Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lehman Brothers Holdings Inc. > News item |
Lehman to price $15.5 million 0.25% notes linked to 10 semiconductor stocks
By Jennifer Chiou
New York, June 19 - Lehman Brothers Holdings Inc. plans to price $15.5 million of 0.25% notes due June 23, 2011 performance-linked to a basket of 10 semiconductor stocks, according to a 424B5 filing with the Securities and Exchange Commission.
The underlying basket includes Analog Devices, Inc., Applied Materials, Inc., Broadcom Corp., Intel Corp., Linear Technology Corp., Marvell Technology Group Ltd., Maxim Integrated Products, Inc., Motorola, Inc., STMicroelectronics NV and Texas Instruments Inc., with weighting to be determined.
Payout at maturity will be par plus any percentage increase over the threshold value of 112.89%. The payout will have a floor of par and will be payable in cash or stock at Lehman's option.
The notes are expected to settle on June 23.
Lehman Brothers will be the underwriter.
© 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.