Published on 9/1/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $29 million 7% Yeelds linked to TXU
By Jennifer Chiou
New York, Sept. 1 - Lehman Brothers Holdings Inc. priced $29 million 7% notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to TXU Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
At maturity, the notes pay the value of one share of TXU stock, capped at $112.178, which is 15% above the initial price.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Yield-Enhanced Equity-Linked Debt Securities (Yeelds) performance-linked medium-term senior notes
|
| Underlying stock: | TXU Corp.
|
| Amount: | $29 million
|
| Greenshoe: | $4,349,970
|
| Maturity: | Sept. 8, 2006
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| Coupon: | 7%
|
| Price: | Par
|
| Equity cap price: | $112.178
|
| Initial price: | $97.5461
|
| Payout at maturity: | Value of 1 share of TXU stock, capped at $112.178, 15% above initial price
|
| Call: | Aug. 31, 2006
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 7
|
| Underwriter: | Lehman Brothers
|
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