Published on 1/24/2007 in the Prospect News Structured Products Daily.
New Issue: Lehman prices $125 million 1-year tracker notes linked to Commodity Index Total Return
By E. Janene Geiss
Philadelphia, Jan. 24 - Lehman Brothers Holdings Inc. priced a $125 million issue of 1-year tracker notes due Jan. 30, 2008 linked to the Lehman Brothers Commodity Index Total Return, according to an FWP filing with the Securities and Exchange Commission.
At maturity, investors will receive par multiplied by the sum of the index performance on the final valuation date of Jan. 23, 2008 plus 5 basis points.
Lehman Brothers is the agent.
Issuer: | Lehman Brothers Holdings Inc.
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Issue: | 1-year tracker notes
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Underlying index: | Lehman Brothers Commodity Index Total Return
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Amount: | $125 million
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Maturity: | Jan. 30, 2008
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Coupon: | 0%
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Price: | Par of $10,000
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Payout at maturity: | Par multiplied by the sum of the index performance (positive or negative) plus 5 basis points
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Initial index value: | 85.3935
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Pricing date: | Jan. 23
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Settlement date: | Jan. 30
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Underwriter: | Lehman Brothers Inc.
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