New Issue: Lehman prices $205,000 0% CDs linked to currency basket

By Jennifer Chiou

New York, May 30 - Lehman Brothers Commercial Bank priced $205,000 of 0% certificates of deposit due May 31, 2011 linked to a basket of four currencies, according to a term sheet.

The basket consists of equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the euro, all against the dollar.

At maturity, investors will receive par plus any gain on the basket times a participation rate of 325%.

Investors will receive at least par.

Lehman Brothers Inc. is the agent. JVB Financial Services, LLC is the distributor.

Issuer:	Lehman Brothers Commercial Bank
Issue:	Certificates of deposit
Amount:	$205,000
Underlying currencies:	Equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the euro, all against the dollar
Maturity:	May 31, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain on the basket times a participation rate of 325%; floor of par
Initial levels:	Brazilian real at 1.664, Russian ruble at 23.5842, Indian rupee at 42.84 and euro at 1.5769
Pricing date:	May 23
Settlement date:	May 30
Agent:	Lehman Brothers Inc.
Distributor:	JVB Financial Services, LLC

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