I'm not so familiar with callable step-up notes, however TD Ameritrade sent me a targeted offer for a Jefferies Group LLC callable step-up note. The details are below:
CUSIP: 47233JBR8
Ratings: Baa3/BBB-
Order Period: Until 02/13/2019
Coupon: 5.10% to 02/19/2025; 6.00% to 02/19/2030; 7.00% to 02/19/2034
Maturity: 02/19/2034
Payment Frequency: Semi-Annual
Call Status: Callable 02/19/2025 & 02/19/2030 @100
Not FDIC insured.
I have a Domestic/International/Bond, strategy. Quite simple. Would this fit into the bond category well? Any thoughts or suggestions would be appreciated.
CUSIP: 47233JBR8
Ratings: Baa3/BBB-
Order Period: Until 02/13/2019
Coupon: 5.10% to 02/19/2025; 6.00% to 02/19/2030; 7.00% to 02/19/2034
Maturity: 02/19/2034
Payment Frequency: Semi-Annual
Call Status: Callable 02/19/2025 & 02/19/2030 @100
Not FDIC insured.
I have a Domestic/International/Bond, strategy. Quite simple. Would this fit into the bond category well? Any thoughts or suggestions would be appreciated.