<SEC-DOCUMENT>0001140361-25-023957.txt : 20250627
<SEC-HEADER>0001140361-25-023957.hdr.sgml : 20250627
<ACCEPTANCE-DATETIME>20250627142930
ACCESSION NUMBER:		0001140361-25-023957
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250627
DATE AS OF CHANGE:		20250627

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:		251085095

	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>ef20051290_fwp.htm
<DESCRIPTION>TERM SHEET
<TEXT>
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      <div style="text-align: right;"><font style="font-weight: bold;">Filed Pursuant to Rule 433<br>
        </font></div>
      <div style="text-align: right;"><font style="font-weight: bold;">Registration Statement No. 333- 271881</font></div>
      <div style="text-align: right;"><font style="font-weight: bold;"> <br>
        </font></div>
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        <div style="color: rgb(255, 255, 255); font-size: 8pt;"><br>
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        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 14pt; font-weight: bold;">Jefferies Financial Group Inc.</div>
        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 10pt; font-weight: bold;">Market Linked Securities</div>
        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 10pt; font-weight: bold;">
          <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 16pt; font-weight: bold;">
            <table cellspacing="0" cellpadding="0" border="0" style="margin: 0px 0px 4pt; width: 100%; color: #000000; font-family: Arial; font-size: 9pt;">

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                  <td style="background-color: rgb(143, 143, 143); width: 1%;">
                    <div>&#160;</div>
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                  <td style="background-color: rgb(143, 143, 143); width: 99%;">
                    <div style="margin: 4pt 0px 0px;">
                      <div style="text-align: left; color: rgb(255, 255, 255);">Market Linked Securities&#8212;&#160;Auto-Callable with Contingent Coupon and Contingent Downside</div>
                      <div style="text-align: left; color: rgb(255, 255, 255);">Principal at Risk Securities Linked to the Lowest Performing of the VanEck<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Gold Miners ETF and the iShares<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Silver Trust due July 27, 2028</div>
                      <div style="margin: 0px 0px 10pt; color: #FFFFFF; font-size: 8pt; text-align: left;">Term Sheet to Preliminary Pricing Supplement dated June 27, 2025</div>
                    </div>
                  </td>
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            <div style="color: rgb(255, 255, 255); font-size: 8pt;">
              <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 16pt; font-weight: bold;"> </div>
            </div>
          </div>
        </div>
        <div class="BRPFTCL" style="float: left; width: 48%; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(143, 143, 143); font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;">
          <div>Summary of Terms</div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" class="cfttable" id="z5e3df42fdd864341a08d331d11fb4b3a" style="font-family: Arial; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; 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: 7pt;">Issuer:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Jefferies Financial Group Inc.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Market Measures:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">VanEck<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Gold Miners ETF and iShares<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Silver Trust (each a &#8220;<u>Market Measure</u>,&#8221; and collectively the &#8220;<u>Market Measures</u>&#8221;).</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Pricing Date*:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">July 31, 2025</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Issue Date*:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">August 5, 2025</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 2pt 0px 0px; font-size: 7pt;">Face Amount and</div>
                    <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Original Offering Price:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 per security</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 0px 0px 0px; font-size: 7pt;">Contingent Coupon Payments:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if, and only if, the closing
                      price of the lowest performing Market Measure on the related calculation day is greater than or equal to its threshold price. Each &#8220;contingent coupon payment,&#8221; if any, will be calculated per security as follows: ($1,000 &#215; contingent
                      coupon rate)/4.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 2pt 0px 0px; font-size: 7pt;">Contingent Coupon</div>
                    <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Payment Dates:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Quarterly, on the third business day following each calculation day; provided that the contingent coupon payment date with respect to the final calculation day will be
                      the stated maturity date.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 2pt 0px 0px; font-size: 7pt;">Contingent Coupon</div>
                    <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Rate*</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">At least 12.30% per annum, to be determined on the pricing date.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Automatic Call:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">If the closing price of the lowest performing Market Measure on any of the calculation days from January 2026 to April 2028, inclusive, is greater than or equal to its
                      starting price, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security equal to the face amount plus a final contingent coupon payment.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Calculation Days*:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Quarterly, on the 24th day of each January, April, July and October, commencing October 2025 and ending April 2028, and on July 24, 2028 (the &#8220;<u>final calculation day</u>&#8221;)</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Call Settlement Date:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Three business days after the applicable calculation day.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Performance Factor:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to a Market Measure on any calculation day, its fund closing price on such calculation day divided by its starting price (expressed as a percentage).</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 2pt 0px 0px; font-size: 7pt;">Maturity Payment</div>
                    <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Amount (per security):</div>
                    <div>&#160;</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 7pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;">&#160;&#160;&#160; </font><font style="font-size: 7pt;">if the
                        ending price of the lowest performing Market Measure on the final&#160;&#160;&#160; calculation day is greater than or equal to its threshold price:</font></div>
                    <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt; text-indent: 0pt; margin-left: 9pt;">$1,000; or</div>
                    <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 7pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;"> &#160; &#160; </font><font style="font-size: 7pt;">if the
                        ending price of the lowest performing Market Measure on the final&#160; calculation day is less than its threshold price:</font></div>
                    <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 &#215; performance factor of the lowest performing Market Measure</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin: 2pt 0px 0px; font-size: 7pt;">Lowest Performing </div>
                    <div style="margin: 0px 0px 2pt; font-size: 7pt;">Market Measure:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">For any calculation day, the lowest performing Market Measure will be the Market Measure with the lowest performance factor on that calculation day.</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Stated Maturity Date*:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">July 27, 2028</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Starting Price:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">For each Market Measure, its fund closing price on the pricing date</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Ending Price:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">For each Market Measure, its fund closing price on the final calculation day</div>
                  </td>
                </tr>
                <tr>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Threshold Price:</div>
                  </td>
                  <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                  <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                    <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">For each Market Measure, 70% of its starting price</div>
                  </td>
                </tr>

            </table>
            <div>
              <div style="margin-left: 4.5pt; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">*subject
                to change</div>
              <div style="margin-left: 4.5pt; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">** In
                addition, selected dealers may receive a fee of up to 0.20% for marketing and other services</div>
            </div>
          </div>
        </div>
        <div class="BRPFTCR" style="float: right; width: 48%;">
          <div>
            <div style="margin: 0px 0px 0px; color: #8F8F8F; font-size: 12pt;">Summary of Terms (continued)</div>
            <div style="margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-size: 12pt;">
              <table cellspacing="0" cellpadding="0" border="0" class="cfttable" id="z62e9d0586d7541ba9d9b26cddb237622" style="font-family: Arial; font-size: 9pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

                  <tr>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin: 2pt 0px 0px; font-size: 7pt;">Calculation</div>
                      <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Agent:</div>
                    </td>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Jefferies Financial Services Inc. (&#8220;JFSI&#8221;), a wholly owned subsidiary of Jefferies Financial Group Inc.</div>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Denominations:</div>
                    </td>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 and any integral multiple of $1,000</div>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin: 2pt 0px 0px; font-size: 7pt;">Agents</div>
                      <div style="margin: 0px 0px 2pt; font-size: 7pt;">Discount**:</div>
                    </td>
                    <td colspan="1" style="vertical-align: middle; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: middle; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Up to 2.325%; dealers, including those using the trade name Wells Fargo Advisors (&#8220;<u>WFA</u>&#8221;), may receive a selling concession of up to 1.75% and WFS may pay 0.075%
                        of the agent&#8217;s discount to WFA as a distribution expense fee</div>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">CUSIP:</div>
                    </td>
                    <td colspan="1" style="vertical-align: middle; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: middle; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">47233YKG9</div>
                    </td>
                  </tr>
                  <tr>
                    <td colspan="1" style="vertical-align: top; width: 2%; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: top; width: 27%; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin: 2pt 0px 0px; font-size: 7pt;">Material Tax </div>
                      <div style="margin: 0px 0px 2pt; font-size: 7pt;">Consequences:</div>
                    </td>
                    <td colspan="1" style="vertical-align: middle; width: 2%; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);">&#160;</td>
                    <td style="vertical-align: middle; width: 69%; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">See the preliminary pricing supplement.</div>
                    </td>
                  </tr>

              </table>
              <div>
                <div style="margin-left: 4.3pt; margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-size: 14pt;">
                  <div style="margin-left: 4.3pt; margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143);">
                    <div style="margin-top: 0px; margin-bottom: 6pt; color: rgb(143, 143, 143);">Hypothetical Payout Profile (Maturity Payment Amount)</div>
                  </div>
                </div>
                <div style="margin: 2pt 0px 0px;"><img src="image00001.jpg"></div>
                <div>
                  <div><br>
                  </div>
                  <div style="background-color: #FFFFFF; margin: 0px 0px 3pt; color: #000000; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none;">If the securities are not automatically called prior to stated
                    maturity and the ending price of the lowest performing Market Measure on the final calculation day is less than its threshold price, you will lose more than 30%, and possibly all, of the face amount of your securities at stated
                    maturity.</div>
                  <div style="margin-top: 3pt; margin-bottom: 3pt; font-size: 8pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Any return on the securities
                    will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of any Market Measure, but you will have full downside exposure to the lowest performing Market Measure on the final
                    calculation day if the ending price of that Market Measure is less than the threshold price.</div>
                </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 $969.10, 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: 3pt 2pt 3pt 4.5pt; color: rgb(143, 143, 143); font-size: 7.5pt;"> <br>
                </div>
              </div>
              <div>
                <div style="background-color: #FFFFFF; margin: 2pt 0px 0px; color: #000000; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none;">Preliminary Pricing Supplement: </div>
                <div style="background-color: #FFFFFF; margin: 2pt 0px 0px; color: #000000; font-size: 8pt; font-style: normal; font-variant: normal; font-weight: bold; text-transform: none;"><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125023943/ef20051289_424b5.htm"><font style="font-weight: normal;">https://www.sec.gov/Archives/edgar/data/96223/000114036125023943/ef20051289_424b5.htm</font></a></div>
              </div>
            </div>
          </div>
        </div>
        <div style="clear: both;">
          <table cellspacing="0" cellpadding="0" border="0" id="z67c2e78ddaea40469a845fe2d3576994" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 100%;">
                  <div>&#160;</div>
                </td>
              </tr>

          </table>
          <div>
            <hr noshade="noshade" align="center" style="height: 1pt; width: 100%; color: #8F8F8F; background-color: #8F8F8F; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div>
            <div style="font-size: 7.5pt; 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; color: rgb(187, 8, 38); font-size: 7.5pt; 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="color: rgb(143, 143, 143); font-size: 7.5pt; 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="font-size: 7.5pt; font-weight: bold;">NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY</div>
          </div>
          <div> <br>
          </div>
        </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="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <!--PROfilePageNumberReset%Num%2%%%--></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 class="BRPFTCL" style="float: left; width: 48%;">
        <div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: left; vertical-align: top; width: 18pt;">
                    <div style="margin: 0px 0px 6pt;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div style="margin: 0px 0px 0px;"><font style="font-size: 8pt; font-weight: bold;">If The Securities Are Not Automatically Called Prior To Stated Maturity, You May Lose Some Or All Of The Face Amount Of Your Securities At Stated
                        Maturity.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">The Securities Do Not Provide For Fixed Payments Of Interest And You May Receive No Coupon Payments On One Or More Contingent Coupon Payment Dates, Or Even Throughout The Entire Term
                        Of The Securities.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">The Securities Are Subject To The Full Risks Of Each Market Measure And Will Be Negatively Affected If Any Market Measure Performs Poorly, Even If The Other Market Measure Performs
                        Favorably.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">Your Return On The Securities Will Depend Solely On The Performance Of The Market Measure That Is The Lowest Performing Market Measure On Each Calculation Day, And You Will Not
                        Benefit In Any Way From The Performance Of The Better Performing Market Measure.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">You Will Be Subject To Risks Resulting From The Relationship Among The Market Measures.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">You May Be Fully Exposed To The Decline In The Lowest Performing Market Measure On The Final Calculation Day From Its Starting Price, But Will Not Participate In
                        Any Positive Performance Of Any Market Measure.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Higher Contingent Coupon Rates Are Associated With Greater Risk.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">The Securities Are Subject To A Potential Automatic Call, Which Would Limit Your Ability To Receive Further Payment On The Securities.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">A Contingent Coupon Payment Date, A Call Settlement Date Or The Stated Maturity Date May Be Postponed If A Calculation Day Is Postponed.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" class="DSPFListTable" id="z1cb9f24f3789491e8674a945e4463206" style="margin: 6pt 0px; width: 100%; font-family: Arial; font-size: 9pt;">

                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">The Tax Consequences Of An Investment In Your Securities Are Uncertain.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">Your Notes may be subject to the constructive ownership rules.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;">&#8226;</div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div><font style="font-size: 8pt; font-weight: bold;">The Securities Are Subject To Our Credit Risk.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;">&#8226;</div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div style="margin: 0px 0px 0px;"><font 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.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;"><font style="font-size: 8pt;">&#8226;</font></div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
                    <div style="margin: 0px 0px 0px;"><font style="font-size: 8pt; font-weight: bold;">The Estimated Value Of The Securities Was Determined For Us By Our Subsidiary Using Proprietary Pricing Models.</font></div>
                  </td>
                </tr>

            </table>
          </div>
          <div>
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                <tr style="vertical-align: top;">
                  <td style="text-align: right; vertical-align: top; width: 18pt;">
                    <div style="margin-top: 0px; margin-bottom: 0px; text-align: left;">&#8226;</div>
                  </td>
                  <td style="text-align: left; vertical-align: top; width: auto;">
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      <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>
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      <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
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
