Published on 3/2/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $20 million 3.3% Yeelds linked to Starbucks
By Jennifer Chiou
New York, March 2 - Lehman Brothers Holdings Inc. priced $20,000,010 of 3.3% Yeelds (Yield Enhanced Equity-Linked Debt Securities) linked to Starbucks Corp. 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 series H notes
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| Underlying stock: | Starbucks Corp.
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| Amount: | $20,000,010
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| Greenshoe: | $3 million
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| Maturity: | March 8, 2007
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| Coupon: | 3.3%, payable monthly
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| Price: | Par of $35.6007
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| Payout at maturity: | Final value of Starbucks stock, capped at 120% of par or $42.7208; investors share in losses if settlement value of Starbucks stock is lower than initial value
|
| Cap price: | $42.7208, 120% of initial value
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| Exchange price: | $35.6007
|
| Exchange ratio: | 1
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| Pricing date: | March 1
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| Settlement date: | March 7
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| Underwriter: | Lehman Brothers Inc.
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