to the issuer’s credit risk, limited secondary-market liquidity, model-valuation assumptions, and potential conflicts of interest arising from related-party roles in distribution, calculation and hedging.
Jefferies Financial Group Inc. is offering $9,250,000 aggregate principal of senior, unsecured autocallable contingent coupon notes due October 8, 2030 linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100. Each Note has a $1,000 stated principal amount and was issued at 100.00% of par; Jefferies discloses an estimated initial value of $984.60 per Note, reflecting issuance costs and embedded hedging and distribution fees. The Notes pay a quarterly contingent coupon (a single-period coupon = $22.625) subject to a memory feature and are automatically callable beginning approximately two years after issuance if the worst-performing underlying equals or exceeds its call value on a call observation date. At maturity, holders receive par if the worst-performing underlying is at or above its threshold (75% barrier); otherwise they bear 1:1 downside exposure to that underlying and may lose up to 100% of principal. All payments are subject to Jefferies' credit risk. The supplement also includes Jefferies' preliminary fiscal Q3 2025 results: $224M net income for the quarter and $440M net income year-to-date (nine months), which are presented as management estimates.
Jefferies Financial Group Inc. is offering senior unsecured notes with a Stated Principal Amount of $1,000 per note, an Issue Price of 100% and an estimated value on the Pricing Date of approximately $949.70 (within $30.00). The notes pay a monthly contingent coupon of $8.125 per note when the Worst-Performing Underlying is at or above its Coupon Barrier on a Coupon Observation Date, and may be automatically called beginning about one year after pricing if the Worst-Performing Underlying meets its Call Value. At maturity on October 31, 2031, investors receive the Stated Principal Amount if the Final Value of the Worst-Performing Underlying is at or above its Threshold Value; otherwise they suffer 1-to-1 downside exposure to the Worst-Performing Underlying, risking up to 100% of principal.
The Notes reference three indices (Nasdaq-100, Russell 2000, EURO STOXX 50) and are linked to the single worst-performing index. Payments depend solely on Observation and Valuation Values on specified dates; all payments are subject to Jefferies' credit risk. The document discloses preliminary Jefferies Q3 FY2025 results: $224M net income for the three months ended August 31, 2025 and several segment revenue figures (e.g., Investment Banking net revenues of $1.1B).
Jefferies Financial Group Inc. is offering senior unsecured callable structured notes linked to multiple indices with a Stated Principal Amount of $1,000 per note and maturity on October 31, 2031. Each note pays a contingent monthly coupon of $7.25 if the worst-performing underlying on the monthly observation date is at or above its coupon barrier, and the notes are automatically callable beginning roughly one year after issuance if the worst-performing underlying meets its call value. At maturity, investors receive the stated principal if the final value of the worst-performing underlying is at or above its threshold; otherwise they have 1-to-1 downside exposure to losses in that underlying, potentially losing up to 100% of principal. The preliminary estimated value per note is approximately $948.50 (±$30.00), reflecting issuance costs, hedging charges and dealer spreads. All payments are subject to Jefferies' credit risk and model- and liquidity-related secondary-market limitations.
Jefferies Financial Group Inc. is offering senior unsecured contingent coupon notes linked to three underlyings: the VanEck Semiconductor ETF (SMH), the Russell 2000 Index (RTY) and the Nasdaq-100 Index (NDX). The offering size is $4,154,000 in aggregate principal and each Note has a $1,000 stated principal amount. The Notes pay a monthly contingent coupon of $12.1667 if the Worst-Performing Underlying meets its coupon barrier on observation dates and may be autocallable beginning roughly six months after pricing. If not called, at maturity on April 8, 2031 investors receive the Stated Principal if the Worst-Performing Underlying is at or above its threshold; otherwise investors suffer 1-to-1 downside exposure, with up to 100% of principal at risk. The Issue Price is 100% and the issuer estimates the value per Note at $977.10, reflecting fees, hedging and distribution costs. All payments are subject to Jefferies’ credit risk and secondary market liquidity may be limited.
Jefferies Financial Group Inc. priced a series of senior unsecured contingent coupon notes with an aggregate principal amount of $6,387,000 and a stated principal amount of $1,000 per note. The notes carry monthly observation dates for contingent coupons and potential automatic calls beginning about six months after pricing. Each contingent coupon equals $12.2083 when the Worst-Performing Underlying meets its coupon barrier on a Coupon Observation Date. The issue price is 100% and Jefferies estimates the initial value at $977.10 per note, reflecting issuance and hedging costs borne by investors. The notes mature on October 8, 2031 and expose holders to 1:1 downside on the Worst-Performing Underlying below its threshold, with up to 100% of principal at risk. Underlyings are SMH (VanEck Semiconductor ETF), RTY (Russell 2000 Index) and NDX (Nasdaq-100 Index); payments depend solely on the Worst-Performing Underlying.
Jefferies Financial Group Inc. is offering senior unsecured callable notes with an Aggregate Principal Amount of $7,992,000 and a Stated Principal Amount of $1,000 per Note. The Notes pay a quarterly Contingent Coupon of $20.25 when the worst-performing underlying (SPX, RTY or INDU) on a Coupon Observation Date is at or above its Coupon Barrier (70% of initial). The Notes may be automatically called beginning roughly one year after issuance if the worst-performing underlying meets its Call Value. At maturity on October 8, 2030, investors receive 1-to-1 downside in the worst-performing underlying below the Threshold Value (55% of initial), risking up to 100% principal loss.
The Issue Price is 100% and Jefferies estimates an initial per-Note value of $972.80, reflecting issuance, structuring and hedging costs. All payments are subject to Jefferies' credit risk and the offering includes distribution-related conflicts of interest.
Jefferies Financial Group Inc. is offering senior unsecured notes with an Aggregate Principal Amount of $4,637,000 that mature on October 8, 2030. Each Note has a Stated Principal Amount of $1,000, an Issue Price of 100% and an estimated initial value of $953.00 per Note. The Notes pay a contingent quarterly coupon of $16.75 per Note when the Observation Value of the worst-performing underlying is at or above its Coupon Barrier, and may be automatically called beginning about one year after issuance if the worst-performing underlying meets its Call Value.
At maturity, if the Final Value of the worst-performing underlying is at or above its Threshold Value (set at 55% of its Initial Value), you receive the Stated Principal Amount; otherwise you suffer 1-for-1 downside to the worst-performing underlying (up to 100% loss). The underlyings are the SPX, RTY and INDU with specified Initial Values and Coupon/Threshold levels. All payments are subject to Jefferies’ credit risk and the Notes are not exchange-listed.
Jefferies Financial Group Inc. is offering senior unsecured structured notes with an aggregate principal amount of $2,019,000, issued in denomination of $1,000 per Note at an Issue Price equal to 100% of stated principal. The Notes mature on October 8, 2029 and include an early automatic call feature beginning about one year after pricing with scheduled Call Payments of $1,105, $1,210, $1,315 and $1,420 on successive annual Call Payment Dates. If not called, holders have 1:1 downside exposure to the Worst-Performing Underlying (the lesser of RTY and SPX), and a Final Value below 75% of Initial Value would produce a Payment at Maturity that is proportionally reduced (potentially resulting in loss of most or all principal). The Notes were priced with an estimated value of $984.50 per Note on the Pricing Date, reflecting distribution, structuring and hedging costs. All payments are subject to Jefferies’ credit risk and the Calculation Agent is an affiliate, creating potential conflicts and model-dependency in valuation.
Jefferies Financial Group Inc. is offering senior unsecured, structured notes with a Stated Principal Amount of $1,000 per note and an estimated value on pricing of approximately $975.80 (±$30.00). The notes pay a monthly Contingent Coupon of $12.2083 when the worst-performing underlying meets its coupon barrier on a coupon observation date and may be automatically called beginning about six months after pricing if the worst-performing underlying reaches its call value. At maturity on October 15, 2031, holders receive the stated principal if the worst-performing underlying is at or above its threshold; otherwise maturity payment exposes holders to 1:1 downside with up to 100% of principal at risk.
The notes reference three underlyings (an ETF and two indices) and are linked to the worst-performing underlying, so appreciation in better-performing underlyings does not offset losses. All payments are subject to Jefferies’ credit risk. The preliminary pricing supplement discloses Jefferies’ preliminary financial highlights and explains valuation methodology, secondary market limitations, model and tax uncertainties, and sector- and index-specific risks (including concentration in semiconductors and small-cap and non-U.S. exposures).
Jefferies Financial Group Inc. is offering senior unsecured notes that mature on October 31, 2030 with a $1,000 stated principal amount per note. The notes pay monthly contingent coupons of $9.6667 when the worst-performing underlying meets its coupon barrier on each monthly observation and are subject to an automatic call feature beginning roughly one year after issuance.
If the notes are not called, the payment at maturity depends solely on the final value of the worst-performing underlying: holders receive the full stated principal only if that underlying is at or above its threshold; otherwise they suffer 1-to-1 downside exposure and may lose up to 80% of principal. The estimated initial value is approximately $946.50 per note (within $30.00) and payments are subject to Jefferies’ credit risk and various model, market‑liquidity and tax uncertainties.
Jefferies Financial Group Inc. is offering senior, unsecured structured notes maturing on October 31, 2030 with a Stated Principal Amount of $1,000 per note and an Issue Price equal to 100% of the stated amount. The notes pay no periodic interest and return either the principal or an adjusted principal at maturity linked to the worst-performing of two equity indices: the S&P 500 and the Dow Jones Industrial Average. If the worst-performing underlying is higher at the valuation date, investors receive the stated principal plus 110.00% of the upside; if it falls below 60% of its initial value 40% decline), investors lose 1% of principal for each 1% decline, risking up to a full loss. Jefferies estimates the note's value on pricing at approximately $950.90 (within $30.00), reflecting issuance, distribution and hedging costs. All payments are subject to Jefferies' credit risk. The offering is distributed by Jefferies LLC and subject to FINRA Rule 5121 conflict-of-interest provisions. Recent preliminary results show Q3 FY2025 net income of $224 million and income before taxes of $332 million for the quarter ended August 31, 2025.
Jefferies Financial Group Inc. is offering senior unsecured contingent coupon notes tied to the SPDR S&P Regional Banking ETF (KRE) and the S&P 500 Index (SPX) with a Stated Principal Amount of $1,000 per note and a scheduled maturity of October 31, 2030. Each quarterly contingent coupon equals $25.00 if the worst-performing underlying meets its coupon barrier on the quarterly observation date. The notes are callable beginning approximately one year after issuance and pay the stated principal at maturity only if the worst-performing underlying is at or above its threshold; otherwise holders face 1:1 downside to the worst-performing underlying (up to 100% principal at risk). The Issue Price equals 100% ($1,000) but Jefferies estimates initial value at approximately $940.40 (+- $30.00), reflecting distribution and hedging costs. All payments are subject to Jefferies’ credit risk. Preliminary Jefferies results for the three months ended August 31, 2025 report $224M net income and $332M income before taxes.
Jefferies Financial Group Inc. is offering senior unsecured notes maturing on October 31, 2030 with a $1,000 stated principal per note and an issue price equal to par. The notes pay a contingent quarterly coupon of $19.25 when the worst-performing underlying meets its coupon barrier, may be automatically called beginning about one year after pricing, and return the stated principal at maturity only if the worst-performing underlying is at or above its threshold; otherwise investors suffer 1:1 downside to the worst-performing underlying.
The preliminary estimated value on the pricing date is approximately $953.00 per note (about 4.7% below issue price), reflecting selling, structuring and hedging costs. All payments are subject to Jefferies' credit risk, secondary market liquidity may be limited, and tax treatment is uncertain with possible withholding for non-U.S. holders.
Jefferies Financial Group Inc. is offering senior unsecured notes with a Stated Principal Amount of $1,000 per note, an Issue Price equal to 100% of stated principal and an estimated initial value of approximately $949.80 (±$30.00). The notes mature on October 31, 2031 and pay a contingent quarterly coupon of $21.25 per note when the worst-performing underlying meets its coupon barrier; automatic early call is possible if call conditions are met beginning ~one year after pricing. At maturity, if the worst-performing underlying is below its threshold, investors face 1:1 downside to the worst-performing underlying, potentially losing up to 100% of principal. All payments are subject to Jefferies' credit risk. The supplement also discloses preliminary fiscal Q3 2025 results: Net Income $224M and Income Before Taxes $332M for the three months ended August 31, 2025.
Jefferies Financial Group Inc. is offering senior unsecured notes that mature on October 31, 2031 with a Stated Principal Amount of $1,000 per Note and an Issue Price equal to 100% of that amount. The Notes pay a Contingent Coupon Payment of $21.25 on each quarterly Coupon Payment Date only if the Observation Value of the Worst-Performing Underlying is at or above its Coupon Barrier on the applicable Coupon Observation Date. The Notes are automatically callable beginning approximately one year after issuance if the Worst-Performing Underlying meets its Call Value on a Call Observation Date. At maturity investors either receive the Stated Principal Amount or suffer 1-to-1 downside exposure to the Worst-Performing Underlying, meaning up to 100.00% of principal may be lost. Jefferies estimates the value of each Note on pricing at approximately $952.70, reflecting issuance, distribution and hedging costs, and notes that secondary market prices may be lower and liquidity limited.
Jefferies Financial Group Inc. is offering senior autocallable contingent coupon notes due October 8, 2030 linked to the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100. Each Note has a $1,000 stated principal amount and an estimated initial value of approximately $984.40 (within $30.00) reflecting issuance and hedging costs borne by investors. Quarterly observation and coupon dates begin in January 2026, and the Notes become first callable roughly two years after pricing if the worst-performing underlying meets its call threshold on a call observation date. If not called, at maturity holders receive the stated principal only if the final value of the worst-performing underlying is at or above its 75% threshold; otherwise investors suffer 1-for-1 downside exposure and may lose up to 100% of principal. Coupon payments are contingent and have a "with memory" feature that accumulates unpaid coupons subject to later performance. All payments are unsecured obligations of Jefferies and subject to issuer credit risk.
Jefferies Financial Group Inc. filed a preliminary 424(b)(5) for senior unsecured Autocallable Contingent Coupon Barrier Notes due April 8, 2031, linked to the worst-performing of the VanEck Semiconductor ETF (SMH), the Russell 2000 Index (RTY) and the Nasdaq‑100 Index (NDX).
Each note has a $1,000 Issue Price and Stated Principal Amount and pays a contingent coupon of $12.1667 on monthly dates only if the worst-performing underlying is at or above its 75% Coupon Barrier. The notes are autocallable monthly starting April 6, 2026 if the worst-performing underlying is at or above its 100% Call Value. At maturity, repayment of principal requires the worst-performing underlying to be at or above its 60% Threshold Value; otherwise, losses match downside 1‑to‑1.
The estimated value on the Pricing Date is approximately $980.50 per note (within $30.00 of that estimate). Use of proceeds is for general corporate purposes. The notes rank equally with other senior unsecured debt, are not listed, and all payments are subject to Jefferies’ credit risk. Jefferies LLC will participate in distribution subject to FINRA Rule 5121.
Jefferies Financial Group is offering structured notes with a $1,000 face amount per security that pay no interest and are linked to an equally weighted Basket of Microsoft (33.34%), NVIDIA (33.33%) and Amazon (33.33%). If the Basket ends above the 100.00 starting level, holders receive the face amount plus 125% of the Basket gain subject to a capped upside of at least 29.40% (minimum maturity payment $1,294). If the Basket falls but not more than the 15% buffer, holders get the face amount back at maturity. If the Basket falls below the 85% threshold, holders bear 1-to-1 losses beyond the buffer and could lose up to 85% of principal. The securities have an estimated value at pricing of approximately $961.50, are unsecured obligations of Jefferies and carry the issuer’s credit risk. They are not listed and are designed to be held to maturity.
Jefferies Financial Group Inc. is issuing senior unsecured structured notes with an Aggregate Principal Amount of $9,090,000, a Stated Principal Amount of $1,000 per note and an Issue Price of 100%. The notes mature on October 3, 2031 and pay a monthly contingent coupon of $8.334 per note if the worst-performing underlying on each Coupon Observation Date is at or above its Coupon Barrier. The notes are automatically callable beginning about one year after pricing if the worst-performing underlying is at or above its Call Value; called notes receive a Call Payment and no further payments.
At maturity, if the Final Value of the worst-performing underlying is below its Threshold Value you face 1-to-1 downside in the underlying (up to a 100% principal loss); if it is at or above the Threshold Value you receive the Stated Principal Amount. Jefferies estimated the value of each note at $957.00 on the Pricing Date, below the Issue Price, and discloses that all payments are subject to Jefferies' credit risk.
Jefferies Financial Group Inc. is offering senior unsecured securities linked to an equally weighted basket of Lockheed Martin (LMT), Northrop Grumman (NOC) and RTX (RTX). Each security has a $1,000 face amount, does not pay periodic interest or dividends and is repayable in cash at maturity on October 20, 2028. If the Basket increases, holders receive the face amount plus 100% participation up to a capped upside of at least 36.00% (maximum maturity payment at least $1,360). If the Basket decreases, investors have 1-to-1 exposure to the first 10% decline and may lose up to $100 (receive minimum $900). Jefferies estimates the securities' value at approximately $954.30 on the pricing date; all payments are subject to Jefferies' credit risk.
Jefferies Financial Group Inc. is offering senior unsecured callable notes with a $1,000 Stated Principal Amount per note that will mature on October 22, 2029. The Issue Price is 100% of principal and Jefferies estimates the initial value at approximately $984.20 (plus or minus $30.00). The notes include annual Call Observation Dates beginning about one year after pricing and scheduled Call Payments of $1,103, $1,206, $1,309 and $1,412 if the Worst-Performing Underlying meets its Call Value on the applicable date. If the notes are not called, holders have 1-to-1 downside exposure to the Worst-Performing Underlying and could lose up to 100% of principal; Payment at Maturity will be less than 75% of principal given the stated trigger.
The notes reference the Russell 2000 and S&P 500 indices (price return), are subject to Jefferies' credit risk, and will be delivered in book-entry form through DTC on or about October 22, 2025. The preliminary pricing supplement discloses retention of distribution fees (up to $8.00 per note) and describes model-based valuation, limited secondary-market liquidity, potential conflicts of interest, and uncertain U.S. tax treatment.
Jefferies Financial Group Inc. is offering structured, senior unsecured notes with a Stated Principal Amount of $1,000 per Note and an Issue Price equal to 100%. The Notes mature on October 22, 2029 and include an automatic call feature on four annual Call Observation Dates with specified Call Payments of $1,088.50, $1,177.00, $1,265.50 and $1,354.00 respectively. Jefferies estimates the Notes' value on the Pricing Date at approximately $964.40 ("within $30.00 of that estimate"), meaning the estimated value is less than the Issue Price because issuance, distribution and hedging costs are included in the Issue Price. If not called, payments at maturity are linked 1:1 to the Final Value of the Worst-Performing Underlying (losses occur for declines below Initial Value), and the document notes that a Final Value below 75% of Initial Value implies the Payment at Maturity will be less than 75% of principal. All payments are subject to Jefferies' credit risk, and the Notes will not be listed on any exchange.
Jefferies Financial Group Inc. is offering senior unsecured, callable structured notes maturing October 22, 2030 with a $1,000 Stated Principal Amount per Note and an estimated value on the Pricing Date of approximately $976.20 (within $30.00). The Notes pay a quarterly Contingent Coupon Payment of $20.625 if the Observation Value of the Worst-Performing Underlying meets its Coupon Barrier on each Coupon Observation Date and may be automatically called beginning approximately one year after pricing if the Worst-Performing Underlying meets its Call Value. At maturity holders receive the Stated Principal Amount only if the Worst-Performing Underlying is at or above its Threshold Value; otherwise holders suffer 1-to-1 downside exposure and may lose up to 100% of principal. All payments are subject to Jefferies' credit risk and the Notes will not be listed.
Jefferies Financial Group Inc. is offering senior unsecured, callable contingent‑coupon notes with a Stated Principal Amount of $1,000 per Note that mature on October 22, 2030. The Notes pay a quarterly Contingent Coupon Payment of $17.125 per Note only if the Observation Value of the Worst‑Performing Underlying on the applicable Coupon Observation Date is at or above its Coupon Barrier. The Notes may be automatically called beginning about one year after issuance if the Worst‑Performing Underlying meets its Call Value on a Call Observation Date.
Payments at maturity depend solely on the Worst‑Performing Underlying (the S&P 500, Russell 2000, or Dow Jones Industrial Average). If the Final Value of that Worst‑Performing Underlying is below its Threshold Value, holders suffer 1:1 downside exposure and may lose up to 100% of principal. Issue Price equals 100% of principal; Jefferies estimates the Notes' model value at approximately $957.20 per Note (±$30). All payments are subject to Jefferies' credit risk and limited secondary market liquidity.
Jefferies Financial Group Inc. is offering senior unsecured structured notes with an Aggregate Principal Amount of $835,000 that mature on October 3, 2030. Each Note has a Stated Principal Amount of $1,000, an Issue Price of 100%, and an estimated value on the Pricing Date of $946.00 per Note. The Notes reference three underlyings — the EEM, RSP and RTY — and are linked to the worst-performing underlying. Notes pay a quarterly contingent coupon of $19.375 if the worst-performing underlying on a Coupon Observation Date is at or above its coupon barrier, and are automatically callable beginning ~one year after issuance if the worst-performing underlying meets its call value. At maturity, if the final value of the worst-performing underlying is below the Threshold Value (70% of initial), investors suffer 1:1 downside exposure and may lose up to 100% of principal. All payments are subject to Jefferies' credit risk.
Jefferies Financial Group Inc. is offering senior unsecured notes with an Aggregate Principal Amount of $5,000,000 comprised of $1,000 Stated Principal Amount notes. The Pricing Date is September 30, 2025 and the Notes will be delivered on or about October 3, 2025 with a maturity on October 3, 2031. Each Note pays a Contingent Coupon Payment of $12.25 on applicable Coupon Payment Dates provided the Observation Value of the Worst-Performing Underlying meets or exceeds its Coupon Barrier, and the Notes may be automatically called if the Worst-Performing Underlying meets or exceeds its Call Value on a Call Observation Date. At maturity, if the Worst-Performing Underlying is at or above its Threshold Value you receive the Stated Principal Amount; otherwise you have 1:1 downside exposure to the Worst-Performing Underlying with up to 100.00% of principal at risk. The Issue Price equals 100% of Stated Principal Amount; Jefferies estimates the value per Note on the Pricing Date at $980.00, and proceeds to Jefferies before expenses are stated as $4,970,000. All payments are subject to Jefferies' credit risk.
Jefferies Financial Group Inc. is issuing senior unsecured structured notes with an aggregate principal amount of $9,090,000 that will be delivered in book-entry form through The Depository Trust Company on or about October 3, 2025 and mature on October 3, 2031. Each Note has a $1,000 stated principal amount and an Issue Price equal to 100% of stated principal. The Notes pay monthly contingent coupons of $7.50 per Note when the Observation Value of the Worst-Performing Underlying is at or above its Coupon Barrier, are automatically callable beginning about one year after pricing if the Worst-Performing Underlying meets the Call Value on a Call Observation Date, and at maturity pay the Stated Principal Amount if the Final Value of the Worst-Performing Underlying is at or above its Threshold Value; otherwise holders have 1-for-1 downside exposure to the Worst-Performing Underlying.
Jefferies discloses an estimated value of $957.00 per Note on the Pricing Date (less than the Issue Price) based on proprietary models, and warns all payments are subject to Jefferies' credit risk. The Notes reference the Nasdaq-100 (NDX), Russell 2000 (RTY) and EURO STOXX 50 (SX5E) indices as Underlyings, and the pricing supplement includes detailed coupon, call, observation and valuation schedules, model assumptions, hedging and tax treatment disclosures.
Jefferies Financial Group Inc. is offering Auto-Callable, NASDAQ-100 Index-linked securities with a $1,000 face amount per security and an original offering price of $1,000. The securities pay no interest or dividends and may be automatically called on one of four call dates; each call pays the face amount plus a fixed call premium that accrues at approximately 8.20% per annum on a simple (non-compounding) basis. If not called, the maturity payoff depends on the Index level on the final calculation day: investors are protected for declines up to a 10% buffer, but face 1-to-1 downside beyond that and could lose up to 90% of face amount.
The pricing date was September 30, 2025, issue date October 3, 2025, and Jefferies estimates the securities' value on the pricing date at $966.00 per security, reflecting issuance, structuring and hedging costs borne by investors. All payments are subject to Jefferies' credit risk. The supplement includes tax, model-valuation, market‑making and index‑maintenance disclosures and summarizes preliminary Jefferies fiscal Q3 2025 results including $224 million net income for the quarter (preliminary).
Jefferies Financial Group Inc. has filed a preliminary pricing supplement for Senior Fixed Rate 10 Year Callable Notes due October 20, 2035. The document supplements the May 12, 2023 prospectus and specifies that the notes are subject to issuer credit risk, optional issuer redemption on scheduled Optional Redemption Dates, and a 30/360 (ISDA) day-count convention. The pricing supplement explains a Temporary Adjustment Period during which brokerage account valuations may include an upfront upward adjustment for commissions, hedging costs and projected profits that will amortize to zero on a straight-line basis.
The supplement includes preliminary Jefferies fiscal third quarter and nine-month results through August 31, 2025 (e.g., three-month Investment Banking net revenues $1.1 billion; net income $224 million; nine-month Investment Banking net revenues $2.6 billion; net income $440 million). It discloses distribution mechanics via Jefferies LLC, potential commissions/discounts, Material U.S. federal tax treatment per Sidley Austin LLP, and extensive jurisdictional selling restrictions and conflict-of-interest disclosures including FINRA Rule 5121 procedures.
Jefferies Financial Group Inc. is offering medium-term notes linked to the lowest performing of the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV). The securities pay a quarterly contingent coupon only if the lowest performing Market Measure on each calculation day is at least 70% of its starting price; the contingent coupon rate will be set on the pricing date and will be at least 12.40% per annum. The notes may be automatically called on quarterly calculation days from April 2026 through July 2028 if the lowest performing Market Measure is at or above its starting price, in which case holders receive face amount plus a final contingent coupon. If not called, maturity is October 27, 2028, and holders receive the face amount only if the lowest performing Market Measure at final calculation is at or above 70% of its starting price; otherwise holders suffer a loss equal to the decline in that Market Measure 30% or total loss). Issue date is November 5, 2025; original offering price $1,000; estimated value at pricing date approximately $949.90. All payments are subject to Jefferies' credit risk; calculation agent is Jefferies Financial Services Inc.
Jefferies Financial Group Inc. is offering senior unsecured notes maturing October 3, 2030, with a stated principal amount of $1,000 per note and an issue price equal to 100% of stated principal. The notes pay a quarterly Contingent Coupon Payment of $19.375 when the Observation Value of the worst-performing underlying on a Coupon Observation Date is at or above its Coupon Barrier and are automatically callable beginning roughly one year after pricing if the worst-performing underlying meets or exceeds its Call Value on a Call Observation Date. At maturity, if the final value of the worst-performing underlying is below its Threshold Value, holders suffer 1:1 downside exposure and may lose up to 100% of principal. All payments are subject to Jefferies' credit risk. Jefferies estimates the value on pricing at approximately $946.00 per note, or within $30.00 of that estimate.
Jefferies Financial Group Inc. is offering senior unsecured, non-interest-bearing notes linked to the iShares Bitcoin Trust ETF (ticker IBIT) that mature on July 18, 2028. Each note has a $1,000 stated principal amount and an issue price of 100% with an estimated initial value of approximately $945. At maturity investors receive the stated principal plus 200.00% of the Underlyings upside subject to a maximum payment of $1,900.00 per note. The notes include a 20% buffer: if the Final Value falls below 80% of the Initial Value investors lose 1% for each 1% decline below that buffer (up to an 80% loss). All payments are subject to Jefferies credit risk and the notes may have limited secondary market liquidity.
Jefferies Financial Group Inc. is issuing $1,762,000 of senior unsecured notes linked to the Russell 2000 (RTY) and EURO STOXX 50 (SX5E). Each Note has a $1,000 Stated Principal Amount, an Issue Price equal to 100% and an estimated value on the Pricing Date of $948.20 per Note. The Notes mature on August 29, 2031, pay a contingent quarterly coupon of $21.875 per Note when the Worst-Performing Underlying is at or above its Coupon Barrier, and may be automatically called beginning roughly one year after issuance. At maturity, if the Worst-Performing Underlying is below its Threshold (75% of Initial Value), investors suffer 1-for-1 downside to the underlying and may lose up to 100% of principal.