Lehman Brothers plans 10% Yeelds linked to Analog Devices

By Angela McDaniels

Seattle, Aug. 29 - Lehman Brothers Holdings Inc. plans to price an issue of 10% Yield Enhanced Equity Linked Debt Securities (Yeelds) due March 5, 2007 linked to the common stock of Analog Devices, Inc., according to a 424B5 filing with the Securities and Exchange Commission.

Each security will have a principal amount equal to one share of Analog Devices stock. Settlement is expected to be on or about Sept. 5.

Interest will be paid quarterly.

At maturity, investors will receive the value of one Analog Devices share, payable in stock or cash. The total payout will be capped at 110.69% of the initial share value.

Lehman Brothers is the underwriter for the offering and will be granted a greenshoe.

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