By Jennifer Chiou
New York, Sept. 22 - Lehman Brothers Holdings Inc. priced a $45 million issue of 0% Foreign Exchange Range Notes due Dec. 27, 2006 linked to the euro/dollar spot exchange rate, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be 103% of par if the euro/dollar spot exchange rate remains within the reference range during the life of the notes. Otherwise, the payout will be par.
The reference range is 1.2288 dollars per euro to 1.3188 dollars per euro.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue | Foreign Exchange Range Notes
|
| Underlying exchange rate | Euro/dollar
|
| Amount | $45 million
|
| Maturity | Dec. 27, 2006
|
| Coupon | 0%
|
| Price | Par
|
| Payout at maturity | 103% of par if the exchange rate remains within the reference range, otherwise par
|
| Initial exchange rate | 1.2738 dollars per euro
|
| Reference range | 1.2288 dollars per euro to 1.3188 dollars per euro
|
| Pricing date | Sept. 21
|
| Settlement date | Sept. 27
|
| Underwriter | Lehman Brothers Inc.
|
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