Published on 2/6/2004 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $42.51 million 0.75% notes exchangeable for First Data
New York, Feb. 6 - Lehman Brothers Holdings Inc. priced $42.51 million of seven-year 0.75% notes exchangeable for First Data Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Exchangeable medium-term notes
|
| Underlying stock: | First Data Corp.
|
| Amount: | $42.51 million
|
| Greenshoe: | $6.38 million
|
| Maturity: | Feb. 11, 2011
|
| Coupon: | 0.75%
|
| Price: | Par
|
| Exchange premium: | 20%
|
| Exchange price: | $46.524
|
| Exchange ratio: | 21.494283
|
| Payout at maturity: | Greater of 21.494283 shares of First Data stock in shares or cash or $1,000 in cash or First Data stock
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 11
|
| Underwriter: | Lehman Brothers
|
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