Published on 3/13/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $31.5 million 20% Yeelds linked to Hewlett-Packard
By Jennifer Chiou
New York, March 13 - Lehman Brothers Holdings Inc. priced $31,516,800 of 20% Yeelds (Yield Enhanced Equity-Linked Debt Securities) due March 17, 2007 linked to Hewlett-Packard Co. 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 series H notes
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| Underlying stock: | Hewlett-Packard Co.
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| Amount: | $31,516,800
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| Greenshoe: | $4,727,520
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| Maturity: | March 17, 2007
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| Coupon: | 20%, payable monthly
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| Price: | Par of $32.83
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| Payout at maturity: | Final value of Hewlett-Packard stock on March 12, 2007, capped at par, payable in cash or stock at Lehman's option
|
| Pricing date: | March 9
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| Settlement date: | March 16
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| Underwriter: | Lehman Brothers Inc.
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