杰弗里金融集团股份有限公司美股招股说明书(2025-06-02版)

Prospectus Supplement dated May 12, 2023 and Prospectus dated May 12, 2023)Jefferies Financial Group Inc.Medium-Term Notes, Series AEquity Linked Securities Market Linked Securities—Leveraged Upside Participationto a Cap and Fixed Percentage Buffered DownsidePrincipal at Risk Securities Linked to a Basket of Three Financial Sector Stocksdue July 1, 2027 ■Linked to an approximately equally-weighted Basket comprised of the common stock of JPMorgan Chase & Co. (33.34%);the common stock of The Goldman Sachs Group, Inc. (33.33%); and the common stock of Morgan Stanley (33.33%).■Unlike ordinary debt securities, the securities do not pay interest or repay a fixed amount of principal at maturity. Instead, the percentage increase in the value of the Basket from the starting level, subject to a maximum return at maturity of atleast 28.75% (to be determined on the pricing date) of the face amount. As a result of the maximum return, the face amount■If the value of the Basket decreases by more than the buffer amount, you will receive less than the face amount andhave 1-to-1 downside exposure to the decrease in the value of the Basket in excess of the buffer amount■Investors may lose up to 85% of the face amount ■All payments on the securities are subject to our credit risk, and you will have no ability to pursue the Underlying StockIssuer of any Basket Component for payment; if we default on our obligations under the securities, you could lose some orall of your investment■No periodic interest payments or dividends We estimate that the value of each security on the pricing date will be approximately $948.00, or within $30.00 of that estimate.Our estimate of the value of thesecurities as determined on the pricing date will be set forth in the final pricing supplement. See “Estimated Value of the Securities” in this pricingThe securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See“Selected Risk Considerations” beginning on page PRS-9 herein and “Risk Factors” beginning on page PS-5 of the accompanying product supplement.The securities are senior unsecured obligations of Jefferies Financial Group Inc. and, accordingly, all payments are subject to our credit risk. If we default on Per Security$1,000.00Total(1)Jefferies LLC and Wells Fargo Securities, LLC are the agents for the distribution of the securities and are acting as principal.See “Terms of the Securities—Agents” and“Estimated Value of the Securities” in this pricing supplement for further information.(2)In respect of certain securities sold in this offering,Jefferies LLC, the broker-dealer subsidiary of Jefferies Financial Group Inc.,may pay a fee of up to $1.00 per security toselected securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities dealers.Jefferies Ending Level:common stock of JPMorgan Chase & Co.; (B) 33.33% of the component return of the common stock of TheGoldman Sachs Group, Inc.; and (C) 33.33% of the component return of the common stock of Morgan Stanley. The calculation day is subject to postponement due to non-trading days and the occurrence of a market disruptionevent. In addition, the stated maturity date will be postponed if the calculation day is postponed and will beadjusted for non-business days. You should read this pricing supplement together with product supplement No. 2 dated June 30, 2023, the prospectus supplement dated May12, 2023 and the prospectus dated May 12, 2023 for additional information about the securities. Information included in this pricing information. Certain defined terms used but not defined herein have the meanings set forth in the product supplement, prospectus supplementor prospectus. The face amount of each security is $1,000.The original issue price will equal 100% of the face amount per security.This price includescosts associated with issuing, selling, structuring and hedging the securities, which are borne by you, and, consequently, the estimated value will be approximately $948.00, or within $30.00 of that estimate.Our estimate of the value of the securities as determined on the pricing datewill be set forth in the final pricing supplement. under the new model may differ significantly from those under the older model.Further, model changes may cause a larger impact on the The securities are not appropriate for all investors. The securities may be an appropriate investment for investors who:■seek 125% leveraged exposure to the upside performance of the Basket if the ending level is greater than the starting level, subject to the ■desire to limit downside exposure to the Basket through the buffer amount; possibly up to 85%, of the face amount per security at maturity;■are willing to forgo interest payments on the securities and dividends on the Basket Components; and ■are willing to hold the securities until matur