Lehman plans principal protection barrier notes linked to FTSE/Xinhua China 25

By Laura Lutz

Des Moines, Oct. 25 - Lehman Brothers Holdings Inc. plans to price zero-coupon 100% principal protection barrier notes due Jan. 30, 2009 linked to the FTSE/Xinhua China 25 index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes above 143% of its initial level on any day during the life of the notes, the payout at maturity will be 104% of par.

Otherwise, the payout will be par plus any gain on the index, subject to a floor of par.

The notes are expected to price on Oct. 26 and settle on Oct. 31.

UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.

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