Published on 2/23/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $10 million 5.5% Yeelds linked to Time Warner
By Angela McDaniels
Seattle, Feb. 23 - Lehman Brothers Holdings Inc. priced $10,076,460 of 5.5% Yeelds (Yield Enhanced Equity-Linked Debt Securities) linked to Time Warner Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) medium-term senior notes, series H
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| Underlying stock: | Time Warner Inc.
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| Amount: | $10,076,460
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| Greenshoe: | $1,511,469
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| Maturity: | Aug. 28, 2006
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| Coupon: | 5.5%, payable monthly
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| Price: | Par of $17.678
|
| Payout at maturity: | Par if Time Warner stock never drops below trigger value of $15.0263, otherwise final value of Time Warner stock, capped at 105% of par or $18.5619
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| Cap price: | $18.5619, 105% of initial value
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| Trigger price: | $15.0263, 85% of initial value
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 28
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| Underwriter: | Lehman Brothers Inc.
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