fwp
November 2, 2010
Filed pursuant to Rule 433
Registration Statement No. 333-160214
3.875% SENIOR NOTES DUE 2015
     
Issuer:
  Jefferies Group, Inc.
 
    
Issue:
  Senior Notes due 2015
 
    
Security Type:
  Senior Unsecured Fixed Rate Notes
 
    
Anticipated Ratings (Moody’s/S&P/Fitch):
  Baa2(Stable)/BBB(Stable)/BBB(Stable)
 
    
Principal Amount:
  $500,000,000
 
    
Trade Date:
  November 2, 2010
 
    
Settlement Date:
  November 9, 2010 (T + 5)
 
    
Final Maturity:
  November 9, 2015
 
    
Interest Payment Dates:
  Semi-annually on May 9, and November 9, commencing on May 9, 2011
 
    
Benchmark Treasury:
  1.25% UST due 10/31/15
 
    
Spread to Benchmark:
  T + 275 basis points
 
    
Treasury Strike:
  1.161%
 
    
Yield to Maturity:
  3.911%
 
    
Coupon:
  3.875%
 
    
Public Offering Price:
  99.838% of principal amount
 
    
Underwriting Discount:
  0.300%
 
    
Proceeds, Before Expenses:
  $497,690,000
 
    
Day Count Convention:
  30/360
 
    
Make-Whole Call Payment:
  UST + 40 basis points
 
    
Minimum Denominations:
  $5,000 and integral multiples of $1,000 in excess thereof
 
    
CUSIP:
  472319AJ1
 
    
ISIN:
  US472319AJ14
 
    
Sole Bookrunner:
  Jefferies & Company, Inc.
 
    
Co-Managers:
  BNY Mellon Capital Markets, LLC
 
  Citigroup Global Markets Inc.
 
  J.P. Morgan Securities LLC
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement 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, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Jefferies & Company, Inc. at (201)761-7610.