New Issue: Lehman upsizes protected return enhanced notes linked to commodities by $210,000 to $7.43 million

By E. Janene Geiss

Philadelphia, Oct. 23 - Lehman Brothers Holdings Inc. upsized its issue of zero-coupon principal-protected return enhanced notes due Oct. 11, 2010 linked to 10 commodities to $7,426,000 after pricing $210,000 additional notes Oct. 22, according to an FWP filing with the Securities and Exchange Commission.

The deal was originally $965,000 in size but has been increased multiple times since pricing.

The basket includes equal weights (10%) of light sweet crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high-grade zinc, No. 11 world sugar, cocoa, coffee robusta, class III milk and No. 2 wheat.

The payout at maturity will be par plus 130% of any positive return on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal-protected return enhanced notes
Underlying assets:	Equal weights (10%) of light sweet crude oil, No. 2 fuel heating oil, copper - grade A, primary nickel, special high-grade zinc, No. 11 world sugar, cocoa, coffee robusta, class III milk and No. 2 wheat
Amount:	$7,426,000 (upsized from $7,216,000)
Maturity:	Oct. 11, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any positive return on the basket; floor of par
Pricing date:	Oct. 3 (reopening Oct. 22)
Original settlement date:	Oct. 19
New settlement date:	Oct. 23
Underwriter:	Lehman Brothers Inc.
Fees:	1.8%

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