<SEC-DOCUMENT>0001140361-25-025689.txt : 20250714
<SEC-HEADER>0001140361-25-025689.hdr.sgml : 20250714
<ACCEPTANCE-DATETIME>20250711175008
ACCESSION NUMBER:		0001140361-25-025689
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250714
DATE AS OF CHANGE:		20250711

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:		251119821

	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>ef20051844_fwp.htm
<DESCRIPTION>DEAL 734
<TEXT>
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      <div style="text-align: right; color: rgb(0, 0, 0); font-weight: 400;"> <font style="color: rgb(51, 51, 51); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">Filed Pursuant to Rule 433</font><font style="font-weight: bold;"><br style="box-sizing: border-box; color: rgb(51, 51, 51); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial;">
          <font style="color: rgb(51, 51, 51); font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-indent: 0px; text-transform: none; word-spacing: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">Registration Statement No. 333-271881</font></font></div>
      <div style="text-align: left; color: rgb(0, 0, 0); font-weight: 400;"><br>
        <div style="margin-bottom: 1pt; color: rgb(187, 8, 38); font-family: Arial; font-size: 14pt; font-weight: bold; margin-left: 9pt;">Jefferies Financial Group Inc.</div>
        <div style="color: rgb(187, 8, 38); font-family: Arial; font-size: 10pt; font-weight: bold; margin-left: 9pt;">Market Linked Notes</div>
        <div style="color: rgb(187, 8, 38); font-family: Arial; font-size: 10pt; font-weight: bold;">
          <table cellspacing="0" cellpadding="4" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="zfde98e1bfa634bf4bdb9c64b10d57ea2">

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                <td style="background-color: #8F8F8F; width: 1%;"><br>
                </td>
                <td style="background-color: #8F8F8F; width: 99%;">
                  <div style="text-align: left; color: rgb(255, 255, 255);">Market Linked Notes&#8212;&#160;Auto-Callable with Contingent Coupon and Principal Return at Maturity</div>
                  <div style="background-color: rgb(143, 143, 143); color: rgb(255, 255, 255); text-align: left;">Notes Linked to the Lowest Performing of the Class A Common Stock of DraftKings Inc., the Class A Common Stock of</div>
                  <div style="background-color: rgb(143, 143, 143); color: rgb(255, 255, 255); text-align: left;">CrowdStrike Holdings, Inc., the Common Stock of Constellation Energy Corporation and the Class A Common Stock of</div>
                  <div style="background-color: rgb(143, 143, 143); color: rgb(255, 255, 255); text-align: left;">Carvana Co.<font style="font-weight: bold;">&#160;</font>due July 30, 2030</div>
                  <div style="text-align: left; color: rgb(255, 255, 255); font-size: 8pt;">Term Sheet to Preliminary Pricing Supplement dated July 11, 2025</div>
                </td>
              </tr>

          </table>
          <div> <br>
          </div>
          <div style="float: left; width: 49%;" class="BRPFTCL">
            <div>
              <div>
                <div style="color: rgb(143, 143, 143); font-size: 12pt;">Summary of Terms</div>
              </div>
              <table cellspacing="0" cellpadding="0" border="0" id="z8f805257684646949178e1996c6ab9ca" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
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                    <td style="width: 26%; vertical-align: top; border-top: 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-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Underlying Stocks:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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;">Class A common stock of DraftKings Inc. (Bloomberg ticker: DKNG), Class A common stock of CrowdStrike Holdings, Inc. (Bloomberg ticker: CRWD), common stock of
                        Constellation Energy Corporation (Bloomberg ticker: CEG) the Class A common stock of Carvana Co. (Bloomberg ticker: CVNA) (each referred to as an &#8220;<u>Underlying Stock</u>,&#8221; and collectively as the &#8220;<u>Underlying Stocks</u>&#8221;).</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 25, 2025</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 30, 2025</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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;">Payments:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 stock
                        closing price of the lowest performing Underlying Stock on the related calculation day is greater than or equal to its coupon threshold price. Each &#8220;contingent coupon payment,&#8221; if any, will be calculated per security as follows:
                        ($1,000 &#215; contingent coupon rate)/12.</div>
                    </td>
                  </tr>
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                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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;">Monthly, 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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&#8221;</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 12.20% per annum, to be determined on the pricing date.</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Automatic Call:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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; background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">If the stock closing
                        price of the lowest performing Underlying Stock on any of the calculation days&#160;from July 2026 to June 2030, inclusive, is greater than or equal to its starting price, the notes 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Calculation Days*:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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;">Monthly, on the 25th day of each month, commencing August 2025 and ending June 2030, and on July 25, 2030 (the &#8220;<u>final calculation day</u>&#8221;)</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Call Settlement Date:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Performance Factor:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 an Underlying Stock on any calculation day, its stock closing price on such calculation day divided by its starting price (expressed as a percentage).</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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;">Underlying Stock:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 Underlying Stock will be the Underlying Stock with the lowest performance factor on that calculation day.</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 30, 2030</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Starting Price:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 Underlying Stock, its stock closing price on the pricing date</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">Ending Price:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 Underlying Stock, its stock closing price on the final calculation day</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin: 2pt 0px 0px; font-size: 7pt;">Coupon Threshold</div>
                      <div style="margin: 0px 0px 2pt; font-size: 7pt;">Price:</div>
                    </td>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; 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;">For each Underlying Stock, 75% of its starting price</div>
                    </td>
                  </tr>

              </table>
              <div>
                <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt; font-weight: normal; color: rgb(0, 0, 0);">*subject to change</div>
                <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt; font-weight: normal;"><font style="color: rgb(0, 0, 0);">** In addition, selected dealers may receive a fee of up to 0.30% for marketing and other services</font></div>
              </div>
            </div>
          </div>
          <div style="float: right; width: 49%;" class="BRPFTCR">
            <div>
              <div>
                <div style="color: rgb(143, 143, 143); font-size: 12pt;">Summary of Terms (continued)</div>
              </div>
              <table cellspacing="0" cellpadding="0" border="0" id="zf7086103bd774202abee87d284d61b8a" 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 Services Inc. (&#8220;JFSI&#8221;), a wholly owned subsidiary of Jefferies Financial Group Inc.</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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 style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: middle; border-top: 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 3.325%; dealers, including those using the trade name Wells Fargo Advisors (&#8220;<u>WFA</u>&#8221;), may receive a selling concession of up to 2.00% and WFS may pay 0.075%
                        of the agent&#8217;s discount to WFA as a distribution expense fee</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 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-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: middle; border-top: 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;">47233YKU8</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 1%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 26%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); 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 style="width: 1%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);" colspan="1"><br>
                    </td>
                    <td style="width: 72%; vertical-align: middle; border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                      <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 7pt;">See the preliminary pricing supplement.</div>
                    </td>
                  </tr>

              </table>
              <div> <br>
              </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 note on the pricing date will be approximately $949.20, or within $30.00 of that estimate.&#160; See &#8220;Estimated
                  Value of the Notes&#8221; in the accompanying preliminary pricing supplement for more information.</div>
                <div style="margin-top: 2pt; margin-bottom: 2pt;"><br>
                </div>
                <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt; color: rgb(0, 0, 0);">Preliminary Pricing Supplement: </div>
                <div style="margin-top: 2pt; margin-bottom: 2pt; font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal;"><a href="https://www.sec.gov/Archives/edgar/data/96223/000114036125025641/ef20051845_424b2.htm">https://www.sec.gov/Archives/edgar/data/96223/000114036125025641/ef20051845_424b2.htm</a></div>
              </div>
            </div>
          </div>
          <div style="clear: both;">
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="z0be8d89a70244352864202fb833df468">

                <tr>
                  <td style="border-bottom: 1px solid #8F8F8F; width: 100%;"><br>
                  </td>
                </tr>

            </table>
            <div>
              <div>
                <div style="font-size: 7.5pt; font-weight: bold; color: rgb(0, 0, 0); margin-left: 9pt;">The notes have complex features and investing in the notes 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; margin-left: 9pt;">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; margin-left: 9pt;">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; color: rgb(0, 0, 0); margin-left: 9pt;">NOT A BANK DEPOSIT AND NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENTAL AGENCY</div>
              </div>
            </div>
            <div> <br>
            </div>
            <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
              <div style="page-break-after: always;" class="BRPFPageBreak">
                <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 style="font-size: 9pt; font-weight: 400; color: rgb(0, 0, 0);">
              <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="text-align: justify; margin-top: 1pt; margin-bottom: 1pt;"> <br>
              </div>
              <div style="float: left; width: 49%;" class="BRPFTCL">
                <div>
                  <table cellspacing="0" cellpadding="0" id="zece93f37e9264780bed9b56085666874" 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 May Receive Only the Face Amount of Your Notes at Maturity.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z4444f35f131e4887ae355c38252e3eea" 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 Notes 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 Notes.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z969b55e4128f417f83221c571e295921" 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 Notes Are Subject To The Full Risks Of Each Underlying Stock And Will Be Negatively Affected If Any Underlying Stock Performs Poorly, Even If The Other Underlying Stocks Perform
                            Favorably.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z26c3c304b1614aba8510f86c1243199d" 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 Notes Will Depend Solely On The Performance Of The Underlying Stock That Is The Lowest Performing Underlying Stock On Each Calculation Day, And You Will Not
                            Benefit In Any Way From The Performance Of The Better Performing Underlying Stocks.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z6af07cffeda345b1982e51c47f4b90f7" 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 style="font-weight: bold; color: rgb(0, 0, 0);">You Will Be Subject To Risks Resulting From The Relationship Among The </font><font style="font-weight: bold;">Underlying Stock</font><font style="font-weight: bold; color: rgb(0, 0, 0);">s.</font></div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="zceb44e4e0d5a486d9581ab25d212cc4a" 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 style="font-weight: bold; color: rgb(0, 0, 0);">You Will Not Participate In Any Positive Performance Of Any </font><font style="font-weight: bold;">Underlying Stock</font><font style="font-weight: bold; color: rgb(0, 0, 0);">.</font></div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z01112b7ae24e4b52962469a460d81ab2" 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="color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Higher Contingent Coupon Rates Are Associated With Greater Risk.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z1db8ab443a2c4539b8743402be02b585" 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 Notes Are Subject To A Potential Automatic Call, Which Would Limit Your Ability To Receive Further Payment On The Notes.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z8f7c002fa334482882bd039b1df9219f" 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;">A Contingent Coupon Payment Date, A Call Settlement Date Or The Stated Maturity Date May Be Postponed If A Calculation Day Is Postponed.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z6297864490b044ceb2d63ba8325576d2" 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 Treatment of Your Notes is Uncertain. However, It Would be Reasonable To Treat Your Notes as Variable Rate Debt Instruments for U.S. Federal Income Tax Purposes.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z0a60f3ff7ddd47f5875b075169d26cf8" 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;">Foreign Account Tax Compliance Act (FATCA) Withholding May Apply to Payments on Your Securities, Including as a Result of the Failure of the Bank or Broker Through Which You Hold the
                            Securities to Provide Information to Tax Authorities.</div>
                        </td>
                      </tr>

                  </table>
                  <div>
                    <table cellspacing="0" cellpadding="0" style="font-family: Arial; font-size: 9pt; width: 100%;" id="zf85b4e225ba24caa9d5d4d5fd7a6ad06" class="DSPFListTable">

                        <tr style="vertical-align: top;">
                          <td style="width: 4.5pt;"><br>
                          </td>
                          <td style="text-align: right; vertical-align: top; width: 18pt;">
                            <div style="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 Notes Are Subject To Our Credit Risk.</font></div>
                          </td>
                        </tr>

                    </table>
                  </div>
                </div>
              </div>
              <div style="float: right; width: 49%;" class="BRPFTCR">
                <div>
                  <table cellspacing="0" cellpadding="0" id="za6ac82c8484e45c289443bd0bcfa0094" 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 Notes 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="z86e235d940ce43e0923d049ea96b9795" 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 Notes Was Determined For Us By Our Subsidiary Using Proprietary Pricing Models.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z695affd2b1f148088b9c863e4d90b94e" 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 Notes Would Be Lower If It Were Calculated Based On Our Secondary Market Rate.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="ze8e6dda75edf49dba664462ee827e19c" 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 Notes Is Not An Indication Of The Price, If Any, At Which WFS, Jefferies LLC Or Any Other Person May Be Willing To Buy The Notes From You In The Secondary
                            Market.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z0a86f18e11cc417c93c146fa1e2a47f6" 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 Notes Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex Ways.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z0e236bf4f4e6480a87166549be7f2169" 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 Notes Will Not Be Listed On Any Securities Exchange And The Issuer Does Not Expect A Trading Market For The Notes To Develop.</div>
                        </td>
                      </tr>

                  </table>
                  <table cellspacing="0" cellpadding="0" id="z3a4b4c72d9ae44a8af2912c9ad633171" 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>
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                          <div style="font-size: 8pt; font-weight: bold;">Any Payments On The Notes And Whether The Notes Are Automatically Called Will Depend Upon The Performance Of Each Underlying Stock And Therefore The Notes Are Subject To The Risks
                            Associated With The Underlying Stocks, As Discussed In The Accompanying Pricing Supplement and Product Supplement.</div>
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                          <div style="font-size: 8pt; font-weight: bold;">The Underlying Stocks Have Limited Actual Historical Information.</div>
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                            <div style="text-align: left;">&#8226;</div>
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                          <td style="text-align: left; vertical-align: top; width: auto;">
                            <div><font 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.</font></div>
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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>
                  <div><br>
                  </div>
                  <div style="color: rgb(143, 143, 143);">Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank
                    affiliates of Wells Fargo Finance LLC and Wells Fargo &amp; Company.</div>
                  <div style="color: rgb(143, 143, 143);"> <br>
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                  <div style="color: rgb(143, 143, 143);"> <br>
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                  <div style="text-align: center; color: rgb(143, 143, 143);"> <font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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