Jefferies Financial Group Inc. filed a free writing prospectus on October 30, 2026, describing a term sheet for Market Linked Securities auto-callable with contingent coupon and contingent downside, linked to the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a stated maturity date of November 29, 2030.

Key Highlights

  • Contingent coupon rate: At least 9.20% per annum, to be determined on the pricing date, paid quarterly if the lowest performing index closes at or above its threshold level on the related calculation day.
  • Face amount: $1,000 per security, with denominations of $1,000 and any integral multiple of $1,000.
  • Threshold level: 75% of each index's starting level, serving as the barrier for both contingent coupon payments and principal protection at maturity.
  • Estimated value on pricing date: Approximately $964.40 per security, or within $30.00 of that estimate, according to the filing.
  • Automatic call: Securities may be automatically called on any quarterly calculation day from May 2027 through August 2030 if the lowest performing index closes at or above its starting level.
  • Agent's discount: Up to 2.325%; dealers using the trade name Wells Fargo Advisors may receive a selling concession of up to 1.75%.
  • CUSIP: 47234KGH1; securities will not be listed on any securities exchange.

Structure and Terms of Jefferies' Auto-Callable Linked Securities

According to the filing, Jefferies Financial Group Inc. is the issuer of these Market Linked Securities under Registration Statement No. 333-295759. The pricing date is set for November 30, 2026, and the issue date for December 3, 2026, both subject to change. The calculation agent is Jefferies Financial Services Inc. ("JFSI"), described in the filing as "a wholly owned subsidiary of Jefferies Financial Group Inc." The securities track the lowest performing of three indexes on each quarterly calculation day, with the first calculation day in February 2027 and the final calculation day on November 25, 2030.

The filing states that contingent coupon payments are calculated as ($1,000 x contingent coupon rate) / 4 per security per quarter, and are made only if the closing level of the lowest performing index on the relevant calculation day is greater than or equal to its threshold level. If securities are not called and the ending level of the lowest performing index on the final calculation day falls below the downside threshold level, investors receive $1,000 multiplied by the performance factor of the lowest performing index. The filing notes that under this scenario investors "will lose more than 25%, and possibly all, of the face amount" of their securities at maturity.

The filing discloses that the estimated value of each security on the pricing date, based on Jefferies LLC proprietary pricing models and the issuer's internal funding rate, will be less than the original offering price. Additionally, the filing states that the securities will not be listed on any securities exchange and that the issuer does not expect a trading market for the securities to develop. Selected dealers may also receive a fee of up to 0.20% for marketing and other services, in addition to the agent's discount.

What Was Disclosed

Jefferies Financial Group Inc. disclosed the term sheet for auto-callable, principal-at-risk securities linked to three equity indexes, with a contingent coupon rate of at least 9.20% per annum, an estimated value of approximately $964.40 per security, and a stated maturity date of November 29, 2030.