New Issue: Lehman prices $38.3 million 1.25% notes linked to Whole Foods

By Jennifer Chiou

New York, Feb. 1 - Lehman Brothers Holdings Inc. priced $38.3 million 1.25% notes due Feb. 6, 2014 performance linked to Whole Foods Market, Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.

At maturity, the notes will pay the greater of par in cash or the percentage appreciation above the exchange price of $52.2622 plus accrued interest.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Performance-linked medium-term series I senior notes
Underlying stock:	Whole Foods Market, Inc.
Amount:	$38.3 million
Greenshoe:	$5.745 million
Maturity:	Feb. 6, 2014
Coupon:	1.25%, payable semiannually
Price:	Par
Exchange premium:	18%
Exchange price:	$52.2622
Payout at maturity:	Greater of par in cash or percentage appreciation above exchange price of $52.2622 plus accrued interest
Call:	Jan. 30, 2010 onwards
Pricing date:	Jan. 30
Settlement date:	Feb. 6
Underwriter:	Lehman Brothers
Fees:	0.13%

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