New Issue: Lehman prices $50 million notes linked to S&P 500

New York, Oct. 11 - Lehman Brothers Holdings Inc. priced $50 million equity income notes linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The notes pay an annual coupon linked to the S&P 500. If the index is above its initial level on the observation date ahead of the coupon, then the coupon payment will be 7.55%. Otherwise investors receive no interest.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Equity income medium-term senior notes
Underlying index:	S&P 500
Amount:	$50 million
Greenshoe:	$7.5 million
Maturity:	Oct. 13, 2015
Coupon:	Annual payment based on level of index 15 calendar days earlier; if index is above initial level then coupon is 7.55%, otherwise 0%
Price:	Par
Pricing date:	Oct. 6
Settlement date:	Oct. 13
Underwriter:	Lehman Brothers

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