Published on 4/28/2003 in the Prospect News Convertibles Daily.
New Issue: Lehman sells $31 million 0.25% notes linked to Cox
New York, April 28 - Lehman Brothers Holdings Inc. priced $31 million of 0.25% notes performance linked to the common stock of Cox Communications, Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Performance-linked senior unsecured notes
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| Amount: | $31 million
|
| Greenshoe: | $4.65 million
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| Maturity: | May 1, 2010
|
| Coupon: | 0.25%
|
| Price: | Par
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| Exchange premium: | 28.6% above $33.9680 paid by an affiliate of Lehman to hedge its obligations under the notes
|
| Exchange price: | $43.68285 in cash
|
| Exchange ratio: | 22.8923 (at any time)
|
| Payout at maturity: | Exchange value, minimum of par
|
| Call: | April 24, 2006 onwards at exchange price
|
| Underwriter: | Lehman Brothers
|
| Pricing date: | April 24
|
| Settlement: | May 1
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