By Angela McDaniels
Seattle, Oct. 9 - Lehman Brothers Holdings Inc. priced $13.5 million of foreign exchange basket-linked notes due Oct. 13, 2009 linked to the performance of three currencies versus the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The underlying basket includes the euro with a 33.34% weight, the British pound sterling with a 33.33% weight and the Canadian dollar with a 33.33% weight.
The payout at maturity will be par plus 225% of any appreciation in the U.S. dollar versus the currency basket. If the U.S. dollar remains flat or depreciates relative to the basket, the payout will be par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | Foreign exchange basket-linked notes
|
| Underlying currencies: | Euro (33.34% weight), British pound sterling (33.33% weight) and Canadian dollar (33.33% weight)
|
| Amount: | $13.5 million
|
| Maturity: | Oct. 13, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 225% of any appreciation in the U.S. dollar relative to the basket; floor of par
|
| Pricing date: | Oct. 5
|
| Settlement date: | Oct. 12
|
| Underwriter: | Lehman Brothers Inc.
|
| Fees: | 1.2%
|
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