Published on 3/28/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $104.77 million 8% Yeelds linked to Lyondell
New York, March 28 - Lehman Brothers Holdings Inc. priced $104.77 million of one-year 8% Yeelds (Yield Enhanced Equity-Linked Debt Securities) whose performance is linked to the common stock of Lyondell Chemical Co., 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) senior notes
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Underlying stock: | Lyondell Chemical Co.
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Amount: | $104.768 million
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Greenshoe: | $15.72 million
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Maturity: | April 6, 2006
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Coupon: | 8%, payable quarterly
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Price: | Par of $29.9336
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Payout at maturity: | Final value of Lyondell stock, capped at 120% of par or $35.92032, payable in cash or stock at Lehman's option
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Pricing date: | March 22
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Settlement date: | March 30
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Underwriter: | Lehman Brothers
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