By Laura Lutz
Des Moines, Oct. 5 - Lehman Brothers Holdings Inc. priced another $10 million of its range notes due Oct. 17, 2022 linked to six-month Libor, according to an FWP filing with the Securities and Exchange Commission.
The total amount of notes priced is now $40 million.
Lehman initially priced the offer at $5 million on Sept. 28 and upsized it to $10 million later that day. The company priced another $5 million of the notes on Monday, another $5 million on Wednesday and another $10 million on Thursday.
Interest is payable quarterly and equals 9.5% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%.
The notes are callable at par on any interest payment date beginning Jan. 17, 2008.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Range notes
|
| Amount: | $40 million, upsized from original $5 million
|
| Maturity: | Oct. 17, 2022
|
| Coupon: | 9.5% per year multiplied by the proportion of days on which six-month Libor is at least 0% and not more than 7%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | On interest payment dates beginning Jan. 17, 2008
|
| Pricing date: | Sept. 28 for $10 million, Oct. 1 for $5 million, Oct. 3 for $5 million, Oct. 4 for $10 million, Oct. 5 for $10 million
|
| Settlement date: | Oct. 17
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 0.75%
|
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