Published on 8/31/2005 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $55 million 0.25% notes linked to TXU
By Jennifer Chiou
New York, Aug. 31 - Lehman Brothers Holdings Inc. priced $55 million 0.25% notes due 2012 performance linked to TXU Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Performance-linked medium-term series H senior notes
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| Underlying stock: | TXU Corp.
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| Amount: | $55 million
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| Greenshoe: | $8.25 million
|
| Maturity: | Sept. 6, 2012
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| Coupon: | 0.25%, payable semiannually
|
| Price: | Par
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| Exchange premium: | 9%
|
| Exchange price: | $104.997
|
| Payout at maturity: | Greater of par in cash or percentage appreciation above exchange price of $104.997 plus accrued interest
|
| Call: | Aug. 29, 2008 onwards
|
| Dividend protection: | Conversion ratio adjustment
|
| Pricing date: | Aug. 29
|
| Settlement: | Sept. 6
|
| Underwriter: | Lehman Brothers
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