Published on 3/31/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $10 million 5% Yeelds linked to Apple
By Angela McDaniels
Seattle, March 31 - Lehman Brothers Holdings Inc. priced $10,000,005 of 5% Yeelds (Yield Enhanced Equity-Linked Debt Securities) due April 5, 2008 linked to Apple Computer Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) medium-term senior series H notes
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| Underlying stock: | Apple Computer Inc.
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| Amount: | $10,000,005.55
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| Greenshoe: | $1,499,979.50
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| Maturity: | April 5, 2008
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| Coupon: | 5%, payable monthly
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| Price: | Par of $60.95
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| Payout at maturity: | Final value of Apple stock on valuation date of March 31, 2008, capped at $96.6058, payable in stock or cash at Lehmans's option
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| Cap price: | $96.6058, 158.5% of initial value
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| Pricing date: | March 29
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| Settlement date: | April 5
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| Underwriter: | Lehman Brothers Inc.
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