Jefferies Financial Group Prices Senior Autocallable Barrier Notes Linked to Dow Jones, Russell 2000, and S&P 500

Autocallable Notes Structure and Features

Jefferies Financial Group Inc., a prominent U.S. investment bank and financial services firm, issued Senior Autocallable Barrier Notes as senior unsecured obligations ranking equally with its other senior debt. Filed under Registration No. 333-295759 on July 20, 2026, as part of the Series A Global Medium-Term Notes program, these notes provide exposure to the worst-performing of three key U.S. stock indices: Dow Jones Industrial Average, Russell 2000, and S&P 500.

The notes include an autocall mechanism triggering automatic redemption if the Worst-Performing Underlying reaches its Call Value on any Call Observation Date, which begin quarterly approximately two years after the Pricing Date, starting July 31, 2028. Upon autocall, investors receive the principal plus the Call Premium, with no further payments due. This design offers potential upside via periodic premiums and the possibility of early redemption should market conditions meet the autocall criteria.

Pricing Details, Terms, and Maturity Payments

Each note was priced at $1,000 with a Stated Principal Amount of $1,000. The Pricing Date was July 31, 2026, and the Original Issue Date was August 5, 2026, three business days later. The estimated value on the Pricing Date was about $978.90 per note, within $30 of this estimate. The Maturity Date is August 5, 2031, subject to postponement if the Valuation Date is delayed. The total principal amount offered was not disclosed.

At maturity, payments depend on the Worst-Performing Underlying’s performance relative to its Threshold Value, set at 60% of its Initial Value. If the Final Value meets or exceeds this threshold, investors receive the full $1,000 principal. If below, the maturity payment will be less, potentially resulting in partial or total loss of principal. Initial Values are based on the Index Closing Values on the Pricing Date.

Call Premium and Quarterly Observation Schedule

The Call Premium represents a key income component, offering approximately 12.50% annualized returns per Call Observation Date. Structured as "Snowball Coupon Notes," the Call Premium increases with each successive observation if the notes remain outstanding. Specific Call Premium amounts and payment dates are detailed in the pricing supplement.

Quarterly Call Observation Dates, commencing about two years after Pricing Date, assess whether the autocall triggers. On each date, the Worst-Performing Underlying’s Observation Value is compared to its Call Value, equal to 100% of its Initial Value. If the Observation Value meets or exceeds this threshold, the notes are automatically called. Call Payment Dates may be postponed if the corresponding Observation Date is delayed, as outlined in product documentation. This quarterly schedule provides regular opportunities for early redemption with accrued premiums.

Underlying Indices and Worst-Performer Determination

The notes track three major U.S. equity indices: Dow Jones Industrial Average (INDU), Russell 2000 (RTY), and S&P 500 (SPX). The Worst-Performing Underlying is the index with the lowest relative performance compared to its Initial Value on the Pricing Date, July 31, 2026. The Valuation Date for final maturity calculations is July 31, 2031, subject to postponement.

This approach offers diversified exposure across large-cap (Dow Jones), small-cap (Russell 2000), and broad-market (S&P 500) segments. However, the worst-performer mechanism means downside in any single index can reduce returns, introducing concentration risk tied to the weakest index’s performance. Index Closing Values on Observation Dates determine Observation Values, while the Valuation Date closing determines the Final Value.

Senior Unsecured Status and Credit Risk

The notes are senior unsecured obligations of Jefferies Financial Group Inc., with no collateral backing. All payments depend on Jefferies' creditworthiness; default could result in partial or total loss. Investors hold no security interest in underlying indices or assets. Recovery in default would be limited to general unsecured claims, ranking equally with other senior unsecured debt.

Investors should carefully assess Jefferies Financial Group’s financial health, credit rating, and competitive position when considering these notes, as credit risk is a significant factor in potential returns.

Use of Proceeds and Distribution Details

Proceeds from the offering will support general corporate purposes. The aggregate principal amount raised was not disclosed. Notes will be issued in book-entry form via The Depository Trust Company around August 5, 2026, facilitating electronic transfer and custody.

Distribution is managed by Jefferies LLC, a wholly-owned subsidiary serving as Agent. Jefferies Financial Services, Inc. acts as Calculation Agent, and The Bank of New York Mellon is Trustee. A structuring fee up to $7.00 per note will be paid to participating registered broker-dealers. The offering is subject to FINRA Rule 5121 due to Jefferies LLC’s involvement.

Tax and Legal Considerations

The pricing supplement includes a Supplemental Discussion of U.S. Federal Income Tax Consequences, referencing accompanying product supplements and prospectus materials. Investors should consult tax advisors regarding federal, state, and local tax implications on interest, maturity payments, and sales or redemptions, as tax treatment may affect net returns.

Forward-looking statements in the offering are subject to risks and uncertainties that could cause actual results to vary materially. Neither the SEC nor state securities regulators have approved or disapproved the notes. Investors should rely solely on information in the pricing supplement and related documents.

Risk Factors and Investment Warnings

Significant risks include potential loss if the Worst-Performing Underlying falls below 60% of its Initial Value at maturity, possibly resulting in less than full principal repayment or total loss. Credit risk of Jefferies Financial Group is paramount, as default could impair payments. The unsecured nature offers no collateral protection.

Additional risks include interest rate fluctuations affecting secondary market value, market risk from declines in the tracked indices impacting autocall likelihood and final payment, and limited liquidity due to absence of an active secondary market. Currency risk is not applicable since notes are U.S. dollar denominated. Investors should review the full Risk Factors section and consult financial and tax professionals before investing.

Estimated Value and Market Implications

The estimated Pricing Date value was approximately $978.90 per note, below the $1,000 issue price due to embedded autocall features, downside risk, and issuer bid-ask spreads. The Public Offering Price was 100% of principal. Underwriting discounts and commissions were not disclosed.

This estimated value is theoretical and does not guarantee secondary market pricing, which depends on market conditions, credit spreads, volatility, and investor demand. No exchange listing was disclosed, and liquidity may be limited. The immediate impact on Jefferies Financial Group’s stock price was not evident from public filings.