New Issue: Lehman prices $1.16 million principal protection notes linked to index basket

By Jennifer Chiou

New York, Oct. 24 - Lehman Brothers Holdings Inc. priced $1.16 million of zero-coupon 100% principal protection notes due Oct. 25, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Topix index with a 28% weight, the Dow Jones Euro Stoxx 50 with a 25% weight, the FTSE 100 with a 25% weight, the S&P/ASX 200 with a 10% weight, the Swiss Market index with a 6% weight and the FTSE/Xinhua China 25 with a 6% weight.

The payout at maturity will be par plus 94.5% of any basket gain. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection notes
Underlying indexes:	Topix (28% weight), Dow Jones Euro Stoxx 50 (25% weight), FTSE 100 (25% weight), S&P/ASX 200 (10% weight), Swiss Market (6% weight), FTSE/Xinhua China 25 (6% weight)
Amount:	$1,164,000
Maturity:	Oct. 25, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 94.5% of any basket gain; floor of par
Pricing date:	Oct. 22
Settlement date:	Oct. 25
Underwriter:	Lehman Brothers Inc.
Fees:	3.35%

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