Published on 12/6/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $4 million notes linked to Cendant at 1%, up 11.8%
New York, Dec. 6 - Lehman Brothers Holdings Inc. priced $4 million of 1% notes linked to the common stock of Cendant Corp., according to a 424B5 filing with the Securities and Exchange Commission.
The notes were priced with an 11.8% initial exchange premium.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Performance-linked medium-term senior notes
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| Underlying stock: | Cendant Corp.
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| Amount: | $4 million
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| Greenshoe: | $0.6 million
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| Maturity: | Dec. 9, 2012
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| Coupon: | 1%
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| Price: | Par
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| Payout at maturity: | Par, automatic exchange if more valuable
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| Exchange premium: | 11.8%
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| Exchange price: | $20.1799
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| Initial price: | $18.05
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| Call: | Dec. 2, 2008 onwards, automatic exchange if more valuable
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| Pricing date: | Dec. 2
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| Settlement date: | Dec. 9
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| Underwriter: | Lehman Brothers
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