New Issue: Lehman prices $32.9 million principal protection notes linked to Asian currency basket

By Angela McDaniels

Seattle, Oct. 29 - Lehman Brothers Holdings Inc. priced $32.9 million of zero-coupon 100% principal protection notes due Oct. 30, 2009 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso.

The payout at maturity will be par of $10 plus 210% of any appreciation of the basket relative to the dollar. If the basket remains flat or depreciates relative to the dollar, the payout will be par.

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

Issuer:	Lehman Brothers Holdings Inc.
Issue:	100% principal protection notes
Underlying currencies:	Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso, equally weighted
Amount:	$32,861,710
Maturity:	Oct. 30, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 210% of any basket appreciation versus the dollar; floor of par
Pricing date:	Oct. 25
Settlement date:	Oct. 31
Underwriters:	UBS Financial Services Inc. and Lehman Brothers Inc.
Fees:	2%

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