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Lehman to issue principal-protected notes inked to Thai baht
By Jennifer Chiou
New York, Sept. 22 - Lehman Brothers Holdings Inc. plans to issue one-year principal-protected notes linked to the Thai baht, according to an FWP filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus any percentage gain on the currency multiplied by a leverage rate to be between 140% and 160%, which will be determined at pricing. Investors will receive at least par.
Lehman Brothers Inc. will be the underwriter.
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