The non-bank issuer is poised to price the first structured note of its kind in the US tomorrow as Bitcoin price hits another record high.
Jefferies Financial Group (Jefferies) is gearing up to issue a structured note linked to the iShares Bitcoin Trust ETF (IBIT) for US investors, according to a preliminary pricing sheet the firm filed to the Securities and Exchange Commission (SEC) on 8 July. With a three-year tenor, the principal-at-risk note is set to be priced tomorrow (15 July) and issued on 18 July. It features a 200% upside participation with the maximum payout capped at 190% of the principal amount at maturity. Investor