Jefferies Financial Group Inc 美股招股说明书（2026年2月13日版）

The information in this preliminary pricing supplement is not complete and may be changed without notice. This preliminary pricing supplement is notan offer to sell these securities, nor a solicitation of an offer to buy these securities, in any jurisdiction where the offering is not permitted. SUBJECT TO COMPLETION, DATED February 12, 2026 PRELIMINARY PRICING SUPPLEMENT(to Product Supplement no. 5, dated October 23, 2023, Prospectus Supplement dated May 12, 2023and Prospectus dated May 12, 2023) $Jefferies Jefferies Financial Group Inc. Senior Autocallable Barrier Notes due February 21, 2031Linked to the Worst-Performing of the Dow Jones Industrial Average®, the State Street®SPDR® S&P® supplement and 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 secured obligations andyou will not have any security interest in, or otherwise have any access to, any Underlying or the securities represented by any Underlying.SUMMARY OF TERMS IsJefferies Financial Group Inc. TitleSenior Autocallable Barrier Notes due February 21, 2031 Linked to the Worst-Performing of the Dow Jones Industrial Average®, the State Street®SPDR®S&P®Regional Banking ETF and theRussell 2000®Index of eNotes: . We may increase the Aggregate Principal Amount prior to the Original Issue Date but are not required to do so. OriFebruary 23, 2026 (3 Business Days after the Pricing Date) CalQuarterly, beginning on February 18, 2027, as set forth on page PS-2. The Call Observation Dates are subject to postponement as described in the accompanying product supplement. lOb CalAs 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. lPa tDates: ValFebruary 18, 2031 (which is also the final Call Observation Date), subject to postponement as described in the accompanying product supplement. February 21, 2031, which may be postponed if the Valuation Date is postponed as described in the accompanying product supplement. UndThe worst-performing of the Dow Jones Industrial Average®(the “INDU”), the State Street®SPDR®S&P®Regional Banking ETF (the “KRE”) and the Russell 2000®Index (the “RTY”). Please see“The Underlyings” below. e The Underlying with the lowest Observation Value or Final Value, as applicable, as compared to its Initial Value. CalAutocallable 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 after thePricing Date) is equal to or greater than its Call Value. If your Notes are called, you will receive the applicable Call Payment on the applicable Call Payment Date, and no further amounts will be The Stated Principal Amount plus the applicable Call Premium. al lP CallThe Call Premium applicable to each Call Observation Date is set forth on page PS-2 and reflects a return of approximately 14.00% per annum. The Notes are “Snowball Coupon Notes” forpurposes of the accompanying product supplement and, for purposes of this pricing supplement, references in the accompanying product supplement to “Snowball Coupon Payment” shall bedeemed to refer to “Call Premium”. re ium :PIf the Notes are not called prior to maturity and 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 to the Stated Principal AmountIf the Notes are not called prior to maturity and 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 y meat Maturity that is less than the Stated Principal Amount of each Note that will equal: nt atMIn this scenario the Payment at Maturity will be less than the Stated Principal Amount and you could lose some or all of your investment. InitiWith respect to theKRE, the ETF Closing Price of the Underlying on the Pricing Date.With respect to each of theINDU and the RTY, the Index Closing Value of the Underlying on the Pricing Date. V ObseWith respect to theKRE, the ETF Closing Price of the Underlyingtimesthe Adjustment Factor on the applicable Call Observation Date.With respect to each of theINDU and the RTY, the Index Closing Value of the Underlying on the applicable Call Observation Date. alue:FinalValue:With respect to theKRE, the ETF Closing Price of the Underlyingtimesthe Adjustment Factor on the Valuation Date.With respect to each of theINDU and the RTY, the Index Closing Value of the Underlying on the Valuation Date.CallValue:With respect to each Underlying, 92% of its Initial ValueThresholdValue:With respect to each Underly