New Issue: Lehman prices $16 million 0.25% up 30.22% notes linked to Symantec

New York, Nov. 8 - Lehman Brothers Holdings Inc. priced $16 million 0.25% seven-year notes performance linked to Symantec Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a cash or stock payout at maturity linked to Symantec and can be converted at any time for stock at the holder's option.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Performance-linked medium-term senior notes
Underlying stock:	Symantec Corp.
Amount:	$16 million
Greenshoe:	$2.4 million
Maturity:	Nov. 12, 2011
Coupon:	0.25%
Price:	Par
Exchange premium:	30.22%
Exchange price:	$77.4027
Exchange ratio:	12.91945, for stock, at any time
Payout at maturity:	Greater of par in cash or percentage appreciation above exchange price (30.22% above $59.44 price Lehman paid to hedge notes) in cash or stock at Lehman's option
Call:	Nov. 4, 2007 onwards with same payout calculation as at maturity
Dividend protection:	Conversion ratio adjustment
Pricing date:	Nov. 4
Settlement date:	Nov. 12
Underwriter:	Lehman Brothers
Distribution:	Off shelf

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