New Issue: Lehman sets final terms on $47 million notes linked to Russell Midcap Growth index

New York, Dec. 2 - Lehman Brothers Holdings Inc. set the final terms on its $47 million 0.25% notes linked to the Russell Midcap Growth index with a 6.35% premium, according to a 424B5 filing with the Securities and Exchange Commission.

The notes can be exchanged for the value of the index at any time. They automatically exchange at maturity or when called if the payout would be more valuable.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Performance-linked medium-term senior notes
Underlying index:	Russell Midcap Growth index
Amount:	$47 million
Greenshoe:	$7.05 million
Maturity:	Dec. 8, 2012
Coupon:	0.25%
Price:	Par
Payout at maturity:	Par, automatic exchange if more valuable
Exchange premium:	6.35%
Exchange price:	400.3014 level on index
Call:	Dec. 1, 2007 onwards, automatic exchange if more valuable
Pricing date:	Dec. 1
Settlement date:	Dec. 8
Underwriter:	Lehman Brothers

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