New Issue: Lehman prices $12.56 million 6.3% Yeelds linked to Applied Materials

New York, Nov. 11 - Lehman Brothers Holdings Inc. priced $12.562 million of 6.30% notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to Applied Materials, Inc. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

At maturity, the notes pay the value of one share of Applied Materials stock, capped at $19.3263, 10% above the initial value. If the stock never trades below the trigger price of $14.9340, 85% of the initial value, then there is a floor of par.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yield-Enhanced Equity-Linked Debt Securities (Yeelds) performance-linked medium-term senior notes
Underlying stock:	Applied Materials, Inc.
Amount:	$12.562 million
Greenshoe:	$1.884 million
Maturity:	May 15, 2006
Coupon:	6.30%
Price:	Par of $17.5694
Payout at maturity:	Value of 1 share of Applied Materials stock, capped at $19.3263, 10% above initial value; if stock never trades below trigger price, floor of par
Equity cap price:	$19.3263, 10% above initial value
Initial price:	$17.5694
Trigger price:	$14.9340, 85% of initial value
Pricing date:	Nov. 8
Settlement date:	Nov. 15
Underwriter:	Lehman Brothers

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