Published on 9/1/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $5.5 million 1% notes linked to Agilent Technologies
By Jennifer Chiou
New York, Sept. 1 - Lehman Brothers Holdings Inc. priced $5.5 million 1% notes due 2012 performance linked to Agilent Technologies, Inc. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Performance-linked medium-term series H senior notes
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| Underlying stock: | Agilent Technologies, Inc.
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| Amount: | $5.5 million
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| Greenshoe: | $0.825 million
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| Maturity: | Sept. 7, 2012
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| Coupon: | 1%
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| Price: | Par
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| Exchange premium: | 20.8%
|
| Exchange price: | $38.1873
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| Payout at maturity: | Greater of par in cash or percentage appreciation above exchange price of $38.1873 plus accrued interest
|
| Call: | Aug. 30, 2008 onwards
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| Pricing date: | Aug. 30
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| Settlement: | Sept. 7
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| Underwriter: | Lehman Brothers
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| Distribution: | Off shelf
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