<SEC-DOCUMENT>0001140361-25-024401.txt : 20250701
<SEC-HEADER>0001140361-25-024401.hdr.sgml : 20250701
<ACCEPTANCE-DATETIME>20250701170627
ACCESSION NUMBER:		0001140361-25-024401
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250701
DATE AS OF CHANGE:		20250701

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:		251097340

	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>ef20051363_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;">
        <div style="text-align: left; margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 16pt; font-weight: bold;">Jefferies Financial Group Inc.</div>
        <div style="text-align: left; margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 12pt; font-weight: bold;">Market Linked Securities</div>
        <div style="text-align: left; margin-bottom: 1pt; color: rgb(187, 8, 38); font-size: 12pt; font-weight: bold;"><font style="font-weight: bold;"> </font></div>
        <div style="color: rgb(187, 8, 38); font-size: 12pt; font-weight: bold; text-align: left;">
          <table cellspacing="0" cellpadding="1" 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>
                </td>
                <td style="background-color: rgb(143, 143, 143); width: 99%;">
                  <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 Lowest Performing of the S&amp;P 500<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index and the NASDAQ-100 Index<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174; </sup>due February 4, 2027</div>
                  <div style="text-align: left; color: rgb(255, 255, 255); font-size: 12pt;">Term Sheet to Preliminary Pricing Supplement dated July 1, 2025</div>
                </td>
              </tr>

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          <div style="float: left; width: 50%;" class="BRPFTCL">
            <div>
              <div>
                <div style="color: rgb(143, 143, 143); font-size: 14pt; font-weight: normal;">Summary of Terms</div>
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                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Issuer:</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);" colspan="1">&#160;</td>
                    <td style="width: 69%; 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: 7pt;">Jefferies Financial Group Inc.</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
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                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Market Measures:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">S&amp;P 500<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index and NASDAQ-100 Index<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> (each referred to as an &#8220;<u>Index</u>,&#8221; and collectively as the &#8220;<u>Indices</u>&#8221;).</div>
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                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
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                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Pricing Date*:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">July 31, 2025</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Issue Date*:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">August 5, 2025</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
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                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); border-right: 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 style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 per security</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
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                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); border-right: 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>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; 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: 7pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;"> &#160; &#160; </font><font style="font-size: 7pt;">if the
                          ending level of the lowest performing Index is greater than its starting level:</font></div>
                      <div style="text-align: center; margin-left: 7.7pt; margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 <font style="font-style: italic;">plus </font>the lesser of: (i) $1,000 &#215; index return of the lowest performing Index &#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: 7pt;">&#8226;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.15pt;">&#160; &#160;&#160; </font><font style="font-size: 7pt;">if the
                          ending level of the lowest performing Index is less than or equal to its starting level, but greater than or equal to its threshold level:</font></div>
                      <div style="text-align: center; margin-left: 7.7pt; margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">$1,000 + ($1,000 &#215; absolute value return of the lowest performing Index); 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 level of the lowest performing Index is less than its threshold level:</font></div>
                      <div style="margin-top: 2pt; margin-bottom: 2pt; text-indent: -9pt; margin-left: 9pt;"><font style="font-size: 7pt;"> <br>
                        </font></div>
                      <div style="text-align: center; margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt; text-indent: 9pt;">$1,000 + [$1,000 &#215; (index return of the lowest performing Index + buffer amount)]</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); border-right: 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;"> Index:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">The Index with the lowest index return</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Stated Maturity Date*:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">February 4, 2027</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Starting Level:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to each Index, its closing level on the pricing date</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Ending Level:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to each Index, its closing level on the calculation day</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Maximum Return:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">At least 14.20% of the face amount per security, to be determined on the pricing date</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Threshold Level:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to each Index, 85% of its starting level</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Buffer Amount:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">15%</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                      <div style="margin: 2pt 0px 0px; font-size: 7pt;">Upside Participation</div>
                      <div style="margin: 0px 0px 2pt; font-size: 7pt;"> Rate:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">100%</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Index Return:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to each Index, (ending level &#8211; starting level) / starting level</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Absolute Value Return:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">With respect to each Index, the &#8220;<u>absolute value return</u>&#8221; is the absolute value of its index return. For example, a -5% index return will result in a +5% absolute
                        value return.</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Calculation Day*:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">February 1, 2027</div>
                    </td>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 28%; vertical-align: top; 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;">Calculation Agent:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    <td style="width: 69%; vertical-align: top; border-bottom: 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>
                    <td colspan="1" style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
                  </tr>

              </table>
              <div>
                <div style="margin: 1pt 0px 0px; color: #000000; font-size: 8pt; font-weight: normal;">*subject to change</div>
                <div style="margin: 0px 0px 1pt; color: #000000; font-size: 8pt; font-weight: normal;">** In addition, selected dealers may receive a fee of up to 0.10% for marketing and other services</div>
              </div>
            </div>
          </div>
          <div style="float: right; width: 48%;" class="BRPFTCR">
            <div>
              <div style="margin-left: 4.3pt; margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-weight: normal;">Summary of Terms (continued)</div>
              <div style="margin: 2pt 0px 0px 4.3pt; color: rgb(143, 143, 143);">
                <table cellspacing="0" cellpadding="0" border="0" id="z7d594ba9a7e347b2bc454fdfb5861d4e" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

                    <tr>
                      <td style="width: 1%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 28%; 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: 7pt;">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);" colspan="1">&#160;</td>
                      <td style="width: 69%; 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: 7pt;">$1,000 and any integral multiple of $1,000</div>
                      </td>
                      <td style="width: 1%; vertical-align: top; border-right: 1px solid rgb(0, 0, 0); border-top: 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-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 28%; vertical-align: top; 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: 7pt;">Agents Discount**:</div>
                      </td>
                      <td style="width: 1%; vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 69%; vertical-align: middle; border-bottom: 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>
                      <td style="width: 1%; vertical-align: middle; 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-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 28%; vertical-align: top; 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: 7pt;">CUSIP:</div>
                      </td>
                      <td style="width: 1%; vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 69%; vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
                        <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">47233YKL8</div>
                      </td>
                      <td style="width: 1%; vertical-align: middle; 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-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 28%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); border-right: 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 style="width: 1%; vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td style="width: 69%; vertical-align: middle; border-bottom: 1px solid rgb(0, 0, 0);">
                        <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">See the preliminary pricing supplement.</div>
                      </td>
                      <td style="width: 1%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                    </tr>

                </table>
                <div>
                  <div style="margin-left: 4.3pt; margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-size: 14pt; font-weight: normal;">Hypothetical Payout Profile***</div>
                  <div style="margin-left: 4.3pt; margin-top: 2pt; margin-bottom: 6pt; color: rgb(143, 143, 143); font-size: 14pt;"> <img src="image00001.jpg"></div>
                  <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt; color: rgb(0, 0, 0); font-weight: normal;">***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; font-size: 7pt;"> <br>
                  </div>
                  <div style="margin: 2pt 0px 0px; font-size: 7pt;">
                    <div style="font-weight: bold; color: rgb(0, 0, 0);">If the ending level of the lowest performing Index is less than its threshold level, you will have 1-to-1 downside exposure to the decrease in the level of the lowest performing 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 style="color: rgb(0, 0, 0); font-size: 9pt; font-weight: 400;">
                      <div style="margin-top: 3pt; margin-bottom: 3pt; color: rgb(143, 143, 143); font-size: 7pt;">We estimate that the value of each security on the pricing date will be approximately $972.60, 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>
                    <div style="margin: 3pt 2pt 3pt 4.5pt; color: rgb(143, 143, 143);"><br>
                    </div>
                    <div style="margin-top: 2pt; margin-bottom: 0px; color: rgb(0, 0, 0);">Preliminary Pricing Supplement: <a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125024374/ef20051365_424b5.htm">https://www.sec.gov/Archives/edgar/data/96223/000114036125024374/ef20051365_424b5.htm</a></div>
                  </div>
                </div>
              </div>
            </div>
          </div>
          <div style="font-size: 9pt; font-weight: 400; color: rgb(0, 0, 0);"> <br>
          </div>
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            </div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="z349e13c3f2ee4c41bcadd0ec7b8d63e8">

                <tr>
                  <td style="width: 100.00%;"><br>
                  </td>
                </tr>

            </table>
            <div>
              <div style="margin: 0px 0px 3pt; color: #000000; font-size: 9pt; 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="font-size: 8pt; color: rgb(0, 0, 0);">NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY</div>
              <div style="font-size: 8pt; color: rgb(0, 0, 0);"> <br>
              </div>
            </div>
            <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
              <div style="page-break-after: always;" class="BRPFPageBreak">
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            <div>
              <div style="margin-top: 3pt; margin-bottom: 7.2pt; color: rgb(143, 143, 143); font-size: 14pt; font-weight: normal;">Selected Risk Considerations</div>
              <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 9pt; color: rgb(0, 0, 0); font-weight: normal;">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>
            <div style="font-size: 9pt; font-weight: 400; color: rgb(0, 0, 0);"> <br>
            </div>
            <div style="float: left; width: 48%;" class="BRPFTCL">
              <div>
                <table cellspacing="0" cellpadding="0" border="0" id="zf1c13ae04e384387a344cb89c9f74672" class="DSPFListTable" style="margin: 0px 0px 6pt; 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; font-size: 8pt;">&#8226;</td>
                      <td style="width: auto; vertical-align: top;">
                        <div style="font-size: 8pt; font-weight: bold;">If The Ending Level Of The Lowest Performing Index Is Less Than Its Threshold Level, You Will Lose Some, And Possibly Up To 85%, Of The Face Amount Of Your Securities At Maturity.</div>
                      </td>
                    </tr>

                </table>
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                    <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 Lowest Performing Index Is Limited.</div>
                      </td>
                    </tr>

                </table>
                <table cellspacing="0" cellpadding="0" id="z7d3c06bd736f4732b202dc1bc903ff73" 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="z1489f38229c64086bdece0b2c94c8b55" 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 Lowest Performing Index.</div>
                      </td>
                    </tr>

                </table>
                <table cellspacing="0" cellpadding="0" id="zf957278a81964225b625c859099de90b" 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 The Full Risks Of Each Index And Will Be Negatively Affected If Any Index Performs Poorly, Even If The Other Index Performs Favorably.</div>
                      </td>
                    </tr>

                </table>
                <table cellspacing="0" cellpadding="0" id="z9b03ff6e5b7a424b941acf3bc0424c84" 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 On The Securities Will Depend Solely On The Performance Of The Index That Is The Lowest Performing Index On The Calculation Day, And You Will Not Benefit In Any Way From
                          The Performance Of The Better Performing Index.</div>
                      </td>
                    </tr>

                </table>
                <table cellspacing="0" cellpadding="0" id="z308a83568fca426fa34a402fa4394066" 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;">You Will Be Subject To Risks Resulting From The Relationship Among The Indices.</div>
                      </td>
                    </tr>

                </table>
                <table cellspacing="0" cellpadding="0" id="z68c569a5220d4920879fd3d4c5468bfa" 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="z7e96b5de2b004ae6aae02bdef953cd2d" 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>
                <div>
                  <table cellspacing="0" cellpadding="0" border="0" 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; font-size: 8pt;">&#8226;</td>
                        <td style="width: auto; vertical-align: top;">
                          <div style="font-size: 8pt; font-weight: bold;">
                            <div><font style="font-weight: bold; color: rgb(0, 0, 0);">The Securities Are Subject To Our Credit Risk.</font></div>
                          </div>
                        </td>
                      </tr>

                  </table>
                </div>
              </div>
            </div>
            <div style="float: right; width: 48%;" class="BRPFTCR">
              <div>
                <table cellspacing="0" cellpadding="0" border="0" id="z87cba5a3328f48aa8a3cd81dab8ec415" class="DSPFListTable" style="margin: 0px 0px 6pt; 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 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="z2ad4ba6ef6d24b29834dde2a703e33f2" 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="zaed70d01c9ed469ca462f58ee6d84160" 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" id="z5a472ae2c27e48d08e998986a48e0de3" 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 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>
                <table cellspacing="0" cellpadding="0" id="z1073bd5e179548a28e7e493036177357" 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>
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                      <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
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                        <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>
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                      <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
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                        <div style="font-size: 8pt; font-weight: bold;">The Maturity Payment Amount Will Depend Upon The Performance Of Each 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>
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                      <td style="width: 18pt; vertical-align: top; font-size: 8pt;">&#8226;</td>
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                        <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>
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                        <td style="width: 4.5pt;">&#160;</td>
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                          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">&#8226;</font></div>
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                        <td style="text-align: left; vertical-align: top; width: auto;">
                          <div><font style="font-size: 8pt; font-weight: bold; color: rgb(0, 0, 0);">An Investment In The Securities Is Subject To Risks Associated With Investing In Non-U.S. Companies.</font></div>
                        </td>
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              <div style="color: rgb(143, 143, 143); font-size: 9pt;">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 style="font-size: 9pt; font-weight: 400; color: rgb(0, 0, 0);"><br>
              </div>
              <div style="color: rgb(143, 143, 143); font-size: 9pt;">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&#160;&amp; Company.</div>
              <div style="color: rgb(0, 0, 0); font-size: 9pt; font-weight: 400;"> <br>
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              </div>
              <div>
                <div>
                  <div style="text-align: right;">
                    <div style="color: rgb(187, 8, 38); font-weight: bold; text-align: left;">
                      <div>
                        <div>
                          <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: 400;"> 2<br>
                          </div>
                          <div style="color: rgb(143, 143, 143); font-size: 9pt;">
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
