New York, Jan. 25 - Lehman Brothers Holdings Inc. again increased its issue of 15-year notes due Jan. 25, 2022 non-callable for one year, this time to $13 million, according to an FWP filing with the Securities and Exchange Commission.
The latest increase adds a further $2 million. The deal was previously expanded in several tranches from the original size of $7 million.
The notes will pay 10% annually until Jan. 25, 2008, at which point the interest rate will be reset quarterly and will equal 50 multiplied by the spread of the 30-year CMS (constant maturity swap) rate over the 10-year CMS rate.
Interest will be paid quarterly.
The notes are callable at par on interest payment dates beginning on Jan. 25, 2008.
| Issuer: | Lehman Brothers Holdings Inc.
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| Issue: | 15-year callable notes
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| Amount: | $2 million in this tranche, $13 million total
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| Maturity: | Jan. 25, 2022
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| Coupon: | 10% until Jan. 25, 2008; 50 times the 30-year CMS rate minus the 10-year CMS rate after that
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| Price: | Variable prices
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| Payout at maturity: | Par
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| Callable: | At par on interest payment dates beginning Jan. 25, 2008
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 25
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| Agent: | Lehman Brothers Inc.
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