
Prospectus Supplement dated May 12, 2023and Prospectus dated May 12, 2023) $5,658,000Jefferies The Senior Autocallable Contingent Coupon Barrier Notes due January 11, 2029 Linked to the Worst-Performing of the State Street®SPDR®S&P®Regional Banking ETF and the S&P 500Index (the “Notes”) are senior unsecured obligations of Jefferies Financial Group Inc. The Notes have the terms described in the accompanying product supplement, prospectus supplementand prospectus, as supplemented or modified by this pricing supplement. The Notes are issued as part of our Series A Global Medium-Term Notes program.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 securities represented by any Underlying.SUMMARY OF TERMSIssuer:Jefferies Financial Group Inc.TitleoftheNotes:Senior Autocallable Contingent Coupon Barrier Notes due January 11, 2029 Linked to the Worst-Performing of the State Street®SPDR®S&P®Regional Banking ETF and the S&P 500IndexAggregatePrincipalAmount:$5,658,000. We may increase the Aggregate Principal Amount prior to the Original Issue Date but are not required to do so.IssuePrice:$1,000 per NoteStatedPrincipalAmount:$1,000 per NotePricingDate:January 8, 2026OriginalIssueDate:January 13, 2026 (3 Business Days after the Pricing Date)CouponObMonthly, beginning on February 9, 2026, as set forth on page PS-2. The Coupon Observation Dates are subject to postponement as described in the accompanying product supplement. Jefferies Financial Group Inc.Senior Autocallable Contingent Coupon Barrier Notes due January 11, 2029 Linked to the Worst-Performing of the State Street®SPDR®S&P®Regional Banking ETF and the S&P 500® Index® ® ouponPaymentDates:CallObservationDates:Monthly, beginning on January 8, 2027, as set forth on page PS-2. The Call Observation Dates are subject to postponement as described in the accompanying product supplement.CallPaymentDates:As set forth on page PS-2. The Call Payment Dates may be postponed if the related Call Observation Date is postponed as described in the accompanying product supplement.ValuationDate:January 8, 2029, subject to postponement as described in the accompanying product supplement.MaturityDate:January 11, 2029, which may be postponed if the Valuation Date is postponed as described in the accompanying product supplement.Underlying:The worst-performing of the State Street®SPDR®S&P®Regional Banking ETF (the “KRE”) and the S&P 500®Index (the “SPX”). Please see “The Underlyings” below.Worst-PerformingUnderlying:The Underlying with the lowest Observation Value or Final Value, as applicable, as compared to its Initial Value.CouponFeContingent Coupon Payments. The Notes will pay a Contingent Coupon Payment of $9.50 on the applicable Coupon Payment Date if the Observation Value of the Worst-PerformingUnderlying on the applicable monthly Coupon Observation Date is greater than or equal to its Coupon Barrier. CallFAutocallable Notes. The Notes will be automatically called if the Observation Value of the Worst-Performing Underlying on any Call Observation Date (beginning approximately one year afterthe Pricing Date) is equal to or greater than its Call Value. If your Notes are called, you will receive the Call Payment on the applicable Call Payment Date, and no further amounts will bepayable on the Notes. CalThe Stated Principal Amount plus any Contingent Coupon Payment that may otherwise be due on the applicable Call Payment Date. PayIf the Final Value of the Worst-Performing Underlying is greater than or equal to its Threshold Value, you will receive for each Note that you hold a Payment at Maturity that is equal tothe Stated Principal AmountIf the Final Value of the Worst-Performing Underlying is less than its Threshold Value, you will receive for each Note that you hold a Payment at Maturity that is less than the Stated mePrincipal Amount of each Note that will equal: atIn 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 on the final Coupon Observation Date is greater urity Initi$68.08 with respect to the KRE; and 6,921.46 with respect to the SPX. ObsWith respect to theKRE, the ETF Closing Price of the Underlyingtimesthe Adjustment Factor on the applicable Coupon Observation Date or Call Observation Date.With respect to theSPX, the Index Closing Value of the Underlying on the applicable Coupon Observation Date or Call Observation Date. FinalWith respect to theKRE, the ETF Closing Price of the Underlying timesthe Adjustment Factor on the Valuation Date.With respect to theSPX, the Index Closing Value of the Underlying on t




