By Laura Lutz
Des Moines, Jan. 10 - Lehman Brothers Holdings Inc. priced a $3 million issue of 0% principal-protected notes due Jan. 16, 2008 linked to the spot price of gold, according to an FWP filing with the Securities and Exchange Commission.
At maturity, the payout will be par plus any increase in the gold price unless the gold price equals or exceeds $754.60, the upper limit price, at any time during the life of the notes.
If the price of gold is at or above the upper limit at any time, investors will receive 105% of par.
If the price of gold declines and the limit is not exceeded, investors will receive par.
Lehman Brothers is the agent.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Principal-protected notes
|
| Underlying asset: | Gold
|
| Amount: | $3 million
|
| Maturity: | Jan. 16, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus positive return on gold if gold price never meets or exceeds upper limit of $754.60; 105% of par if limit is broken; par if gold declines and limit is not exceeded
|
| Initial price: | $609.60
|
| Upper limit: | $754.60, initial price plus $145.00
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 16
|
| Underwriter: | Lehman Brothers Inc.
|
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