杰弗里斯金融集团股份有限公司美股招股说明书(2025-07-11版)

Prospectus Supplement dated May 12, 2023and Prospectus dated May 12, 2023)Jefferies Financial Group Inc.Medium-Term Notes, Series A Market Linked Notes— Auto-Callable with Contingent Coupon and Principal Return atMaturityNotes Linked to the Lowest Performing of the Class A Common Stock of DraftKings Inc., the Class A Common Stock ofCrowdStrike Holdings, Inc., the Common Stock of Constellation Energy Corporation and the Class A Common Stock of Carvana Co. due July 30, 2030■Linked to the lowest performing of the Class A common stock of DraftKings Inc., the Class A common stock of CrowdStrike Holdings, Inc., the common stock of Constellation Energy Corporation and the Class A common stock of Carvana Co. (each referred to as an “Underlying Stock”)■Unlike ordinary debt securities, the notes do not provide for fixed payments of interest and are subject to potential automatic call prior to stated maturity upon the terms described below. Whether the notes pay a contingent coupon and whether the notes are automatically called prior to lowest performing Underlying Stock on any calculation day is the Underlying Stock that has the lowest stock closing price on that calculation dayas a percentage of its starting price■Contingent Coupon.The notes will pay a contingent coupon on a monthly basis until the earlier of stated maturity or automatic call if, and only if,the stock closing price of the lowest performing Underlying Stock on the calculation day for that month is greater than or equal to its coupon threshold price. However,if the stock closing price of the lowest performing Underlying Stock on a calculation day is less than its coupon thresholdprice, you will not receive any contingent coupon for the relevant month. If the stock closing price of the lowest performing Underlying Stock is lessthan its coupon threshold price on every calculation day, you will not receive any contingent coupons throughout the entire term of the notes. Thecoupon threshold price for each Underlying Stock is equal to 75% of its starting price. The contingent coupon rate will be determined on the pricingdate and will be at least 12.20% per annum■Automatic Call.If the stock closing price of the lowest performing Underlying Stock on any of the calculation days from July 2026 to June 2030,inclusive, is greater than or equal to its starting price, the notes will be automatically called for the face amount plus a final contingent couponpayment■Maturity Payment Amount.If the notes are not automatically called prior to stated maturity, you will receive the face amount at stated maturity butyou will not participate in any appreciation of any Underlying Stock and will not receive any dividends on any Underlying Stock■Repayment of principal at maturity regardless of the performance of the lowest performing Underlying Stock (subject to our credit risk)■Your return on the notes will depend solely on the performance of the Underlying Stock that is the lowest performing Underlying Stock on each JefferiesWells Fargo Securities If the notes are not automatically called prior to the stated maturity date, then on the stated maturity date,you will be entitled to receive a cash payment per note in U.S. dollars equal to the maturity payment amount Maturity Paymentequal $1,000.Any return on the notes will be limited to the sum of your contingent coupon payments, if any. You Additional Information about the Issuer and the Notes supplement dated May 12, 2023 and the prospectus dated May 12, 2023 for additional information about the notes. Informationincluded in this pricing supplement supersedes information in the product supplement, prospectus supplement and prospectus to theextent it is different from that information. Certain defined terms used but not defined herein have the meanings set forth in the product Investor Considerations ■seek an investment with contingent coupon payments at a rate of at least 12.20% per annum (to be determined on the pricing date)until the earlier of stated maturity or automatic call, if,and only if, the stock closing price of the lowest performing Underlying Stock Determining Payment On A Contingent Coupon Payment Date and at Maturity If the notes have not been previously automatically called, on each contingent coupon payment date, you will either receive acontingent coupon payment or you will not receive a contingent coupon payment, depending on the stock closing price of the lowestperforming Underlying Stock on the related calculation day. The performance factor of an Underlying Stock on a calculation day is its stock closing price on that calculation day as a percentage ofits starting price (i.e., its stock closing price on that calculation daydivided byits starting price). Step 2: Determine whether a contingent coupon is paid on the applicable contingent coupon payment date based on the stock closingprice of the lowest performing Underlying Stock on the relevant calculation day, as follows: Selected Risk Con