November 23, 2016
Filed pursuant to Rule 433
Registration Statement No. 333-209385 and 333-209385-01
Jefferies Group LLC
Senior Fixed Rate 12-Year Step-Up Callable Notes due November 29, 2028
| Issuers: | Jefferies Group LLC and Jefferies Group Capital Finance Inc., its wholly owned subsidiary. | |
| Title of the Series: | Senior Fixed Rate 12-Year Step-Up Callable Notes due November 29, 2028. | |
| Aggregate principal amount: | $10,000,000. The Issuers may increase the aggregate principal amount prior to the original issue date but are not required to do so. | |
| Issue price: | $1,000 per note (100%) | |
| Pricing date: | November 23, 2016 | |
| Original issue date: | November 29, 2016 (3 business days after the pricing date) | |
| Maturity date: | November 29, 2028 subject to the Issuers’ redemption right. | |
| Interest accrual date: | November 29, 2016 | |
| Interest rate: | 4.50%, from and including the original issue date to, but excluding, November 29, 2022. 5.25%, from and including November 29, 2022 to, but excluding, November 29, 2026. 6.00%, from and including November 29, 2026 to, but excluding, November 29, 2028. | |
| Interest payment period: | Semi-annual | |
| Interest payment dates: | Each May 29 and November 29, beginning May 29, 2017; provided that if any such day is not a business day, the interest payment will be made on the next succeeding business day and no adjustment will be made to any interest payment made on that succeeding business day. | |
| Day-count convention: | 30/360 | |
| Redemption: | The Issuers will have the right to redeem the notes, in whole or in part, on November 29, 2022, and pay 100% of the stated principal amount per note plus accrued and unpaid interest to, but excluding, the date of such redemption. If the Issuers elect to redeem the notes, they must provide notice at least 5 business days before the redemption date. | |
| Optional Redemption Date: | November 29, 2022 | |
| Specified currency: | U.S. dollars | |
| CUSIP/ISIN: | 47233JAF5 | |
| Book-entry or certificated note: | Book-entry | |
| Business day: | New York | |
| Agent: | Jefferies LLC, a wholly-owned subsidiary of Jefferies Group LLC and an affiliate of Jefferies Group Capital Finance Inc. | |
| Trustee: | The Bank of New York Mellon | |
| Use of Proceeds: | General corporate purposes | |
| Listing: | None | |
You should read this document together with the related prospectus and prospectus supplement,
each of which can be accessed via the hyperlinks below, before you decide to invest.
Preliminary pricing supplement dated November 21, 2016
Prospectus supplement dated August 5, 2016
Prospectus supplement dated February 4, 2016
Prospectus dated February 4, 2016
The issuer has filed a registration statement (including a prospectus) and has also filed a prospectus supplement and pricing supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus, prospectus supplement, pricing supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, the agent or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Jefferies LLC at (201)761-7610.