New Issue: Lehman prices $879,000 FX notes linked to four currencies

By E. Janene Geiss

Philadelphia, Oct. 29 - Lehman Brothers Holdings Inc. priced an $879,000 issue of 100% principal-protected foreign exchange notes due Oct. 30, 2009 linked to four currencies, according to an FWP filing with the Securities and Exchange Commission.

The equally weighted basket consists of the spot exchange rates against the dollar of the Chinese renminbi, Indonesiah rupiah, Indian rupee and Philippine peso.

If the basket performance is positive, the payout at maturity will be par plus double the appreciation on the basket. If the basket value is zero or less, investors will receive par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Foreign Exchange notes
Underlying exchange rates:	Equal weights of spot exchange rates against dollar of Chinese renminbi, Indonesian rupiah, Indian rupee and Philippine peso
Amount:	$879,000
Maturity:	Oct. 30, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any appreciation on the basket; floor of par
Initial exchange rates:	7.4810 for renminbi, 9144 for rupiah, 39.51 for rupee, 44.059 for peso
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Lehman Brothers Inc.
Fees:	2.25%

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