New Issue: Lehman prices $347,000 enhanced participation notes linked to Asian currencies

By Laura Lutz

Des Moines, Oct. 30 - Lehman Brothers Holdings Inc. priced a $347,000 issue of zero-coupon principal protected notes with enhanced participation due May 1, 2009 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Indonesian rupiah, the Indian rupee, the Malaysian ringgit and the Singaporean dollar, all relative to the dollar.

At maturity, investors will receive par plus 200% of any increase on the basket. Investors will receive at least par.

Lehman Brothers Inc. is the underwriter.

Issuer:	Lehman Brothers Holdings Inc.
Issue:	Principal protected notes with enhanced participation
Underlying basket:	Equal weights of the Indonesian rupiah, the Indian rupee, the Malaysian ringgit and the Singapore dollar
Amount:	$347,000
Maturity:	May 1, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket gain; floor of par
Pricing date:	Oct. 26
Settlement date:	Nov. 1
Underwriter:	Lehman Brothers Inc.
Fees:	0.5%

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