New Issue: Lehman prices $85 million 7% Yeelds linked to Solectron stock

New York, March 8 - Lehman Brothers Holdings Inc. priced $85 million of 11/2-year 7% Yeelds (Yield Enhanced Equity-Linked Debt Securities) whose performance is linked to the common stock of Solectron Corp., according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yeelds (Yield Enhanced Equity-Linked Debt Securities) senior notes
Underlying stock:	Solectron Corp.
Amount:	$85 million
Greenshoe:	$12.75 million
Maturity:	Sept. 11, 2005
Coupon:	7%, payable quarterly
Price:	Par of $25
Payout at maturity:	Par multiplied by final value of Solectron stock divided by $6.50, capped at 140% of par or $35.00, payable in cash or stock at Lehman's option
Pricing date:	March 4
Settlement date:	March 11
Underwriter:	Lehman Brothers

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.