Published on 12/18/2003 in the Prospect News Convertibles Daily.
New Issue: Lehman prices $10 million 6% Yeelds linked to EchoStar
New York, Dec. 18 - Lehman Brothers Holdings Inc. priced $10 million of 6% Yeelds (Yield Enhanced Equity-Linked Debt Securities) linked to EchoStar Communications Corp. common stock, according to a filing with the Securities and Exchange Commission.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | Yeelds (Yield Enhanced Equity-Linked Debt Securities) medium-term notes
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| Underlying stock: | EchoStar Communications Corp.
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| Amount: | $10 million
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| Greenshoe: | $1.5 million
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| Maturity: | Dec. 23, 2004
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| Coupon: | 6%, payable quarterly
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| Price: | Par of $30.647
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| Payout at maturity: | Value of EchoStar common stock at exchange price in stock or cash, capped at $35.949 per note (17.3% above initial value)
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 23
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| Underwriter: | Lehman Brothers
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