Jefferies Financial Group Inc 美股招股说明书（2026年2月12日版）

The information in this preliminary pricing supplement is not complete and may be changed without notice. This preliminary pricingsupplement is not an offer to sell these securities, nor a solicitation of an offer to buy these securities, in any jurisdiction where the offering is SUBJECT TO COMPLETION, DATED February 11, 2026 PRELIMINARY PRICING SUPPLEMENT(to Product Supplement no. 5, dated October 23, 2023, Prospectus Supplement dated May 12, 2023and Prospectus dated May 12, 2023) $JefferiesJefferies Financial Group Inc.Senior Autocallable Contingent Coupon Barrier Notes due February 19, 2031Linked to the Worst-Performing of the Russell 2000®Index and the S&P 500®The Senior Autocallable Contingent Coupon Barrier Notes due February 19, 2031 Linked to the Worst-Performing of the Russell 2000®Index and the S&P 500®Index (the “Notes”) aresenior unsecured obligations of Jefferies Financial Group Inc. The Notes have the terms described in the accompanying product supplement, prospectus supplement and prospectus, assupplemented or modified by this pricing supplement. The Notes are issued as part of our Series A Global Medium-Term Notes program.All payments are subject to our credit risk. If we default on our obligations, you could lose some or a significant portion of your investment. These Notes are not securedobligations and you will not have any security interest in, or otherwise have any access to, any Underlying or the securities represented by any Underlying.SUMMARY OF TERMSIssuer:Jefferies Financial Group Inc.TitleoftheNotes:Senior Autocallable Contingent Coupon Barrier Notes due February 19, 2031 Linked to the Worst-Performing of the Russell 2000®Index and the S&P 500®IndexAggregatePrincipalAmount:$. 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:February 13, 2026OriginalIssueDate:February 19, 2026 (3 Business Days after the Pricing Date)CouponObservationDates:Monthly, beginning on March 13, 2026, as set forth on page PS-2. The Coupon Observation Dates are subject to postponement as described in the accompanying product supplement.CouponPaymentDates:As set forth on page PS-2. The Coupon Payment Dates may be postponed if the related Coupon Observation Date is postponed as described in the accompanying product supplement.CallObservationDates:Monthly, beginning on March 15, 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:February 13, 2031, subject to postponement as described in the accompanying product supplement. Index MaturitFebruary 19, 2031, which may be postponed if the Valuation Date is postponed as described in the accompanying product supplement. Worst-The Underlying with the lowest Observation Value or Final Value, as applicable, as compared to its Initial Value. Perfor mi CouponContingent Coupon Payments. The Notes will pay a Contingent Coupon Payment of $7.58 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. CalFeaAutocallable Notes. The Notes will be automatically called if the Observation Value of the Worst-Performing Underlying on any Call Observation Date (beginning approximately thirteenmonths after the 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 furtheramounts will be payable on the Notes. e: CalThe Stated Principal Amount plus any Contingent Coupon Payment that may otherwise be due on the applicable Call Payment Date. ymentequal to the 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 atMatStated Principal Amount of each Note that will equal: urity: 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 on the final Coupon Observation Date isgreater than or equal to its Coupon Barrier. InitialWith respect to each Underlying, the Index Closing Value of the Underlying on the Pricing Date. Val ue:ObWith respect to each Underlying, the Index Closing Value of the Underlying on the applicable Coupon Observation Date or Call Observation Date. servati on Val ue:FinWith respect to each Underlying, the Index Closing Value of the Unde