New Issue: Lehman prices $10.17 million 7% Yeelds linked to Gap

New York, July 11 - Lehman Brothers Holdings Inc. priced $10.17 million of 7% nine-month notes in the Yield-Enhanced Equity-Linked Debt Securities (Yeelds) structure linked to Gap, Inc. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Yield-Enhanced Equity-Linked Debt Securities (Yeelds) performance-linked medium-term senior notes
Underlying stock:	Gap, Inc.
Amount:	$10.167 million
Greenshoe:	$1.525 million
Maturity:	April 14, 2006
Coupon:	7%
Price:	Par of $21.1819
Yield:	7%
Payout at maturity:	Value of 1 share of Gap stock, capped at $23.30009, 10% above initial price
Exchange price:	$21.1819
Exchange ratio:	1
Pricing date:	July 7
Settlement date:	July 14
Underwriter:	Lehman Brothers
Distribution:	Off shelf

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