Published on 11/5/2003 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $10 million 2.5% Yeelds linked to Liberty Media
New York, Nov. 5 - Lehman Brothers Holdings Inc. priced $10 million of 2.5% Yeelds (Yield Enhanced Equity-Linked Debt Securities) linked to Liberty Media Corp. common stock, according to a 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 notes
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| Amount: | $10 million
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| Greenshoe: | $1.5 million
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| Maturity: | Nov. 7, 2004
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| Coupon: | 2.5%, payable quarterly
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| Price: | Par of $9.99
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| Payout at maturity: | Value of one share of Liberty Media Corp. common stock, capped at $12.987 (30% above initial value of $9.99) in cash or stock
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| Pricing date: | Oct. 31
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| Settlement: | Nov. 7
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| Underwriter: | Lehman Brothers
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