Published on 12/23/2004 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $23.28 million 12% Yeelds linked to CarMax stock
New York, Dec. 23 - Lehman Brothers Holdings Inc. priced $23.28 million of one-year 12% Yeelds (Yield Enhanced Equity-Linked Debt Securities) whose performance is linked to the common stock of CarMax, Inc., according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) senior notes
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| Underlying stock: | CarMax, Inc.
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| Amount: | $23.279 million
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| Greenshoe: | $3.49 million
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| Maturity: | Dec. 29, 2005
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| Coupon: | 12%, payable quarterly
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| Price: | Par of $30.45
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| Payout at maturity: | Final value of CarMax stock, capped at 105% of par or $31.9725, payable in cash or stock at Lehman's option
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 29
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| Underwriter: | Lehman Brothers
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