Lehman Brothers to price capped participation notes linked to gold

By Susanna Moon

Chicago, Oct. 4 - Lehman Brothers Holdings Inc. plans to price capped participation notes due Nov. 2, 2009 linked to gold, according to an FWP filing with the Securities and Exchange Commission.

At maturity the notes will pay par of $10,000 plus double any gain on gold, capped at a maximum return of 18%. The payout will be par if gold falls by up to a 10%. Beyond 10%, investors will lose 1% for each 1% gold decline.

The issue will price on Oct. 26 and settle on Oct. 31.

Lehman Brothers Inc. is the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.