杰弗里斯金融集团股份有限公司美股招股说明书(2025-07-17版)

Senior Capped Buffered Leveraged Notes due July 18, 2028The Senior Capped Buffered Leveraged Notes due July 18, 2028 Linked to the iShares®Bitcoin Trust ETF (the “Notes”) are senior unsecured obligations of Jefferies Financial Group Inc. All payments are subject to our credit risk.If we default on our obligations, you could lose some or a significant portion of your investment.These Notes are not securedobligations and you will not have any security interest in, or otherwise have any access to, any Underlying or the assets represented by any Underlying. Jefferies Financial Group Inc.Title of the Notes:Senior Capped Buffered Leveraged Notes due July 18, 2028 Linked to the iShares®Bitcoin Trust ETFAggregate Principal Amount:$3,445,000. We may increase the Aggregate Principal Amount prior to the Original Issue Date but are not required to do so.$1,000 per NoteStated Principal Amount$1,000 per NoteJuly 15, 2025Original Issue Date:July 18, 2025 (3 Business Days after the Pricing Date) Participation Rate:Underlying Return: We will deliver the Notes in book-entry form only through The Depository Trust Company on or about July 18, 2025 against payment in immediately available funds.JefferiesPricing supplement dated July 15, 2025.You should read this pricing supplement together with the related product supplement, prospectus and prospectus supplement, each of which can be accessed economic conditions, controls and procedures relating to the close of the quarter, the effects of current, pending and future legislation orrulemaking by regulatory or self-regulatory bodies, regulatory actions, and the other risks and uncertainties that are outlined in our the Underlying has not declined below the Buffer Value, investors will receive the Stated Principal Amount. However, if the Underlyinghas declined below the Buffer Value, investors will lose 1% of the Stated Principal Amount for every 1% decline (as compared to the Initial Value) in the Final Value below the Buffer Value.For more information on the Payment at Maturity please see “Summary ofTerms” on the cover page of this pricing supplement.Investors may lose up to 80% of the Stated Principal Amount of the Notes.Allpayments on the Notes are subject to our credit risk.The Notes are issued as part of our Series A Global Medium-Term NotesThe Stated Principal Amount of each Note is $1,000.The Issue Price will equal 100% of the Stated Principal Amount per Note.Thisprice includes costs associated with issuing, selling, structuring and hedging the Notes, which are borne by you, and, consequently, theestimated value of the Notes on the Pricing Date is less than the Issue Price.We estimate that the value of each Note on the PricingDate is $949.00 per Note.If the Maturity Date occurs on a day that is not a Business Day, then the payment owed on such date will be postponed until the next The price at which Jefferies LLC purchases the Notes in the secondary market, absent changes in market conditions, including those related to interest rates and the Underlying, may vary from, and be lower than, the estimated value on the Pricing Date, because thesecondary market price takes into account our secondary market credit spread as well as the bid-offer spread that Jefferies LLC would charge in a secondary market transaction of this type, the costs of unwinding the related hedging transactions and other factors.Jefferies LLC may, but is not obligated to, make a market in the Notes and, if it once chooses to make a market, may cease doing so atPS-2 Structure-related Risks The Notes do not pay interest or guarantee the return of principal. principal..If the Final Value of the Underlying is less than the Buffer Value, you will receive for each Note that you hold a Payment atMaturity that is less than the Stated Principal Amount of each Note.In this case investors will lose 1% of the Stated Principal Amount Stated Principal Amount of the Notes.The appreciation potential of the Notes is limited by the Maximum Payment at Maturity. The amount payable on the Notes is not linked to the value of the Underlying at any time other than the Valuation Date. The Final Value will be based on the ETF Closing Price of the Underlying on the Valuation Date, subject to postponement for non-Trading Days and Certain Market Disruption Events as described in the accompanying product supplement.Even if the value of the adversely affect the economic terms of the Notes because, if they were lower, the economic terms of the Notes would be morefavorable to you.The economic terms of the Notes are also likely to be adversely affected by the use of our internal funding rate, rather than our secondary market rate, to price the Notes.See “The estimated value of the Notes would be lower if it were calculated basedon our secondary market rate” below.The estimated value of the Notes was determined for us by our subsidiary using proprietary pricing models. The Notes will not be listed on any securities exchan