杰弗里斯金融集团股份有限公司美股招股说明书（2025-07-14版）

$Jefferies Jefferies Financial Group Inc.Senior Autocallable Contingent Coupon BarrierNotes due July 23, 2030 Linked to the Worst-Performing of theiShares® U.S. Home Construction ETF, the VanEck® Oil Services ETF and the Nasdaq-100 Index®The Senior Autocallable Contingent Coupon BarrierNotes dueJuly 23, 2030 Linked to the Worst-Performing of the iShares® U.S. Home Construction ETF, the VanEck® Oil Services ETF and the Nasdaq-100 Index® (the “Notes”) are senior unsecured obligations of Jefferies Financial Group Inc.The Notes have the terms described in the accompanying product supplement, prospectus supplement and July 18, 2025Original Issue Date:July 23, 2025 (3 Business Days after the Pricing Date)Coupon Observation Dates:Quarterly, beginning on October 20, 2025, as set forth on page PS-3. The Coupon Observation Dates are subject to postponement asdescribed in the accompanying product supplement. accompanying product supplement.As set forth on page PS-3. The Call Payment Dates may be postponed if the related Call Observation Date is postponed as described in theaccompanying product supplement.July 18, 2030, subject to postponement as described in the accompanying product supplement.July 23, 2030, which may be postponed if the Valuation Date is postponed as described in the accompanying product supplement.The worst-performing of theiShares® U.S. Home Construction ETF (the “ITB”), the VanEck® Oil Services ETF (the “OIH”) and the Nasdaq-100 Index® (the “NDX”).Please see “The Underlyings” below.The Underlying with the lowest Observation Value or Final Value, as applicable, as compared to its Initial ValueContingent Coupon Payments. The Notes will pay a Contingent Coupon Payment of $40.00 on the applicable Coupon Payment Date if theObservation Value of the Worst-Performing Underlying on the applicable quarterly Coupon Observation Date is greater than or equal to itsCoupon Barrier. Call Payment: you will receive the Call Payment on the applicable Call Payment Date, and no further amounts will be payable on the Notes.The Stated Principal Amountplusany Contingent Coupon Payment that may otherwise be due on the applicable Call Payment Date. Payment at Maturity: If the Final Value of the Worst-Performing Underlying is greater than or equal to its Threshold Value, you will receive for each Note thatyou hold a Payment at Maturity that is equal to the Stated Principal Amount Payment at Maturity that is less than the Stated Principal Amount of each Note that will equal:In this scenario the Payment at Maturity will be less than the Stated Principal Amount and you could lose some or all of your investment. The Payment at Maturity will also include the final Contingent Coupon Payment if the Observation Value of the Worst-Performing Underlying onthe final Coupon Observation Date is greater than or equal to its Coupon Barrier.With respect to each of the ITB and the OIH, the ETF Closing Price of the Underlying on the Pricing Date; with respect to the NDX, the IndexClosing Value of the Underlying on the Pricing Date.With respect to each of the ITB and the OIH, the ETF Closing Price of the Underlyingtimesthe Adjustment Factor on the applicable CouponObservation Date or Call Observation Date; with respect to the NDX, the Index Closing Value of the Underlying on the applicable CouponObservation Date or Call Observation Date.With respect to each of the ITB and the OIH, the ETF Closing Price of the Underlyingtimesthe Adjustment Factor on the Valuation Date; withrespect to the NDX, the Index Closing Value of the Underlying on the Valuation Date.With respect to each Underlying, 70% of its Initial ValueWith respect to each Underlying, 100% of its Initial ValueWith respect to each Underlying, 55% of its Initial Value. Observation Value: Specified Currency: Approximately $956.20 per Note, or within $30.00 of that estimate.Please see “The Notes” below.General corporate purposesJefferies LLC, the broker-dealer subsidiary of Jefferies Financial Group Inc., is a member of FINRA and will participate in the distribution of thenotes being offered hereby.Accordingly, the offering is subject to the provisions of FINRA Rule 5121 relating to conflicts of interest and will beconducted in accordance with the requirements of Rule 5121.See “Conflict of Interest.”The Notes will be our senior unsecured obligations and will rank equally with our other senior unsecured indebtedness.Investing in the Notes involves risks that are described in the“Risk Factors”section beginning on page PS-6 of this pricing supplement.PER NOTE100.00%%1Proceeds to Jefferies Financial Group Inc. (Before Expenses)%1 An affiliate of the Issuer will pay a structuring fee of up to $8.00 per Note in connection with the distribution of the Notes to other registered broker-dealers.Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this pricing supplement or theaccompanying pro