Jefferies Financial Group Inc. 美股招股说明书（2026年2月17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 PRELIMINARY PRICING SUPPLEMENT(to Product Supplement no. 5, dated October 23, 2023, Prospectus Supplement dated May 12, 2023and Prospectus dated May 12, 2023) $Jefferies Jefferies Financial Group Inc.Senior Autocallable Barrier Notes due February 19, 2031 Linked to the Worst-Performing of the S&P 500® Index, the Nasdaq-100 Index® and the Russell 2000® The Senior Autocallable Barrier Notes due February 19, 2031 Linked to the Worst-Performing of the S&P 500® Index, the Nasdaq-100 Index®and the Russell 2000®Index (the “Notes”)are senior unsecured obligations of Jefferies Financial Group Inc. The Notes have the terms described in the accompanying product supplement, prospectus supplement and prospectus,as supplemented or modified by this pricing supplement. The Notes are issued as part of our Series A Global Medium-Term Notes program. All payments are subject to our credit risk. If we default on our obligations, you could lose some or a significant portion of your investment. These Notes are not securedobligations and you will not have any security interest in, or otherwise have any access to, any Underlying or the securities represented by any Underlying.SUMMARY OF TERMS Issuer:Jefferies Financial Group Inc.Title of theSenior Autocallable Barrier Notes due February 19, 2031 Linked to the Worst-Performing of the S&P 500® Index, the Nasdaq-100 Index®and the Russell 2000®Index Notes: AggregatePrincipal$. We may increase the Aggregate Principal Amount prior to the Original Issue Date but are not required to do so. Amount:IssuePrice:$1,000 per NoteStatedPrincipal$1,000 per Note Amount: StrikeDate:February 12, 2026 Date: OriginalIssueFebruary 19, 2026 (3 Business Days after the Pricing Date) Date: CallObservatioAnnually, beginning on February 16, 2027, as set forth on page PS-2. The Call Observation Dates are subject to postponement as described in the accompanying productsupplement. 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. ValuationFebruary 13, 2031 (which is also the final Call Observation Date), subject to postponement as described in the accompanying product supplement. February 19, 2031, which may be postponed if the Valuation Date is postponed as described in the accompanying product supplement. Worst-PerforminThe Underlying with the lowest Observation Value or Final Value, as applicable, as compared to its Initial Value. Underlying CallFeature:Autocallable Notes. The Notes will be automatically called if the Observation Value of the Worst-Performing Underlying on any Call Observation Date (beginning approximatelyone year after the Pricing 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 payable on the Notes.CallThe Stated Principal Amount plus the applicable Call Premium. Payment:Call The Call Premium applicable to each Call Observation Date is set forth on page PS-2 and reflects a return of approximately 12.40% per annum. The Notes are “SnowballCoupon Notes” for purposes of the accompanying product supplement and, for purposes of this pricing supplement, references in the accompanying product supplement to“Snowball Coupon Payment” shall be deemed to refer to “Call Premium”. PaymentatIf 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 foreach Note that you hold a Payment at Maturity that is equal to the Stated Principal Amount Maturity:If 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 at Maturity that is less than the Stated Principal Amount of each Note that will equal: Observation Value:With respect to each Underlying, the Index Closing Value of the Underlying on the applicable Call Observation Date. With respect to each Underlying, the Index Closing Value of the Underlying on the Valuation Date. Value: Call Value:Please see page PS-2.Threshold4,782.93 with respect to the SPX (70% of its Initial Value, rounded to two decimal places); 17,281.33 with respect to the NDX (70% of its Initial Value, rounded to two decimal Value:places); and 1,831.081 with respect to the RTY (70% of its Initial Value, rounded to three decimal places). Currency: CUSIP/ISIN47233YUK9 / US47233YUK99 Book-entryorBook-entry Certificate Business Day:Agent: Jefferies LLC, a wholly-owned subsidiary of Jefferi