By Jennifer Chiou
New York, Jan. 22 - Lehman Brothers Holdings Inc. priced a $17 million issue of 0.25% notes due Jan. 26, 2014 linked to the common stocks of Intersil Corp., Seagate Technology and Fairchild Semiconductor International Inc., according to a 424B5 filing with the Securities and Exchange Commission.
The stocks are equally weighted.
If the value of the stock basket exceeds the threshold value on Jan. 17, 2014, the final valuation date, investors will receive par plus the return on the basket, payable in stock or cash at Lehman's option. Otherwise, investors will receive par.
The threshold value is $111.87, which is 111.87% of the initial basket level.
The notes are callable beginning Jan. 19, 2010. The redemption amount will be calculated in the same manner as the payout at maturity.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Medium-term notes, series I
|
| Underlying stocks: | Intersil Corp., Seagate Technology, Fairchild Semiconductor International Inc., equally weighted
|
| Amount: | $17 million
|
| Greenshoe: | $2.55 million
|
| Maturity: | Jan. 26, 2014
|
| Coupon: | 0.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus the basket return if the final level exceeds the threshold value; otherwise par
|
| Threshold value: | $111.87, equal to 111.87% of $100.00, the initial basket level
|
| Callable: | Beginning Jan. 19, 2010
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 26
|
| Underwriter: | Lehman Brothers Inc.
|
| Underwriting discount: | 0.13%
|
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