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Jefferies Financial Group Inc. – ‘FWP’ on 11/3/22 re: Jefferies Financial Group Inc.

On:  Thursday, 11/3/22, at 5:30pm ET   ·   Accession #:  1140361-22-39892   ·   File #:  333-238931

Previous ‘FWP’:  ‘FWP’ on 11/3/22   ·   Next:  ‘FWP’ on 12/2/22   ·   Latest:  ‘FWP’ on 4/11/24   ·   1 Reference:  To:  Jefferies Financial Group Inc. – ‘424B2’ on 11/3/22

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/22  Jefferies Financial Group Inc.    FWP                    1:56K  Jefferies Financial Group Inc.    Broadridge Fin’l So… Inc

Free-Writing Prospectus   —   Rule 163 / 433

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: FWP         Deal 260                                            HTML     42K

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 C: 
Filed pursuant to Rule 433
Registration No. 333-238931
Jefferies Financial Group Inc.
Market Linked Securities

Market Linked Securities—Leveraged Upside Participation to a Cap and Fixed Percentage
Buffered Downside
Principal at Risk Securities Linked to a Basket of Three Technology Sector Stocks due May
 21, 2024
Term Sheet to Preliminary Pricing Supplement dated November 3, 2022

Summary of Terms
Issuer:
Jefferies Financial Group Inc.

Market Measure:
A approximately equally-weighted basket (the “Basket”) comprised of the common stock of Apple Inc. (33.34%), the common stock of Amazon.com, Inc. (33.33%), and the class A common stock of Alphabet Inc. (33.33%) (each, a “Basket component” and together, the “Basket Components”).

Pricing Date*:
November 16, 2022

Issue Date*:
November 21, 2022

Face Amount and
Original Offering Price:
$1,000 per security

Maturity Payment
Amount (per security):
•   if the ending level is greater than the starting level:
$1,000 plus the lesser of: (i) $1,000 × basket return × upside participation rate; and (ii) the maximum return;
•   if the ending level is less than or equal to the starting level, but greater than or equal to the threshold level:
$1,000; or
•    if the ending level is less than the threshold level:
$1,000 + [$1,000 × (basket return + buffer amount)]

Stated Maturity Date*:
May 21, 2024

Starting Level:
100.00

Ending Level:
The product of (i) 100 and (ii) an amount equal to 1 plus the sum of: (A) 33.34% of the component return of Apple Inc.; (B) 33.33% of the component return of Amazon.com, Inc.; and (C) 33.33% of the component return of Alphabet Inc.

Maximum Return:
At least 30.00% of the face amount per security, to be determined on the pricing date

Threshold Level:
90% of the starting price

Buffer Amount:
10%

Upside Participation
Rate:
150%

Basket Return:
(ending level – starting level) / starting level

Component Return:
(final component price - initial component price) / initial component price

Initial Component
Price:
The closing price of a Basket Component on the pricing date

Final Component Price:
The stock closing price (as defined in the pricing supplement) of a Basket Component on the calculation day

Calculation Day*:
May 14, 2024

Calculation Agent:
Jefferies Financial Services Inc. (“JFSI”), a wholly owned subsidiary of Jefferies Financial Group Inc.

Denominations:
$1,000 and any integral multiple of $1,000

Agent Discount**:
Up to 2.475%; dealers, including those using the trade name Wells Fargo Advisors (“WFA”), may receive a selling concession of up to 1.50% and WFS may pay 0.075% of the agent’s discount to WFA as a distribution expense fee

CUSIP:
47233WAE9

Material Tax
Consequences:
See the preliminary pricing supplement.
Hypothetical Payout Profile***
 
***assumes a maximum return equal to the lowest possible maximum return that may be determined on the pricing date.
If the ending level is less than the threshold level, you will have 1-to-1 downside exposure to the decrease in the value of the Basket in excess of the buffer amount and will lose some, and possibly up to 90%, of the face amount of your securities at maturity.
We estimate that the value of each security on the pricing date will be approximately $969.00, or within $30.00 of that estimate.  See “Estimated Value of the Securities” in the accompanying preliminary pricing supplement for more information.

Preliminary Pricing Supplement: https://www.sec.gov/Archives/edgar/data/96223/000114036122039817/brhc10043527_424b2.htm
*subject to change
** In addition, selected dealers may receive a fee of up to 0.15% for marketing and other services
The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities.  See “Selected Risk Considerations” in this term sheet and the accompanying preliminary pricing supplement and “Risk Factors” in the accompanying product supplement.
This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision.
Investors should carefully review the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus before making a decision to invest in the securities.
NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY

1
Selected Risk Considerations
The risks set forth below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement and the “Risk Factors” section in the accompanying product supplement. Please review those risk disclosures carefully.
•
If The Ending Level Is Less Than The Threshold Level, You Will Lose Some, And Possibly Up To 90%, Of The Face Amount Of Your Securities At Maturity.

•
No Periodic Interest Will Be Paid On The Securities.

•
Your Return Will Be Limited To The Maximum Return And May Be Lower Than The Return On A Direct Investment In The Basket Components.

•
Changes in the Price of the Basket Components May Offset Each Other

•
The Stated Maturity Date May Be Postponed If The Calculation Day Is Postponed.

•
The Tax Consequences Of An Investment In Your Securities Are Uncertain.

•
The Securities Are Subject To Our Credit Risk.

•
The Estimated Value Of The Securities On The Pricing Date, Based On Jefferies LLC Proprietary Pricing Models At That Time And Our Internal Funding Rate, Will Be Less Than The Original Offering Price.

•
The Estimated Value Of The Securities Was Determined For Us By Our Subsidiary Using Proprietary Pricing Models.

•
The Estimated Value Of The Securities Would Be Lower If It Were Calculated Based On Our Secondary Market Rate.

•
The Estimated Value Of The Securities Is Not An Indication Of The Price, If Any, At Which Jefferies LLC Or Any Other Person May Be Willing To Buy The Securities From You In The Secondary Market.

•
The Value Of The Securities Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.

•
The Securities Will Not Be Listed On Any Securities Exchange And The Issuer Does Not Expect A Trading Market For The Securities To Develop.

•
The Maturity Payment Amount Will Depend Upon The Performance Of The Basket And Therefore The Securities Are Subject To The Risks Associated With The Basket Components, As Discussed In The Accompanying Pricing Supplement and Product Supplement.

•
An Investment in the Securities is Subject to the Risks Associated With Investing in Stocks in the Technology Sector.

•
Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.

•
The Securities May Become Linked To The Common Stock Of A Company Other Than an Original Underlying Stock Issuer.

•
You Have Limited Anti-dilution Protection.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the issuer, any agent or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling your financial advisor or by calling Jefferies LLC.
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo Finance LLC and Wells Fargo & Company.


2

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘FWP’ Filing    Date    Other Filings
5/21/24
5/14/24
11/21/22
11/16/22
Filed on:11/3/22424B2,  FWP
 List all Filings 

1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/22  Jefferies Financial Group Inc.    424B2                  1:473K                                   Broadridge Fin’l So… Inc
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Filing Submission 0001140361-22-039892   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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