Published on 6/20/2006 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $15.5 million 0.25% notes linked to 10 semiconductor stocks
By Jennifer Chiou
New York, June 20 - Lehman Brothers Holdings Inc. priced $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.
Payout at maturity is 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 initial multipliers for each stock are 0.20407 for Analog Devices, 0.91718 for Applied Materials, 0.22445 for Broadcom, 0.68199 for Intel, 0.17075 for Linear Technology, 0.14821 for Marvell Technology Group, 0.17936 for Maxim Integrated Products, 0.75929 for Motorola, 0.50262 for STMicroelectronics and 0.52731 for Texas Instruments.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Performance-linked medium-term senior notes
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| Underlying stocks: | 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, Texas Instruments Inc.
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| Amount: | $15.5 million
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| Greenshoe: | $2.325 million
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| Maturity: | June 23, 2011
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| Coupon: | 0.25%
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| Price: | Par
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| Threshold value: | 112.89%
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| Payout at maturity: | Par plus any percentage increase over the threshold value, floor of par, payable in cash or stock at Lehman's option
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| Pricing date: | June 16
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| Settlement date: | June 23
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| Underwriter: | Lehman Brothers
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