Filed pursuant to Rule 433
Dated January 22, 2014
Registration No. 333-183619
JMP GROUP INC.
$42,000,000
7.25% Senior Notes due January 15, 2021
Term Sheet
|
Issuer: |
JMP Group Inc. |
|
Security description: |
7.25% Senior Notes due 2021 (the “Notes”) |
|
Type of offering: |
SEC Registered |
|
Principal amount: |
$42,000,000 |
|
Over-allotment option: |
$6,300,000 |
|
Maturity: |
January 15, 2021 |
|
Coupon: |
7.25% |
|
Interest payment dates: |
January 15, April 15, July 15 and October 15, commencing on April 15, 2014 |
|
Redemption: |
Redeemable at par on or after January 15, 2017 |
|
Trade date: |
January 22, 2014 |
|
Settlement: |
T+5; January 29, 2014 |
|
Offering price: |
$25 per Note |
|
Underwriters’ discount: |
$0.75 per Note |
|
Price to issuer: |
$24.25 per Note |
|
Proceeds, before expenses: |
$40,740,000 |
|
CUSIP / ISIN: |
46629U 305 / US46629U3059 |
|
Ratings: |
Not rated |
|
Proposed listing: |
Intend to apply to list on the New York Stock Exchange, Inc.; if approved for listing, trading is expected to begin within 30 days of issuance |
|
Joint Book-Running Managers: |
Keefe, Bruyette & Woods, Inc. |
|
Jefferies LLC | |
|
JMP Securities LLC | |
|
Lead Manager: |
Sterne, Agee & Leach, Inc. |
|
Co-Manager: |
Gilford Securities Incorporated |
|
Trustee: |
U.S. Bank National Association |
__________________
It is expected that delivery of the notes will be made against payment therefor on or about January 29, 2014, which is the fifth business day following the date hereof (such settlement cycle being referred to as “T+5”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in three business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to make such trades should consult their own advisor.
The Issuer has filed a registration statement (including a preliminary prospectus supplement and accompanying prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus 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 preliminary prospectus supplement and accompanying prospectus if you request it by calling Keefe, Bruyette & Woods, Inc. toll-free at 800-966-1559, Jefferies LLC toll-free at 800-547-6340 or JMP Securities at 415-835-8985.
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