Document:

exv4w1

Exhibit 4.1

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE
TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON
OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED
UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL
SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

JEFFERIES GROUP, INC.

6.875% SENIOR NOTE, DUE APRIL 15, 2021

CUSIP Number: 472319 AH5

			
	 	 	 
	No. 1
	 	$400,000,000

          Jefferies Group, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the “Company”, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered
assigns, the principal sum of Four Hundred Million Dollars ($400,000,000) on April 15, 2021 and to
pay interest thereon from June 28, 2010 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on April 15 and October 15 in each year,
commencing October 15, 2010 at the rate of 6.875% per annum, until the principal hereof is paid or
made available for payment. The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will be paid, as provided in such Indenture, to the Person in whose name
this Security (or one or more Predecessor Securities) is

 

 

registered at the close of business on the
Regular Record Date for such interest, which shall be the April 1 or October 1 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to
Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be
paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in said Indenture.

          Payment of the principal of (and premium, if any) and any such interest on this Security will
be made at the office or agency of the Company maintained for that purpose in New York, New York,
in such coin or currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts provided, however, that at the option of
the Company payment of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register.

          Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

          Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

          IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.

Dated: June 28, 2010

	 	 	 	 	 	 	 

	Attest:	 	JEFFERIES GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	/s/ Roland T. Kelly
 

	 	By:
	 	/s/ Peregrine C. Broadbent
 

	 	 
	Roland T. Kelly

	 	 	 	Peregrine C. Broadbent	 	 
	Assistant Secretary

	 	 	 	Executive Vice President and Chief Financial Officer	 	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

This is one of the Securities of this series designated therein referred to in the within mentioned
Indenture.

THE BANK OF NEW YORK MELLON

	 	 	 	 	 

	By:
	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 

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Reverse of Note

               This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of
March 12, 2002, as supplemented by the First Supplemental Indenture, dated as of July 15, 2003 (as
so supplemented, herein called the “Indenture”), between the Company and The Bank of New York
Mellon, as Trustee (herein called the “Trustee”, which term includes any successor trustee under
the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof initially limited in aggregate principal amount to $400,000,000.

               The Securities of this series will be redeemable, in whole at any time or in part from
time to time, at the option of the Company at a redemption price equal to the greater of:

	 	(i)	 	100% of the principal amount of the Securities to be redeemed; or
	 
	 	(ii)	 	the sum of the present values of the remaining scheduled payments of principal
and interest thereon (not including any such portion of such payments of interest
accrued as of the date of redemption), discounted to the date of redemption on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate (as defined below), plus 50 basis points,

plus, in each case, accrued interest thereon to the date of redemption. Notwithstanding the
foregoing, installments of interest on Securities of this series that are due and payable on
interest payment dates falling on or prior to a redemption date will be payable on the interest
payment date to the registered holders as of the close of business on the relevant record date
according to the Indenture.

               “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Securities of this
series to be redeemed that would be utilized, at the time of selection in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of such Securities.

               “Comparable Treasury Price” means, with respect to any redemption date, (i) the average of
four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than four
such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one
Reference Treasury Dealer Quotation is received, such quotation.

               “Quotation Agent” means the Reference Treasury Dealer appointed by the Company.

               “Reference Treasury Dealer” means (i) Citigroup Global Markets Inc. (or its affiliates that
are Primary Treasury Dealers) and their respective successors; provided, however,

 

 

that if any of
the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a
“Primary Treasury Dealer”), the Company will
substitute therefore another Primary Treasury Dealer, and (ii) any other Primary Treasury
Dealer selected by it.

               “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any redemption date, the average, as determined by the Trustee, of the bid and asked prices for
the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the trustee by such reference treasury dealer at 5:00 p.m., New York City
time, on the third business day preceding such redemption date.

               “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price of such redemption date.

               Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
redemption date to each registered holder of the Securities to be redeemed. Unless the Company
defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Securities of this series or portions thereof called for redemption. If less than
all of the Securities of this series are to be redeemed, the Securities to be redeemed shall be
selected by the Trustee by a method the Trustee deems appropriate.

               In the event of redemption of this Security in part only, a new Security or Securities of
this series and of like tenor for the unredeemed portion hereof will be issued in the name of the
Holder hereof upon the cancellation hereof.

               The Indenture contains provisions for defeasance at any time of (l) the entire indebtedness of
this Security or (2) certain restrictive covenants and Events of Default with respect to this
Security, in each case upon compliance with certain conditions set forth in the Indenture.

               If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.

               The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting
the Holders of specified percentages in principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in

2

 

exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

               As provided in and subject to the provisions of the Indenture, the Holder of this Security
shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the
Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity and the Trustee shall not have received from the Holders of a majority in
principal amount of Securities of this series at the time Outstanding a direction inconsistent with
such request, and shall have failed to institute any such proceeding, for 60 days after receipt of
such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted
by the Holder of this Security for the enforcement of any payment of principal hereof or any
premium or interest hereon on or after the respective due dates expressed herein.

               No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and any premium and interest on this Security at the times, place and rate, and in
the coin or currency, herein prescribed.

               As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

               The Securities of this series are issuable only in registered form without coupons in
denominations of $5,000 and integral multiples of $1,000 in excess thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder surrendering the same.

               No service charge shall be made for any such registration of transfer or exchange, but the
Company or the Security Registrar may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

               Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

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               All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

4exv4w2

Exhibit 4.2

JEFFERIES GROUP, INC.

Officers’ Certificate Pursuant to

Section 3.01 of the Indenture

     The undersigned, Peregrine C. Broadbent, Executive Vice President of Jefferies Group, Inc., a
Delaware corporation (the “Company”) and Roland T. Kelly, Assistant Secretary of the
Company, pursuant to Section 3.01 of the Indenture, dated as of March 12, 2002, as supplemented by
the First Supplemental Indenture, dated as of July 15, 2003, between the Company and The Bank of
New York, as Trustee (as so supplemented, the “Indenture”), and pursuant to resolutions
duly adopted by the Board of Directors of the Company at a meeting duly called and held on June 21,
2010 (the “Resolutions”), hereby establish and approve the terms of a series of debt
securities of the Company, it being understood that any term used herein which is not defined
herein shall have the meaning ascribed to it in the Indenture:

     1. The title of the Securities of the series shall be the “$400,000,000 6.875% Senior Notes
due 2021,” CUSIP number 472319AH5 (the “Notes”).

     2. The initial aggregate principal amount of the Notes which may be authenticated and
delivered under the Indenture (except for the Note authenticated and delivered upon registration or
transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 3.04, 3.05, 3.06,
9.06 or 11.07 and except for any Notes which, pursuant to Section 3.03, are deemed never to have
been authenticated and delivered under the Indenture) is $400,000,000.

     3. The interest on each Note shall be payable on each April 15 and October 15 to the Person in
whose name that Note (or one or more Predecessor Notes) is registered at the close of business on
the Regular Record Date.

     4. The principal of the Notes shall be payable on April 15, 2021.

     5. The Notes shall bear interest at the rate of 6.875% per annum from June 28, 2010, payable
on each April 15 and October 15 to holders of record at the close of business on the immediately
preceding April 1 and October 1, commencing October 15, 2010.

     6. The principal of and interest and premium, if any, on the Notes shall be payable at such
location or locations as are set forth in the attached specimen Note.

     7. The Notes shall be subject to redemption at the option of the Company in whole or in part
at any time at the redemption price and upon the other terms and conditions as are set forth in the
attached specimen Note.

     8. The Notes shall not be subject to the redemption at the option of a Holder thereof or
pursuant to any sinking fund or analogous provisions.

 

 

     9. The Notes shall be issued in denominations of $5,000 and integral multiples of $1,000 in
excess thereof.

     10. The currency in which payment of the principal of and any premium and interest on the
Notes shall be payable is the United States dollar.

     11. The principal amount of the Notes shall be payable upon declaration of acceleration of the
Maturity thereof pursuant to Section 5.02 of the Indenture.

     12. The provisions of Article XIII of the Indenture shall not apply to the Notes.

     13. The Notes shall be subject to the Defeasance and Covenant Defeasance provisions of Article
XIV of the Indenture.

     14. The Notes shall not be convertible into the Common Stock of the Company or any other
securities.

     15. The Notes shall be issued by the Company to the Depository Trust Company in the form of
one or more Global Securities, and there are no circumstances other than those set forth in Section
3.05 of the Indenture in which any Global Security may be transferred to, and registered and
exchanged for Securities registered in the name of, a Person other than DTC or a nominee thereof.

     16. There shall not be any additions to or changes of the covenants set forth in Article X of
the Indenture that applies to the Notes.

     17. There shall be no other terms of the Notes, except as set forth herein and in the
Indenture.

     Furthermore, the undersigned, pursuant to Section 2.01 of the Indenture and pursuant to the
authority delegated by the Board of Directors of the Company to the undersigned in the Resolutions,
hereby establish the form of the Notes, a true and complete specimen of which is attached hereto.

[Remainder of page intentionally left blank]

 

 

     IN WITNESS WHEREOF, we have hereunto singed our names and affixed the seal of the Company this
28th day of June, 2010.

	 	 	 	 	 
	 	 	 
	 	                                                          /s/ Peregrine C. Broadbent
 	 
	 	Peregrine C. Broadbent 	 
	 	Executive Vice President 	 
	 
	 	 	 
	 	                                                          /s/ Roland T. Kelly
 	 
	 	Roland T. Kelly 	 
	 	Assistant Secretary

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