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Lehman Brothers to price absolute return barrier notes linked to MSCI EAFE
By Laura Lutz
Des Moines, Oct. 30 - Lehman Brothers Holdings Inc. plans to price an issue of zero-coupon 100% principal protection absolute return barrier notes due May 29, 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
If, on any day during the life of the notes, the index has increased or decreased from its initial level by more than the absolute return barrier amount, the payout will be par. The return barrier amount is expected to be between 22.8% and 25.8%. The exact amount will be set at pricing.
Otherwise, investors will receive par plus the absolute value of the return on the index.
The notes are expected to price on Nov. 27 and settle on Nov. 30.
UBS Financial Services Inc. and Lehman Brothers Inc. are the underwriters.
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