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Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item
Published on 1/27/2006 in the Prospect News Convertibles Daily.

Lehman plans 9% Yeelds linked to ConocoPhillips stock

By Jennifer Chiou

New York, Jan. 27 - Lehman Brothers Holdings Inc. is planning to price an issue of 9% Yeelds (Yield Enhanced Equity-Linked Debt Securities) due Feb. 4, 2007 performance linked to ConocoPhillips stock, according to a 424B5 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout will be based on the performance of the oil company's stock on the valuation date, Jan. 29, 2007. Investors will receive the final value of ConocoPhillips stock, capped at 115% of par, payable in cash or shares at Lehman's option.

Lehman Brothers, the underwriter, will have an over-allotment option.


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