New Issue: Lehman prices $2.645 million 0% notes linked to four indexes

By Angela McDaniels

Seattle, March 9 - Lehman Brothers Holdings Inc. priced $2.645 million of 0% notes due March 10, 2009 linked to a basket of four indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The underlying indexes are the Down Jones Euro Stoxx 50 Index with a 33% weight, the FTSE 100 Index with a 32% weight, the Nikkei 225 Index with a 25% weight and the S&P/ASX 200 Index with a 10% weight.

Payout at maturity is par plus 130% of any gain on the basket. If the basket level declines by up to 20%, payout is par. Beyond a 20% decline, the payout is par less 125% of the loss.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Limited principal protection senior unsecured medium-term notes
Underlying indexes:	Down Jones Euro Stoxx 50 Index (33%), FTSE 100 Index (32%), Nikkei 225 Index (25%), S&P/ASX 200 Index (10%)
Amount:	$2.645 million
Greenshoe:	$396,750
Maturity:	March 10, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	If basket level increases, par plus 130% of return; if basket level drops by up to 20%, par; if basket level drops by more than 20%, payout is par less 125% of the loss
Pricing date:	March 7
Settlement date:	March 10
Underwriter:	Lehman Brothers Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.