New Issue: Lehman prices $15.12 million 5.85% Yeelds linked to Gap

New York, Aug. 23 - Lehman Brothers Holdings Inc. priced $15.12 million of 5.85% nine-month notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to Gap, Inc. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yield-Enhanced Equity-Linked Debt Securities (Yeelds) performance-linked medium-term senior notes
Underlying stock:	Gap, Inc.
Amount:	$15.12 million
Greenshoe:	$2.267 million
Maturity:	May 26, 2006
Coupon:	5.85%
Price:	Par of $19.80
Yield:	5.85%
Payout at maturity:	Value of 1 share of Gap stock, capped at $21.78, 10% above initial price; floor of par if Gap stock never trades below trigger price of $16.83
Exchange price:	$19.80
Exchange ratio:	1
Trigger price:	$16.83, 85% of initial price
Pricing date:	Aug. 19
Settlement date:	Aug. 26
Underwriter:	Lehman Brothers
Distribution:	Off shelf

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