Jefferies Financial Group Inc美股招股说明书(2025-07-18版)

■Linked to the lowest performing of the Utilities Select Sector SPDR®Fund, the SPDR®S&P Regional Banking ETF and the SPDR®S&P BiotechETF (each referred to as a “Market Measure”)Unlike ordinary debt securities, the securities do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject to potential automatic call prior to stated maturity upon the terms described below. Whether the securities pay acontingent coupon, whether the securities are automatically called prior to stated maturity and, if they are not automatically called, whether you receive the face amount of your securities at stated maturity will depend, in each case, on the fund closing price of the lowest performing MarketMeasure on the relevant calculation day. The lowest performing Market Measure on any calculation day is the Market Measure that has the lowest fund closing price on that calculation day as a percentage of its starting price■Contingent Coupon.The securities will pay a contingent coupon on a monthly basis until the earlier of stated maturity or automatic call if, and only if, the fund closing price of the lowest performing Market Measure on the calculation day for that month is greater than or equal to its thresholdprice. However, if the fund closing price of the lowest performing Market Measure on a calculation day is less than its threshold price, you will not each Market Measure is equal to 70% of its starting price. The contingent coupon rate is 13.40% per annum■Automatic Call.If the fund closing price of the lowest performing Market Measure on any of the calculation days occurring in January, April, Julyand October from January 2026 to April 2029, inclusive, is greater than or equal to its starting price, the securities will be automatically called forthe face amount plus a final contingent coupon paymentPotential Loss of Principal.If the securities are not automatically called prior to stated maturity, you will receive the face amount at stated ■If the securities are not automatically called prior to stated maturity, you will have full downside exposure to the lowest performing Market Measurefrom its starting price if its fund closing price on the final calculation day is less than its threshold price, but you will not participate in anyappreciation of any Market Measure and will not receive any dividends on any Market Measure or the securities included in any Market Measure■Your return on the securities will depend solely on the performance of the Market Measure that is the lowest performing Market Measure on eachcalculation day. You will not benefit in any way from the performance of the better performing Market Measures. Therefore, you will be adversely any Market Measure for payment; if we default on our obligations under the securities, you could lose some or all of your investment■No exchange listing; designed to be held to maturityWe estimate that the value of each security on the pricing date is $952.30 per security. See “Estimated Value of the Securities” in this pricing supplement.The 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 onour obligations under the securities, you could lose some or all of your investment. The securities are not savings accounts, deposits or other obligations of adepository institution and are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund or any other governmental agency.Neither the Securities and Exchange Commission nor any state securities commission or other regulatory body has approved or disapproved of these prospectus. Any representation to the contrary is a criminal offense.Original Offering PriceAgent Discount(1)(2)Proceeds to the IssuerPer Security$1,000.00$23.25$976.75 Total$2,150,000.00$49,987.50$2,100,012.50(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.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 $3.00 per security to selected securities dealers in consideration for marketing and other services in connection with the distribution of the securities to other securities Jefferies If the securities are not automatically called prior to the stated maturity date, then on the stated maturitydate, you will be entitled to receive a cash payment per security i