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Lehman plans enhanced participation notes linked to nine commodities
By Jennifer Chiou
New York, Oct. 2 - Lehman Brothers Holdings Inc. plans to price zero-coupon principal-protected enhanced participation notes due Nov. 1, 2010 linked to a basket of nine commodities, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of light sweet crude oil, weighted at 20%, and heating oil, copper, nickel, zinc, gold, platinum, corn and wheat, each weighted at 10%.
The payout at maturity will be par plus 115% of any basket gain. Investors will receive at least par.
The notes will price on Oct. 26 and settle on Nov. 1.
Lehman Brothers Inc. is the underwriter.
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