Published on 1/12/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $100 million capped Libor floaters
By Jennifer Chiou
New York, Jan. 12 - Lehman Brothers Holdings Inc. priced a $100 million issue of capped Libor floating-rate notes due Jan. 26, 2017, according to an FWP filing with the Securities and Exchange Commission.
The interest rate is three-month Libor plus 58 basis points, with a floor of zero and a cap of 7%. Interest will be payable quarterly and reset quarterly.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Capped Libor floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | Jan. 26, 2017
|
| Coupon: | Three-month Libor plus 58 bps, reset quarterly
|
| Cap: | 7%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 26
|
| Underwriter: | Lehman Brothers Inc.
|
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