<SEC-DOCUMENT>0001140361-25-011361.txt : 20250331
<SEC-HEADER>0001140361-25-011361.hdr.sgml : 20250331
<ACCEPTANCE-DATETIME>20250331170240
ACCESSION NUMBER:		0001140361-25-011361
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250331
DATE AS OF CHANGE:		20250331

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Jefferies Financial Group Inc.
		CENTRAL INDEX KEY:			0000096223
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132615557
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-271881
		FILM NUMBER:		25794693

	BUSINESS ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124601900

	MAIL ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEUCADIA NATIONAL CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TALCOTT NATIONAL CORP
		DATE OF NAME CHANGE:	19800603

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Jefferies Financial Group Inc.
		CENTRAL INDEX KEY:			0000096223
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				132615557
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124601900

	MAIL ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEUCADIA NATIONAL CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TALCOTT NATIONAL CORP
		DATE OF NAME CHANGE:	19800603
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ef20046441_fwp.htm
<DESCRIPTION>DEAL 631
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Summit, a Broadridge Company
         Document created using Broadridge PROfile 25.3.1.5296
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: Arial; font-size: 9pt; text-align: left; color: #000000;">
  <div>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
    <div>
      <p style="margin: 0px; text-indent: 0px; text-align: right;"><font style="font-weight: 700;">Filed pursuant to Rule 433</font></p>
      <p style="margin: 0px; text-indent: 0px; text-align: right;"><font style="font-weight: 700;">Registration No. 333-271881</font></p>
    </div>
    <div> <br>
    </div>
    <div>
      <div>
        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 16pt; font-weight: bold;">Jefferies Financial Group Inc.</div>
        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 12pt; font-weight: bold;">Market Linked Securities</div>
        <div style="margin-bottom: 1pt; color: rgb(0, 0, 0);">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="z65c8be23659844b584f5f8fc886daed1">

              <tr>
                <td style="background-color: rgb(143, 143, 143); width: 1%;" colspan="1">&#160;</td>
                <td style="background-color: rgb(143, 143, 143); width: 99%;">
                  <div>
                    <div style="text-align: left; color: rgb(255, 255, 255); font-size: 12pt;">Market Linked Securities&#8212; Upside Participation to a Cap with Contingent Absolute Return and Fixed Percentage Buffered Downside</div>
                    <div style="text-align: left; color: rgb(255, 255, 255); font-size: 12pt;">Principal at Risk Securities Linked to the S&amp;P 500<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index due November 4, 2027</div>
                    <div style="text-align: left; color: rgb(255, 255, 255); font-size: 10pt;">Term Sheet to Preliminary Pricing Supplement dated March 31, 2025</div>
                  </div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="float: left; width: 48%;" class="BRPFTCL">
        <div>
          <div style="color: rgb(143, 143, 143); font-size: 14pt;">Summary of Terms</div>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7.5pt;">Issuers:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7.5pt;">Jefferies Financial Group Inc.</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Market Measure:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">S&amp;P 500<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index (the &#8220;<u>Index</u>&#8221;)</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Pricing Date*:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">April 30, 2025</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Issue Date*:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">May 5, 2025</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Face Amount and</div>
                  <div style="font-size: 8pt;">Original Offering</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">Price:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">$1,000 per security</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Maturity Payment</div>
                  <div style="font-size: 8pt;">Amount (per</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">security):</div>
                  <div>&#160;</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 8pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;"> &#160; </font><font style="font-size: 8pt;">if the ending
                      level is greater than the starting level:</font></div>
                  <div style="text-align: center; margin-left: 7.7pt; margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">$1,000 <font style="font-style: italic;">plus </font>the lesser of: (i) $1,000 &#215; index return &#215; upside participation rate; and
                    (ii) the maximum return;</div>
                  <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 8pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;"> &#160;&#160; </font><font style="font-size: 8pt;">if the ending
                      level is less than or equal to the starting level, but greater than or equal to the threshold level:</font></div>
                  <div style="text-align: center; margin-left: 7.7pt; margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">$1,000 + ($1,000 &#215; absolute value return); or</div>
                  <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 8pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;">&#160;&#160; </font><font style="font-size: 8pt;">if the ending
                      level is less than the threshold level:</font></div>
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">$1,000 + [$1,000 &#215; (index return + buffer amount)]</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Stated Maturity</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">Date*:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">November 4, 2027</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Starting Level:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">The closing level of the Index on the pricing date</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Ending Level:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">The closing level of the Index on the calculation day</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Maximum Return:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">At least 22.20% of the face amount per security, to be determined on the pricing date</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Threshold Level:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">85% of the starting level</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Buffer Amount:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">15%</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Upside Participation</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">Rate:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">100%</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Index Return:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">(ending level &#8211; starting level) / starting level</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Absolute Value</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">Return:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">The &#8220;<u>absolute value return</u>&#8221; is the absolute value of the index return. For example, a -5% index return will result in a +5% absolute value return.</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Calculation Day*:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">November 1, 2027</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Calculation Agent:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7.5pt;">Jefferies Financial Services Inc. (&#8220;JFSI&#8221;), a wholly owned subsidiary of Jefferies Financial Group Inc.</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Denominations:</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">$1,000 and any integral multiple of $1,000</div>
                </td>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Agents Discount**:</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Up to 2.575%; dealers, including those using the trade name Wells Fargo Advisors (&#8220;<u>WFA</u>&#8221;), may receive a selling concession of up to 2.00% and WFS may pay 0.075% of
                    the agent&#8217;s discount to WFA as a distribution expense fee</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">CUSIP:</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">47233YGN9</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>
              <tr>
                <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 24%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 2pt 0px 0px; font-size: 8pt;">Material Tax</div>
                  <div style="margin: 0px 0px 2pt; font-size: 8pt;">Consequences:</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                <td style="width: 73%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">See the preliminary pricing supplement.</div>
                </td>
                <td style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
              </tr>

          </table>
        </div>
        <div>
          <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 8pt;">*subject to change</div>
          <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 8pt;">** In addition, s<font style="color: rgb(0, 0, 0);">elected dealers may receive a fee of up to 0.20% for marketing and other services</font></div>
        </div>
      </div>
      <div style="float: right; width: 48%;" class="BRPFTCR">
        <div>
          <div style="margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-size: 14pt;">Hypothetical Payout Profile</div>
          <div style="margin-top: 2pt; margin-bottom: 2pt;"><img src="image00002.jpg"></div>
          <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">***assumes a maximum return equal to the lowest possible maximum return that may be determined on the pricing date.</div>
          <div style="margin-top: 2pt; margin-bottom: 2pt;"><br>
          </div>
          <div style="margin-top: 3pt; margin-bottom: 3pt; font-size: 8pt; font-weight: bold;">If the ending level is less than the threshold level, you will have 1-to-1 downside exposure to the decrease in the level of the Index in excess of the buffer
            amount and will lose some, and possibly up to 85%, of the face amount of your securities at maturity.</div>
        </div>
        <div>
          <div><br>
          </div>
          <div style="margin-top: 3pt; margin-bottom: 3pt; color: rgb(143, 143, 143); font-size: 7.5pt;">We estimate that the value of each security on the pricing date will be approximately $962.10, or within $30.00 of that estimate.&#160; See &#8220;Estimated Value
            of the Securities&#8221; in the accompanying preliminary pricing supplement for more information.</div>
          <div style="margin-top: 2pt; margin-bottom: 2pt;"><br>
          </div>
          <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt;">Preliminary Pricing Supplement: <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm">https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm</a></div>
          <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a></div>
        <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a></div>
      <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a>
      <div style="clear: both;"><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a> <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="zc99053b9c85d434a8b13a62ed74dc8a5">

            <tr>
              <td style="width: 100.00%;"><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm"> </a>
                <div><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125011286/ef20046439_424b5.htm">&#160;</a></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="margin-top: 3pt; margin-bottom: 3pt; font-weight: bold;">The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities.&#160; See &#8220;Selected Risk
        Considerations&#8221; in this term sheet and the accompanying preliminary pricing supplement and &#8220;Risk Factors&#8221; in the accompanying product supplement.</div>
      <div style="text-align: justify; margin-top: 3pt; margin-bottom: 3pt; color: rgb(187, 8, 38); font-size: 8pt; font-weight: bold;">This introductory term sheet does not provide all of the information that an investor should consider prior to making an
        investment decision.</div>
      <div style="margin-top: 3pt; margin-bottom: 3pt; color: rgb(143, 143, 143); font-size: 8pt; font-weight: bold;">Investors should carefully review the accompanying preliminary pricing supplement, product supplement, prospectus supplement and
        prospectus before making a decision to invest in the securities.</div>
      <div style="margin: 3pt 0px 0px; font-size: 8pt; font-weight: bold;">NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY</div>
      <div style="font-weight: 400;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 9pt; margin-bottom: 9pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="margin-top: 3pt; margin-bottom: 7.2pt; color: rgb(143, 143, 143); font-size: 14pt;">Selected Risk Considerations</div>
      <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt;">The risks set forth below are discussed in detail in the &#8220;Selected Risk Considerations&#8221; section in the accompanying preliminary pricing supplement and the &#8220;Risk Factors&#8221; section
        in the accompanying product supplement. Please review those risk disclosures carefully.</div>
      <div style="margin-top: 1pt; margin-bottom: 1pt;"><br>
      </div>
      <div style="float: left; width: 48%;" class="BRPFTCL">
        <div>
          <table cellspacing="0" cellpadding="0" id="zfe2457545fcc4acbb3d9d38002062dad" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">If The Ending Level Is Less Than The Threshold Level, You Will Lose Some, And Possibly Up To 85%, Of The Face Amount Of Your Securities At Maturity.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z8707af8fed6445c88bf2a9a4bc2dd383" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">Your Potential For A Positive Return From Depreciation Of The Index Is Limited.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zf7d2ab1db8eb433f89d7fcef163bd056" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">No Periodic Interest Will Be Paid On The Securities.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z65371708e43f4ae3b5284614ee0fc0f1" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">Your Return Will Be Limited To The Maximum Return And May Be Lower Than The Return On A Direct Investment In The Index.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zcdaac2b1f8ea46dbbcf009a2eb7a21ca" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Stated Maturity Date May Be Postponed If The Calculation Day Is Postponed.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z2bde096a761e4dc6bc78132e61126f50" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Tax Consequences Of An Investment In Your Securities Are Uncertain.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z9b8658f32c474ff69d03d23259bfa8a6" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Securities Are Subject To Our Credit Risk.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zb254a6d60894456e83369670fc216fd5" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Estimated Value Of The Securities On The Pricing Date, Based On Jefferies LLC Proprietary Pricing Models At That Time And Our Internal Funding Rate, Will Be Less Than The Original
                    Offering Price.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="z70eb742b6cb64727a847dabce7183c85" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 3.8pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Estimated Value Of The Securities Was Determined For Us By Our Subsidiary Using Proprietary Pricing Models.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zc39d0217a9e74f73ad5d235977d66e73" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Estimated Value Of The Securities Would Be Lower If It Were Calculated Based On Our Secondary Market Rate.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" border="0" id="ze687d35f220b43e080373a353ddd6781" class="DSPFListTable" style="margin: 6pt 0px 0px; width: 100%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Estimated Value Of The Securities Is Not An Indication Of The Price, If Any, At Which Jefferies LLC Or Any Other Person May Be Willing To Buy The Securities From You In The Secondary
                    Market.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="float: right; width: 48%;" class="BRPFTCR">
        <div>
          <table cellspacing="0" cellpadding="0" id="z88359a3d1ebb468f9651ced6017fad37" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Value Of The Securities Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zda2c56ef359e47faaf8d66da8831f6cb" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Securities Will Not Be Listed On Any Securities Exchange And The Issuer Does Not Expect A Trading Market For The Securities To Develop.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" id="zd23a0b97f9364c1890ed190454d9a461" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-bottom: 6pt; margin-top: 6pt;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">The Maturity Payment Amount Will Depend Upon The Performance Of The Index And Therefore The Securities Are Subject To The Risks Associated With The Index, As Discussed In The Accompanying
                    Pricing Supplement and Product Supplement.</div>
                </td>
              </tr>

          </table>
          <table cellspacing="0" cellpadding="0" border="0" id="z8701d22fc17243c2914e03b64cef3e72" class="DSPFListTable" style="margin: 6pt 0px 0px; width: 100%; color: #000000; font-family: Arial; font-size: 9pt; text-align: left;">

              <tr>
                <td style="width: 4.5pt;"><br>
                </td>
                <td style="width: 18pt; vertical-align: top;">&#8226;</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-size: 8pt; font-weight: bold;">Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="clear: both;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="zfeb3c4be42cb4f6e91942b902f83f46d">

            <tr>
              <td style="width: 100.00%;">
                <div>&#160;</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="color: rgb(143, 143, 143);">The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.&#160; Before you invest, you should read the prospectus in that registration
        statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering.&#160; You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.&#160; Alternatively, the
        issuer, any agent or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling your financial advisor or by calling Jefferies LLC.</div>
      <div><br>
      </div>
      <div style="color: rgb(143, 143, 143);">Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells
        Fargo Finance LLC and Wells Fargo &amp; Company.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 8pt;">2</font><br>
      </div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image00002.jpg
<TEXT>
begin 644 image00002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1" #G 6\# 2(  A$! Q$!_\0
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M_/-_TH_M2/\ YYO^E &A16?_ &I'_P \W_2C^U(_^>;_ *4 :%%9_P#:D?\
MSS?]*/[4C_YYO^E &A16?_:D?_/-_P!*/[4C_P">;_I0!H45G_VI'_SS?]*/
M[4C_ .>;_I0!H45G_P!J1_\ /-_TH_M2/_GF_P"E &A16?\ VI'_ ,\W_2C^
MU(_^>;_I0!H45G_VI'_SS?\ 2C^U(_\ GF_Z4 :%%9_]J)_SS?\ 2C^TT_YY
M2<T :%%9_P#:B?\ /)_TH_M1#TB?]* -"BL_^U$_YYO^E']J)_SS?]* -"BL
M_P#M2/\ YYO^E']J1_\ /-_TH T**S_[4C_YYO\ I1_:D?\ SS?]* -"BL_^
MU(_^>;_I1_:D?_/-_P!* -"BL_\ M2/_ )YO^E']J1_\\W_2@#0HK/\ [4C_
M .>;_I1_:D?_ #S?]* -"BL_^U(_^>;_ *4?VI'_ ,\W_2@#0HK/_M2/_GF_
MYBEM=26YN%CCB?:5+>9D;?\ Z] %^BBB@ HHJC?ZM8V%S;V]W<+'-/GRUP3D
M#&2<#@<CDX% %ZLSQ+_R [O_ '1_,5!;^*=%N GE7\9WYV@JRDX&>A&>001Z
M]LU/XD_Y =W_ +H_F* ,UOO'ZTE*WWC]:2@04444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110!F^)+6XO-"O8+*2:.Y>,^489-C%NPW=@:Y75-
M)UF34+YUM[R6W>5S(L=WL^T9+>24^8;0F5R..G>K6KV7BJ2_)L+UUM9+B7*[
MDQ''\H3T^7;O]3G!JK8V7BX16]JTUS###&093/&SN=OR@G!/!&">] &AIFGZ
MWI^MP.\KWEI*1]H:63[C%1N91GIV''X#.:;#9:]=ZY;&_DN%L8+T3,JNBJX'
MF;0H7YC'CR\AN=V:T-%35X=,NK6_DFEO K-#<N4.<J,#(P,AMW4=,5S5Q:>-
M)](%K+YK.X7=(MQ&' 4OG)[,V8^F0-O6@":*T\76\("S7#1;BK1JT1=8_E.Y
M&8??)+CYB1C\*AL8/',-JT;/\RI$D0;RV& !N^8\EL;LY_BV]J;:Q^-)=0E\
MBX*11RLK><$.6V+C>> W&!E<C<#6O;:=K$EKJHN)-026YTT0P^=<H624&3G*
MC ;YE^;T^E '6CH.O3OU_&EKG?"\6MQ7$_\ :[2F'RP%$DB/\^XXV[>0-FT'
M/5LFNBH **** "BBB@ HHHH ***:[A%)/89P!D_E0 ZHS*OF>6#E\9P.WU]*
M:0\R#):(=U&,D?7M4H '08H B$9D7%QM;)SM X'^-:.DC%XH' VFJE6]*_X_
M%_W30!MT444#"N<\2>%+;7=0MKJ:9XFC0Q/L4$LFX-A6ZJ<C&1U!(KHZ* .2
M;P3!+8&*ZO));HN'%T(U5QM0(@&.@ 53[D5H:[9+'X7,$DDLIMT0!V<AF(P,
MG'6MVLSQ)_R [O\ W1_,4 9K?>/UI*5OO'ZTE @HHHH **** "BBB@ HHHH
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M?1S-J",KQ*Z[MH+9VD $X)8Y)/3VK7A\-VB6U]$\US*U]&8[B5V&Y\L6+<
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M]']BZ8,8L;?CI\E'N>8>\6OM5O\ \_$/3/\ K!_C1]JM_P#GXA_[^#_&JO\
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M_P"$GT?_ )_#_P!^9/\ XFC_ (2?1_\ G\/_ 'YD_P#B: -FBL;_ (2?1_\
MG\/_ 'YD_P#B:/\ A)]'_P"?P_\ ?F3_ .)H V:*QO\ A)]'_P"?P_\ ?F3_
M .)H_P"$GT?_ )_#_P!^9/\ XF@#9HK&_P"$GT?_ )_#_P!^9/\ XFC_ (2?
M1_\ G\/_ 'YD_P#B: -FBL;_ (2?1_\ G\/_ 'YD_P#B:/\ A)]'_P"?P_\
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M\Z-[_P!YOSIM% #M[_WF_.C>_P#>;\Z;10 [>_\ >;\Z-[_WF_.FT4 .WO\
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M%DT:(UG:F-&#HODKA6 P"!C@@=* .'M_%FD7,4%M<Z!^\A(DCC$:-%',S#:
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M+_NF@#;HHHH&%%%<)XRUGQ%:ZI FE6-RD*J^P!5?[3)D #@-A0"3ABAX//%
M'=UF>)?^0'=_[H_F*XZ/5?$45I'=PRW-[9B0IA[7RYG0 %G(VC&"2HX'3H>M
M=1XAN)9/#;2QVS9E1&=)&"-&#@G/N/2@#B/B9<-'HR0?9/M44[MO4"3(*C<H
M!0$JQ/1B"!CH:U_"D$=OX?M(X61U 8[D5U!)8D_?^8\]SUZ\5#XUU1])T@R0
M&X6:258T>$<Q\\LW!^4=^/:G^%+J^OM(CN=0GCN#)S'*L/E,PZ'<NY@.1Q@]
M.N*!&S1110 45#=W4%G 9KJ9(8AU9SBL87>I:R/^)<IL+)A_Q\RKF1Q_L+V^
MIJXTW)7V7<F4DM.IH:GJMKIH43N6F?A(8QND?Z"L\6>HZQAM3D:QLSTM8&^=
MA_MM_05?TS2;33B7@0M.WWYY#ND;ZDUH5?/&'P;]_P#(GE<OB(+*TM[&W6"T
MB2*(=%4?S]:F)"C+$ >IJ/S=X80;79>.O _&CR@Q5I<.Z]\<?E63;;NRTK:(
M-SNS*JLBCC>>N?84Z.,1K@%CW)8Y)I]%(84444 %%%% !1110 QR-\>1GDX]
MN#3Z8V=R8]>?RI] !2-]T_2EI&^Z<>E "1\QKC@8%.IJ9V+GKCFG4 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !5O2O^/Q?]TU4JWI7_'XO^Z: -NBB
MB@84453OM3L;":"*]NH8))R1&LC8W8Z_T_,4 7*S/$O_ " [O_='\Q1;:_I-
MRJ-;ZA;2!U++AQR <']:/$O_ " [O_='\Q0!ROBZ+SM&E59)(Y/-C,;Q8WAM
MXQC++SGC&?SH\*-<MH%J;YQ)<9<,VX$G#$#."1G'49.#5/XA2[/#MQ'$\*W+
MG=")"1RGSDJ>S #(/:J7AO6X;;P_9V\<)N-0(8FUMP2RDL?]83T;^\3WS51@
MY.T27)15V=>Q"J68@*!DDG %8DNM27DC0:#"+IQPUP_RPQ_C_$?84T:3=:FP
MDUV8>5U6R@8B,?[YZM_*MN.-(HUCB14C4855& *T]R'F_P /^"1[TO)&59Z'
M&)Q=:G*;^\'1Y!\B?[J]!6Q39'6,9=@H)P,]Z9^\=F!&Q.@(/S'W]JSE.4W=
ME1BH["RR",=&9B<!5&2:38S.&9R .B#I^)[TZ.-8EVH,#J??ZT^I*$  &
M.PI:** "BBB@ HHHH **** "BBB@!C9W)CIGG\J?3''SQ\XP3CWX-/H *1ON
MG'I2TC?=/TH 1,[%SUQS3J;'Q&N.>!3J "BBB@ HHHH **** "BBB@ HHHH
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MOE96C$BL#&5W!@<@CUSZ4D<B2IOB=73IN4Y%</9>![J)+6">^MFL[882&-7
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ME5N&:&7)2)F9 &X^]E#[=!79Z/J$6IZ;#=0,K*XP=H. PX(YYX.: L869?\
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M_P#/I=_]^33#*PF6(VMWYC*6 \D\@8!_F*Z#5+^.PA#.RB23*Q!\A6?!(!8
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M.F#WH Z*-%C14C4*BC"JHP /2EKGM/\ $Z7E]!;&QNX?M"*\32*!G<I;!';
M']*JP^,&*?Z1I-Y%* &*8R IV\YX_O=/\: .HFBCGA>*9%DBD4JZ.,A@>"".
MXJG:Z-IEFT36FG6<#1!EC,<"J4!Z@8' />JFF^((]0N8HXK2[1)=VV5TPOR_
MCWYQ6HT^)O+\J4_[07Y?SH (+6WMV9H((HF8 ,40*2 ,#./0=*FJ%;C<[+Y,
MPP"<E>#]*S]2UAK)K?;87,PE)W%0!Y>&49.?][/X4 :U036EM-<0W$UO#)/#
MGRI&0%H\]=IZC/M7/_\ "8VSJYM[*\E*C*_(!GY0?P."#@\XY[4Q?&"YMU?2
MK]7?&\;,A <]#_%T[>M '20VEO#(9(8(HY"H0LB $J.@SZ5-7.1^*8YI+A(;
M*Y8P0^:QQP> =H(SD\U&WB^)9_+;3KX<A2=G()QC\,'KZ@CK0!T]5=0TZRU%
M8UU"SMKI8VW()XE?:>F1D<&L2\\4_9Q;2C3;M[66$2F0+\R$[L*5]?E]>]"^
M+(R9$_LZ],R%CY809VCH<Y[^E &Y%86<32F*TMT,K^;(5C WO_>/')]ZEMX(
MK:%8K>)(HEX5$4*H^@%%M*)[>*4*RB10VUA@C(Z&I* "BBB@"M/86EQ(CSVM
MO*Z2"56>,,5<# 89'7 QGK3UM;=9_.6"(3 $>8$ ;!.3S[GFIJ* "BBB@""X
ML[:YFAEN+>&66!MT3N@8QGU4GH?I4<6F6$5O]GBLK5(,L?+6)0N6^]QC'.3G
MUJW10 B(L:*D:A44850, #TI:** &R(LD;)(JNC##*PR"/0U4M])TZW:%K>P
MM(FA0QQ%(54QJ>JK@< ^@J[10!#!:V]NS-!!%$S !BB!20!@9QZ"IJ** "BB
MB@ HHHH **** "BBB@ HHHH **** "D8!E(8 @]0:** %  Z #OQ1110 444
M4 (5!8$@9'0XZ4M%% !1110 4$ @@C(/!!HHH 15"_= 'T%+110 4444 %%%
D% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 ?_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
