Published on 5/8/2003 in the Prospect News Convertibles Daily.
New Issue: Lehman sells $20.5 million 0.25% notes linked to Caterpillar
New York, May 8 - Lehman Brothers Holdings Inc. issued $20.5 million of 0.25% notes linked to Caterpillar Inc. common stock, according to a filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Senior notes performance linked to Caterpillar Inc. common stock
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| Amount: | $20.5 million
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| Greenshoe: | $3.075 million
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| Maturity: | May 13, 2010
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| Coupon: | 0.25%
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| Price: | Par
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| Exchange premium: | 12.5% above $53.649 paid by an affiliate of Lehman to hedge its obligations under the notes
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| Exchange price: | $60.355125 in cash
|
| Payout at maturity: | Exchange value, minimum of par
|
| Call: | May 6, 2006 onwards at onwards at exchange price
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| Pricing date: | May 6
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| Settlement: | May 13
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| Underwriter: | Lehman Brothers
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