The aggregate principal amount is not yet set, so the capital raise size is unknown. Monitor the final pricing supplement for the actual offering size and pricing date (October 28, 2026). The preliminary Q3 results are already disclosed and provide a baseline for the upcoming 10-Q filing.
Price Chart
Executive Summary
Jefferies Financial Group Inc. filed a preliminary pricing supplement (Amendment No. 1) for a new offering of Senior Autocallable Contingent Coupon Barrier Notes due November 1, 2032, linked to the worst-performing of the VanEck Semiconductor ETF (SMH) and the S&P 500 Index (SPX). The aggregate principal amount is undisclosed. Proceeds are for general corporate purposes. The filing also includes unaudited preliminary Q3 FY2026 results showing Investment Banking Net Revenues of $1.33 billion, Capital Markets Net Revenues of $802 million, and Net Earnings Attributable to Common Shareholders of $261 million for the three months ended August 31, 2026.
Key Facts
- Offering of Senior Autocallable Contingent Coupon Barrier Notes due November 1, 2032, linked to worst-performing of SMH and SPX.
- Aggregate Principal Amount is undisclosed (placeholder '$ .' in filing).
- Issue Price: $1,000 per Note; Stated Principal Amount: $1,000 per Note.
- Contingent Coupon Payment of $30 per Note if the worst-performing underlying is at or above 70% of its Initial Value on quarterly observation dates.
- Notes are autocallable quarterly starting October 28, 2027, if the worst-performing underlying is at or above 100% of its Initial Value.
- At maturity, principal is at risk if the worst-performing underlying falls below 70% of its Initial Value (1-to-1 downside, up to 100% loss).
- Estimated value on Pricing Date: approximately $944.60 per Note (within $30.00).
- Underwriting discounts and commissions of up to 3.75% per Note (up to $37.50 per Note).
- Use of proceeds: general corporate purposes.
- Filing includes unaudited preliminary Q3 FY2026 results: Investment Banking Net Revenues $1.33B, Capital Markets Net Revenues $802M, Asset Management Net Revenues $86M, Pre-Tax Earnings $351M, Net Earnings Attributable to Common Shareholders $261M.
- Nine-month FY2026 preliminary results: Investment Banking Net Revenues $3.56B, Capital Markets Net Revenues $2.38B, Asset Management Net Revenues $494M, Pre-Tax Earnings $879M, Net Earnings Attributable to Common Shareholders $640M.
- The offering is being made under the existing S-3ASR shelf registration filed May 11, 2026.
Financial Impact
Undisclosed aggregate principal amount of structured notes. Proceeds for general corporate purposes. Preliminary Q3 FY2026 results show Net Earnings Attributable to Common Shareholders of $261 million for the quarter and $640 million year-to-date.
Risk Factors
- Aggregate principal amount is undisclosed; final offering size could be material.
- Structured notes expose Jefferies to hedging and credit risk; proceeds used for general corporate purposes.
- Preliminary Q3 results are unaudited and subject to revision in the formal 10-Q filing.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001140361-26-038497 |
| Document: 0001140361-26-038497-index-headers.html | 0001140361-26-038497 |
| Document: 0001140361-26-038497-index.html | 0001140361-26-038497 |
| Document: 0001140361-26-038497.txt | 0001140361-26-038497 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $45.03 | awaiting T+20 | — | $45.43 (+0.89%) |
Oct 19, 2026 7d ago | 8-K | $43.60 | awaiting T+20 | — | $45.43 (+4.20%) |
Oct 9, 2026 17d ago | 424B5 | $45.01 | awaiting T+20 | — | $45.43 (+0.93%) |
Oct 9, 2026 17d ago | 424B5 | $44.38 | awaiting T+20 | — | $45.43 (+2.37%) |
Oct 9, 2026 17d ago | 424B5 | $44.38 | awaiting T+20 | — | $45.43 (+2.37%) |
Oct 9, 2026 17d ago | 424B5 | $44.38 | awaiting T+20 | — | $45.43 (+2.37%) |
Oct 9, 2026 17d ago | 424B5 | $44.38 | awaiting T+20 | — | $45.43 (+2.37%) |
Oct 8, 2026 18d ago | 424B5 | $44.40 | awaiting T+20 | — | $45.43 (+2.32%) |
Oct 7, 2026 19d ago | 424B5 | $44.14 | awaiting T+20 | — | $45.43 (+2.92%) |
Oct 7, 2026 19d ago | 424B5 | $44.14 | awaiting T+20 | — | $45.43 (+2.92%) |
US Market Status
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